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Spotify claims to have paid audiobook publishers ‘tens of millions’ in royalties | Books

Spotify announced that it has paid out “tens of millions” to audiobook publishers since allowing users to listen to 15 hours of audiobooks with its premium subscription package last fall. Regarding this figure reported by an industry magazine, the company said, bookstoresaid it is “100% royalty” and expects royalty payments to “continue to increase” in […]