Qobuz Acquires e-onkyo Music for Asia Growth
French music streaming platform Qobuz has announced it has acquired e-onkyo music from Onkyo Corporation, the Japanese high-end electronics manufacturer.
Qobuz has expanded its international offering over the past couple of years, following the service launch last April in Nordic countries, including Sweden, Denmark, Norway, Finland, and finally, Australia and New Zealand. Other opening plans are being conducted and should materialise in the coming months, says Qobuz.
The latest acquisition has bolstered its pursuit for growth in the Asia region. The acquisition of e-onkyo music is an opportunity to broaden its range of high-resolution references and ultimately enrich its catalogue with local content and cutting-edge musical genres such as J-Pop, on all its platforms.
Georges Fornay, Deputy CEO of Qobuz, said:
Thanks to the acquisition of e-onkyo music, Qobuz has taken a new step in its international development and is successfully pursuing its growth ambitions on the Asian market. 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. In the long term, Qobuz also aims to rapidly launch a streaming offer in Japan.
Qobuz works to propose a rich and eclectic offer, composed of a varied repertoire (jazz, classical, pop-rock, world music…) completed with articles, interviews, and album reviews, which demonstrates its local and borderless musical universe. With more than 70 million tracks and nearly half a million pieces of editorial content, Qobuz offers all music lovers the unique opportunity to (re)discover the history of music and artists of yesterday, today, and tomorrow.
StereoNET’s Founder and Publisher, born in UK and raised on British Hi-Fi before moving to Australia where he worked as an Engineer in both the audio and mechanical fields.
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