Audible

Audible, a subsidiary of Amazon, specializes in the production and distribution of audiobooks, spoken-word entertainment, and audio content. Founded in 1995, Audible revolutionized the audiobook industry by offering a vast library of titles accessible through a subscription-based model, generating revenue primarily from memberships and individual audiobook sales. Key historical milestones include its acquisition by Amazon in 2008, which significantly expanded its reach and resources, and its continuous innovation in original content and exclusive releases, making it a leader in the audio entertainment market.

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