Splice acquires Spitfire Audio for a reported $50 million

Posted Monday at 09:27 AM3 days

CTW Publishers

In a bid to expand its reach into the plugin market, Splice has acquired British virtual instrument library purveyor Spitfire Audio for a reported $50 million, according to the Financial Times [via Music Business Worldwide].

In a press release shared with MusicTech, the company says its decision to purchase Spitfire comes as the plugin market is valued at $640 million, and the wider music software and services sector “exceeds $7 billion”...

The post Splice acquires Spitfire Audio for a reported $50 million appeared first on MusicTech.

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