YouTube's Move in the Book Market

YouTube, the video sharing and streaming platform owned by Alphabet, is negotiating with publishers to launch a special feature for offering audiobooks; a move that could put the company in direct competition with Spotify and Amazon Audible starting next year. According to Ebnan, citing the Wall Street Journal, YouTube has recently begun discussions with book publishers to develop a new feature aimed at offering audiobooks, which, according to sources familiar with the negotiations, may be available to users next year.