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Spotify launches an ElevenLabs-powered audiobook creation tool
Spotify has launched an ElevenLabs-powered audiobook creation tool for its Spotify for Authors platform, allowing authors to self-publish without exclusive contracts. The feature will begin beta testing this June, expanding language support and incorporating advanced voice models. As Spotify enhances its audiobook offerings and user engagement, it aims for over $100 million in annualized revenue from Audiobook+ subscriptions.
Key points
- Spotify introduced a new AI tool for audiobook creation at its Investor Day event, powered by ElevenLabs.
- The feature launches in beta in June 2025 and initially supports only English.
- Authors are not bound by exclusive contracts and can publish audiobooks elsewhere.
- Spotify's audiobook catalog has grown to 700,000 titles, and it has seen a 60% increase in listening hours year-on-year.
- The platform has over a million Audiobook+ subscriptions and aims for $100 million in annual recurring revenue.
- New language support includes 10 additional languages and allows for enhanced user interaction in audiobook discovery.
Why it matters
- The rise of AI tools in publishing reflects a broader trend in 2025 where technology is reshaping content creation.
- Partnerships with companies like ElevenLabs enhance audio quality, a crucial factor in user engagement and market growth.
- Spotify's expansion into audiobooks aligns with the increasing demand for digital content and self-publishing solutions post-pandemic.
In conclusion, Spotify's innovative steps in audiobook creation demonstrate its commitment to authors and expanding its content library, positioning itself for significant growth in an evolving digital media landscape.