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Spotify claims to have paid audiobook publishers tens of millions in royalties | Books

The streaming company says its payout model is competitive, but the Society of Authors has raised doubts about whether authors ultimately benefit

audiobooks: Audiobooks are booming and Spotify wants in on the action

Audiobooks have become a lucrative format for publishers. Digital audio grew more than 500% between 2013 and 2022, reaching $839 million in revenue, according to the Association of American Publishers. For certain genres, like self-help and celebrity memoirs, audio sales can match or exceed print sales.

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