Spotify Rolls Out U.S. Audiobook Service with 300,000 Titles

Spotify is expanding beyond music and podcasts by adding audiobooks. The company is starting out with just over 300,000 titles, available for purchase in the U.S. “This is just the beginning,” says Spotify, promising a geographic expansion. In June, the audio streamer completed its purchase of global audiobooks distributor Findaway, announced last year. The acquisition was designed to make it a major player on entry, competing with Amazon’s Audible, the nation’s biggest audiobook service. Unlike Audible, Spotify is individually pricing audiobook titles and offering them à la carte, not by subscription. Continue reading Spotify Rolls Out U.S. Audiobook Service with 300,000 Titles

How the DOJ Antitrust Publishing Lawsuit Relates to Amazon

The nation’s largest publisher, Penguin Random House, was in federal court this week to defend itself against the Justice Department, which filed an antitrust lawsuit to block its acquisition of Simon & Schuster. The DOJ has been increasingly focused on antitrust and is hiring more trial lawyers in preparation for an action against Alphabet’s Google for its dominance in search and digital advertising. Although ostensibly on trial for threatening to shrink the number of American mass-market publishers from five to four, the Penguin suit also involves examination of the retail power of Amazon. Continue reading How the DOJ Antitrust Publishing Lawsuit Relates to Amazon

Publishers and Authors Guild Oppose Audible Text Feature

Audible, the audiobook app owned by Amazon, is using machine learning to transcribe audio recordings, so listeners can also read along with the narrator. Audible is promoting it as an educational feature, but some publishers are up in arms, demanding their books be excluded because captions are “unauthorized and brazen infringements of the rights of authors and publishers.” Publishers are concerned that this will lead to fewer people buying physical or e-books if they can get the text with an Audible audiobook. Continue reading Publishers and Authors Guild Oppose Audible Text Feature

The Obamas Are the Latest to Sign Production Deal with Netflix

Netflix yesterday announced a multi-year partnership with former President Barack Obama and First Lady Michelle Obama to produce original content for the streaming service. The Obamas created production company Higher Ground Productions for the Netflix deal, which is reportedly valued in the high eight figures. According to Netflix, the partnership may include scripted, unscripted and docu-series, in addition to documentary and feature films. Two months ago, the Obamas signed a joint book deal with Penguin Random House worth a reported $65 million for their respective memoirs. Continue reading The Obamas Are the Latest to Sign Production Deal with Netflix

Amazon Opens Bookstore in NYC, Plans Six More This Year

Amazon just opened its seventh bookstore, a 4,000 square foot space, in the Time Warner Center at Columbus Circle in midtown Manhattan at the heart of the publishing industry. Nearby is the site of a bygone Borders bookstore in addition to publishers such as Penguin Random House, Simon & Schuster and Hachette Book Group. Amazon has committed to opening a chain of brick-and-mortar bookstores around the country, an irony given that the company’s online sale of books is often cited as a major factor in the demise of many bookstores nationwide. Continue reading Amazon Opens Bookstore in NYC, Plans Six More This Year

Scribd Adds 9,000 Audiobooks to E-Book Subscription Service

Subscription service Scribd — the “Netflix for books” — now has 45,000 audiobooks in its library after striking a deal with Penguin Random House Audio. The new titles include popular works by Lena Dunham, John Grisham, and George R. R. Martin. According to Scribd, audiobooks have doubled the time users spend reading on the service. Audiobooks also help bolster Scribd’s catalog, which currently does not include digital books from two major publishers: Penguin Random House and Hachette. Continue reading Scribd Adds 9,000 Audiobooks to E-Book Subscription Service

Publishing Giant Expands into Film and Television Projects

Book publisher Penguin Random House has announced its media diversification with planned film and television projects, an effort that first began when Random House created a movie unit. The company hopes that this expansion will help generate revenue and promote its authors. The company’s first TV co-production, “Heartland Table,” will debut September 14 on the Food Network and star chef Amy Thielen, whose new book will be released shortly after. Continue reading Publishing Giant Expands into Film and Television Projects