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Spotify invests over $1M to grow its catalog of non-English audiobooks
Spotify announced on Friday that it plans to invest €1 million--or approximately $1.1 million -- to boost audiobook production in languages other than Spotify plans to invest €1 million to boost audiobook production in French, Dutch, and other non-English languages.
Spotify announced on Friday that it plans to invest €1 million–or approximately $1.1 million — to boost audiobook production in languages other than English, beginning with French and Dutch. The investment indicates that Spotify is eager for more non-English titles in its limited library as it tries to compete with major players like Audible in the$8.7 billion global audiobooks market. Despite the company emphasizing its commitment to working with human narrators, Spotify recently partnered with ElevenLabs as a cost-effective solution to encourage authors to publish AI-narrated content.
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