Spotify users, look forward to audiobooks. Lots of audiobooks

The popular streaming platform Spotify has been trying hard in recent months and years to become a universal player not only for music, but for almost any audio content. Over time, for example, podcasts have been added to the songs, and it seems to be a service after a little knocking will also be in full swing on audiobooks. As with podcasts, where Spotify relies on Anchor and Gimlet, the company has plunged into a new segment by absorbing a different platform. And that is it Findaway.

“Spotify’s ambition is to be space for all audio content for both listeners and creators. The acquisition of Findaway will speed up Spotify’s entry into the audiobook space and help us meet this ambition faster. We are excited to join the Findaway team, a best-in-class technology platform robust catalog audiobooks, with our expertise, ”says Gustav Söderström, Director of Research and Development at Spotify, about the strategic move. Findaway’s turnover is expected to grow from the current $ 3.3 billion to $ 15 billion by 2027.

What do you think about audiobooks?

Source: Spotify