The French streaming and download service, a huge player in the classical market, was placed in receivership on Monday by the Commercial Court of Paris. The company had been forecasting turnover of 7.4 million Euros in the current year.
Its founder Yves Riesel says there is no Plan B and he’s looking for a buyer before November 16.
He has issued the following reassurance message to subscribers:
L’équipe de Qobuz est confiante quant au fait qu’une solution sera retenue suite à la présentation d’offres au Tribunal, dont les animateurs auront à cœur de respecter les engagements pris par Qobuz envers ses clients.
Qobuz: holed in the heart