Spotify acquires online music recording studio startup Soundtrap

Spotify has made another acquisition as it sets out to offer artists services beyond basic streaming. The company announced that it has acquired Soundtrap, an online music recording studio startup. Soundtrap's services, however will continue to operate as usual.

Based in Stockholm, Soundtrap was founded by Björn Melinder, Fredrik Posse, Gabriel Sjöberg and Per Emanuelsson, as the world’s first web-based, cross-platform collaborative music recording studio. The move signals Spotify’s intentions to not just be a distributor of streaming music and other audio, but also to help facilitate its creation.

"The essence of Soundtrap is to give easy-to-use, collaborative, music-making capabilities to anyone with an electronic device and a passion for music," Soundtrap said in a blog post. The idea is that users can save projects to the cloud, then access and edit from any number of supported devices. Soundtrap is “highly aligned with Spotify’s vision of democratizing the music ecosystem”, Spotify said in a statement.

The terms of the deal were not disclosed. According to Soundtrap's post, its entire team will be joining Spotify as a result of the acquisition.