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 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. Adoption has been particularly slow in France and the Netherlands, which is why Spotify is starting with these languages.A ...