#spotify acquisition

Spotify is bolstering its services by diving into audiobooks with the acquisition of Findaway, a global leader in digital audiobook distribution. Spotify didn't mention any figures for the acquisition but said that it will accelerate the company's entry into the audiobook space. Findaway's technology infrastructure will also enable Spotify to quickly scale its audiobook catalog and innovate on the experience for consumers, as well as provide new avenues for publishers and authors to reach audiences around the globe. “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,” said Gustav Söderström, Spotify’s Chief Research & Development Officer. Spotify is making it easier for everyone to listen to podcasts thanks to the help of AI. But with the use of AI, Spotify will now be able to translate the podcast into your native language. Spotify says the AI voice will match the original speaker’s style of speaking, “making for a more authentic listening experience”. Read more in our articles including "Spotify to acquire audiobook platform Findaway" and "Spotify will use AI to translate podcasts into your language".