Native Instruments Enters Insolvency Proceedings, Future Uncertain
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Summary
Music technology company Native Instruments, known for software like Massive, Traktor, and Kontakt and hardware like Maschine+, has entered preliminary insolvency proceedings. The company, which also owns brands iZotope, Brainworx, and Plugin Alliance, has appointed an administrator to handle restructuring and potentially sell assets. The future of the company remains uncertain as details about the proceedings are limited.
Key quotes
· 5 pulledMusic hardware and software manufacturer Native Instruments has entered into preliminary insolvency proceedings
This is the company behind iconic software like Massive, Traktor and Kontakt and hardware like Maschine+
Native Instruments also owns the brands iZotope, Brainworx and Plugin Alliance
We don't have many specifics as to what this entails and what the future of the company will look like
An administrator has been appointed to handle restructuring and, potentially, to sell off existing assets
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