The article discusses the decline of traditional book reading in Western culture, especially in the U.S., as it is replaced by digital snippets, social media, and audio/video content, leading to a shift from a literary to an oral culture.
Spotify is rumored to be launching a new $20-a-month tier called "Supremium," offering higher-quality music, playlist mixing tools, and access to audio books. The tier will include personalized "sound capsules" and 24-bit lossless audio. Spotify's delayed rollout of lossless audio comes after competitors like Apple Music and Amazon Music began offering it for free. The move is seen as an effort to generate revenue and appease investors. Despite beating expectations for monthly active users and subscribers, Spotify's second-quarter revenues fell below estimates due to costly expansion into podcasts and audio books.