In a recent revelation during its Q4 2023 earnings call, Spotify announced its ascent as the second-largest provider of audiobooks, The Guardian reported. This makes it trail behind Amazon's Audible despite operating in the red. The streaming giant also offered insights into the evolving landscape of audiobook consumption, highlighting a shift in listener preferences and … [Read more...] about Spotify emerges second largest audiobook player, profitability takes a hit
Audiobook News
eBook revenues were down 3.2% in November 2023
In one month, we will understand precisely how digital audiobooks and ebooks performed in the United States in 2023. Digital book revenues were down 3.2%, generating $81.8 million in sales. The Digital Audio format remained 15.3% for November, generating $81.1 million in revenue. Physical Audio was down 23.8%, coming in at $1.3 million. Year-to-date eBook revenues were down … [Read more...] about eBook revenues were down 3.2% in November 2023
AudioUK’s 2024 Manifesto for Audiobook Industry
In the UK, the trade association AudioUK has released a new four-point manifesto. The manifesto details policies to grow the UK’s audio production sector has been launched by AudioUK. The program was earlier known as the Radio Independents Group and reintroduced in July 2018 as AudioUK. Four points in the AudioUK manifesto are: An Audio Production Tax Relief, would, … [Read more...] about AudioUK’s 2024 Manifesto for Audiobook Industry
Best places to get audiobooks for free
Audiobooks offer a versatile and immersive alternative to traditional reading, allowing listeners to enjoy literature on the go. One of the best things about audiobooks is that the format is well-suited for those who might have always wanted to read books but simply don't have the time to indulge in them. In fact, you can listen to audiobooks even while engaged in daily … [Read more...] about Best places to get audiobooks for free
The Launch of Sesame Street Podcast
Image credit: Variety Sesame Workshop, along with Audible, has recently launched a Sesame Street podcast, Ready, Set, Ride with Elmo, for families and interested audiences. This comes as great news, as each episode is an absolute bundle of joy! As the name suggests, in every episode, Elmo picks a friend on Sesame Street in his Elmobile. As they come along, Elmobile transforms … [Read more...] about The Launch of Sesame Street Podcast
Spotify Pays ‘Tens of Millions’ to Audiobooks Publishers
Spotify has paid audiobook publishers “tens of millions” since launching audiobooks in premium in the UK, Australia, and the US last year, with Britney Spears’ memoir The Woman in Me (Gallery UK) the most listened to on the platform. A spokesperson for the Swedish tech giant said users have listened to more than 90,000 individual titles from the platform’s catalogue of more … [Read more...] about Spotify Pays ‘Tens of Millions’ to Audiobooks Publishers
Spotify’s audiobook leap raises concerns for Audible CEO
Amazon's Audible is feeling the heat as Spotify, the music streaming giant, takes a giant leap into the ever-expanding world of audiobooks. The concerns were unveiled during an internal all-hands meeting this week, where Audible CEO Bob Carrigan addressed employee inquiries about the company's focus on competition rather than customer needs, according to a recording obtained by … [Read more...] about Spotify’s audiobook leap raises concerns for Audible CEO
Audible Sight for Blind and Low Vision People
Audible Sight has announced its software-as-a-service that helps visually impaired people to “see” your video content by seamlessly inserting audible descriptions into the video. At the Assistive Technology Industry Association (ATIA) annual conference in Orlando, Audible Sight™ demonstrated how their AI analyzes the visual content of any video. It then generates simple text … [Read more...] about Audible Sight for Blind and Low Vision People
Dosdoce report unveils robust growth in Spanish-language audio markets
Bilbao-based Dosdoce digital publishing consultancy has released its second edition of the "Map of the Spanish Audio Industry" report, providing a comprehensive overview of the Spanish-language audio markets. The research, conducted between October and December 2023, reveals a remarkable surge, with the audio industry nearly doubling in size, experiencing a staggering 75 … [Read more...] about Dosdoce report unveils robust growth in Spanish-language audio markets
StoryFair with its 75% royalty model announces partnership with Blackstone Publishing
In a groundbreaking move, StoryFair Audiobooks has positioned itself as a pioneering high-royalty retailer within the audiobook market, introducing an industry-disrupting 75% royalty rate for authors and publishers. No wonder the platform has swiftly gained support from over 100 publishers and an impressive 19,000 authors, signaling a shift towards a more equitable and … [Read more...] about StoryFair with its 75% royalty model announces partnership with Blackstone Publishing