ElevenLabs has launched its Reader app for authors to publish AI-generated audiobooks, promising affordable production costs compared to traditional studios. This move follows a partnership with Spotify and aims to compete with platforms like Audible by offering better royalty rates. Authors earn about $1.10 for every 11 minutes listeners engage with their audiobooks. Initially limited to U.S. authors and English titles, ElevenLabs plans to expand this feature globally and create a marketplace for writers. With subscription plans ranging from $11 to $330, the company seeks to democratize audiobook production through AI technology.
ElevenLabs is opening up its Reader app for authors to publish AI-generated audiobooks, providing an affordable alternative to traditional studio production.
The company aims to compete with Audible by offering better royalty rates, initially paying authors $1.10 for 11 minutes of listener engagement.
Collection
[
|
...
]