In early May, Findaway Voices, a distributor of audiobooks for independent authors and owned by Spotify since 2021, announced on its blog that it was waiving distribution fees, initially set at 20%, for audiobooks purchased on the Swedish platform. A change that, according to the distributor, allows Spotify to offer authors the highest royalties on the market when selling their works to Findaway Voices.
With the removal of distribution fees for audiobooks purchased from Spotify, authors will now be able to receive “ 50% of the list price you set “, promises the authors the distributor, in an article published on his blog. And to conclude: Spotify is where you make the most money for your book ».
In 2021, the music streaming service entered the audiobook industry by offering the ” largest catalog of audiobooks in the world “, claimed by Findaway. At the moment, its 350,000 titles are only available for purchase in the United States, Australia, New Zealand, Ireland and the United Kingdom.
2023-05-04 11:05:50
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