Spotify says it has paid audiobook publishers ‘tens of millions’ in royalties

Spotify has compensated audiobook publishers with “tens of millions” through its Premium subscription, stressing “100% royalties.” The Society of Authors (SoA) expressed concerns about transparency in the deals, while Audible faces competition fears. Spotify credits exponential sales growth to its competitive payout structure, but the SoA emphasizes the need for clarity and separate notation of Spotify revenues. Continue reading Spotify says it has paid audiobook publishers ‘tens of millions’ in royalties