Spotify Expands AI Audiobook Offerings Through ElevenLabs Partnership

Spotify is set to broaden its horizons by accepting a greater variety of AI-narrated audiobooks on its platform, thanks to a new partnership with ElevenLabs.

Innovative AI Narration Capabilities

 

This cutting-edge AI software company offers voice narration that can deliver books in 29 languages, allowing authors to customize both the voice and intonation to suit their narrative style.

Transparency in AI Narration

 

Audiobooks featuring AI narration will be clearly identified in Spotify’s metadata, with descriptions beginning with the phrase, “This audiobook is narrated by a digital voice.”

Expanding Author Opportunities

 

While Spotify previously supported digital voice narration through Google Play Books, this new collaboration opens additional avenues for authors. It’s worth noting that Spotify’s audiobook production platform, Findaway, has specific guidelines regarding the use of AI narration services.

Commitment to Authors and Listeners

 

“As Spotify continues to roll out audiobooks to new listeners worldwide, we’re committed to providing authors with tools that help them reach those listeners and lowering the barrier to entry so more authors than ever can have their books heard,” the company stated.

Recent Developments in Audiobooks

 

Spotify launched its audiobook service in September 2022, following its acquisition of the audiobook production platform Findaway in November 2021. As of November 2023, premium members in the U.S. can enjoy 15 free hours of listening.

Diversifying the Business Model

 

This strategic move into audiobooks is part of Spotify’s broader initiative to diversify its business model, especially after significant investments in the podcasting sector. However, the revenue generated from audiobooks has yet to be detailed in the company’s earnings reports.

CEO Insights on Engagement and Revenue

 

“This greatly improves our offering, which will lead to increased engagement with Spotify, ultimately reducing churn,” said Spotify CEO Daniel Ek regarding the audiobooks initiative in November 2023. “This also provides great flexibility for our business, which will positively impact our revenue and profits.”

“`

Persons

Daniel Ek

Company Names

Spotify, ElevenLabs, Google Play Books, Findaway

Titles

None

Disclaimer: This article has been auto-generated from a syndicated RSS feed and has not been edited by Vitrina staff. It is provided solely for informational purposes on a non-commercial basis.