Libro.fm, the audiobook retailer and listening app for local bookshops, launched internationally on Wednesday to give even more bookstores the ability to earn income via audiobook sales.
The platform is now available worldwide in six currencies: USD, CAD, EUR, AUD, GBP and NZD. Libro.fm currently partners with over 2,200 independent bookshops, with 146 of those being international stores.
At a time when independent bookshops face crushing competition from Amazon and other major online retailers, the international launch will hopefully help give smaller stores a chance to grow their businesses.
Libro.fm saw a demand among global readers for an audiobook app that supports smaller bookshops. In 2022, 29% of new Libro.fm users were from outside of the U.S., the company said.
More broadly, the global audiobook market size is predicted to reach $35 billion by 2030, per Read Entire Article
