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Splice, a cloud-based music creation platform that makes tools and services for music producers, composers, and artists, has acquired Spitfire Audio, a virtual instrument sample libraries for music production, particularly for film, TV, and media scoring.
Analysts suggest that this consolidation signals continued consolidation in the sample library industry amid rising competition, especially from AI-generated music tools, with concerns about reduced demand for traditional sample-based products. The acquisition marks a strategic shift for both companies in response to evolving music production technologies.
VIDEO: Splice CEO Kakul Srivastava and Spitfire co-founder Paul Thomson discuss the acquisition and their hopes for the future at AIR Studios in London, where Spitfire recorded their earliest libraries.
Sources:
https://find-and-update.company-information.service.gov.uk/company/09857384/filing-history
