Native Instruments – one of the world’s leading manufacturers of music-making software and hardware – has entered preliminary insolvency proceedings, it has been revealed.
According to a report by Create Digital Music, Prof. Dr. Torsten Martini has been appointed preliminary insolvency administrator for the Berlin-based company, and will be responsible for restructuring the company and selling off existing Native Instruments assets.
Further information about the preliminary insolvency proceedings is unavailable at this time, and it’s unclear what the future entails for existing Native Instruments customers and users, as well as the company’s hundreds of employees.
Native Instruments – known for its industry-leading music-making…