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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 was a publicly traded Nasdaq company until it was acquired and became a subsidiary of Amazon.com in early 2008. [3] Audible operates digital storefronts in the US, UK, Germany, France, Australia, Italy, Japan, Canada, India and Spain.
The funds gained from the IPO allowed Amazon to grow quickly, making its first three acquisitions on April 27, 1998, less than a year after the company had gone public. [2] After the dot-com bubble burst on March 11, 2000, several companies that Amazon had invested in went bankrupt, with Amazon's stock price itself sinking to record lows. [3]
Audible was purchased by Seattle-based Amazon in 2008 for roughly $300 million and is both a top distributor and producer of audio books, meditation programs and podcasts. The service is dominant ...
Audible, the audio entertainment pioneer that Amazon acquired in 2008, will co-develop and co-produce the projects with Amazon MGM Studios. The titles will be shopped to sibling outlets Amazon ...
Amazon Music is bolting on a new benefit for unlimited-plan subscribers: They can now access the 1 million-plus catalog of audiobooks in the U.S. from Amazon-owned Audible.
Audible sells digital audiobooks, radio and television programs, and audio versions of magazines and newspapers. Through its production arm, Audible Studios, Audible has also become the world's largest producer of downloadable audiobooks. On January 31, 2008, Amazon announced it would buy Audible for about $300 million.
In early 2024, I made three predictions for Amazon (NASDAQ: AMZN) stock investors. Let's see how I did: Let's see how I did: I predicted that Amazon's cloud growth would reaccelerate.
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