Spotify is going big on a new feature – and it’s not music – News Opener

Spotify has set its sights on a new sound-based frontier: audiobooks.

The streaming music company held its second Investor Day event on Wednesday where CEO Daniel Ek revealed the company’s new foray into the world of audiobooks, calling it a “massive opportunity.” Ek said he wants to compete with the other “major player dominating the space,” referencing Amazon and its audiobook platform, Audible, which is the only noteworthy rival.

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