Reply To: Native Instruments Insolvency and Updates

[LinkedMusicians]

It will be interesting to see how this plays out, but I posted in the Plugin Alliance Audiophiles group that head of Plugin Alliance (Mo Valens) and various top execs at NI are in to address Mo Valens “business as usual” statement that I wrote about earlier. Here is my post in its entirety:

Mo Volans First, my heart goes out to all NI employees. I understand that you’re trying to assure us customers will have continuity, but your statement may lead some to wrongly conclude that Plugin Alliance won’t be affected by the preliminary insolvency. Considering the very high level of debt to revenue that NI is reported to have, it seems extremely likely that Plugin Alliance will be impacted and it doesn’t mean that:
1. Plugin Alliance is protected from bankruptcy under its own jurisdiction. A US bankruptcy doesn’t provide the protections a German insolvency does to employees (specifically, the German gov’t guarantees employees 3 months of salary).
2. Plugin Alliance is financially insulated.
3. Plugin Alliance cannot be sold.
4. Plugin Alliance cannot be affected by the parent’s insolvency.

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