We look forward to combining our leading technology tools and world-class team with the reach of Spotify's platform to provide an enhanced audio experience for creators, publishers and listeners around the world." "We founded Findaway with the recognition of the power of the spoken word through audiobooks and the unique opportunity to empower storytellers and connect them with listeners. "Together with Spotify we have the opportunity to innovate and democratize the audiobook ecosystem," said Findaway Founder & CEO Mitch Kroll. "We're excited to combine Findaway's team, best in class technology platform, and robust audiobook catalog, with Spotify's expertise to revolutionize the audiobook space as we did with music and podcasts." The acquisition of Findaway will accelerate Spotify's presence in the audiobook space and will help us more quickly meet that ambition," said Gustav Söderström, Spotify's Chief Research & Development Officer. "It is Spotify's ambition to be the destination for all things audio both for listeners and creators. The acquisition positions Spotify to revolutionize the space in the same way as music and podcasts, powering content to reach a wide audience on its global platform. Findaway's technology infrastructure will enable Spotify to quickly scale its audiobook catalog and innovate on the experience for consumers, simultaneously providing new avenues for publishers, authors and independent creators to reach new audiences around the globe. Together, Spotify and Findaway will accelerate Spotify's entry into the rapidly growing audiobooks industry, enabling faster innovation and bringing audiobooks to Spotify's hundreds of millions of existing listeners.
Terms of the transaction were not disclosed. (NYSE: SPOT) (the "company"), today announced it has entered into a definitive agreement to acquire Findaway, a global leader in digital audiobook distribution.
New York, NY (Top40 Charts) Spotify Technology S.A.
0 kommentar(er)
