Audible launches a cheaper ‘Standard’ subscription plan, challenging Spotify

Audible has launched a new 'Standard' subscription plan for $8.99 per month, undercutting its Premium plan by $6. This plan offers one audiobook monthly and unlimited access to select Audible Originals.

This move comes as Audible faces stiff competition from Spotify, which reported a 36% increase in audiobook listeners last year. The new plan aims to attract lighter listeners and expand Audible's audience significantly.