Spotify’s catalogue is set to expand, as the company has announced that it plans to acquire audiobook platform Findaway. As well as having a library of over 325,000 titles, Findaway also distributes audiobooks to different platforms, and pairs authors with narrators – which means audiobook creation could become yet another revenue stream for Spotify. Speaking to The Verge, Spotify’s head of audiobooks Nir Zicherman said that the acquisition will “accelerate the addition of an audiobook catalog onto the platform so that users can effectively get all of the audio content that they want all on one platform”.
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