One of the often overlooked formats in the focus on digital versus print books is the audiobook, a separate entity that–despite a long standing history–still gets relegated to only certain titles. Through the launch of companies like Audible and the later ACX platform, audiobooks are currently enjoying a resurgence among old and new fans alike.
Findaway World, a company that has partnered with publishers around the globe to produce audio renditions of titles, has a catalog of more than 50,000 audiobooks, but offers them in unique and innovative ways through its digital platform and through its Playaway devices.
Playaways, a concept whose technology seems backwards at first glance, is actually a brilliant tool for putting audiobooks in front of as many listeners as possible, specifically in school, library, and even deployed military outposts. The devices are essentially MP3 players that contain only one book, making it possible for a large number of patrons to borrow the preloaded devices. While Playaways come with an inexpensive pair of ear buds tucked nicely in the hardshell case, many schools and libraries encourage users to keep their own headphones handy in order to borrow multiple titles.
Now the creators of the Playaway have launched AudioEngine, a platform that allows seamless access to Findaway World’s catalog of titles. Authors, publishers, and rights holders can incorporate their audiobook editions into AudioEngine through submission and agreements with Findaway World.
“We have one of the world’s largest collections of digital audiobooks and had been focused on preloaded devices,” said Ralph Lazaro, VP, Digital Products Group, in an interview with Good e-Reader. “We started to build apps for partners who wanted audiobooks, and we would build custom apps for them. Along the way, we started to see the growth potential of the audiobook market–it was a $1.2 billion dollar market in 2012 and $1.6 billion in 2013–and most of that growth has come from downloadable streaming which is picking up a lot of the market share.”
Publishers are responding to that growth by releasing more audio titles than ever before, with audiobook new releases reaching 200% growth over the year before. Of course, ACX has enabled self-published authors and small press publishers to tap into this growing audiobook market as well. Digital downloads have also enabled a new breed of reader to enjoy the titles; in the past, audiobooks came on CD and offered eight to ten hours typically of content. With mobile devices, listeners can enjoy their books whenever they find themselves with time, and then return to the title later.
According to Findaway World, several leading companies are currently using AudioEngine to power audiobooks in their platforms, including 3M (Cloud Library), Mackin (MackinVia), Baker & Taylor (Acoustik) and Follet (Catalist Digital), with many other large retailers, content providers, and distributors launching worldwide throughout 2014.