Business
Auddia Announces Commercial Free Podcasting Enabled by Proprietary New AI Technology to be Launched in the faidr App on January 15
faidr subscription users will be able to listen to podcast episodes without any commercial interruptions. AI-ad-removal requires zero action from podcasters
About this update from Auddia Inc.
[{"type":"text","content":"faidr subscription users will be able to listen to podcast episodes without any commercial interruptions. AI-ad-removal requires zero action from podcasters while introducing new high margin subscription revenue. 200 top podcasts will be available for ad-free listening upon launch, representing upwards of 50,000 episodes. BOULDER, CO, Nov. 27, 2023 (GLOBE NEWSWIRE) -- via NewMediaWire -- Auddia Inc. (NASDAQ:AUUD) (NASDAQ:AUUDW) (\"Auddia\" or the \"Company\"), developer of a proprietary AI platform for audio identification and classification and related technologies that is reinventing how consumers engage with audio, announced today that it is deploying its new commercial-free podcasting technology into the faidr mobile application on January 15, 2024. In June of 2023, the Company announced that its engineers had successfully combined Natural Language Processing (NLP) and its proprietary AI audio-classification algorithm to create a new model that could be applied to podcasts. The Company has since completed internal R&D and proof-of-concept projects and successfully applied this model to podcasting to deliver a commercial-free experience for users. “This first-of-its-kind feature has been in the works for some time, and we’re very excited to bring it to faidr users in January of next year,” said Auddia’s CEO Michael Lawless. “It’s important that we can extend our commercial-free offerings into more content categories, and podcasts are a perfect fit alongside our existing ad-free AM/FM offering.” The Company will launch the feature in the faidr app on January 15, with approximately 50,000 episodes of commercial-free podcasts available, representing the top 200 most popular shows. The ability to listen to ad-free podcasts will be available to all users within their free-trial period and to subscribers at no additional charge on top of the current $5.99 per month price through Q1 2024. At that point, the feature will have an up-charge associated with it for subscribers. Eventually, the Company will give users the choice between bundling premium AM/FM with ad-free podcasting or selecting a la carte. In addition to commercial-free listening of the pre-selected shows, users will be able to manually request additional shows and episodes for future commercial-free listening. In subsequent releases, this process will be streamlined and...