Voice AI Company Eleven Now it is allowing the authors to publish generated ai Audiobooks in your own reader applicationTechcrunch has learned and the company confirmed. The announcement comes Days after the company was associated with Spotify For Ai-Narrated Audiibros.
Eleven, who raised A mega round of $ 180 million last monthHe began inviting the authors to prove their publication program through their application through a test last year, Techcrunch previously saw. That program is recently open to all authors as of today.
The company confirmed the development of TechCrunch, explaining the idea is to provide affordable and accessible tools for the creation of audiobooks, which could otherwise have cost much more to produce in a study.
The platform itself aims to compete with Audible, which Elevenlabs believes that it offers lower royalty rates for the authors. Under their model, Elevenlabs audiobooks will be offered within their own reader application and the company will pay the authors when users get involved with their content.
Currently, he pays approximately $ 1.10 to the authors when the listeners get involved with an audiobook for 11 minutes or more.
Elevenlabs said the average user spent 19 minutes listening to the books published in their application during the test phase. While the startup thinks that these rates are among the best in the industry, they could still change as the scale program.
In the launch, the payment is offered to the authors in the US. And for titles only in English. Later, its goal is to extend the payments to the titles in the 32 languages it admits for audiobooks.
The company also plans to create a market where authors can sell its content.
The greatest opportunity for Onevenlabs involves authors and editors who generate audiobooks using their AI technology through their paid plans ranging from $ 11 to $ 330 per month. This is less expensive than reserving study time and paying voice actors.
In particular, Elevenlabs has already promoted other audio platforms such as FM and Kuku FM pocket To convert the text into audio content.
The company’s movement to become an area of publication and distribution to house more independent content is in line with the Elevenlabs CEO Mati Staniszewski’s plans to expand to more consumer experiences.