Spotify gives 300,000 audiobook titles for buy
New York: Spotify introduced Tuesday that it’s providing 300,000 audiobook titles for a la carte buy to US customers of the platform.
The Swedish firm´s resolution to supply audiobooks on a pay-per-download foundation is a departure from the month-to-month subscription mannequin it makes use of for music and podcasts.
Customers will purchase audiobooks through a separate webpage, after which the acquisition might be out there of their Spotify libraries, the corporate stated in an announcement.
Earlier this summer time the streaming platform indicated that the profitable audiobook market was the following one it aimed to beat. Final yr they acquired the audiobook distributor Findaway.
Nir Zicherman, Spotify´s Vice President and International Head of Audiobooks and Gated Content material, stated the brand new providing “is simply the primary iteration of audiobooks on Spotify.”
He stated it´s a place to begin to broaden availability to different markets, and construct relationships with publishing homes and broaden the collection of titles.
All the present audiobooks already existed — none have been produced by Spotify immediately.
Spotify had beforehand made some inroads into audiobooks, providing a number of free titles.
In 2020, the corporate posted a free audio model of the primary quantity of “Harry Potter,” which was learn by stars resembling Daniel Radcliffe, who performed the bespectacled younger wizard within the film.
Spotify´s growth locations it in competitors with different audiobook giants together with Audible, an arm of Amazon, which at the moment dominates the market.
Grand View Analysis says the worldwide marketplace for audiobooks might develop sevenfold by 2030 to achieve a price of $35 billion.