Spotify launches an ElevenLabs-powered audiobook creation tool
Spotify has introduced a new AI tool for self-publishing audiobooks, powered by ElevenLabs, as part of its Spotify for Authors platform. This feature will be available in beta starting this June, initially supporting only the English language. Additionally, Spotify is expanding its platform to include more languages and enhancing its Audiobook+ plans to increase user engagement.
- ▪Spotify's new AI tool for audiobooks will launch in beta in June on an invite-only basis.
- ▪The AI-powered audiobook generation allows authors to publish their works without exclusive contracts.
- ▪Spotify has over a million Audiobook+ subscriptions and aims to generate $100 million in annual recurring revenue.
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Alongside tools for AI-generated podcasts, Spotify on Thursday introduced a new, ElevenLabs-powered AI tool for self-publishing audiobooks within the Spotify for Authors platform. The company said at its Investor Day event that the feature will launch in beta this June on an invite-only basis, initially with support for the English language only. The AI-powered audiobook generation won’t bind authors to an exclusive contract, meaning they are free to publish their generated audiobooks anywhere. The news builds on Spotify’s previous partnership with ElevenLabs, which allowed writers to submit audiobooks created on the voice AI startup’s platform to Spotify. The audio streaming platform also already had a partnership with Google Play Books to allow for digitally narrated content.
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