Thestreamingcompany announced details at an event at its New York headquarters today headlined by CEODaniel Ek.

This is a big step in the evolution of Spotify, Ek said.

The idea is for audiobooks to provide the next opportunity for growth.

Spotify

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Audiobooks can be downloaded for offline listening, with features enabling automatic bookmarking and ways to track monthly listening.

Selections will be curated and suggested to users via a hub on the main Spotify page.

All major publishers are on board for the initiative, he added.

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Theres a certain snobbery around it, she said.