Native Instruments GmbH is in preliminary insolvency.
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@FreakyFwoof @pkirn Makes me want to scrape together the money and grap there A series 61 key...yesterday. *sighs* I want so bad. I wanted it before this, but now so bad.
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@FreakyFwoof @pkirn Makes me want to scrape together the money and grap there A series 61 key...yesterday. *sighs* I want so bad. I wanted it before this, but now so bad.
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@fabio @pkirn they were bought out by an American private equity firm about five years ago. There's a pretty established narrative among firms like that of buying companies, overburdening them with debt from the sale, and basically stripping them for parts and cashing out.
Not saying I know for a fact that's what happened here but one can make assumptions.
@antiquedigital @fabio @pkirn Damn on Saturday I was literally hanging out w/ an NI employee…Now looking back some of the things he said may have been his way of saying he knew about this but he def didn’t make it seem like there was much of a problem so maybe actually he didn’t know. He did express some issues with the company that bought them but said that NI’s folks in Germany were all really brilliant.
Maschine+ is my main instrument.
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@FreakyFwoof @pkirn I did, but I haven't watched it yet. It's 245 USD, and I have no job, dammit. *sighs*
But dammit *lust item* -
@FreakyFwoof @the_spc Here's the unusual situation: because *so much* is owed to creditors, the future of these products is really secured. You have to sell it to pay the debts, and the insolvency process makes that happen.
I'm happy to remind would-be future owners of how important accessibility is to that value proposition.
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@FreakyFwoof @the_spc I missed that! Please link me!
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@FreakyFwoof @the_spc I missed that! Please link me!
@pkirn @the_spc Linked here. Thanks as always sir. https://universeodon.com/@FreakyFwoof/115922628563673284
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@FreakyFwoof @the_spc Here's the unusual situation: because *so much* is owed to creditors, the future of these products is really secured. You have to sell it to pay the debts, and the insolvency process makes that happen.
I'm happy to remind would-be future owners of how important accessibility is to that value proposition.
@FreakyFwoof @pkirn So Inssolvancy isn't like bank ruptsy, then? I mean...it still sucks badly, right, but...damn.
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I guess a few people having invested in Kontakt (as users or library producers) will now be unpleasantly reminded what *vendor lock-in* means.
@SpotlightKyd yes, though the flipside is that Kontakt is probably the asset here that has the *most* assured future...
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@antiquedigital @fabio oh, absolutely -- debts that were taken on by investors that are really independent of the operational success of the company and its employees, etc.
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@pkirn@mastodon.social I've not exactly been following this, but I have heard a few things here and there over the last few years, and this isn't coming as a surprise.
For me, since shifting to Linux and open source a few years ago now, I haven't done any music production, or tried to set anything up yet, since I need a new machine really. I had tried to do some research in finding a Kontakt alternative that could either load up Kontak Instruments, or remap them to a another format - as after 20 years, Kontakt was the only NI product I used in the end - but used very heavily. And I have a ton of unfinished tracks I would like to finish, even if just for myself.
So, if anyone reading this more familiar with Linux audio knows of such a way, please let me know. It has been previously recommended to me to try using Carla, and hacking Kontakt VST to work in Linux, but I was already reluctant to go that way. I would rather find a native sampler that can somehow use Kontakt instruments, and then import the midi regions from older tracks that I've made. Thanks.@shye yeah, I don't think that exists at the moment -- maybe someone could imagine some way to construct it with something like HISE. https://hise.dev/
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Native Instruments GmbH is in preliminary insolvency.
Not remotely what you want to see. Will keep tabs on this one in a tough time. Details:
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@FreakyFwoof I can't see them going under man. The product catalogue is still wicked valuable and the brand is super well known, even if its rep isn't all shiny all of the time. At most I'd expect chopping of some comparatively dead wood.
@Scott @FreakyFwoof Are iZotope, Brainworx, and Plugin Alliance part of the insolvency? That's a huge chunk of music tech software industry.
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@pkirn @the_spc Linked here. Thanks as always sir. https://universeodon.com/@FreakyFwoof/115922628563673284
@FreakyFwoof @pkirn Sweeet, you saved me the trip back to your timeline. I thought I'd favorited the damn thing. Have now.
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@Scott @FreakyFwoof Are iZotope, Brainworx, and Plugin Alliance part of the insolvency? That's a huge chunk of music tech software industry.
@Scott @FreakyFwoof It brings back the old, painful memory of having to give up GigaStudio when it got discontinued. UGG! Having to building up sample libraries is no fun! Hopefully we don't come to that.
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@Scott @FreakyFwoof Are iZotope, Brainworx, and Plugin Alliance part of the insolvency? That's a huge chunk of music tech software industry.
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@antiquedigital @fabio Right, but if you're trying to do *that*, this is specifically what you *don't* want to happen -- because then you lose control of breaking up the company.
I'm the last person to be a fan of private equity, but this is actually worse -- and the role of private equity is typically to avoid this case. So this has a lot of people really shocked.
@pkirn @antiquedigital @fabio I’m not very informed about the details of how private equity operates, but my impression of how they operate is very much like this. Maybe their high profile failures of this kind (Sears and Toys’r’Us being the first examples that come to mind) colored my views? If this is happening 5 years after they took over, it’s easy to imagine that they’ve already stripped the company to the bones.
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