There’s no doubt that Spotify is the largest audio streaming platform in the world, providing quality services for many years. It has some amazing features that make it different from other competitors.
As we all know, Spotify has tons of music and podcasts you can’t finish listening to. Now, the CEO and Founder of Spotify, Daniel Ek, has announced that it will launch Audiobooks on its platform.
The news came on Monday, and we learned that it’d be adding a library of 300000 audiobooks on its platform. So, the other players in the audiobook market have to compete with Spotify.
What did Spotify Say?
The CEO of Spotify stated that audiobooks only represent less than a 7 percent share of the wider book market.
The head of audiobooks at Spotify said, “We believe we have the potential to expand the audience for audiobooks massively,” He also added that just as Spotify has changed the way that people create and listen to music and podcasts, they believe they can do the same thing over the time with audiobooks by offering new formats, new ways to interact with content and new ways to discover.
Their future vision must be clear, and they will surely try to dominate the audiobook market.
Everything You Need To Know About Spotify’s Audiobook
Users from the U.S. can easily find audiobooks on their Spotify account in the library section or search for an audiobook.
Spotify said the audiobooks would show up with a lock icon on the play button. That means you need to purchase that before you can listen to that audiobook. Once you purchase the audiobook, you can play it. Spotify will also store audiobooks in the library.
You can download any audiobook for offline listening. It also saves the progress of the audiobook; you can continue later where you left.
You can also speed up or slow down your listening speed. Spotify has also added a rating feature to rate the audiobook.
Will Spotify lead the audiobook market?
Spotify has done that in the past with podcasts. They dominate the podcast market and will continue doing that in the audiobook too.
The audiobook team of Spotify has done much research and testing before launching this feature. They have a full-proof plan to market audiobooks.
The audiobook feature will surely uplift the authors and the publishers as they can directly earn money from Spotify by uploading audiobooks. Spotify hopes that it’ll make its users habituated to audiobooks. Spotify has launched the first version of audiobooks in the U.S. It is expected to be launched soon worldwide.