Voice AI Elevenlabs is now allowing authors to publish audiobooks generated by him in her reader application, Techcrunch has learned and the confirmed company. The announcement comes day after the partnership company with Spotify for audiobooks narrated with him.
Elevenlabs, who collected a mega-randan of $ 180 million last month, began inviting the authors to try their publication program through their application on a test basis last year, Techcrunch previously noticed. This program has been open to all authors since today.
The company confirmed the development in Techcrunch, explaining that the idea is to provide affordable and accessible tools for creating audiobooks, which may have cost much more to produce in a studio.
The platform itself aims to compete with the audible, which Elevenlabs believes to offer lower family rates for the authors. According to its model, Elevenlabs audiobooks will be offered within its Reader app and the company will pay the authors when users engage with their contents.
Currently, it pays approximately $ 1.10 for the authors when listeners engage with an audiobook for 11 minutes or more.
Elevenlabs said the average user spent 19 minutes listening to the books published in his app during the test phase. While the beginning thinks that these rates are among the best in the industry, they can still change like program stairs.
At the start, the payment is offered to the authors at the US and for titles only in English. Later, it aims to extend payments for titles in 32 languages it supports for audiobooks.
The company also plans to create a market where authors can sell their content.
The biggest opportunity for Elevenlabs includes authors and publishers generating audiobooks using his technology he through her paid plans ranging from $ 11 to $ 330 a month. This is less expensive than reserving the studio time and payment of sound actors.
In particular, Elevenlabs has already enabled other audio platforms such as Pocket FM and Kuku FM to turn the text into audio content.
The company’s measure to become a publishing area and distribution to host more Indie content is in accordance with the plans of CEO of Elevenlabs Mati Staniszewski to expand more consumer experiences.
