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Audible is an American online audiobook and podcast service that allows users to purchase and stream audiobooks and other forms of spoken word content. This content can be purchased individually or under a subscription model where the user receives "credits" that can be redeemed for content monthly and receive access to a curated on-demand library of content. Audible is the United States' largest audiobook producer and retailer. The service is owned by Audible, a wholly-owned subsidiary of Amazon.com, Inc., headquartered in Newark, New Jersey. History The company's first product was an eponymous portable media player known as the Audible MobilePlayer; released in 1997, the device contained around four megabytes of on-board flash memory storage, which could hold up to two hours of audio. To use the player, consumers would download an audiobook from Audible website. On March 11, 1999, Microsoft invested $11 million into the company. On October 24, 1999, Audible suffered a setback when its CEO, Andrew J. Huffman, died. Development proceeded, however, leading to Audible licensing the ACELP codec for its downloads in 2000, and Amazon bought a 5 percent stake in the then-publicly traded company the same year. In 2003, Audible reached an agreement with Apple to be the exclusive provider of audiobooks for iTunes Music Store. This agreement ended in 2017 due to antitrust rulings in the European Union. Two years later, the service released "Audible Air", which allowed users to download audiobooks directly to PDAs and smartphones. Its content would update automatically, downloading chapters as required that would then delete themselves after they had been listened to. In 2006, the company released its A-List collection, which had famous works read by Anne Hathaway and Annette Bening. In 2007, CEO Donald Katz moved the company headquarters with 125 employees from suburban Wayne, New Jersey to Newark. The new headquarters was a high-rise building on One Washington Park. On January 31, 2008, Amazon announced they would purchase Audible for about $300 million. In April of that year, Audible began producing exclusive science fiction and fantasy audiobooks under its "Audible Frontiers" imprint. At launch, 25 titles were released. In May 2011, the service launched Audiobook Creation Exchange (ACX), an online rights marketplace and production platform. The platform was so successful that in 2012, Audible reported it had received more titles from ACX than from its top three audio providers combined. In March 2012, Audible launched the A-List Collection, a series showcasing Hollywood stars including Claire Danes, Colin Firth, Anne Hathaway, Dustin Hoffman, Samuel L. Jackson, Diane Keaton, Nicole Kidman, and Kate Winslet performing great works of literature. Firth's performance of Graham Greene's The End of the Affair was named Audiobook of the Year at the Audie Awards in 2013. The service began offering its narration workshops at acting schools, including Juilliard and Tisch School of the Arts; in 2013, Audible's CEO speculated that the company was the largest single employer of actors in the New York area. In September 2012, Audible introduced a feature known as "Whispersync for Voice", which allows users to continue audiobooks from where they left off reading them on Amazon Kindle. In 2016, the company announced that it would open a new facility in Newark, New Jersey, the "Innovation Cathedral", in a former Second Presbyterian Church, last used in 1995. In July 2019, a new feature was announced called Audible Captions, in which machine-generated text would be displayed alongside the audio narration. The company was sued by the Association of American Publishers shortly thereafter for copyright violation. The lawsuit was settled in early 2020, with Audible agreeing not to implement the Captions feature without obtaining express permission. In November 2020, Audible modified its return and exchange policy in response to concerns by authors, who felt that customers were abusing the policy to listen to audiobooks without paying. Content and pricing Audible's content includes more than 200,000 audio programs from audiobook publishers, broadcasters, entertainers, magazine and newspaper publishers and business information providers. Content includes books of all genres, as well as radio shows (classic and current), speeches, interviews, stand-up comedy, and audio versions of periodicals such as The New York Times and The Wall Street Journal. The service offered two monthly subscription tiers, "Audible Gold" and "Audible Platinum", priced at US$14.95 and $22.95 respectively: Both services allow users to obtain credits which can be used to purchase audio books (one whole credit for Gold, and two whole credits on Platinum), while Platinum also included additional incentives such as exclusive discounts. On August 24, 2020, Audible replaced both plans with "Audible Premium Plus" (a renaming of Gold, though with the Platinum pricing and credits grandfathered for existing subscribers), and introduced a new $7.95 subscription tier known as "Audible Plus." Both tiers include access to a curated on-demand library of audiobooks, podcasts, and other original productions, while the Audible Plus tier does not include credits. Once a customer has purchased a title, it remains in that person's library and can be downloaded or streamed at any time. As of April 1, 2019, credits expire one year after issue, and credits prior to this day expire after two years. Original content In May 2015, Audible hired Eric Nuzum, formerly VP of programming at NPR, as its SVP of original content development. In 2016, the service introduced an on-demand service known as "Audible Channels", which features short-form audio programming from various outlets, including news and other original productions. Access is included as part of Audible's subscription, and also became available to Amazon Prime subscribers. Nuzum compared this strategy to original content created by HBO or Netflix, and stated that the service deliberately avoided use of the word "podcast" as to not alienate listeners unfamiliar with the concept. Among its original productions are Where Should We Begin?—a relationship podcast with Esther Perel, Sincerely, X'—a podcast featuring anonymous TED Talks, Ponzi Supernova—a chronicle of the Madoff investment scandal, The Butterfly Effect—a podcast series by Jon Ronson chronicling the impact of PornHub on internet pornography, and West Cork, a true crime podcast investigating an unsolved 1996 murder in West Cork, Ireland. In August 2018, it was reported that Nuzum was stepping down, and that Amazon had laid off most of the short-form content staff. This move came amid a shift in Audible's original content strategy, including a greater focus on "audiobook-first" deals with writers. The service's new strategy for original content was announced in fall 2020 with the debut of a new lower-price tier providing access .... Discover the Audible Studios popular books. Find the top 100 most popular Audible Studios books.