Spotify, which added paid audiobooks to its offering in 2022, announced this week that premium memberships will include 15 hours of access to 150,000 audiobook titles each month.
Robotham says the breakdown of sales per format differs for each title, but audio usually accounts for less than print and digital.Your weekly destination for in-depth literary interviews as well news and analysis about the publishing industry. A must-listen for lovers of fiction.
"The beauty of downloading audiobooks and ebooks is there's no physical book you have to transport … so that's why you tend to get a higher percentage." "Audiobooks offer different opportunities to people who might not be able to fit reading print books into their lives as easily as your typical reader," Weber says.
She and co-author Cory Doctorow explain more in Chokepoint Capitalism: " keeps suppliers locked in via its royalty structure, which pays higher rates to those who agree to be exclusive to Audible, combined with a draconian requirement that books stay on the platform for at least seven years."The policy formed part of the company's strategy to attract and retain subscribers to its platform.
And July saw the Australian launch of Libro FM, an employee-owned Social Purpose Corporation that shares profits from audiobook purchases with independent bookshops.The ABC's place for readers to talk books — with each other, with books specialists from across the ABC, and with your favourite authors.While he welcomes Spotify's move into audiobooks, he's wary of a streaming model that offers unlimited listening to subscribers.