Company type | Social purpose corporation |
---|---|
Founded | 2014 |
Headquarters | |
Area served | United States, Canada, United Kingdom, Australia, New Zealand |
Website |
libro |
Libro.fm is an audiobook app that splits its profits with an independent bookstore of the customer's choosing. [1] 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. [2] It has created apps for Android, iPhone and Apple Watch and is free of digital rights management, meaning all books can be downloaded on other devices without restrictions. [3] [1]
The Seattle-based company [4] is employee-owned and a social purpose corporation. [5]
In 2014, Libro.fm was co-founded by Mark Pearson (Libro.fm CEO), Carl Hartung (CTO) and Nick Johnson (creative director). [1]
In 2020, Libro.fm expanded beyond the U.S. and into Canada. [4] In 2020, Libro also partnered with Bookshop.org to direct its customers looking for audiobooks to buy directly from Libro.fm. [6]
In 2023, Libro.fm expanded into the UK, Australia and New Zealand [5] and began to accept payments in EUR, AUD, GBP and NZD. [1]