Splice, the leading platform for music creation, has officially acquired Spitfire Audio, the renowned UK-based developer of high-end virtual instrument libraries. The deal, reportedly valued at around $50 million according to Music Business Worldwide, marks a major expansion for Splice as it moves into the rapidly growing plugin space.
The acquisition combines two major forces in music production. Splice, home to a catalog where over one million sounds are downloaded daily, serves a community of more than 10 million creators. Meanwhile, Spitfire Audio, founded in 2007, is revered for its cinematic soundscapes and partnerships with world-class composers and studios like Hans Zimmer, the BBC Symphony Orchestra, and Abbey Road Studios.
Splice’s move into plugins taps into a lucrative market. The plugin segment alone is valued at $640 million, while the wider music software and services sector exceeds $7 billion. With the music creation market projected to nearly double to $14 billion by 2031 (according to MIDiA Research), Splice is positioning itself for long-term growth. The company already sees 40% of its users engaging with its AI-powered tools, and it plans to integrate Spitfire Audio’s orchestral expertise with its own AI-driven discovery engine.
“The teams at Spitfire Audio and Splice have deep respect for composers, musicians and producers and are committed to celebrating and supporting their work”, said Kakul Srivastava, CEO of Splice. “We’re both sound-first, creator-led companies who believe great software and technology can supercharge the creative experience. Our shared vision is to develop tools that expand—not replace—human creativity,” Srivastava added. “With Spitfire’s expressive instruments and Splice’s AI-powered platform, we’re just beginning to explore what’s possible.”
The companies are set to start work on new products that blend Spitfire Audio’s cinematic soundscapes and orchestral expertise with Splice’s sample catalog and AI-powered discovery engine. “We’ve always focused on inspiring people to create extraordinary music,” said Paul Thomson, Co-Founder of Spitfire Audio. “With Splice, we can now bring that inspiration to a whole new generation of artists, producers, and storytellers.”
Olivier Robert-Murphy, CEO of Spitfire Audio, will continue to lead the company, reporting to Srivastava, while Spitfire’s co-founder, Paul Thomson, will stay on to oversee creative direction. Both companies will continue to operate independently in the near term.