European based music streamers Qobuz are setting sail for the Americas as they expand under new management.
High resolution music streaming service Qobuz are set to launch their services in the US this summer, expanding them beyond Europe. They will make their voyage across the North Atlantic ocean will be lead by newly named CEO Yann Miossec, who most recently served as EVP of Warner Music France for 12 years.
Qobuz president Denis Thebaud said: “Yann is a digital music visionary and a well-regarded industry statesman. Qobuz is entering a very exciting phase. With his keen business sense and music-industry experience, Yann Miossec is the best individual to successfully lead us through these crucial endeavours.”
Thebaud also talks on the future of Qobuz, including a possible IPO, saying: “In addition to our planned U.S. launch, the recent listing of Spotify on the New York Stock Exchange shows that the market is becoming more mature. The market is becoming segmented which widens the opportunity for specialised players with a strong music presence and personality – like Qobuz. After our third round of fundraising ends in June, we too will likely begin considering our own IPO.”
Miossec himself said of his new position: “Working with this brand, promoting its projects, is my dream challenge. I look forward to joining these talented, creative individuals in further developing Qobuz’s presence around the world.”