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I spoke at length about this with David Solomon, the Chief Hi-Res Music Evangelist of Qobuz. And Tidal, the only hi-res streaming service in the US until Qobuz’s 2019 launch, is in a pattern of losing tens of millions each year. Spotify has never had a profitable year since it was founded in 2006. So, why would anyone try to enter the US market, especially operating it from Europe?” HighResAudio is not wrong. “None of the exciting streaming service are profitable. Some consider this a dangerous move: German company HighResAudio said that it considered expanding to the US, but opted not to because of music licensing fees. But that changes in 2019 with an expansion to North American shores.
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Though it was founded a full seven years before Tidal, Qobuz may not have reached your ears because it was initially focused on Europe. They felt that serious music fans were not being addressed in the online music space.” And in the intervening years, “it evolved into a full-service, all-genre streaming service.”
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On the company’s history, Mackta said, “Qobuz was started in France in 2007 as a hi-res download store by classical music fanatics. I recently chatted with Dan Mackta, Managing Director of Qobuz US. The Paris, France-based company aims to outclass all the other streaming services on three fronts: sound quality, documentation, and editorial content. But there’s another contender that you might not have heard much about: Qobuz. Enthusiasts were again pleased when Tidal announced in 2017 that it would begin streaming hi-res audio. You’re probably familiar with Tidal: the streaming company that made a splash in the audio community in 2014 when it brought lossless CD-quality streaming to the US, UK, and Canada. Now you don’t have to choose: You can have the convenience of streaming, as well the quality of lossless CD audio and higher, using one of two services. This is where hi-res streaming enters the conversation.
That’s fine for listening while cooking or driving, but not for system calibration, and not for an old-fashion listening session.
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