Overdrive and Penguin have come to terms on a new agreement that will see over 500 audiobooks become available to libraries. These new audio editions will be available for public and college libraries in the U.S. and Canada under the one copy/one user lending model in both the WMA and MP3 format.
The Penguin audiobooks are mainly backlist titles, but there are a number of great authors works now available. Libraries will be able to buy older audio titles from Ken Follett, Clive Cussler, Anita Blake, Maya Banks, Roald Dahl, W.E.B. Griffin, Nick Hornby, Stephen King, Jen Lancaster, and Lee Child.
Penguin and Overdrive have had a tumultuous relationship, to say the least, over the course of the past few years. In May 2012 Penguin cancelled the contract they had with Overdrive because they felt that libraries lending out eBooks for free, devalued the overall product. It was only late in 2013 that a series of pilot projects were initiated to get Penguin back in the game with backlist and frontlist titles.
So whats changed with Penguin? Well, Overdrive suspended the ability to deliver eBooks to Kindle users wirelessly and instead have to be downloaded to the users computer and then synced to an Amazon product. Penguin harboured great resentment towards Amazon for their strongarm tactics of getting deals on selling eBooks and it pissed off management.
Still, libraries now can benefit from more audio editions in their library, and this sector is on the rise. The entire audiobook industry is currently worth around 1.6 billion dollars and that figure should climb further. The main reason? Audio book producers have been increasing their output. 13,255 titles came out in 2012, up from 4,602 in 2009.