Revenue for digital books in the United States declined by 4.7% over the previous year, and generated $1.1 billion. Digital audiobooks had an amazing year and the format increased by double digit figures, 13.4%, coming in at $766.2 million in revenue. Physical Audio was down 16.4% coming in at $21.6 million. It will be interesting to see if audiobooks can surpass ebook sales in … [Read more...] about US ebook revenue declined by 4.7% in 2021
Audiobook News
Audible is discontinuing their Windows Desktop App
Audible is discontinuing their app from the Windows Store. The listing on the store has been removed and is not available to download. Users who already have the app installed on their PC or laptop will have it continue to work until July 31st, 2022. When this date has elapsed, the app will not work at all, and it won't be possible to view your library of audiobooks or listen … [Read more...] about Audible is discontinuing their Windows Desktop App
RBmedia published 7,500 audiobooks in 2021
RBmedia is the largest audiobook producer in the world. With nearly 60,000 exclusive titles, our audiobooks continually dominate key literary awards and bestseller lists. The company’s powerful digital retail and library distribution network reaches millions of listeners around the globe. Their titles are distributed to Overdrive, Hoopla, Audible, iTunes, Google Play and … [Read more...] about RBmedia published 7,500 audiobooks in 2021
Readmoo revenue increased by 60% in 2021
Readmoo is the largest digital bookstore in Taiwan and the company generated 400 million NT, which is around $1.4 million USD in sales, over the course of 2021. This was an increase of over 60%, which is mind blowing. Taiwan readers accounted for 60% of revenue, and other markets such as Hong Kong and the United States accounted for 15%. According to internal data, the company … [Read more...] about Readmoo revenue increased by 60% in 2021
Audiobooks to see steady growth over the next few years
A recent study by the Pew Research Center has brought to light some interesting facts and figures about the American reading pattern. For instance, the research has revealed the number of Americans who read e-books has now gone up to 30 percent from the previous 25 percent in 2019. Similarly, those who listen to audiobooks have gone up to 23 percent, up from 20 percent though … [Read more...] about Audiobooks to see steady growth over the next few years
Audible stops daily audio narration of news from NYT, WSJ, and Washington Post
Audible will no longer be airing the daily audio snippet of news stories from popular newspapers such as the Wall Street Journal, Washington Post, or The New York Times, GeekWire reported. This will mark the end of a practice that has been prevalent for more than two decades given that's the duration the audio programs were available for.The Amazon-owned company is now … [Read more...] about Audible stops daily audio narration of news from NYT, WSJ, and Washington Post
Apple rumored to launch its own audiobook service in 2022
Apple could be working on an audiobook service which it may launch sometime later this year. This has been revealed in a report on The Economist and subsequently carried by 9to5Mac though unfortunately, the report does not share the source of this or what the service is going to be like. Interestingly, the post on The Economist has just a single line on this.That said, an … [Read more...] about Apple rumored to launch its own audiobook service in 2022
RBmedia now has German-Language Audiobooks
Today RBmedia has announced its entry into the German-language audio market through its new audio brand, RBmedia Verlag. In tandem, RBmedia announced the acquisition of leading German audiobook publisher ABOD, which will supply leading titles to this new brand. Miles Stevens-Hoare, General Manager of RBmedia international, said, “We’ve been tracking the German-language digital … [Read more...] about RBmedia now has German-Language Audiobooks
ebook revenue increased by 5.6% in November 2021
Digital Book revenue has been in a state of decline since the Spring of 2021, but this all changed in November. The format increased by 5.6% and generated $91.5 million in revenue. For the first 11 months of the year, ebook sales were slightly down, by 4.6% and US sales were $984.0 million. Digital audiobooks sales were up 21.9% for November, coming in at $68.3 million in … [Read more...] about ebook revenue increased by 5.6% in November 2021
Audiobooks projected to reach USD 19.39 Billion By 2027
The audiobook industry is on a roll and is expected to grow even further to reach a staggering USD 19.39 billion by 2027, Digital Journal reported. This translates to a compounded annual growth rate of 27 percent compared to the USD $2.84 billion that the segment was valued at in 2019. Another report from GrandViewResearch too is projecting a compounded annual growth rate of … [Read more...] about Audiobooks projected to reach USD 19.39 Billion By 2027
Envision Podcast Studio Rentals is now open to recording audiobooks
The Envision Podcast Studio Rentals prides itself as the only podcast studio in the South Louisiana area that offers state-of-the-art audio and video production facility with support for 4k levels of quality. Now the good thing is, they have expanded their operations to offer audiobook recording and professional narration services as well.On offer is a soundproof podcasting … [Read more...] about Envision Podcast Studio Rentals is now open to recording audiobooks
Canadians have embraced audiobooks and ebooks in 2021
Canada has experienced two straight years of lockdowns, due to COVID. Sometimes things start to open for a few months and then a new wave starts to infect people and businesses start to close again. This has been very evident in the bookselling industry. This entire situation has prompted many Canadians to start buying digital books and audiobooks. This has been a boon to Kobo, … [Read more...] about Canadians have embraced audiobooks and ebooks in 2021
ABP Publishing set to become the first to launch audiobook NFT-collections
ABP Publishing said they are hoping to sell 2021 non-fungible tokens, something that would make it the first audiobook publisher to release records in the blockchain network store. The company said this would make for a unique development as buyers will have the opportunity to get a copy of their favorite audiobook. The NFT collection has been made available via OpenSea where … [Read more...] about ABP Publishing set to become the first to launch audiobook NFT-collections
