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]
Waterstones Booksellers Limited, trading as Waterstones, is a British book retailer that operates 311 shops, mainly in the United Kingdom and also other nearby countries. As of February 2014, it employs around 3,500 staff in the UK and Europe. An average-sized Waterstones shop sells a range of approximately 30,000 individual books, as well as stationery and other related products.
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