Tag: audiobooks

Spotify Closes Acquisition of Findaway, a Global Leader in Audiobooks

June 16, 2022

Today, we’re excited to share that Spotify has closed the acquisition of Findaway, a global leader in digital audiobook distributions. As our CEO, Daniel Ek, said at our 2022 Investor Day last week, “We believe that audiobooks, in their many different forms, will be a massive opportunity.” Now, with Findaway officially part of the band, we are looking forward to innovating, growing, and rethinking what the audiobooks market can be—together. 

Findaway works across the entire audiobook ecosystem with a platform and offerings that serve authors, publishers, and consumers. Their technology will help propel Spotify into the rapidly growing audiobooks industry with substantial market opportunity: the audiobooks market is expected to grow from $3.3 billion to $15 billion by 2027. Our global head of audiobooks, Nir Zicherman, said in his 2022 Investor Day presentation, “We believe this presents a unique opportunity to introduce music and podcast listeners around the world to audiobooks and drastically expand that market.”

In addition to offering the largest catalog of distributed titles, Findaway has actively worked to democratize audiobooks through leading technology tools that independent authors can use to publish and distribute their stories to new audiences. We plan on accelerating the growth of these tools, with the goal of scaling and expanding the audiobooks market overall.

Findaway’s technology infrastructure will enable Spotify to quickly scale its audiobook catalog and innovate on the experience for consumers, simultaneously providing new avenues for publishers and authors to reach audiences around the globe. Chapter one begins today . . . 

Get Your Fill of Guided Meditation, Audiobooks, Short Stories, and Poetry on Spotify

February 19, 2019

Books and poems aren’t just for reading. They’re also rich, lyrical works ripe for streaming. Scroll through the genres under Browse on Spotify, and sure enough, you’ll find Word, a category home to recordings of everything from poetry to guided meditation, audiobooks, and short stories. If you’re searching for a track full of rhythm and tone—minus the music—Word is the place to find it.

The Word genre, under Genres & Moods after selecting Browse, contains a diverse catalogue with written works from throughout history. Need a refresher on why Odysseus spent so much time at sea? Start with Mythologies. Craving something a little more modern? Try poetry by and from the Beat poets. Looking to learn a new language? We have audio courses in Spanish, Italian, French, and Chinese. And if you’re searching for something to sink your teeth into, try Sofia Ek’s audiovisual book, The Minefield Girl.  

Or, maybe you just need to chill out. If so, you’re not alone. Word listeners stream tracks on guided meditation most of all. According to our data, people can’t get enough of this mindfulness practice—similarly to how yoga was a growing fitness genre on Spotify last year. Top-streamed meditation pieces include The Honest Guys’ “Guided Meditation: Deep Relaxation,” Mark Williams’s “Guided Body Scan Meditation,” and Erica Rayner-Horn’s “Guided Meditation I – Breathing Calming Body & Mind.”

But the age-old art of storytelling holds strong as well. The other top-played spoken-word recordings include Fairy Tales for Kids’ “Beauty and the Beast,” Bart Wolffe’s “The Invisible Man – Part One,” and a reading of “Just So Stories: How the Whale Got His Throat,” by Rudyard Kipling. As for who’s listening to the spoken word on Spotify, it’s primarily people aged 55 and up who speak English, with users from Canada, New Zealand, Australia, the Philippines, and Ireland taking the top five slots.

Stories, books, and poetry as we know them largely started as oral traditions—something to keep communities warm and together through the long nights. From Grimms’ fairy tales or Leonard Bernstein’s classical music lectures, the flame of the spoken word is alive on Spotify.

Looking for something versatile enough to play before bed or during a long road trip? Try our collection of audiobooks.