Digital Audiobooks have been enjoying double digit sales increases for the past four years and in the past eight months the format generated over $336 million dollars and at the some point last year it made $244 million. Tapes and to a lesser degree CD's were the most popular audiobook format since the 1990's, but in recent years sales have suffered. Physical audio brought in … [Read more...] about Did you listen to audiobooks on Cassette Tapes?
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Digital Audiobooks are Cannibalizing Physical Audio
The global audiobook industry is currently worth 2.6 billion dollars and part of the reason why we have seen a dramatic increase in profitability is due to digital. The overall success of the digital audiobook is primarily attributed to companies such as Audible, Findaway World and Recorded Books who are the industry leaders. With any digital medium, the affects are starting to … [Read more...] about Digital Audiobooks are Cannibalizing Physical Audio