It's been revealed that Spotify has acquired SoundBetter, a company that allows music professionals to buy and sell services such as mixing and mastering.
SoundBetter launched in 2012 and allowed artists and music professionals to buy and sell music services such as recording, studios, songwriting, mixing, and mastering.
In a press release, SoundBetter co-founder and CEO Shachar Gilad said, "SoundBetter offers the most comprehensive global marketplace for music and audio production professionals for hire in the world along with a member community spanning 176 countries and 14,000 cities worldwide. We are excited to benefit from Spotify’s global scale, resources, and vision to expand our network and drive more economic opportunities for artists of all levels."
At the time of writing this article, the terms of acquisition have not yet been released.
Spotify will merge SoundBetter into their Spotify for Artists group. Beckwith Kloss, Spotify’s VP product, creator said, "We’re excited that creators can generate income through SoundBetter, as well as benefit from its network of top professionals - from instrumentalists to songwriters to producers - as they perfect their tracks."