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Spotify (NYSE:SPOT) has launched a brand new characteristic for sure Premium subscribers: entry to fifteen hours of audiobooks per 30 days with none extra value.
The characteristic, which launched within the U.Ok. and Australia on Wednesday, shall be rolled out within the U.S. later this yr.
Every Spotify (SPOT) Premium particular person, and plan managers of Household and Duo accounts, can get pleasure from 15 hours of audiobook listening each month, with the choice to purchase extra 10-hour allocations as top-ups.
The information comes within the wake of Spotify’s (SPOT) plans to introduce a high-end subscription tier later this yr, in an effort to generate extra income.
Spotify (SPOT) started promoting audiobooks final yr, because it diversifies past music streaming to higher compete with greater rivals reminiscent of Amazon (AMZN), Apple (AAPL), and Google (GOOG) (GOOGL).