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Newman is trying to buy back, We Work.

But first, late last year, Spotify began offering 15 hours of monthly audiobook listening

to its premium subscribers in select markets, including the U.S.

Now the company says the new service is the second largest audiobook provider behind Amazon

owned Audible, something Spotify CEO Daniel X said was notable given how entrenched the legacy players are.

During its Q4 2023 earnings call with investors, the company also offered a glimpse

into how audio books are being consumed by Spotify customers, including by sharing insights that indicate the books

are reaching a different set of listeners than on audible or other platforms.

On audible, subscribers can either access a limited selection of audiobooks and originals or can pay you more

to get a monthly credit to purchase an audiobook from an extended selection of bestsellers

and new releases.

But on Spotify's plan, users simply have a certain number of

monthly hours available for audiobook listening. This has driven them to

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