PARIS, France (CelebrityAccess) — French music streaming service Qobuz announced that it has named music-industry veteran Yann Miossec as its new CEO.
Miossec’s initial portfolio includes guiding the high definition music streamer as it makes its first foray into the highly competitive North American streaming market, which the company is eyeing for this summer. Miossec will be based out of the company’s Paris offices.
“Yann is a digital music visionary and a well-regarded industry statesman,” commented Qobuz President, Denis Thebaud. “Qobuz is entering a very exciting phase. In addition to our planned U.S. 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. With his keen business sense and music-industry experience, Yann Miossec is the best individual to successfully lead us through these crucial endeavors.”
Qobuz bills itself as a high definition streaming service with a deep catalog of 40-million tracks, with over a million of said tracks at high resolution and delivered via lossless FLAC Open-Source format in 16-Bit/44.1 kHz quality. The platform is available on all major operating systems and features hi-fi integration for people old enough to have hi-fi systems.
Miossec joins Qobuz from Warner Music France, where he served as Executive Vice President for more than a decade and has also held executive positions at other European music companies Erato and at East West France.
Miossec said Qobuz has always appeared to him to be one of the few platforms where the work of the team revolved around their passion for music. “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.”