Voice Compagnie Ai Elevenlabs Now leave the authors publish Audio books on his own reading applicationTechcrunch learned and the company confirmed. The announcement comes days after the company’s partnership with Spotify For established audio books.
Elevenlabs, who raised A mega-round of $ 180 million last monthstarted to invite the authors to try their publishing program via their application on a trial basis last year, Techcrunch previously spotted. This program is newly open to all authors to date.
The company has confirmed the development of Techcrunch, explaining that the idea is to provide affordable and accessible tools for the creation of audio books, which could have been much more to produce in a studio.
The platform itself aims to compete with Audible, which, according to Elevenlabs, offers fees lower than the authors. According to its model, Elevenlabs’ audio books will be offered in its own Reader application and the company will pay the authors when users engage with their content.
Currently, it pays about $ 1.10 to the authors when the listeners engage with an audio book for 11 minutes or more.
Elevenlabs said that the average user had spent 19 minutes listening to books published on his application during the test phase. Although the startup thinks that these rates are among the best in the industry, they could always change as the program evolves.
When launching, payment is offered to authors in the United States and titles only in English. Later, he aims to extend payments to titles in the 32 languages ​​he supports for audio books.
The company also plans to create a market where the authors can sell their content.
The greatest opportunity for elevenbs involves authors and publishers generating audio books using its AI technology through its paid plans ranging from $ 11 to $ 330 per month. It is cheaper than booking studio time and paying voice actors.
In particular, Elevenlabs has already fueled other audio platforms such as Pocket FM and Kuku FM To transform the text into audio content.
The company’s decision to become an editing and distribution area to accommodate more independent content is in accordance with Elevenlabs CEO Mati Staniszewski’s plans to develop in more consumption experiences.
