French hi-res music business Qobuz gets new CEO ahead of planned U.S. launch

Streaming and download service Qobuz has named Yann Miossec as its new CEO. The Paris-based company specializes in hi-resolution music, and it is planning a United States launch and a possible IPO in the near future.

Miossec assumes the helm after a 12-year career at Warner Music France, where he was most recently an executive vice president. In his new role, he’ll be responsible for overseeing the U.S. launch, which is expected this summer.

“Working with this brand, promoting its projects, is my dream challenge,” he said. “I look forward to joining these talented, creative individuals in further developing Qobuz’s presence around the world.”

“Qobuz is entering a very exciting phase,” added Denis Thebaud, Qobuz president. “In addition to our planned US launch, the recent listing of Spotify on the New York Stock Exchange shows that the market is becoming more mature. The market is becoming segmented, which widens the opportunity for specialized players with a strong music presence and personality – like Qobuz. After our third round of fundraising ends in June, we too will likely begin considering our own IPO.”

Anna Washenko