Skip to main content

Spotify sets its sights on audiobooks with Findaway acquisition

Spotify is on its way to becoming an all-encompassing audio platform.

What you need to know

  • Spotify announced that it is acquiring Findaway.
  • Spotify plans to "supercharge" its audiobook distribution platform to "revolutionize the audiobook space."
  • The acquisition is expected to close by the end of the year.

Spotify is expanding its audio prowess with the purchase of Findaway, a leading audiobook platform. The platform is used for both audiobook distribution and self-publishing for independent authors.

The move represents the first significant step into a new endeavor for Spotify, which has dominated the audio space with music and podcasts on the best Android phones. Spotify's Chief Research & Development Officer, Gustav Söderström, said on Thursday that the acquisition will help accelerate Spotify's plans to break into audiobooks.

"We're excited to combine Findaway's team, best-in-class technology platform, and robust audiobook catalog with Spotify's expertise to revolutionize the audiobook space as we did with music and podcasts," he says.

Spotify has been working to boost its offerings in the audio space. Earlier this year, Spotify launched its paid subscription platform for creators to help monetize their podcasts, leveraging its ownership of Anchor, which it acquired in 2019. The company will likely leverage its latest acquisition in a similar manner.

This also isn't the first time Spotify has toyed with audiobooks, offering an exclusive audio experience for Harry Potter and the Philosopher's Stone in 2020. Earlier this year, Spotify launched its first collection of audiobooks in the form of classics read by celebrities.

Spotify did not disclose the financial details of the acquisition but noted that the audiobook industry is expected to grow to $15 billion by 2027, and the company obviously wants to be at the forefront of that growth. Spotify hopes to leverage its audio personalization and discovery expertise to build on Findaway's platform and drive innovation in the audiobook industry.

The deal is expected to close this quarter, pending regulatory approval.

Source: androidcentral

Popular posts from this blog

How to get the Microsoft experience on a Chromebook

Microsoft's dedication to Android translates to a great Chrome OS experience, too. Once upon a time, to get the best experience for Microsoft services, you needed to buy a Windows laptop . If you were on a budget laptop with lower specs, though, performance was slow, all tasks were tedious, and your productivity suffered. These days, though, the best Chromebooks offer excellent performance and less maintenance at lower price points. Thanks to the way Microsoft has worked to improve Microsoft apps and services across all platforms — from Macs to Android tablets to phones — you can still get most of the Microsoft goodies on a Chromebook. In fact, if you're on a tight computer budget, a Chromebook could be the best machine for Microsoft users — something even Microsoft acknowledges as it preps Windows 10X to better compete with Chrome OS. From productivity to playing games, here's how to get the best Microsoft experience on a Chromebook. Best of Microsoft on Chromeb

FCC approves broadband 'nutrition labels' to help you shop for internet

The FCC is pushing nutrition labels for internet providers. What you need to know The FCC has voted to move forward with new rules for ISPs to display nutrition labels. The proposed rulemaking would mandate ISPs to display relevant speed and pricing information to consumers. This should make it easier for consumers to make an informed decision on their broadband. The FCC voted unanimously on a plan that would allow consumers to make better decisions about their broadband internet. The proposal will require internet service providers (ISPs) - including many of the best wireless carriers in the U.S. — to display "nutrition labels" that display relevant service information for consumers at point-of-sale. This includes internet speeds, allowances, and clear information on rates. "If you walk into any grocery store and pull boxes of cereal from the shelves, you can easily compare calories and carbohydrates," FCC Chair Jessica Rosenworcel said in a statemen

Follow these steps to connect a Pro Controller to your Android phone

Playing games on your smartphone is one of the best ways to entertain yourself. However, it can be tough to play with some games when you're just tapping on a screen. Fortunately, it's possible to sync up a traditional controller. That's where it's nice to connect your Nintendo Switch Pro Controller and get playing on the best gaming phones . By the way, the Playstation 4 controller as well as the Xbox One controller are also compatible with Android devices, if you'd prefer to use one of those. Note: You will only be able to use a Pro Controller if your phone is running Android 10 and if the game you're playing supports controllers. Additionally, the process for syncing the controller with your phone will be different from one phone to the next. How to use Switch controller on Android: Sync Pro Controller to your phone via Bluetooth Do keep in mind that some Android games — including some of the most popular titles like Genshin Impact — don't act

Duke Nukem is getting a movie from some guys who could actually pull it off

The one true Duke. I wouldn’t be surprised if you have no idea who Duke Nukem even is — that’s how hard the classic video game franchise cratered a decade ago. Today, the character is mostly known as a punchline for video game vaporware jokes, about how Duke Nukem Forever spent 14 years in development hell only to become a huge flop. And yet for years now, Duke’s corporate owners have been whispering that a movie is coming, culminating in The Hollywood Reporter ’s story today : Legendary Entertainment has tapped Cobra Kai creators Josh Heald, Jon Hurwitz and Hayden Schlossberg to actually produce a feature film. I don’t quite know how to react! As a gamer who actually quite liked Duke Nukem , Duke Nukem II and Duke Nukem 3D, I absolutely agree that this movie should never be made because Duke Nukem has no depth and no story and was always designed to be a caricature . (Side note: the famous quote about coming to kick ass and chew bubblegum and being all out of gum? Like most