The Transform Technology Summits start October 13th with Low-Code/No Code: Enabling Enterprise Agility. Register now!
Amazon is throwing money at young playwrights to spur new original stories for Audible, the audiobooks company it bought in 2008.
Amazon announced the news in the New York Times today, but the company has not yet said how playwrights can apply for grants from its thumping $5 million fund. Audible initially plans to fund “about a dozen playwrights,” the Times reports.
This isn’t Audible’s first move into original content. Like Netflix, Apple, and Amazon’s Prime Video, Audible already markets its own “Originals,” including recordings from Martin Sheen, Nick Offerman, and Lewis Black. But the $5 million fund is unique; Amazon has put out a call for submissions and brought on a panel of industry pros to select grant recipients.
For most tech giants, commissioning new theater works would look like an off-beat humanitarian project. For Amazon, it’s perfectly normal — the byproduct of building a business on books.
VentureBeatVentureBeat's mission is to be a digital town square for technical decision-makers to gain knowledge about transformative technology and transact. Our site delivers essential information on data technologies and strategies to guide you as you lead your organizations. We invite you to become a member of our community, to access:
- up-to-date information on the subjects of interest to you
- our newsletters
- gated thought-leader content and discounted access to our prized events, such as Transform 2021: Learn More
- networking features, and more