Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

SPOTIFY TECHNOLOGY S.A.

(SPOT)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Spotify Technology S A : Storytel Audiobooks Will Be Available on Spotify Later This Year

05/21/2021 | 03:41am EDT

Just a few weeks ago, we announcedthe Spotify Open Access Platform, which gives creators with existing subscriber bases the option to deliver paid content to their paid audiences using Spotify. Now, we're excited to follow with a partnership with Storytel, one of the world's leading audiobook streaming services. Later in 2021, Storytel subscribers will be able to enjoy Storytel's library of audiobooks on Spotify by linking the two accounts.

'It is Spotify's goal to be the singular platform for all audio: music, podcasts, live conversations, and now via this partnership, audiobooks,' said CourtneyHolt, Global Head of Studios, Spotify. 'By utilizing the Spotify Open Access Platform, Storytel will be able to deliver its premium audiobooks offering using Spotify's best-in-class platform, all while retaining direct control over their relationship to their audience.'

'We want everyone to have access to great stories, and today we offer more than 500,000 audiobooks on a global basis across 25 markets,' said JonasTellander, founder and CEO, Storytel. 'Partnering with Spotify will make amazing audiobook experiences and exciting authorships easier than ever to access for our customers, while we will also be tapping into the opportunity of reaching new audiences who are on Spotify today, but have not yet experienced the magic of audiobooks.'

This partnership illustrates the power of open access as an opportunity for audio creators and providers everywhere to make a home for their content on Spotify while retaining complete control over their business model and a direct relationship with their subscriber base. As we open up the Open Access Platform, listeners will find a greater variety of content available for them to enjoy, all within one app.

Audiobooks are just one form of audio that will be available using Spotify's Open Access Platform-the possibilities in audio are limitless. Stay tuned for the details on additional partners and widespread access to the program, launching later this year.

Disclaimer

Spotify Technology SA published this content on 20 May 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 21 May 2021 07:40:01 UTC.


© Publicnow 2021
All news about SPOTIFY TECHNOLOGY S.A.
10/22SPOTIFY TECHNOLOGY S A : What Is Rap? In Poland, Artist Young Leosia and Her Fellow Rapper..
PU
10/21Google halves Play Store fees for subscription apps
RE
10/21‘SPOTIFY : Mic Check' Welcomes Fresh Finds Artist Julia Wolf To Share Her Story
PU
10/21SPOTIFY TECHNOLOGY S A : Listen—and Watch—Your Favorite Creators as Video Podc..
PU
10/21ALL-STARS SHANIA TWAIN, LAUREN ALAIN : Discover This'
PU
10/20SHOPIFY : Launches Spotify Channel For Artist-Entrepreneurs
MT
10/19SPOTIFY TECHNOLOGY S A : Meet Iconic Australian Musician in Spotify Original Podcast &lsqu..
PU
10/19SPOTIFY TECHNOLOGY S A : Welcomes Podcast Publishers in Germany, France, Spain, and Italy ..
PU
10/19SPOTIFY TECHNOLOGY S A : How Well Do You Know the Star-Studded Cast of ‘Batman Unbur..
PU
10/19UK competition watchdog has music streaming in its sights
RE
More news
Analyst Recommendations on SPOTIFY TECHNOLOGY S.A.
More recommendations
Financials
Sales 2021 9 542 M 11 110 M 11 110 M
Net income 2021 -115 M -134 M -134 M
Net cash 2021 1 927 M 2 244 M 2 244 M
P/E ratio 2021 -331x
Yield 2021 -
Capitalization 41 560 M 48 405 M 48 389 M
EV / Sales 2021 4,15x
EV / Sales 2022 3,45x
Nbr of Employees 5 584
Free-Float 70,4%
Chart SPOTIFY TECHNOLOGY S.A.
Duration : Period :
Spotify Technology S.A. Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends SPOTIFY TECHNOLOGY S.A.
Short TermMid-TermLong Term
TrendsBullishNeutralBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 28
Last Close Price 217,19 €
Average target price 245,73 €
Spread / Average Target 13,1%
EPS Revisions
Managers and Directors
Daniel Ek Chairman & Chief Executive Officer
Paul Aaron Vogel Chief Financial Officer
Stig Gustav Victor Söderström Chief Research & Development Officer
Martin Lorentzon Independent Director
Cristina Stenbeck Independent Director
Sector and Competitors
1st jan.Capi. (M$)
SPOTIFY TECHNOLOGY S.A.-19.61%48 405
TENCENT HOLDINGS LIMITED-9.66%624 281
NETFLIX, INC.22.94%294 466
PROSUS N.V.-10.76%290 797
AIRBNB, INC.13.52%103 224
UBER TECHNOLOGIES, INC.-10.76%89 044