Spotify to expand its audiobook offering

The music platform buys a company specializing in audiobooks to enrich its range of audiobooks and perhaps one day compete with Amazon Audible.

Spotify has announced its plan to acquire Findaway, a company specializing in the distribution and creation of audio books, or audiobooks. What offer a new source of income for Spotify which, in addition to distribution, can also edit such content.

The word to Nir Zicherman, head of the audiobooks division at Spotify

"With this acquisition, we will be able to accelerate the growth of an audiobook catalog on our platform so that users can have all the content they want on a single platform," said Nir Zicherman, at the head of the audiobooks division at Spotify, with our colleague The Verge.

The Spotify audiobook offering is expected to expand in early 2022, and the streaming service may launch a new subscription offering, similar to Amazon Audible.