The intellectual property of Cakewalk is now in the hands of BandLab Technologies. Established in 2016, BandLab Technologies is headquartered in Singapore and is looking to acquire some bargain music companies to add to their portfolio.
The group’s primary product is actually BandLab, a social music platform that enables creators to make music and share the creative process with other musicians and fans. Other notable brands within the portfolio include Rolling Stone, the world’s leading voice in pop culture and music since 1967, MONO, an award-winning music lifestyle product company, and Swee Lee, Asia’s leading online retailer and distributor of musical instruments and pro-audio brands.
BandLab Technologies is now the proud owner of “certain assets and the complete intellectual property of Cakewalk Inc. from Gibson Brands.” Gibson, who is in a tailspin with a looming $560 million debt coming due this summer, is looking to unload several “bad decisions” prior to that margin call.
“We are very excited to be bringing Cakewalk Inc’s products into the BandLab Technologies stable. Cakewalk has been an industry leader in professional music software, delivering cutting edge technology that has empowered producers and artists alike around the world for more than 30 years. We have immense respect for Cakewalk’s legacy and the incredible community of people who love the brand and rely on its products in both their personal and professional lives,” stated Meng Ru Kuok, CEO of BandLab Technologies. “The teams at both Gibson and BandLab felt that Cakewalk’s products deserved a new home where development could continue. We are pleased to be supporting Cakewalk’s passionate community of creators to ensure they have access to the best possible features and music products under the BandLab Technologies banner.”
The deal includes only the transfer of Cakewalk Inc.’s assets and intellectual property. No other details of the deal have been released. However the question begs: Will Cakewalk’s IP just be rolled into BandLab, or will Sonar continue to stand on it’s own?
BandLab Technologies
