Spotify to let users buy physical books on app through Bookshop.org partnership

Reuters
02/05
<a href="https://laohu8.com/S/SPOT">Spotify</a> to let users buy physical books on app through Bookshop.org partnership

Feb 5 (Reuters) - Spotify SPOT.N said on Thursday it will begin selling physical books on its streaming platform through a partnership with online retailer Bookshop.org, marking an unexpected expansion beyond its audiobooks business.

The company is doubling down on new features to better compete with rival streaming services from tech giants such as Apple AAPL.O and Amazon AMZN.O.

Since launching audiobooks two years ago, Audiobooks in Premium has expanded to 22 global markets and its English‑language catalog has grown to more than 500,000 titles, Spotify said. Its new listeners are up 36% and listening hours have grown 37%, it added.

The physical book purchasing feature will begin rolling out later this spring for users in the U.S. and the UK, with Bookshop.org handling pricing, inventory and fulfillment, Spotify said.

Spotify's move comes at a time when physical book sales are sluggish because more users are increasingly turning to e-books and other sources on the Internet.

News Corp NWSA.O, which owns HarperCollins, said last year book publishing orders were slowing from both readers and retailers. A nearly 200-year-old library book distributor Baker & Taylor also shut down operations in January.

Spotify said it will launch "Page Match," a tool designed to let readers move between reading and listening.

Users can scan a page from a printed book or e-book using the Spotify app's camera to jump to the corresponding moment in the audiobook and scan again later to find the exact passage where they should resume reading, the company said.

Page Match will be available at launch on most English-language titles, with plans to be fully rolled out to all audiobook users by February 23, the company said.

Spotify has also increased the price of its monthly premium subscription plan by $1 to $12.99 in the United States, Estonia and Latvia markets.

(Reporting by Jaspreet Singh in Bengaluru)

((Jaspreet.Singh@thomsonreuters.com; on X @i_jass;))

应版权方要求,你需要登录查看该内容

免责声明:投资有风险,本文并非投资建议,以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请,作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考,不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证,投资者应自行研究并在投资前寻求专业建议。

热议股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10