Yes, the applications work is much pretty the same. I have checked both descriptions of Record Beta and ProTools and I have come to conclusion that the applications are primary used for music producing using various features. Of course, you won't have the same features in both apps, but their primary usage is producing music. To check this information, visit their websites below:
Record Beta (software is now known as Reason): https://www.propellerheads.se/reason
ProTools: http://www.avid.com/US/products/family/pro-tools