I don't think this is their biggest problem. Libro.fm is selling their audiobooks at what appears to be some kind of absurd MSRP.
Audible offers audiobooks at that price point too, but you'd have to be an idiot to pay it. Amazon will sell you the Audible version of a book you've purchased the Kindle version of at a steep discount. So steep that purchasing the ebook+audiobook is cheaper than purchasing the audiobook by itself.
Compare the pricing for All Creatures Great and Small, which is atypical mostly in that the combined-purchase discount is unusually stingy:
Libro.fm: $37.94
Audible: $29.99
Kindle+Audible: $17.48
I don't like buying DRMed audiobooks, but it's not that hard to justify at $2.99.
Audible offers audiobooks at that price point too, but you'd have to be an idiot to pay it. Amazon will sell you the Audible version of a book you've purchased the Kindle version of at a steep discount. So steep that purchasing the ebook+audiobook is cheaper than purchasing the audiobook by itself.
Compare the pricing for All Creatures Great and Small, which is atypical mostly in that the combined-purchase discount is unusually stingy:
Libro.fm: $37.94
Audible: $29.99
Kindle+Audible: $17.48
I don't like buying DRMed audiobooks, but it's not that hard to justify at $2.99.