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Spotify acquires Findaway, an audiobook distribution and creative service

12 November 2021 0

Spotify started off as a music streaming company but in 2019, it expressed its ambition to become an audio-first company. It simply wants to be a single destination for all sorts of audio-only needs of users. This is the reason it expanded to podcasts earlier this year and now, the company has announced plans to venture into audiobooks.

As per a new blog post, Spotify has officially acquired Findaway which is a platform dedicated to audiobook distribution and creative services. It deals with authors, publishers, and consumers and provides them with relevant services. It started off way back in 2004 and is committed to democratizing audiobooks.

Findaway helps authors, even first-timers, connect with global audiobook publishers like Apple, Google, Scribd, Audible, Nook, Rakuten Kobo, Storytel, Overdrive, and Audiobooks.com. It even helps them meet narrators for converting books into audiobooks that people would love listening to.

Gustav Söderström, Chief R&D Officer at Spotify said,

“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.”

The partnership between the two parties will allow Spotify to deliver audiobooks directly through the main app. It is unknown whether it will also provide an audiobook creation service. Nevertheless, we should get these answers during early 2022 when the integration will start to become live in the Spotify app.



Spotify acquires Findaway, an audiobook distribution and creative service
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