Spotify has purchased the small San Francisco-based company CrowdAlbum in a move to entire artists. The streaming service plans to use this acquisition to enhance products that help musicians understand and monetize their audiences.
CrowdAlbum launched in 2013. According to Crunchbase, CrowdAlbum only raised $100k from a single investor during its three years of existence. Spotify has not disclosed how much money exchanged hands.
CrowdAlbum provided a platform that aggregated photos and videos from performances.
Read MoreSpotify Buys Concert Photo And Video Aggregator 'CrowdAlbum' was written by the awesome team at Android Police.
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