StockNews.AI
SPOT
TechCrunch
159 days

Spotify launches a program to publish audiobooks from independent authors

1. Spotify expands audiobook program, inviting submissions for short-form stories. 2. Authors will receive advances and royalties from selected audiobooks. 3. Spotify aims to compete more directly with Audible in the audiobook market. 4. Submissions focus on romance, mystery, and sci-fi genres, excluding erotica. 5. The move continues Spotify's expansion in digital content beyond music and podcasts.

4m saved
Insight
Article

FAQ

Why Bullish?

Spotify's strategic growth into audiobooks can enhance user engagement and diversify revenue, much like past expansions into podcasting strengthened its market position.

How important is it?

This development positions Spotify to capture new audiences and drive subscription growth, critical in a competitive market.

Why Long Term?

The audiobook sector's growth trajectory and Spotify's commitment signal sustained competitive positioning, reminiscent of Netflix's investment in original content.

Related Companies

Related News