STOCKHOLM — Music streaming company Spotify has bought online music and audio recording studio Soundtrap, it said on Friday, declining to give financial details of the deal.
Stockholm-based Soundtrap allows its subscribers to have an online music studio and create music together with other people in real time, its website says.
”Soundtrap's rapidly growing business is highly aligned with Spotify's vision of democratising the music ecosystem," Spotify said in a statement.
This is a really interesting deal for music technology education. Spotify is a major player in the music streaming space and is well known to the major public. I can definitely see how Soundtrap fits into Spotify’s vision. But it will be interesting to see what they actually do with it, and if it has any influence over Soundtrap’s usefulness in the music classroom.