Spotify is buying audiobook platform Findaway

Spotify has introduced that it is buying audiobook platform Findaway, the corporate has not revealed how a lot it is going to be paying for the platform.

This could possibly be a very good buy for Spotify as it’s going to permit them to supply audiobooks in addition to music and podcasts and will assist them improve their subscriber numbers.

Findaway works throughout all the audiobook ecosystem with a platform and choices that serve authors, publishers, and customers of this quickly rising business, which is anticipated to develop from $3.3 billion to $15 billion by 2027. In addition to providing the biggest catalog of distributed titles, Findaway has actively labored to democratize audiobooks by means of main expertise instruments out there for unbiased authors to create and convey their tales to life. We plan to construct on Findaway’s important innovation within the house, and we’re going to supercharge its progress, bringing all the things Spotify is aware of round personalization and discovery whereas additionally innovating on format, supply, creator instruments, and extra.

Together, Spotify and Findaway will speed up Spotify’s entry into the audiobook house and proceed to innovate the business, working to take away present limitations and unlock higher financial instruments for creators. Findaway’s expertise infrastructure will allow Spotify to shortly scale its audiobook catalog and innovate on the expertise for customers, concurrently offering new avenues for publishers and authors to succeed in audiences across the globe.

You can discover out extra particulars concerning the deal between Spotify and Findaway over a their web site on the hyperlink under.

Source Spotify

Filed Under: Technology News, Top News

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