Native Instruments is in preliminary insolvency

Native Instruments is in preliminary insolvency proceedings, according to documentation reported by Create Digital Music. According to that report, a preliminary insolvency administrator has been appointed, who will take responsibility for restructuring the company and any sale of existing assets.

The German music technology brand, known for era-defining products such as Maschine, Massive, Traktor and Kontakt, has been through numerous changes over the past decade. Between 2019 and 2020, the company experienced a rocky period involving staff layoffs, a company restructure and criticism from ex-employees.