Qobuz is one of the streaming services focusing on high-resolution music: a niche that is suddenly crowded with 900lb gorillas as the likes of Amazon Music, Apple Music and (soon) Spotify pile in. However, Qobuz has made an interesting move this week: its parent company Xandrie SA has acquired Japanese hi-res music downloads service E-Onkyo Music.
The deal is partly about Onkyo exiting the digital music space – its core business remains hardware – and partly about Qobuz’s ambitions to expand in Asia.
“This union will allow Qobuz to offer a high value-added and eclectic music offer as well as the most complete high-resolution download offer on the market,” said deputy CEO Georges Fornay. “In the long term, Qobuz also aims to rapidly launch a streaming offer in Japan.”
Amazon, Apple and Sony Music’s Mora Qualitas will be waiting when it does.
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