Native Instruments this morning issued a statement that its restructuring is moving along, including advancing insolvency proceedings and “an active M&A [mergers and acquisitions] process that is progressing well.” Translation for humans: there’s a good chance we’ll see NI acquired soon, and by some company or companies in the audio tech space.
Read morePlugin Alliance, with operations in the US and Langenfeld, Germany, says it is not part of Native Instruments’ insolvency filing.
Soundwide on Wednesday laid off approximately 8% of their employees, across their stable of brands. That means at least one major music technology company follows layoffs in tech and media starting this year.