Spotify on Thursday acquired the music production marketplace SoundBetter. The Swedish company said that New York-based SoundBatter will become part of the Artist for Spots for Artist feature, which provides insight, profile management and promotion tools to artists and their teams.
SoundBatter’s platform allows musicians, audio engineers, producers and songwriters to be hired. According to the statement, the company was formed in 2012 and has over 180,000 artists registered on its network.
Monthly active users of Spotify, including its ad-supported free version, rose 29 percent to 232 million people in the second quarter.
“As we build our tools for creators, we want to give them the resources they need. SoundBatter has the same vision, “Beckwith Claus, VP Product, Creator at the Spotify at a Statement. “We’re excited that producers can generate income through SoundBatter, as well as benefit from their network of top professionals – from instrumentalists to songwriters to producers – as they complete their tracks.”
SoundBatter Co-Founder and CEO Shachar Guild said in a statement, “SoundBatter provides the most comprehensive global marketplace for rented music and audio production professionals in the world with a member community spanning 176 countries and 14,000 cities. ” “We are excited to leverage Spotify’s global scale, resources and vision to expand our network and drive greater economic opportunities for artists of all levels.”