Qobuz takeover confirmed; fresh investment and expansion planned

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Lossless streaming service Qobuz has been bought by Xandrie, a French entertainment company, and now promises to expand and improve its service.

Xandrie is to take over the assets of Qobuz, excluding any liabilities, and will continue to run the service under the same name, alongside its own portfolio of entertainment and technologogy companies.

Qobuz went into receivership last year, with co-founder Yves Riesel now admitting it had "failed to achieve its goals" over the last three years. Riesel said he would now leave the company in a blog post on the Qobuz website.

Xandrie was established in 2012 and is part of the Thébaud group, which has a range of digital entertainment interests. The company recently established 'allbrary', a digital library for music, books, games, videos and more.

Joe Cox
Joe Cox
Content Director

Joe is the Content Director for What Hi-Fi? and Future’s Product Testing, having previously been the Global Editor-in-Chief of What Hi-Fi?. He has worked on What Hi-Fi? across the print magazine and website for almost 20 years, writing news, reviews and features on everything from turntables to TVs, headphones to hi-fi separates. He has covered product launch events across the world, from Apple to Technics, Sony and Samsung; reported from CES, the Bristol Show, and Munich High End for many years; and written for sites such as the BBC, Stuff and The Guardian. In his spare time, he enjoys expanding his vinyl collection and cycling (not at the same time).