Spotify building audiobook platform as Apple service rumored
Excellent news for followers of Spotify and audiobooks. Spotify has announced it plans in building an audiobook platform as its subsequent enterprise enterprise. This information comes after the music and podcast streaming platform acquired audiobook platform Findaway final yr.
A “huge alternative” for Spotify
Findaway’s audiobook platform permits authors to create, distribute, and monetize their work. In accordance with its website, it affords “full-service managed manufacturing for audiobooks and different audio codecs.”
This acquisition will function the proper stepping stone for Spotify because it dives into a brand new trade. CEO Daniel Elk expects audiobooks to be a “huge alternative” for Spotify because it continues to determine itself as an trade chief.
We see the chance to proceed to think about and discover new verticals throughout our platform—inside audio, but additionally past.
Apple might launch audiobooks as effectively
Spotify and Apple might go head-to-head in one more service as Apple might launch its personal devoted audiobook service. As we beforehand reported, an article from The Economist mentions Apple’s position within the streaming battle competitors. It additionally mentions a potential subsequent transfer for the tech large.
Prior to now couple of years Apple has made smaller media bets together with Arcade, a subscription gaming bundle, Information+, a publishing bundle, and Health+, which affords video aerobics lessons. There may be speak of an audiobooks service later this yr.
Bloomberg’s Mark Gurman has additionally reported in Energy On that followers ought to anticipate extra companies from the corporate in 2022.
Findaway deal not but remaining
Moreover, The Verge brings up an necessary level – the Findaway deal has not formally closed. The acquisition befell in November of final yr and continues to be underneath overview by the Division of Justice’s antitrust division. A date for the discharge of the audiobooks service has but to be introduced.
9to5Mac’s Take
As Spotify is constructing its audiobook platform, it appears inevitable that Apple will launch its personal service. Whereas it affords audiobooks on Apple Books, it’s not its personal service like Amazon’s Audible as an illustration. Each firms provide a number of competing companies already like podcasts and music streaming. With that in thoughts, there’s no method Apple will let Spotify reign supreme in audiobooks.
Apple vs. Spotify – which one do you select?
