http://www.audiostream.com/content/qobuz-enters-equivalent-chapter-11-protection
It looks like they need a big cash injection from somewhere.
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It looks like they need a big cash injection from somewhere.
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MrReaper182 said:That's is sad news. The trouble is that most young people think music should be free and paying anything (even money to stream music) is a rip off. Even What hi-fi said 20 quid was a lot to pay for this service but I don't think it was when you consider all the music you were geting in high-res.
matt49 said:iTunes has been responsible for one of the biggest changes in the (pop) music industry: the move from CD/album sales to downloads of individual tracks. This hit the industry very hard, as it could no longer rely on selling its high-value product. The industry is still locked into the old model though: a belief that demand for music is inelastic and so there's no point in pushing prices right down in order to grow demand.
This explains the music industry's attitude to Spotify, Qobuz et al. The industry makes Spotify charge $120 p.a. for its premium streaming service, which is twice the annual average spend of a US music buyer. In other words, the entry price for premium streaming is way beyond what most consumers would spend in a year. That is a commercial dead-end.
Qobuz's classical and jazz services suffer from a rather different problem: the demographic conveyor belt. The audience for classical music is getting old and shrinking. It won't disappear altogether, of course, but there's quite a big realignment happening in the classical music business. The great age of popular classical music, when concert halls were full of people from a range of social groups and ages, is over. We're returning to an age of patronage, much like the eighteenth century, only this time the patrons are banks.
gowiththeflow said:drummerman said:A friends two daughters, one at uni, just laugh at the suggestion of paying for music through spotify or any other, similar subscription services ...
regards
My daughter is using the Spotify Premium service with the 50% student discount (£5 p.m.). She wouldn't consider paying £10 p.m. for it though.
My soon (early 20's) has thousands of tracks in both CD quality (rips and downloads) and a mix of mp3/AAC. He's only ever paid for 2 CD's in his life and probably only a couple of dozen downloaded tracks. Everything else he paid nothing for and has no intention of paying for any music if he can help it.
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Clare Newsome said:Well i just spent £50 on Qobuz downloads. Every little helps...
drummerman said:A friends two daughters, one at uni, just laugh at the suggestion of paying for music through spotify or any other, similar subscription services ...
regards
gowiththeflow said:My son has no overt (or otherwise) intention to cheat or steal the music.