Trade wary of audio monopoly after buyouts as Dohle warns on streaming

Trade wary of audio monopoly after buyouts as Dohle warns on streaming

The potential for the streaming model to monopolise audiobook distribution poses a real threat to authors’ livelihoods, the trade has been warned, following Spotify’s purchase of Findaway and Storytel’s acquisition of Audiobooks.com.

Both firms operate on a pooled income basis, whereby rights-holders are given a share of revenue generated from subscribers based on listening time, which can lead to a rapid growth in listener numbers at the same time as a diminution in artist income. However, both Spotify and Storytel have been effectively locked out of the US and UK markets owing to the rel...

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