Audible is a seller and producer of spoken audio entertainment, information, and educational programming on the Internet. Audible sells digital audiobooks, radio and TV programs, and audio versions of magazines and newspapers. Through its production arm, Audible Studios, Audible has also become the world’s largest producer of downloadable audiobooks. Audible’s content is only accessible through special proprietary closed software, including unauthorized-playback prevention by means of an Amazon user name and password.

On January 31, 2008 Amazon.com announced it would buy Audible for about $300 million. The deal closed in March 2008 and Audible became a subsidiary of Amazon. The company is based in Newark, New Jersey’s One Washington Park. and is expanding its presence in the city with the creation of new technology center. Audible is the United States’ largest audio book producer and retailer.

Source: Audible (store) – Wikipedia