MQA Had $9.3 Million in 2017 Operating Loss, Says IP Licensor in UK Filing
MQA, the British company that licenses the Master Quality Authenticated hi-res audio platform to record labels and hardware manufacturers, reduced its 2017 operating loss to 7.1 million pounds ($9.3 million) from 8.6 million pounds a year earlier, said a Sept.…
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13 filing posted at Companies House, the U.K. government’s beta registry website for private companies. MQA drew 149,000 pounds in 2017 licensing revenue, up from 30,000 pounds in 2016. MQA draws its revenue from per-unit royalties it charges for decoders and “renderers” in CE products and on chips, it said. It draws income from revenue-sharing agreements with music retailers, it said. MQA has nondisclosure agreements in place with more than 150 companies globally, and actual signed license agreements with 40, it said. More than 100 MQA-enabled products are available for sale to the public, it said.