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]
| Company type | Social purpose corporation |
|---|---|
| Founded | 2014 |
| Headquarters | |
Area served | United States, Canada, United Kingdom, Australia, New Zealand |
| Website | libro |
The Seattle-based company[4] is employee-owned and a social purpose corporation.[5]
History edit
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 edit
References edit
- ^ a b c d Forristal, Lauren (2023-07-26). "Audiobook platform Libro.fm announces its international launch". TechCrunch. Retrieved 2024-04-03.
- ^ Pedersen, Erik (2022-06-18). "The Book Pages: What the audiobook boom means to Libro.fm". Orange County Register. Retrieved 2024-04-04.
- ^ Shah, Saqib (2023-07-28). "New audiobook app supports local London bookshops". Evening Standard. Retrieved 2024-04-04.
- ^ 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.
- ^ a b Spanoudi, Melina (March 9, 2023). "Audiobook platform Libro.fm to launch in UK". The Bookseller. Retrieved 2024-04-04.
- ^ Knibbs, Kate (April 11, 2023). "How Bookshop.org Survives—and Thrives—in Amazon's World". Wired. ISSN 1059-1028. Retrieved 2024-04-07.
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