In a significant move for the audiobook industry, ElevenLabs, a pioneering voice AI company, has announced that it will now allow authors to publish AI-generated audiobooks directly through its Reader app. This announcement, confirmed by TechCrunch, follows closely on the heels of a recent partnership with Spotify, aimed at enhancing the reach of AI-narrated audiobooks. With a hefty $180 million raised last month, ElevenLabs is set to democratize audiobook creation, offering authors accessible and affordable tools that challenge existing platforms like Audible. This initiative not only supports independent authors but also aims to reshape how audiobooks are produced and distributed globally.
| Attribute | Details |
|---|---|
| Company Name | ElevenLabs |
| New Feature | Authors can publish AI-generated audiobooks on the Reader app |
| Recent Partnership | Partnered with Spotify for AI-narrated audiobooks |
| Funding | Raised $180 million last month |
| Publishing Program Launch | Open to all authors starting today |
| Purpose | Provide affordable tools for audiobook creation |
| Competition | Competing with Audible for better royalty rates |
| Payout Model | Authors earn approximately $1.10 for 11 minutes of engagement |
| User Engagement | Average listening time is 19 minutes per book |
| Initial Availability | Currently for U.S. authors and English-only titles |
| Future Plans | Expand payouts to 32 supported languages |
| Marketplace Intent | Create a marketplace for authors to sell content |
| Cost of Plans | Paid plans range from $11 to $330 per month |
| Cost-Effectiveness | More cost-effective than studio time and voice actors |
| Support for Other Platforms | Supported Pocket FM and Kuku FM for audio content |
| CEO’s Vision | Expand into additional consumer experiences |
Introduction to ElevenLabs’ Audiobook Revolution
ElevenLabs is a voice AI company that is changing the way audiobooks are made. They have just launched a new feature that allows authors to create and publish their own AI-generated audiobooks using the ElevenLabs Reader app. This exciting news comes after their partnership with Spotify, which aims to bring even more AI-narrated audiobooks to listeners. With a big investment of $180 million last month, ElevenLabs is ready to make a big splash in the audiobook world.
By offering authors new ways to produce audiobooks, ElevenLabs is making it easier and cheaper for them to share their stories. This means that writers who may not have had the money to hire voice actors or rent studio time can now publish their work with the help of AI technology. Starting today, all authors can join this program, which is designed to help them reach more readers through audiobooks.
Frequently Asked Questions
What is ElevenLabs offering to authors?
ElevenLabs allows authors to publish AI-generated audiobooks on its Reader app, providing affordable tools for audiobook creation and competing with platforms like Audible.
How does ElevenLabs compensate authors?
Authors earn approximately $1.10 when users listen to their audiobooks for 11 minutes or more, based on user engagement.
Who can publish audiobooks on ElevenLabs?
Starting today, all authors can publish their audiobooks via ElevenLabs’ Reader app, expanding accessibility for creators.
What are the costs for using ElevenLabs’ services?
Authors can use ElevenLabs’ AI audiobook tools for a monthly fee ranging from $11 to $330, which is cheaper than traditional studio production.
When will payouts be available to authors?
Currently, payouts are available to U.S. authors of English-only titles, with plans to extend to 32 languages in the future.
How long do users listen to audiobooks on ElevenLabs?
During testing, the average listening time on ElevenLabs’ app was 19 minutes, indicating strong user engagement with the audiobooks.
What future plans does ElevenLabs have for authors?
ElevenLabs plans to create a marketplace for authors to sell their audiobooks and continue expanding its publishing and distribution capabilities.
Summary
ElevenLabs, a voice AI company, has launched a new feature allowing authors to publish AI-generated audiobooks on its Reader app. This initiative follows a partnership with Spotify for AI-narrated audiobooks and aims to provide affordable audiobook creation tools. Authors can now join the program, which compensates them based on listener engagement, with an initial payout of approximately $1.10 after 11 minutes of listening. ElevenLabs also plans to create a marketplace for authors to sell their work and expand support for various languages. This move positions ElevenLabs as a competitive alternative to existing audiobook platforms.
