Spotify sells Soundtrap. Founders buy back music creation service.

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Spotify sells Soundtrap

Founders buy back music creation service

Foto: Soundtrap

Spotify is now selling its cloud-based music studio service, Soundtrap, back to the founders of the company, Per Emanuelsson and Björn Melinder.

Spotify acquired Soundtrap in 2017 and has since continued to expand the service. For example, in 2019, they added the ability to use Soundtrap to create podcast tools, and last year they released a feature that allowed users to make music together live.

There is no information available on how much the founders are paying to buy back Soundtrap from Spotify.

musically.com

Internet,

Spotify, Soundtrap, founders, Per Emanuelsson, Björn Melinder

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