MQA now in administration

Mike in NY

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MQA was declared insolvent on April 3rd. The high court appointed two administrators who have 8 weeks to submit a plan to creditors.

Partners should really think hard about cutting bait, no reason for a company like WiiM to spend another dime/minute on developing anything more for MQA playback at this juncture.
 
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Does my question seem surprising to you?
Yes considering this news is not at all surprising, rather it is long overdue based on reported financial results, including their last financial statement in January which indicated new backing would need to be secured by March 31st.

Additionally, it is easily found information, for example right on MQA's own website. Your post that more than insinuates someone like me is not a reliable source of information or would have some reason to post a BS story on the WiiM site is rather unfounded, wouldn't you say?
 
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Yes considering this news is not at all surprising, rather it is long overdue based on reported financial results, including their last financial statement in January which indicated new backing would need to be secured by March 31st.

Additionally, it is easily found information, for example right on MQA's own website. Your post that more than insinuates someone like me is not a reliable source of information or would have some reason to post a BS story on the WiiM site is rather unfounded, wouldn't you say?
It's amazing that you took it so personally.
it's just a questioning that seems normal to me given the surges of Amazonian information flows on the net every second.. fake as real...

will refer him in each of the comparable circumstances.

invites you to do so if you see me doing so ... will not take it badly!
;-)
I only hope for a few serious links..those who made you aware of this information...that's all..
It always seems quite logical to me in these kinds of circumstances to point to your sources....
end for me
and
i not use mqa ....nothing personal..
 
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It's amazing that you took it so personally.
it's just a questioning that seems normal to me given the surges of Amazonian information flows on the net every second.. fake as real...

will refer him in each of the comparable circumstances.

invites you to do so if you see me doing so ... will not take it badly!
;-)
I only hope for a few serious links..those who made you aware of this information...that's all..
It always seems quite logical to me in these kinds of circumstances to point to your sources....
end for me
and
i not use mqa ....nothing personal..

No worries man, I wasn't taking it personal, I only asked you what it was about my post that seemed so suspect/dubious.
I know I don't carry a reputation here (or anywhere) of spreading misinformation, but I do understand that one can't just blindly believe everything they read on the internet.
That said, the thread title is pretty cut and dried in terms of making a claim of something about MQA, I wouldn't think anyone would just blatantly post such a thing if it weren't true, but fake news is of course a real thing and so I get where you are coming from.
I guess I'm guilty of thinking that others have closely followed the sordid saga that is MQA, and the absolute financial disaster that has occurred, with nearly £40 million lost since 2014. This is long overdue.
 
Let's see if Tidal pitches in for investment / acquisiton...;-)
I think a TIDAL investment is unlikely as they too are not doing well financially. If anything they'd probably be wise to wait for this to go to a wind down/liquidation, at which point they might be able to just acquire the IP at a fire sale price.

There could of course be some white knight investor that comes forward, but even that seems unlikely in the current business climate, the risk would be high in pumping money into such a losing venture unless one thought there was solid plan moving forward to turn things profitable.

With MQA losing £5 million annually for years now, on weak top line/turnover of just £450,000-650,000 in yearly revenue, investment seems far fetched at this point. Last year's annual statement warned they needed an investment by March 31st and it didn't happen, so I'm not sure why that would change now.

Perhaps a Warner Music Group, or a large hardware manufacturer such as Harman (Samsung) might be interested, but I think the last gasp here was MQA's failure to gain acceptance by the Bluetooth Special Interest Group (SIG) of their proposed MQAir standard, which is now called SCL6 because it turned out IBM already had a trademark on the name MQAir for a completely unrelated product.

Perhaps the IP for the SCL6 technology could be sold off to help fund future operations of MQA proper. The court appointed administrators have to hatch a plan within 8 weeks, though I don't know if that plan becomes public, or simply shared with creditors.
 
Dont think that there will be a white knight investor. What for? The IP is with a different legal entity. Without a path towards profitability and new revenue streams, I'd doubt it...
 
Dont think that there will be a white knight investor. What for? The IP is with a different legal entity. Without a path towards profitability and new revenue streams, I'd doubt it...
The recent touting of SCL6 was likely the angle they took in trying to attract new investment, and it appears to have failed.
 
I think a TIDAL investment is unlikely as they too are not doing well financially. If anything they'd probably be wise to wait for this to go to a wind down/liquidation, at which point they might be able to just acquire the IP at a fire sale price.

There could of course be some white knight investor that comes forward, but even that seems unlikely in the current business climate, the risk would be high in pumping money into such a losing venture unless one thought there was solid plan moving forward to turn things profitable.

With MQA losing £5 million annually for years now, on weak top line/turnover of just £450,000-650,000 in yearly revenue, investment seems far fetched at this point. Last year's annual statement warned they needed an investment by March 31st and it didn't happen, so I'm not sure why that would change now.

Perhaps a Warner Music Group, or a large hardware manufacturer such as Harman (Samsung) might be interested, but I think the last gasp here was MQA's failure to gain acceptance by the Bluetooth Special Interest Group (SIG) of their proposed MQAir standard, which is now called SCL6 because it turned out IBM already had a trademark on the name MQAir for a completely unrelated product.

Perhaps the IP for the SCL6 technology could be sold off to help fund future operations of MQA proper. The court appointed administrators have to hatch a plan within 8 weeks, though I don't know if that plan becomes public, or simply shared with creditors.
Formal proposals for achieving one of the three statutory purposes of a UK Administration appointment will be filed at Companies House and can be accessed FOC by anyone. I would be very surprised if this resulted in a going concern sale. Likely any intellectual property that the administrators can secure will be sold off at a price sufficient to pay fees and costs of the process. You have to think that if the current investors didn’t see a profitable future, why would others for anything other than a punty price .
 
MQA was declared insolvent on April 3rd. The high court appointed two administrators who have 8 weeks to submit a plan to creditors.

Partners should really think hard about cutting bait, no reason for a company like WiiM to spend another dime/minute on developing anything more for MQA playback at this juncture
 
There are many people like Mike in NY who can't hear or appreciate MQA they measure music quality in graphs and specs. Can you measure the taste of good wine in graphs and specs? this is subjective. Personally, when I listen to MQA I prefer it to LP's. Hearing unlike vision which can be corrected with glasses or surgery cannot be remedied.
 
There are many people like Mike in NY who can't hear or appreciate MQA
I still hear quite well, thank you, but I do not appreciate MQA at all.
they measure music quality in graphs and specs.
I've never done any such thing, I've got no graphs or specs by which I measure music, in fact I've not ever tried to measure music, and I've got no measurement gear nor any inclination to use measurement gear.

Can you measure the taste of good wine in graphs and specs? this is subjective.
Certainly the appreciation of sound quality is at least somewhat subjective, I've never said otherwise.

Personally, when I listen to MQA I prefer it to LP's.
Fantastic, I guess LPs are the ultimate barometer then! As set forth by whom?

Hearing unlike vision which can be corrected with glasses or surgery cannot be remedied.
Though in some cases a hearing aid can help, but I'm not in need of that, my hearing is tested every few years by my physician, and not because I've asked him to do it. He's an ENT and it's part of that medical specialist checkup.

Sir you make some ridiculous assumptions here, one being that I'm hard of hearing, and another being I only "measure music" as opposed to listen to it. Both assertions are patently false, however I'm not worried others might think you are on to something there, as you'd of course have absolutely no way of knowing one way or the other.

While I don't measure music, I do have a pretty good BS meter, and it measures off the charts with regard to the absolute nonsense lies as set forth by the MQA cadre from day one, all of which have been fully debunked long ago by now with no credible response from MQA whatsoever.

My real objection to MQA beyond just calling/out exposing their outright lies and straight up BS marketing-speak, is that their scheme as revealed in both interviews with MQA, and described in their patent application, fully admits they sought to control every aspect of the music distribution business and extract a tax in the form of licensing fees at each stop, thereby limiting consumer choice and raising prices. Additionally, the patent contains a DRM mechanism.

No I'm not in favor of a solution in search of a problem that raises costs for consumers, all based on complete and utter BS. I'm sorry you've had the wool so easily pulled over your eyes in all of this, you sound like an MQA fanboy with money invested in hardware that will now likely go quickly obsolete once MQA is gone. You can take some solace in the 300 or so albums that were already MQA encoded will likely be available on TIDAL for some time to come, but industry sources have already confirmed there will likely not be any more albums encoded in MQA ever again, that process has been stopped for now, and I for one hope it is never restarted.

TIDAL is also in poor financial health, with year-over-year top line revenue down almost 38% between 4Q21 and 4Q22, a rather precipitous drop from $55.7 million to $38 million. Even though their parent company Block has the resources, it doesn't look likely that TIDAL is in any position to be a white knight for MQA, more likely they drop it within about a year.

Cheers!
 
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