BandLab also has confirmed to CDM that some former Cakewalk team members will join the new company. So Cakewalk’s codebase, product line, trademarks, everything go to BandLab. If the Nashville Post numbers are correct, it seems this will make little difference to Gibson’s debts, but that’s another story. There’s no word on what those assets are, and BandLab say they’re not making any additional announcement about the specifics – so we don’t know how much cash Gibson got or what those assets were. Signapore-based BandLab announced they’ve acquired the “complete” intellectual property and “certain assets” in a deal with Gibson. So, while they discontinued operation of their Cakewalk division, apparently they had not found a buyer for one of pro audio’s biggest names.

A developer of online and mobile music creation tools has snapped up the former PC DAW maker’s complete intellectual property.Īs I wrote earlier this week, Gibson Brands, the guitar maker-turned-wannabe consumer electronics giant, is hard up for cash.

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