The music-streaming company transformed the music industry when it gave listeners access to a seemingly limitless catalog of songs through its streaming music service more than a decade ago. Now Spotify's move into audiobooks could reshape what has become a rapidly growing category for publishers
Spotify made the lucrative audiobook market more competitive on Tuesday, when it debuted a new hub on its app with more than 300,000 titles, among them books by bestselling authors like Colleen Hoover, Michelle Obama and Stephen King.
The company transformed the music industry when it gave listeners access to a seemingly limitless catalog of songs through its streaming music service more than a decade ago. Now Spotify’s move into audiobooks could reshape what has become a rapidly growing category for publishers.
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