$SPOT Spotify Paid $119 Million for Audiobook Distributor Findaway, Taking on Audible
I don’t see anything in that press release indicating how Spotify intends to differentiate themselves. Sounds like a solid plan to be an “also ran”.
Why should I switch from Audible to Findaway? …that’s what I need to hear.
Don’t they already have enough market share with their own podcast? This seems lazy and inefficient on Spotify’s behalf. They have enough customers and a base to do whatever they need to do scale and compete. Confused on this deal.