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Spotify launches a program to publish audiobooks from independent authors
Spotify has launched a new program allowing independent authors to submit short stories for audiobook publishing, focusing on romance, mystery, thriller, and sci-fi or fantasy genres. The company will handle production and distribution, offering authors an advance and royalties. This initiative aims to compete with Audible while expanding Spotify’s unique audiobook catalog.
Key points
- Spotify has initiated a publishing program for independent authors.
- Authors can submit stories in romance, mystery, thriller, sci-fi, or fantasy genres.
- Selected authors will receive an advance payment and royalties.
- Submissions should be novellas of 10,000 to 20,000 words and authors must hold audio rights.
- Spotify aims to compete with audiobook giant Audible, which offers exclusive content.
- This follows Spotify's acquisition of audiobook distributor Findaway in 2021, enhancing its audiobook offering.
Why it matters
- In 2023, Spotify expanded its audiobook services for Premium subscribers, allowing 15 hours of free listening.
- The rise of audiobooks as a popular format mirrors broader trends in the publishing industry.
- Spotify's entry into audiobooks reflects a growing competition among content providers for audio storytelling.
- The trend towards AI-generated audiobooks, like those from ElevenLabs, indicates technological advancements in narration.
Spotify's new program positions the platform to compete aggressively in the audiobook market, seeking to diversify its offerings while capitalizing on the growing demand for audiobooks in various genres.