The head of audiobooks at Spotify, Nir Zicherman, says this method of purchasing is just the beginning, stating “While we have ambitions to introduce new audiobook business models in the future, in speaking with partners across the industry, we felt that à la carte was the best way to begin activating audiobooks.” A vital component of the possible future business model is the audiobook company Findaway, which Spotify bought earlier this year. Through Findaway, amateur audiobook authors can produce audiobooks and make money from them. With the new Spotify audiobooks launch, amateur audiobook authors can upload their work to the app as they can with other audiobook platforms. In the future, though, Spotify may run ads within these self-published audiobooks, as amateur creators may be more willing to accept sponsors compared to major publishers. This could result in free audiobooks for readers. — Nir Zicherman (@NirZicherman) September 20, 2022 Find more news and stories of interest from the book world in Breaking in Books.
