Home Tech Spotify acquires audiobook platform Findaway | Engadget

Spotify acquires audiobook platform Findaway | Engadget

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Spotify acquires audiobook platform Findaway | Engadget

Spotify may quickly be house to much more audiobooks. The streaming service has acquired audiobook platform Findaway, the businesses introduced. Terms of the deal weren’t disclosed, however the acquisition suggests Spotify is trying to construct out its personal library of audiobook titles.

Findaway is an Ohio-based firm that boasts a catalog of greater than 325,000 titles, based on its web site. The firm with Apple, Amazon and different retail heavyweights, and likewise makes instruments for audiobook creators. While it’s not but clear how Spotify may combine Findaway’s catalog into its personal service, the corporate mentioned in an announcement that the deal would assist it “quickly scale its audiobook catalog” and create new alternatives for authors and publishers.

The acquisition isn’t Spotify’s first foray into audiobooks. The firm has beforehand experimented with a handful of public area classics, and a audiobook in the beginning of coronavirus lockdowns in 2020. But the acquisition alerts the streaming platform now has a lot higher ambitions within the area. The transfer additionally echoes Spotify’s method to podcasts, as the corporate used a to construct out its and creation instruments. So whereas it’s up to now unclear what precisely Findaway means for Spotify subscribers and would-be audiobook listeners, it appears there are much more audiobooks within the firm’s future.

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