Libro.fm is an
audiobook app that splits its profits with an
independent bookstore
An independent bookstore is a retail bookstore which is independently owned. Usually, independent stores consist of only a single actual store (although there are some multi-store independents). They may be structured as sole proprietorships, cl ...
of the customer's choosing.
In 2022, the company's publicity director Albee Romero told
The Orange County Register that half of all profits go to the selected independent bookshop. It has created apps for Android, iPhone and Apple Watch and is free of
digital rights management
Digital rights management (DRM) is the management of legal access to digital content. Various tools or technological protection measures (TPM) such as access control technologies can restrict the use of proprietary hardware and copyrighted works. ...
, meaning all books can be downloaded on other devices without restrictions.
The Seattle-based company
is employee-owned and a
social purpose corporation.
History
In 2014, Libro.fm was co-founded by Mark Pearson (Libro.fm CEO), Carl Hartung (CTO) and Nick Johnson (creative director).
In 2020, Libro.fm expanded beyond the U.S. and into Canada.
In 2020, Libro also partnered with
Bookshop.org to direct its customers looking for audiobooks to buy directly from Libro.fm.
In 2023, Libro.fm expanded into the UK, Australia and New Zealand
and began to accept payments in EUR, AUD, GBP and NZD.
See also
*
Hoopla
*
Libby
Libby as a feminine given name is typically a diminutive form of Elizabeth, which is less commonly spelled 'Libbie' or ' Libi'.
In recent years, it has been used as a shortened version of the name Liberty.
As a surname, it can also be spelled ' ...
References
{{Reflist
Audiobook companies and organizations
Employee-owned companies
Companies based in Seattle
American companies established in 2014
2014 establishments in Washington (state)