Audible
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Basic information | |
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Founded | 1995 |
Legal Structure | Subsidiary |
Industry | Entertainment |
Official website | https://www.audible.com/ |
Consumer-impact summary
Audiobook monopoly
Affects consumers, authors, and publishers
Incidents
Using credits to subsidize streaming service
Short summary of the incident (could be the same as the summary preceding the article).
Alleged enrollment of Amazon customers
Amazon, and Audible by extension, is currently under a pending class-action lawsuit due to allegedly enrolling Amazon customers into the Audible subscription without permission. This is possible due to Amazon's forced retention of payment methods in which the company holds customers' card information for "faster checkout."
Encouraging AI use
Audible openly encourages AI use with the understanding ding that indie authors who self-publish may rely heavily on AI for content generation and book quantity. This leads some to speculate that Audible is diluting the pool of author royalties.
Products
See also
References
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