Spotify plans to introduce audiobooks to new markets and add new features after the initial U.S. Once a book is purchased, users will be able to bookmark their place in the audiobook, control their listening speed and download the content for offline listening. Try for 0. The audiobooks will feature a lock icon over the play button to indicate that they need to be purchased. 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 best-selling. Speechify is the Best Audiobook App of 2023 150k 5 star reviews 20M+ downloads Get your first audiobook for 0.00 Listen at up to 4.5x speed Unlimited listening to our Classics. Spotify users interested in listening to audiobooks can find them in their search, library and their curated recommendations on their homepage.
Other competitors include Apple, Google, and Rakuten, which has partnered with Walmart.
The move also vaults Spotify into more direct competition with Amazon -owned Audible, which was the market leader in 2018 with 41% market share, according to Codex Group, and Amazon also sells e-books under its own brand. Zicherman said the segment is growing by about 20% year over year despite making up just a 6% to 7% share of the current book market. One of the most beloved stories of all time is Pride and Prejudice. Please check them out in detail one by one. The company decided to introduce audiobooks because they represent a "substantial untapped market," Nir Zicherman, Spotify's vice president and global head of audiobooks and gated content, said in Tuesday's release. Listen on Spotify: Even most of those who really never have time to read a book usually have more than enough time to listen to one. In this part, you will get the 10 best Spotify audiobooks in detail. Personal Loans for 670 Credit Score or Lower Personal Loans for 580 Credit Score or Lower
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