28 October 2019
The audio technology company Voxnest owns the podcasting platform Spreaker. The Italy-based StreetLib is a digital book distributor. Last week, they teamed up for a symbiotic relationship that will let StreetLib's book publishers create podcasts and Spreaker's podcasters create and distribute digital books or audiobooks.
It's yet another example of the impact ripples left by the sharp rise of digital audio in the publishing industry. Audiobooks and podcasts alike have been booming across the past few years: Audiobook revenues rose 24.5% over the previous year in 2018, hitting $940 million - it's the seventh year in a row of double-digit revenue growth, by the Audio Publishers Association's estimate.
