Spotify Technology SA has acquired music production marketplace SoundBetter, the music streaming service. New York-based SoundBetter will become part of the Spotify for Artists feature, which provides insights, profile management, and promotion tools to artists and their teams. SoundBetter’s platform allows the hiring of musicians, audio engineers, producers, and songwriters. The company was formed in 2012 and has over 180,000 artists registered on its network, according to the statement. Spotify’s monthly active users, which included its ad-supported free version, surged 29% to 232 million people in the second quarter.
