I love seeing the industry fuck itself.

 

chatgpt says:


To date, Splice's acquisition of Spitfire Audio, announced on April 28, 2025, is the company's first known public purchase. This transaction, valued at approximately $50 million, marks a strategic move by Splice to strengthen its presence in the artificial intelligence-assisted music creation marketplace .SYNTH ANATOMYSYNTH ANATOMY+5Music Business Worldwide+5Attack Magazine+5

Splice, backed by Goldman Sachs and valued at nearly $500 million in 2021, has grown significantly since its founding in 2013, offering an audio sample platform and tools for music producers. The acquisition of Spitfire Audio, renowned for its high-quality virtual instrument libraries, will allow Splice to integrate top-tier orchestral sounds into its catalog, expanding the creative possibilities for its users .Financial TimesMusic Ally

Although no other acquisitions by Splice have been reported so far, the company has expressed interest in expanding into the $7 billion music software and services sector, suggesting that future acquisitions could be considered to consolidate its market position .

Translated with DeepL.com (free version)

 

Fuck 'em

 

I wish them well. Nobody has to like or dislike anything or anyone to do that.

 

The writing was on the wall after Christian Henson revealed he was a bit of a jerk.

 

Splice paid around $50 million to acquire Spitfire.

This is cheap especially when comparing with the hi tech sector where many startups are acquired for at least $300 million. And of course, you have companies like Google or Meta that won't have any problem to drop a billion dollars to make sure they are getting the next big thing.

I'm also surprised by Spitfire's financial health as I thought they were in a much better place. Actually, it kind of remind me of Fiat buying Ferrari, and not the other way around.

 

They lost their way after Christian left, and it was entirely predictable, he was the heart of the company. The rest of the people felt like logistics people.