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
Audiobook News
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
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
RBmedia starts distributing French language audiobooks
RBMEDIA is the largest audiobook publisher in the world, has announced its entry into the French-language audio market through its acquisition of French audiobook publisher Éditions Thélème. That brand will be home to the existing Éditions Thélème audiobooks catalog and all new French-language titles published by RBmedia in the future. This news comes hot on the heels of the … [Read more...] about RBmedia starts distributing French language audiobooks
The best sites to download free e-books and audiobooks
There might not be any dearth of e-book and audiobook subscription services available each promising to outdo the other with superior services and collection. While that is great, most, if not all, come at a cost. That again might not suffice the requirements of those who'd like to listen to or read audiobooks and e-books without splurging much, or maybe for free. Here is … [Read more...] about The best sites to download free e-books and audiobooks
Spotify confirms they are adding a Freemium Model to Audiobooks
Spotify has announced that they are going to be implementing a freemium model for audiobooks for people who are not a paid subscriber. So when the company eventually incorporates a million audiobook titles from their purchase of Findaway, you will be able to listen to them, while having ads play during playback. "We’ve moved from being a music discovery and playback service, … [Read more...] about Spotify confirms they are adding a Freemium Model to Audiobooks
Audiobook and ebook piracy is on the rise in Italy
Digital book and audiobook piracy is running rampant in Italy, with no end in sight. The Publishers Association issued a report that stated that book piracy was estimated at $856.7 million dollars and cost over 5,400 jobs. The estimated impact of acts of piracy in 2021—fewer copies of books sold, fewer downloads of ebooks and audio books were sold, basically 112 million lost … [Read more...] about Audiobook and ebook piracy is on the rise in Italy