How Spotify Plans to Start Paying Smaller Artists Even Less
Ouch.
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At an event hosted in its New York offices on Tuesday afternoon, the company announced a new business model where it will now provide Spotify Premium subscribers with access to a subset of its audiobooks catalog -- a total of 150,000 titles -- without an additional charge. "And just like in music and podcasting, we're really excited to be able to bring all the amazing tools that we built for creators and consumers alike to enable more discovery of these amazing audiobooks to the entire world," he added. Powered by its acquisition of the digital audiobook distributor Findaway, ...
Spotify is planning a pricier new subscription tier that will include HiFi streaming. It will launch the new tier later this year.
Spotify HiFi streaming is still in the pipeline but the launch has been delayed due to changing demands of the industry.