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Libro.fm

From Wikipedia, the free encyclopedia
Libro.fm
Company typeSocial purpose corporation
Founded2014
Headquarters
Area served
United States, Canada, United Kingdom, Australia, New Zealand
Websitelibro.fm

Libro.fm is an audiobook app that splits its profits with an independent bookstore of the customer's choosing.[1] In 2022, the company's publicity director Albee Romero told The Orange County Register that half of all profits go to the selected independent bookshop.[2] It has created apps for Android, iPhone and Apple Watch and is free of digital rights management, meaning all books can be downloaded on other devices without restrictions.[3][1]

The Seattle-based company[4] is employee-owned and a social purpose corporation.[5]

History

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In 2014, Libro.fm was co-founded by Mark Pearson (Libro.fm CEO), Carl Hartung (CTO) and Nick Johnson (creative director).[1]

In 2020, Libro.fm expanded beyond the U.S. and into Canada.[4] In 2020, Libro also partnered with Bookshop.org to direct its customers looking for audiobooks to buy directly from Libro.fm.[6]

In 2023, Libro.fm expanded into the UK, Australia and New Zealand[5] and began to accept payments in EUR, AUD, GBP and NZD.[1]

See also

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References

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  1. ^ a b c d Forristal, Lauren (2023-07-26). "Audiobook platform Libro.fm announces its international launch". TechCrunch. Retrieved 2024-04-03.
  2. ^ Pedersen, Erik (2022-06-18). "The Book Pages: What the audiobook boom means to Libro.fm". Orange County Register. Retrieved 2024-04-04.
  3. ^ Shah, Saqib (2023-07-28). "New audiobook app supports local London bookshops". Evening Standard. Retrieved 2024-04-04.
  4. ^ a b Hayes, Molly (2020-03-31). "Libro is now in Canada and booksellers are taking advantage". The Globe and Mail. Retrieved 2024-04-03.
  5. ^ a b Spanoudi, Melina (March 9, 2023). "Audiobook platform Libro.fm to launch in UK". The Bookseller. Retrieved 2024-04-04.
  6. ^ Knibbs, Kate (April 11, 2023). "How Bookshop.org Survives—and Thrives—in Amazon's World". Wired. ISSN 1059-1028. Retrieved 2024-04-07.