Spotify Acquires SoundBetter, the Leading Music and Audio Production Talent Marketplace
Spotify Technology S.A. (NYSE:SPOT), the world’s most popular audio streaming subscription service, today announced that it has acquired SoundBetter, a leading global audio production and collaboration marketplace helping creators worldwide connect and hire top audio professionals. Terms of the transaction were not disclosed.
“As we build out our tools for creators, we want to give them the resources they need to thrive. SoundBetter has the same vision,” said Beckwith Kloss, VP Product, Creator at Spotify. “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.”
SoundBetter taps into the growing market of audio professionals looking to create better sounding content and searching for partners to advance their work. Since its founding in 2012, SoundBetter has helped tens of thousands of music professionals buy and offer services across the globe. It has a community of more than 180,000 artists registered on its network.
“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,” said SoundBetter Co-Founder and CEO Shachar Gilad. “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.”
Spotify continues to invest in developing powerful tools to help creators create, connect and grow their audience, and have an opportunity to live off their work. SoundBetter will join the Spotify for Artists family to work toward this mission. Spotify for Artists provides valuable services like insights, profile management and promotion tools to the more than 400,000 artists and their teams using the platform today. This acquisition will give the artists and their teams on Spotify for Artists the chance to discover SoundBetter — as a way to find collaborators, produce great music or generate additional income.
SoundBetter is the world’s leading music production marketplace, helping musicians worldwide connect and hire top music pros so they can get to great-sounding release-ready songs.
With tens of thousands of top Singers, Producers, and Mixing & Mastering Engineers, including dozens of Grammy Award winners, SoundBetter has the most comprehensive community of vetted music production pros for direct hire in the world, and a member group spanning over 14,000 cities worldwide.
With its transparency, verified reviews, trust, top-tier talent and growing customer base, SoundBetter has become the defacto LinkedIn for music professionals.
About Spotify Technology S.A.
Spotify transformed music listening forever when we launched in 2008. Our mission is to unlock the potential of human creativity by giving a million creative artists the opportunity to live off their art and billions of fans the opportunity to enjoy and be inspired by these creators. Everything we do is driven by our love for music.
Discover, manage, and share over 50 million tracks for free, or upgrade to Spotify Premium to access exclusive features including offline mode, improved sound quality, Spotify Connect and ad-free listening.
Today, we are the world’s most popular audio streaming subscription service with a community of more than 232 million users, including 108 million Spotify Premium subscribers, across 79 markets.
For more information, images, or to contact the press team, please head over to our press page at https://newsroom.spotify.com/.
We would like to caution you certain of the above statements represent “forward-looking statements” as defined in Section 27A of the United States Securities Act of 1933, as amended, and Section 21E of the United States Securities Exchange Act of 1934, as amended. The words “may,” “might,” “will,” “could,” “would,” “should,” “expect,” “plan,” “anticipate,” “intend,” “seek,” “believe,” “estimate,” “predict,” “potential,” “continue,” “contemplate,” “possible,” and similar words are intended to identify estimates and forward-looking statements. We intend such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995 and include this statement for purposes of complying with the safe harbor provisions. Such forward-looking statements involve significant risks, uncertainties and assumptions that could cause actual results to differ materially from our historical experience and our present expectations or projections, including but not limited to the following known material factors: our ability to attract prospective users and to retain existing users; our dependence upon third-party licenses for sound recordings and musical compositions; our lack of control over the providers of our content and their effect on our access to music and other content; our ability to generate sufficient revenue to be profitable or to generate positive cash flow on a sustained basis; our ability to comply with the many complex license agreements to which we are a party; our ability to accurately estimate the amounts payable under our license agreements; the limitations on our operating flexibility due to the minimum guarantees required under certain of our license agreements; our ability to obtain accurate and comprehensive information about music compositions in order to obtain necessary licenses or perform obligations under our existing license agreements; potential breaches of our security systems; assertions by third parties of infringement or other violations by us of their intellectual property rights; competition for users and user listening time; our ability to accurately estimate our user metrics and other estimates; risks associated with manipulation of stream counts and user accounts and unauthorized access to our services; changes in legislation or governmental regulations affecting us; ability to hire and retain key personnel; our ability to maintain, protect, and enhance our brand; risks associated with our international expansion, including difficulties obtaining rights to stream music on favorable terms; risks relating to the acquisition, investment, and disposition of companies or technologies; dilution resulting from additional share issuances; tax-related risks; the concentration of voting power among our founders who have and will continue to have substantial control over our business; risks related to our status as a foreign private issuer; international, national or local economic, social or political conditions; risks associated with accounting estimates, currency fluctuations and foreign exchange controls; and such other risks as set forth in our filings with the United States Securities and Exchange Commission.
About Business Wire
For more than 50 years, Business Wire has been the global leader in press release distribution and regulatory disclosure.
Subscribe to releases from Business Wire
Subscribe to all the latest releases from Business Wire by registering your e-mail address below. You can unsubscribe at any time.
Latest releases from Business Wire
New Arthur D. Little Report Reveals Global CEOs’ First Learnings From COVID-19 Pandemic6.4.2020 12:13:00 EEST | Press release
Global management consultancy Arthur D. Little (ADL) today released first learnings from global CEOs in the telecoms, transport and utility industries who delivered critical infrastructure services in Asia and Italy during the early spread of COVID-19. The Leading businesses through the COVID-19 crisis: First learnings from Hong Kong, Italy and Singapore Report is available free to help businesses facing the worst of COVID-19 deliver vital goods and services safely. The report urges companies to put people before short-term profits, avoid step-by-step measures, delegate authorities, intensify employee communications efforts, and work closely with governments, authorities and communities. “We can learn from one another, build resilience in our economy, and emerge from this crisis ready to innovate and restore,” said Ignacio García Alves, Chairman and CEO of Arthur D. Little. “This report gives CEOs unique peer-to-peer insight from leaders who maintained effective operations through the
flatex AG: Best Quarter Ever - Volatility Brings Absolute Record Growth6.4.2020 10:05:00 EEST | Press release
The outstanding development since the beginning of the year at flatex AG (WKN: FTG111, ISIN: DE000FTG1111, Ticker: FTK.GR) and DEGIRO continues on a sustained basis. flatex and DEGIRO gained more than 170,000 new customers on a pro forma basis in Q1 2020. 35,000 new customers (+218% compared to Q1/2019) opted for flatex and more than 135,000 customers opted for DEGIRO (+385% compared to Q1/2019). In the first quarter, flatex Bank processed 6.5 million securities transactions (+123% compared to Q1/2019), DEGIRO processed 10.8 million securities transactions (+134% compared to Q1/2019). The total number of transactions on a pro forma basis increased by almost 130% compared to the same quarter last year (pro forma Q1/2019: 7.5 million transactions) to 17.3 million. "The first quarter was a very exceptional one, each month was a record month. The current volatility in the markets is extremely good for our business, despite the reason for the volatility being anything but nice. However, lik
World Parkinson’s Day 2020: BIAL launches new campaign ‘Don’t let Parkinson’s stop you. Keep on moving’6.4.2020 10:02:00 EEST | Press release
BIAL Pharmaceuticals has created a new film for World Parkinson’s Day 2020 to dispel the stigma around Parkinson’s and show the amazing achievements, breadth and diversity of people living with the condition. The film, “Keep on moving”, is the latest part of a worldwide campaign, launched by BIAL four years ago. The campaign aims to increase awareness and knowledge of Parkinson's Disease and to inspire and empower millions of people living with Parkinson’s around the world. Parkinson’s is a neurodegenerative disease that affects as many as 1.2 million people in Europe alone.1 As the disease progresses, everyday tasks such as bathing, dressing, eating, sleeping and even walking can become real challenges.2 The film aims to show that, despite this, Parkinson’s doesn’t need to define a person. It features consecutive sets of people doing what they love, whether it be playing the guitar, drumming, drawing or cooking. One person in each set has Parkinson’s and one does not. The focus is on
IDEMIA Ranked #1 in International NIST Benchmark for Iris Recognition6.4.2020 10:00:00 EEST | Press release
IDEMIA’s algorithms have been awarded the top rank amongst all studied companies in the IREX 10: Identification Track of the NIST benchmark assessing iris recognition performance for identification. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20200406005250/en/ (Photo: Business Wire) IDEMIA, the global leader in Augmented Identity, confirms its leadership position on the biometric identification market by proving the best one eye accuracy in iris recognition. Iris identification systems allows us to search users against a database of enrolled credentials and return their proper identities when matched. Jean-Christophe Fondeur, CTO of IDEMIA, stated: “The results of IREX 10 confirm IDEMIA's leadership in biometric research since the early 1980s, and the expertise of IDEMIA's teams in this field. Ranking first in iris recognition once more shows how advanced our technology is. We are proud to have been among the main contribu
FOSSID and BearingPoint Enter Strategic Partnership Around Open Source Software Governance6.4.2020 10:00:00 EEST | Press release
FOSSID, a leader in open source software compliance and security, and BearingPoint, a leader in open source management services, today announced their strategic partnership around free and open source software governance. After successfully cooperating in selected projects for more than two years, BearingPoint decided to choose FOSSID as its strategic provider of open source analysis tools. FOSSID’s technology provides high performance and accuracy in the code analysis services performed by BearingPoint. Whenever companies need to embrace free and open source software for speed of innovation, standardization, or quality, BearingPoint Business Services is there to efficiently help reduce risk and improve productivity. “Partnering with FOSSID helps us provide more value to our customers with higher speed and better accuracy,” says Donald Wachs, Head of BearingPoint Business Services. “Using FOSSID technology, we typically see more precise results with less redundancy, and we can speed up
SPIE Photonics Europe Digital Forum Set to Launch With Over 700 Presentations6.4.2020 09:00:00 EEST | Press release
SPIE, the international society for optics and photonics, will be holding its inaugural Digital Forum during the week of 6-10 April. SPIE Photonics Europe 2020, which was set to run in Strasbourg, France, from 29 March to 2 April, will now be held completely online via a virtual and interactive format. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20200405005011/en/ SPIE, the international society for optics and photonics, will be holding its inaugural Digital Forum during the week of 6-10 April. (Graphic: Business Wire) The SPIE digital forum platform was developed in response to the inability to hold in-person conferences due to the global spread of COVID-19. The forums ensure the timely continuation of information exchange and discussion opportunities that the Society’s optics and photonics community values and relies on to advance research, product development, and collaborations. SPIE Photonics Europe Digital Forum, an e
In our pressroom you can read all our latest releases, find our press contacts, images, documents and other relevant information about us.Visit our pressroom