Qobuz confirms international ambitions by entering into a strategic alliance with Québecor
A major player in the media and telecommunications sector
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Qobuz, France's high-quality music streaming and download service, is strengthening its position as an international player in the music industry by sealing a financial and industrial partnership with Québecor, a Canadian leader in telecommunications, entertainment, information media and culture. This alliance gave rise to QUB musique, a streaming platform recently launched in Québec by Québecor. Qobuz is thus affirming its ambitions for the development of innovative music services at the global level, and opening the door to new agreements with companies in the media and telecom sectors.
New growth opportunity for Qobuz
Through this alliance, Qobuz is strengthening its position as a global player in the music industry, particularly in North America and Canada. Its platform is currently available in 11 countries in Europe and was launched in the United States in February 2019. To continue its expansion, Qobuz aims to accelerate its international development through new agreements with global players in the media and telecommunications world.
Qobuz, a player committed to promoting local cultures
As a committed player, Qobuz also advocates fair compensation for artists and their rights holders. This commitment was illustrated during the confinement period by a redistribution to them of all revenues generated by the first month of subscription to its streaming service.
"We are committed to a long-term investment strategy. We are committed to seeking new partnerships with foreign media and operators who share our values and convictions in terms of music distribution. We are working alongside these companies, but also with artists and labels to promote quality and promote musical diversity. The success of the Qub Musique project thus places us on a new and very promising development path," underlines Denis Thébaud, Chairman and CEO of Qobuz.
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Source Shore Fire Media
June 3, 2020 1:48pm ET by Shore Fire Media