Winners will be unveiled at a March 4 gala in Los Angeles.
Premium subscribers can stream 15 hours per month from a catalog of over 200,000 titles.
Premium users in the United Kingdom and Australia can start listening on Wednesday (Oct. 4), while U.S. subscribers will gain access later this year.
Nir Zicherman also co-founded Anchor, the podcast platform acquired by Spotify in 2019 that has powered much of the audio giant's podcasting capabilities.
Katie Gavin of MUNA, Malia Pyles from Pretty Little Liars and Brandon Flynn from 13 Reasons Why are set to star alongside Kiyoko in the new version of the novel.
The often overlooked 55-and-over age group's monthly online listening rate stands at just 53%, leaving lots of room to expand that audience.
Other finalists include Kevin Hart, Lucy Liu, Thandiwe Newton, Malcolm Gladwell, Molly Shannon & BD Wong.
Spotify's push into audiobooks is hampered by in-app purchase fees. A pilot program with Google can end up helping the economics.
