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ElevenLabs now lets authors create and publish audiobooks on its own platform
ElevenLabs has launched a platform allowing authors to create and publish AI-generated audiobooks directly on its Reader app. This initiative follows a recent partnership with Spotify and aims to provide a cost-effective alternative to traditional studio production, with competitive author payouts and plans to expand audio offerings in 32 languages.
Key points
- ElevenLabs introduces an audiobook publishing feature on its Reader app.
- The development follows a partnership with Spotify for AI-narrated content.
- Authors can publish audiobooks with a new model offering competitive payouts.
- Initial payouts are approximately $1.10 to authors for 11 minutes of engagement.
- Average listening time during testing was 19 minutes per user.
- The initiative aims to reduce costs compared to studio production.
- Plans include extending payouts for titles in 32 supported languages.
- The company will develop a marketplace for authors to sell their audiobooks.
Why it matters
- The trend of AI-generated content is growing in the media industry.
- The increased focus on audiobooks aligns with the rise of audio consumption.
- ElevenLabs' strategy reflects broader industry changes aimed at democratizing content creation.
- Competitive author royalties may disrupt traditional audiobook models, especially in comparison to platforms like Audible.
ElevenLabs' move to enable easy audiobook creation with AI is set to reshape the publishing landscape, providing authors with accessible tools and better financial incentives, while catering to the growing demand for audio content.