Native Instruments is in preliminary insolvency: Difference between revisions
Native Instruments going bankrupt |
m It is not made clear how this relates to consumer rights |
||
| (6 intermediate revisions by 4 users not shown) | |||
| Line 1: | Line 1: | ||
{{Irrelevant}} | |||
{{ToneWarning}} | |||
{{IncidentCargo | {{IncidentCargo | ||
|Company=Soundwide | |Company=Soundwide | ||
| Line 10: | Line 13: | ||
|Description=Native Instruments is in preliminary insolvency, and a court‑appointed administrator will handle its restructuring and may sell the company's assets | |Description=Native Instruments is in preliminary insolvency, and a court‑appointed administrator will handle its restructuring and may sell the company's assets | ||
}} | }} | ||
{{ | {{OngoingEvent}} | ||
Native Instruments is in preliminary insolvency proceedings, a preliminary insolvency administrator has been appointed, who will take responsibility for restructuring the company and any sale of existing assets.<ref>{{Cite web |last=Kirn |first=Peter |date=27 Jan 2026 |title=Native Instruments GmbH is in preliminary insolvency |url=https://cdm.link/ni-insolvency/ |url-status=live |access-date=29 Jan 2026 |website=CDM |archive-url=http://web.archive.org/web/20260128145250/https://cdm.link/ni-insolvency/ |archive-date=28 Jan 2026}}</ref> | |||
==Background== | ==Background== | ||
{{ | In April 2022 Native instruments briefly{{Clarify|how long}} became a subsidiary brand of Soundwide, a parent company created with the backing of Francisco Partners and EMH Partners.{{Citation needed|date=29 Jan 2026}} They shipped negatively received updates that decreased plugin performance and increased advertisements.{{Citation needed|date=29 Jan 2026}} They kept buying companies, which correlated with their decreased success.{{Citation needed|date=29 Jan 2026}} | ||
= | |||
{{ | |||
{{ | |||
==Brands Acquisition== | |||
Native Instruments has acquired two significant brands iZotope and Plugin Alliance.{{Citation needed|date=29 Jan 2026}} The brands were initially merged under an umbrella brand named Soundwide, and shortly later under the Native Instruments brand name. Native Instruments got fined for this, which made them bankrupt and sell all of their products.{{Citation needed|date=29 Jan 2026}} | |||
==Lawsuit== | ==Lawsuit== | ||
==Consumer response== | ==Consumer response== | ||
==References== | ==References== | ||
#https://musictech.com/news/industry/native-instruments-preliminary-insolvency/ | |||
#https://www.musicradar.com/music-tech/native-instruments-has-been-placed-in-preliminary-insolvency | |||
#https://audionewsroom.net/2026/01/native-instruments-insolvency-what-does-it-mean-and-what-happens-now.html | |||
#https://www.engadget.com/audio/native-instruments-enters-into-insolvency-proceedings-leaving-its-future-uncertain-183206826.html | |||
[[Category:Incidents]] | |||
<references /> | |||