Native Instruments GmbH is in preliminary insolvency.
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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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M mindtunes@troet.cafe shared this topic
