ElevenLabs now lets authors create and publish audiobooks on its own platform
Voice AI Company Elevenlabs now has authors AI-generated audio books published on his own reader app, has learned WAN and confirmed the company. The announcement comes days after the company collaborated with Spotify for AI-Verhulde Audiobooks.
Elevenlabs, who picked up a mega round of $ 180 million last month, began to invite authors to try out their publication program via their app last year on trial, WAN has previously spotted. From today, that program is new to all authors.
The company confirmed the development of WAN, which explains that the idea is to offer affordable and accessible tools for making Audioboek, which otherwise might cost much more to produce in a studio.
The platform itself is intended to compete with Audible, which eleven labs believe it offers lower royalty rates for authors. According to his model, the Elevenlabs audio books are offered within his own reader app and the company will pay authors when users deal with their content.
Currently it pays around $ 1.10 to authors when listeners come into contact with an audio book for 11 minutes or more.
Elevenlabs said that the average user listened to the published books about the app during the test phase for 19 minutes. Although the startup thinks that these rates are among the best in the industry, they can still change as the program scales.
During the launch, the payment is offered to authors in the US and for only English titles. Later it is intended to extend payouts to titles in the 32 languages it supports for audio books.
The company is also planning to create a marketplace where authors can sell their content.
The greater chance for Elflabs includes authors and publishers who generate audio books using its AI technology through his paid plans ranging from $ 11 to $ 330 a month. This is cheaper than booking studio time and paying voice actors.
Elflabs in particular has already driven other audio platforms such as Pocket FM and Kuku FM to change text in audio content.
The switch from the company to become a publication and distribution area to host more Indie content is in line with the plans of the Elevenlabs CEO Mati Staniszewski to expand to more consumer experiences.
