Kitabe is applying the NetFlix model to AudioBooks.
Like NetFlix, subscriptions levels are based on the number of audiobooks you can have checked out at one time even though you can repeat the process as often as you like each month. According to their FAQ, it’s $12.75/month for one audiobook, $19.75/month for two audiobooks and $26.75/month for three audiobooks. However, they have a promotion going until the end of October where prices are $9.95, $18.95 and $24.95 for 1-, 2- and 3-audiobook rental levels. The FAQ makes no mention of DRM. Audiobook CDs are shipped to members in MP3-CD format because it means fewer CDs than normal audiobooks. Their SF/F selection offers 170 titles at the moment.
[Link via MobileRead]