Spotify to Acquire Leading Audiobook Platform Findaway
Audio streaming giant Spotify has acquired our successful partner Findaway, making the next step in becoming the world’s leading audio platform.
Here is what Spotify’s Chief Research & Development Officer Gustav Söderström said about the acquisition:
“It’s Spotify’s ambition to be the destination for all things audio both for listeners and creators. The acquisition of Findaway will accelerate Spotify’s presence in the audiobook space and will help us more quickly meet that ambition. 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.”
This is definitely a major development for the audiobook industry and one that we are very excited about.
You can read more about this topic in the Spotify newsroom.
But that’s not the only news that had the industry, including us, stare disbelievingly at our screens:
Storytel acquires Audiobook.com
By acquiring Audiobook.com the Swedish Audiobook Streaming Group Storytel enters the US market which is the largest English-audio market in the world. This step is part of Storytel plan to expand their business into well-established markets.
Read more about it here.
We can’t wait to see what else the future has in store for the audiobook industry!