MQA entering into administration - comparable to Chapter 11 in the US

[Matias]

As reported here

MQA is going into administration

"MQA's main financial backer is seeking an exit"

www.whathifi.com

"Following the recent positive reception to MQA’s latest technology (SCL6), there has been increased international interest in buying MQA Ltd. At the same time, MQA’s main financial backer is seeking an exit. In order to be in the best position to pursue market opportunities and expedite this process, the company has undergone a restructuring initiative, which includes entering into administration and is comparable to Chapter 11 in the US.

During this process, MQA continues to trade as usual alongside its partners.

We won't be commenting further while negotiations take place."

 

[FrankW]

99 Problems?

 

[mhardy6647]

 

[Matias]

I read it like this:

"We launched yet another irrelevant feature but it does not matter: the guys who paid our bills got out of this sinking ship and now we are for sale. From now on we cannot pay our bills ourselves, so we will not comment further until someone else buys and saves us again."

Good luck trying to sell this "important" IP to someone else!

 

[valerianf]

Does MQA brings anything to the audio world?
After reading many threads about it I have some doubts.
There are many industry standards (Dolby, THX, Apple, mp3 formats...) that are sufficient for home audio streaming.

After AURO, it is MQA that fills for bankruptcy.
Who is the next one?

 

[DVDdoug]

Is surprising they can't get their expenses under control. I used to wonder how software companies go bankrupt... Once the software is "done" it costs nothing to produce as many copies as you can sell.

 

[Martin]

Is surprising they can't get their expenses under control. I used to wonder how software companies go bankrupt... Once the software is "done" it costs nothing to produce as many copies as you can sell.

That is a very limited view of the software industry. Developers are always working on upgrades, additional features and functionality, bug fixes, support services, etc. You don't just write a program and sell it. If that were true we'd all be running DOS 1.0.

 

[muslhead]

Is surprising they can't get their expenses under control. I used to wonder how software companies go bankrupt... Once the software is "done" it costs nothing to produce as many copies as you can sell.

being a director in a software company in my past life, i can promise you software is NEVER done

 

[sarumbear]

Is surprising they can't get their expenses under control. I used to wonder how software companies go bankrupt... Once the software is "done" it costs nothing to produce as many copies as you can sell.

The thing is software is never “done.” That’s why it’s called soft.

 

[Somafunk]

The thing is software is never “done.” That’s why it’s called soft.

Explains why MQA is a half-baked solution looking for a problem

 

[GD Fan]

Just a guess here, but it sounds like they probably reached a debt maturity and the lender refused to roll it.

 

[Jas0_0]

Time to go back through my Tidal library and switch out any liked MQA ‘masters’ before they disappear?

If everyone did this, would it be like a run on a bank?

 

[mhardy6647]

Time to go back through my Tidal library and switch out any liked MQA ‘masters’ before they disappear?

If everyone did this, would it be like a run on a bank?

a testable hypothesis.

 

[muslhead]

Congrats to @amirm for keeping calm and cool while ASR members blew a collective gasket regarding MQA (including myself) when it started out. Even if he didnt see this as the end result, he deserves credit.

 

[mhardy6647]

Does MQA brings anything to the audio world?
After reading many threads about it I have some doubts.
There are many industry standards (Dolby, THX, Apple, mp3 formats...) that are sufficient for home audio streaming.

After AURO, it is MQA that fills for bankruptcy.
Who is the next one?

I mean... who'd be next in line with irrelevant, pointless, proprietary "technology"?
I - honestly - don't have an inkling.

 

[fpitas]

I mean... who'd be next in line with irrelevant, pointless, proprietary "technology"?
I - honestly - don't have an inkling.

Zuckerburg tried to destroy Facebook with his Meta dream. Evidently the investors read him the riot act before it all went belly up.

 

[mhardy6647]

Zuckerburg tried to destroy Facebook with his Meta dream. Evidently the investors read him the riot act before it all went belly up.

Meta was my first thought... athough a little off of the MQA axis, by and large.
I'm not sure that the verdict is in yet on Meta.

 

[fpitas]

Meta was my first thought... athough a little off of the MQA axis, by and large.
I'm not sure that the verdict is in yet on Meta.

To my knowledge there were massive layoffs. But who knows. The dream may yet be burning!

 

[mhardy6647]

To my knowledge there were massive layoffs. But who knows. The dream may yet be burning!

That is true (two rounds, at the moment -- I think). But the doors are still open and the lights are still on.
Of course, Elon Musk may have taken their sink.

ahem.

It's hard to keep one's foundering tech companies straight without a scorecard!

 

[fpitas]

That is true (two rounds, at the moment -- I think). But the doors are still open and the lights are still on.
Of course, Elon Musk may have taken their sink.

ahem.

It's hard to keep one's foundering tech companies straight without a scorecard!

Well, I wouldn't know how to pilot a $44 billion company to $20 billion. OK, I could figure out a way