Spotify expands into audiobooks with acquisition of Findaway

In an effort to expand beyond music, Spotify has been investing hundreds of millions to build out its podcasts business. Now the company has set its sights on another form of audio, with today’s acquisition of digital audiobook distributor Findaway. Spotify declined to share the financial terms of the deal, which is expected to close […]

Apple Music is using Shazam to solve the streaming industry’s problem with DJ mixes

Apple Music announced today that it’s created a process to properly identify and compensate all of the individual creators involved in making a DJ mix. Using technology from the audio-recognition app Shazam, which Apple acquired in 2018 for $400 million, Apple Music is working with major and independent labels to devise a fair way to […]