Spotify has bought online music and audio recording studio Soundtrap

Spotify is aiming to file its intention to float with U.S. regulators toward the end of this year to list in the first or second quarter next year.

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, reports Reuters.

“Soundtrap’s rapidly growing business is highly aligned with Spotify’s vision of democratizing the music ecosystem,” Spotify said in a statement.

Spotify is aiming to file its intention to float with U.S. regulators toward the end of this year to list in the first or second quarter next year, sources said in September.

Avatar

This article has been posted by a News Hour Correspondent. For queries, please contact through [email protected]
No Comments

Translate this News

Join the Facebook Group

Click here to join the Facebook group of News Hour

Popular Posts

Advertisement

News of the Month

November 2017
S M T W T F S
« Oct   Dec »
 1234
567891011
12131415161718
19202122232425
2627282930  
Scroll Up
%d bloggers like this: