Native Instruments enters into insolvency proceedings
10 days ago
- #music-technology
- #business-insolvency
- #software-hardware
- Native Instruments, known for software like Massive, Traktor, Kontakt, and hardware like Maschine+, has entered preliminary insolvency proceedings.
- An administrator has been appointed to oversee restructuring and potential asset sales, leaving the company's future uncertain.
- The company, which owns brands like iZotope, Brainworx, and Plugin Alliance, has faced restructuring before, including layoffs between 2019-2020.
- Majority stakeholder Francisco Partners may influence outcomes, with possibilities ranging from new investors to asset liquidation.
- Plugin Alliance, a subsidiary, states it remains unaffected, continuing normal operations and software updates.
- Concerns arise for users invested in Native Instruments' ecosystem, with hopes for product updates like Maschine+ now uncertain.
- Akai is speculated as a potential buyer for Native Instruments' software, given existing integrations with MPC machines.