$200 per completed hour of the audiobook for the narrator.This helps to boost Amazon’s success as a market leader.Īuthors who decide to publish an audiobook through Audible can expect the following expenses:.Other audiobook platforms are not able to function with the same levels of compatibility.Certain smart-home devices will only play audiobooks from Amazon/Audible.Audible includes more than 200,000 audio products from a wide range of publishers.Due to its large catalog of audiobooks, it is also one of the largest employers of voice-actors in the city of New York.It is also the largest audiobook producer and retailer in the U.S.Audible is currently the largest retailer of audiobooks in the world.On January 31, 2008, Amazon announced that they would be purchasing Audible for around $300 million.In 2021, Audible launched a subscription package in India to enable access to over 15,000 Hindi and English titles.Audible was almost 8 times more popular amongst experts than iBooks or Scribd.In a 2021 survey, 49% of experts preferred to use Audible as their audiobook provider.In 2018, Audible accounted for $385.81 million in U.S.Audible has also almost doubled their sales revenue during the same time frame.Audible’s market share has increased by 54.63% since 2018.The Audible platform produces 10,000 titles a year.Audible’s revenue makes up 4.2% of Amazon’s book publishing revenue.Around $1.01 billion of this figure was generated by Audible sales, based on market share.Audiobook publishing generated $1.6 billion as of 2021.
market share in the audiobook publishing category of 63.4% as of 2022.
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