The Audiobook Wars are Beginning
The tldr:
- They discuss the limitations of Audible's credit-based system.
- Spotify enters the audiobook market, introducing audiobooks to its Premium tier.
- Spotify's move includes a 15-hour monthly listening cap.
- They mention potential challenges for Spotify in competing with Audible.
- The article suggests the possibility of merging podcasts and audiobooks into a new speech audio product.
- Major publishers like Penguin Random House may play a role in shaping the audiobook industry's future.
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