Spotify Unveils New AI Audiobook Creation Tool Powered by ElevenLabs
Spotify launches an ElevenLabs-powered audiobook creation tool

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Spotify has launched a new AI tool for creating audiobooks, powered by ElevenLabs, as part of its Spotify for Authors platform. Set to enter beta in June, this tool allows authors to self-publish audiobooks without exclusive contracts. The initiative aims to enhance Spotify's audiobook offerings, which now include over 700,000 titles.
- 01The new audiobook creation tool will be available in beta starting June, initially supporting only English.
- 02Authors using the tool are not bound by exclusive contracts, allowing them to publish elsewhere.
- 03Spotify is expanding its 'Spotify for Authors' platform to support 10 additional languages.
- 04The platform has over a million Audiobook+ subscriptions, aiming for $100 million in annual recurring revenue.
- 05Spotify has increased its audiobook catalog to 700,000 titles, boosting listening hours by 60% year-on-year.
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Spotify has announced a new AI-powered tool for audiobook creation, leveraging technology from ElevenLabs, during its Investor Day event. This feature will enter beta testing in June and will initially support English. Authors will have the freedom to self-publish their audiobooks without being tied to exclusive contracts, allowing them to distribute their work on other platforms as well. The tool is part of Spotify's broader strategy to enhance its audiobook offerings, which have seen significant growth, with over 700,000 titles available and a 60% increase in listening hours year-on-year. Additionally, Spotify plans to expand its 'Spotify for Authors' platform to include 10 more languages, enhancing accessibility for a wider range of authors. The company has already recorded over a million Audiobook+ subscriptions, positioning itself to generate $100 million in annual recurring revenue. This move builds on Spotify's previous partnerships, including one with Google Play Books, and reflects its commitment to expanding its audiobook catalog and features for users.
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This new tool allows authors to reach a broader audience and provides users with more diverse audiobook options.
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