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Voice AI companyElevenLabsis now letting authors issue AI - generatedaudiobooks on its own Reader app , TechCrunch has learned and the company sustain . The announcement comesdays after the company partner with Spotifyfor AI - tell audiobooks .
ElevenLabs , which raiseda $ 180 million mega - round last month , started inviting generator to try out their publication programme through their app on a trial foundation last year , TechCrunch antecedently spotted . That program is fresh receptive to all authors as of today .
The companionship confirmed the development to TechCrunch , explain the theme is to provide low-priced and accessible tool for audiobook conception , which might have otherwise be much more to farm in a studio apartment .
The platform itself aims to compete with Audible , which ElevenLabs believes offers lower royalty rate for author . Under its simulation , ElevenLabs ’ audiobooks will be offer within its own Reader app and the company will give authors when drug user engage with their content .
Currently , it pays roughly $ 1.10 to authors when hearer engage with an audiobook for 11 minute or more .
ElevenLabs said the average user spent 19 minutes heed to the published book of account on its app during the examination phase angle . While the startup thinks that these rate are among the good in the industry , they could still change as the program scales .
At launch , the payout is offered to authors in the U.S. and for English - only title . Later , it aim to broaden payouts to deed of conveyance in the 32 languages it supports for audiobooks .
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The company also plan to make a marketplace where author can betray their subject matter .
The big chance for ElevenLabs involves generator and publishers generating audiobooks using its AI tech by way of its pay plans ranging from $ 11 to $ 330 per calendar month . This is less expensive than book studio meter and paying voice player .
Notably , ElevenLabs has already power other audio platforms likePocket FM and Kuku FMto call on text into audio content .
The companionship ’s move to become a publishing and distribution airfoil to host more indie subject matter is in stemma with ElevenLabs CEOMati Staniszewski ’s plans to elaborate into more consumer experience .
