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Qobuz buys hi-res music obtain retailer e-onkyo

French streaming service Qobuz has purchased e-onkyo music, a hi-res music obtain service beforehand owned by Japanese hi-fi producer Onkyo.

Xandrie SA, Qobuz’s father or mother firm, now owns 85.1 per cent of the shares in Xandrie Japan Co Ltd (into which Onkyo transferred its property of e-onkyo music), whereas Onkyo retains 14.9 per cent. Onkyo, which lately bought its AV division to VOXX (the proprietor of Klipsch), intends to “give attention to its core enterprise” as a part of “a plan to restructure its actions”.

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