17.3 C
London
Tuesday, June 25, 2024

Spotify seems to be planning free audiobook trials for subscribers

Must read

- Advertisement -


Spotify is planning on rolling out a free audiobook trial for subscribers, The Wall Street Journal reports. The pilot program will function titles from a number of the largest US publishers, and customers can anticipate as much as 20 hours of listening — roughly two audiobooks — monthly.

Spotify first started offering audiobooks last year after buying Findaway, an audiobook platform. The primary distinction is it’s thus far been utilizing a pay-per-download mannequin. Nonetheless, because the WSJ notes, customers needed to buy audiobooks by way of an internet browser in an try to avoid Apple’s 30 % fee for in-app purchases. The pilot program will as a substitute enable customers to obtain books instantly inside the app.

This system will purportedly roll out to English-speaking nations first on a restricted foundation, and the checklist of accessible titles is anticipated to be “broad.” It’s much less clear how Spotify goals to compensate publishers, although the WSJ report notes they could obtain cost based mostly on how lengthy customers spend listening to books.

As with podcasts, Spotify’s foray into audiobooks is supposed to assist broaden its companies past music streaming whereas bringing in additional income streams. On this case, it’s an apparent problem to Amazon’s Audible service, which has a chokehold on the audiobook market. As of 2022, Audible held 63.4 percent of the audiobook market, with roughly $1.8 billion in gross sales.



Source link

More articles

- Advertisement -

Latest article