reported Hollywood correspondent reported Ukrinform.

Premium subscribers will be able to choose to listen to over 150,000 audiobooks from all major publishers that will be available as part of a Spotify subscription.

If the subscriber reaches the limit of 15 hours of listening per month, the user can add another 10 hours or purchase books. The company will also use existing personalization tools to recommend users books they might like.

The offering will launch in the UK and Australia, with other markets including the US expected to launch this winter. According to the latest data, Spotify has more than 220 million paid subscribers.

“I’m really excited to bring some of the same tools to the audiobook industry that have helped the music industry and the podcast industry. This is a huge improvement in the service we offer, which will lead to more people using Spotify, which of course” It will reduce the loss of listeners,” said CEO and founder Daniel Ek.

Spotify launched its audiobook business in September 2022 after acquiring audiobook platform Findaway in November 2021. The podcasting segment has yet to become profitable (management estimates it will in 2024), and Spotify has been forced to make several cuts to the segment, including terminating an exclusive podcasting deal with Prince Harry and Meghan Markle.

In its initial phase of launch, Spotify offered users in the US the ability to purchase audiobooks only from a menu of more than 300,000 titles from major and independent publishers at the time.

Spotify claims that its audiobook catalog for premium users includes more than 70% of best-selling titles from around the world through partnerships with major and independent publishers. The company says this makes it “the largest subscription-based audiobook streaming platform on the market.”

As reported by Ukrinform in France An audiobook of the poem “Apricots of Donbas” by Ukrainian writer Lyubov Yakymchuk will be released, and it will be read by French actress Catherine Deneuve.