September 12 - 15:09
Spotify aims to diversify its offering with latest acquisition
Spotify has acquired music production marketplace, SoundBetter. SoundBetter allows producers and artists to connect on projects, as well as being a platform for people looking to distribute tracks to those who wish to license them. The platform has around 180,000 users and has paid out more than $19 million to musicians and producers to date. Financial terms of the deal have yet to be disclosed.
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