French streaming service Qobuz has acquired e-onkyo music, a high-resolution music download service previously owned by Japanese hi-fi manufacturer Onkyo.
Xandrie SA, the parent company of Qobuz, now holds 85.1% of the shares of Xandrie Japan Co Ltd (into which Onkyo transferred its e-onkyo music assets), while Onkyo retains 14.9%. Onkyo, which recently sold its AV division to VOXX (the owner of Klipsch), intends to “refocus on its core business” as part of “a business restructuring plan”.
Qobuz already offers both hi-res music streaming and downloads, with its Studio Sublime tier, the best of both worlds, offering hi-res streams and discounts on download purchases for £15 ($15) a month . But the acquisition of e-onkyo music will allow the service to expand its high-resolution music offering by offering local content such as J-Pop.
Qobuz has a library of over 70 million titles and nearly half a million editorial content.
It’s been the subject of something of an international push lately. In April, it expanded to the Nordic countries of Sweden, Denmark, Norway and Finland, as well as Australia and New Zealand. He promises that more international launches “should materialize in the coming months.”
It also recently launched personalized playlists and online CarPlay features.
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