Audible Inc., known for its comprehensive library of audiobooks, podcasts, and other spoken word content, is a subsidiary of Amazon.com, Inc. Audible was acquired by the Seattle-based online retailer Amazon in 2008 for $300 million in a deal that was formalized on NASDAQ.
Audible was originally founded as a startup by Don Katz in 1995 in Newark, New Jersey, with an ambitious vision to revolutionize the way people consume literary content. Katz served as the CEO of Audible until 2018 and has been integral in navigating the company through its various stages of growth and acquisition.
The Audible service offers a subscription-based model where subscribers, as part of their Audible membership, receive monthly credits that can be used to purchase audiobooks. Audible Premium Plus, a higher-tier membership, provides additional benefits such as unlimited access to the Audible Originals, exclusive sales, and free audiobooks from a curated selection.
In the digital age, Audible has established its presence on multiple platforms, including iOS and Android, to cater to a vast user base. It is also compatible with many digital audio players, such as iPods and Kindle devices. This flexibility, paired with a diverse content library, has helped Audible secure its position as a global leader in spoken word entertainment.
While Amazon, the parent company of Audible, also owns other giant services like Amazon Prime, Audible is not automatically included as part of the Prime membership. However, Prime members often have access to exclusive Audible offers such as discounts or free trials. A popular deal is the 30-day trial that allows new users to experience the service before committing to a subscription.
It's worth clarifying that Audible is not owned by Apple, Google, or Microsoft, despite its presence on their respective operating systems or platforms. Apple's audiobook and podcast services are operated via iTunes, while Google and Microsoft offer their own distinct audio content services.
As of the time of writing, Amazon continues to own Audible. The company's slogan, "Listening is the New Reading," emphasizes their focus on providing audio content, from the latest New York Times bestsellers to exclusive Audible Originals. Audible also pioneers in original content production, turning captivating stories into immersive audio experiences.
Audible.com has remained faithful to its roots even after the Amazon acquisition. Its headquarters are still located in Newark, even as Amazon operates primarily from Seattle. Audible also has a strong presence in New York City, a testament to its continued commitment to promoting literature and art in the city.
Audible, Inc., a pioneer in the world of spoken word entertainment, is a wholly-owned subsidiary of Amazon.com, Inc. The company continues to thrive under the leadership of Amazon, consistently expanding its services and offering a unique, valuable platform for its subscribers to enjoy a myriad of audiobooks and original content, available anytime on their Kindle, via Alexa, or through their mobile player.
Despite the presence of competitors like Apple, Google, and Microsoft in the audiobook market, Audible has distinguished itself through its robust library, exclusive offers, and commitment to high-quality, engaging audio experiences.
