Spotify and Findaway announced today that Findaway Voices, an audiobook distributor for independent authors, is eliminating its 20% distribution fee for audiobooks purchased on Spotify. The streaming service acquired digital audiobook distributor Findaway back in November 2021.
Findaway says the change means that Spotify now offers the highest royalty authors can make when selling their audiobooks with Findaway Voices. The move sees Spotify courting independent authors to its platform with the allure of higher earnings.
“We’re excited to announce that starting in May, there will be no 20% Findaway Voices distribution fee for audiobook royalties with Spotify,” the company wrote in a blog post. “Findaway Voices pricing structure for audiobook distribution is a very simple 80/20 share, where you keep 80% of your royalties. Our standard 80/20 pricing will remain the same for all other partners—except Spotify, …
