HarperCollins CEO, Brian Murray, discussed the impact of Spotify's audiobook entry and AI on the publishing industry at a conference.
Murray praised Spotify's entry into the audiobook market, noting its success in monetizing occasional audiobook listeners.
HarperCollins has a wholesale distribution deal with Spotify, which pays the publisher based on consumption.
Murray also expressed concerns about generative AI and its potential impact on content quality, but acknowledged the benefits of AI in marketing and selling, translations, and film adaptations.