Spotify Declare On Friday, you plan to invest a million euros – or about $ 1.1 million – to enhance audio production in languages other than the English, starting with French and Dutch.
The investment indicates that Spotify is eager to more non -English titles in its limited library, as it tries to compete with major players like Audible in 8.7 billion dollars in the global audio market.
The adoption was particularly slow in France and the Netherlands, which is why Spotify begins with these languages.
According to the company, less than 3 % of French language books are currently available in audio format, with only 20,000 audio books in France compared to about 750,000 material titles. In the Netherlands, about 15,000 Dutch audio books are available from a material library of 209,000 titles.
Company Firing Voice service in France and the Benellox region last October.
Spotify believes that slow adoption can likely be attributed to high production costs, which may prevent publishers from converting their written works into sound formats.
Although the company emphasizes its commitment to working with human narrators, Spotify has made a partnership with eleven As an effective solution to the authors to encourage the authors to spread the implanted content of artificial intelligence. However, the use of artificial intelligence narration raised concerns within the publishing community.
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