The Frankfurt, Germany-based Bookwire GmbH is undergoing a rejig in its operations with the sole aim of making audiobooks and podcasts the center of its business operations, PublishingPerspective reported. The company said they are according greater emphasis on audiobooks and podcasts in view of the rising demand for the same in most parts of the world. In view of this, the … [Read more...] about Bookwire GmbH undergoes organizational restructuring to promote audiobooks
Audiobook News
Flipkart now offering audiobooks in partnership with Pocket FM
Flipkart, one of India's largest e-commerce platforms announced it has tied up with Pocket FM to offer audiobooks via its site or mobile app, TOI reported. Right now, there are only a few audiobooks that are on offer, but the collection is expected to grow further in the coming months. The audiobooks are mostly in regional languages though a few English language audiobooks are … [Read more...] about Flipkart now offering audiobooks in partnership with Pocket FM
Google Play Books now has a Wish List
Google Play Books is pushing out a new update for the app for Android that has a wish list option on the main navigation bar on the bottom of the screen. This is beside the Home, Library and Shop buttons. It is a dedicated feature that just works for Play Books, so you can add titles you want to buy later to your wish list and they are viewable at anytime. Clicking on a title … [Read more...] about Google Play Books now has a Wish List
Storytel is becoming a force in the audiobook industry
Storytel is one of the largest audiobook companies in the world. They currently have 2.05 million paying subscribers, entered the United States through its acquisition of Audiobooks.com in November and currently operates in 25 markets with a library of 700,000 titles. Storytel performed a restructuring in the first half of the year, with a management overhaul, a sharper focus … [Read more...] about Storytel is becoming a force in the audiobook industry
Half of all Canadians listened to an audiobook in 2021
Booknet Canada recently issued a new report that gives us a sense on Canadians and their love for digital audiobooks. The format has been on the rise for the past six years and is the fastest growing segment in publishing. Almost half of all Canadians listened to audiobooks in 2021 (45%). But just how many audiobooks are Canadians listening to? The majority of audiobook … [Read more...] about Half of all Canadians listened to an audiobook in 2021
eBook revenue was down 5.7% in May, 2022
Digital book sales have been declining all year long in the United States. This is primarily attributed to the pandemic of last year, when ebook sales were the highest they have ever been in almost a decade. This trend continues in May, 2022 when ebook revenues were down 5.7% for the month as compared to May 2021 for a total of $82.5 million. Digital audiobook sales were up … [Read more...] about eBook revenue was down 5.7% in May, 2022
Spotify’s Purchase of Findaway cost them $123 million
Spotify had spent €117 million - around $123 million USD - for acquiring Findaway, an audiobook platform that has a copious amount of titles from major publishers and also an online system that pairs authors with engineers to create their own audiobooks. Spotify has been betting big on audiobooks even though it had started off as a music streaming service provider. It had also … [Read more...] about Spotify’s Purchase of Findaway cost them $123 million
Romania poised to record strong growth in audiobook and podcast segments
Romania is poised to witness a 10 percent growth in its entertainment and media (E&M) industry. This is expected to make its E&M industry to be valued at EUR 3.4 billion, which would exceed its pre-pandemic level of EUR 2.53 billion in 2019, the website business-review.eu reported. The book segment is expected to rise to EUR 90 million in 2022, which would make for a … [Read more...] about Romania poised to record strong growth in audiobook and podcast segments
The Top Benefits of Listening to Audiobooks
Podcasts have taken off as one of the hottest mediums in the media landscape. You can learn something; you can connect with the hosts; you can deep dive on a chosen subject; you can do it all while driving your car.Why, then, have audiobooks been left on the shelf? Pardon the pun. There are mixed feelings on the audiobook, notably labeling them ‘the lazy listening option.’ … [Read more...] about The Top Benefits of Listening to Audiobooks
Amazon offering three months of Audible Premium plan for free during Prime Day
Amazon is offering free access to Audible Premium for three months as part of its Prime Day sales offer. This makes for a great offer considering that Audible happens to be one of the best apps for listening to audiobooks or podcasts. It normally costs $15 a month, which means there is $45 to save from this offer. Plus, other perks include access to unlimited audiobooks and … [Read more...] about Amazon offering three months of Audible Premium plan for free during Prime Day
ebook revenue declined by 8.3% in April 2022
Digital book sales have been in a state of freefall all year long, in the United States. eBook revenues were down 8.3% for the month as compared to April 2021 for a total of $84.3 million. The Downloaded Audio format was up 5.6% for April, coming in at $66.6 million in revenue. Physical Audio, such as CD's was down 47.9% coming in at $1.2 million. Are trade sales, such as … [Read more...] about ebook revenue declined by 8.3% in April 2022
Apple Books is getting a bunch of new features in iOS 16
Apple Books has not received much love in iOS 15, but that will all change when iOS 16 comes out this Fall. The reading app will receive new options that allow you to customize the reading experience for your needs. Choose reading themes for different environments and moods or change font, spacing, text size and other settings. The audiobook player has been redesigned with … [Read more...] about Apple Books is getting a bunch of new features in iOS 16
