Value of Audiobook CDs in Your Library's Collection

Audiobooks are the fastest-growing format in publishing. “Based on information from responding publishers in their annual survey, the APA estimates that audiobook sales in 2016 totaled more than $2.1 billion, up 18.2 percent over 2015, and with a corresponding 33.9 percent increase in units. This is the third consecutive year that audiobook sales have expanded by nearly 20 percent.”

According to findings on goodreader.com, Libraries remain major access channels and important drivers of audiobook discovery. 27% of people said borrowing from a library/library website was very important for discovering new audiobooks.

By all indications, digital audiobook lending is growing in popularity among library patrons across a number of demographics. However, the majority of the audiobooks circulated in libraries are still physical. According to a Library Journal survey of public libraries, the majority (66%) of the audiobooks circulated were physical CDs or Playaway players, rather than digital downloads. In that same survey, public libraries reported a 35% increase in the circulation of physical audiobooks and 37% stayed the same. 

Take advantage of our end of year sale to complete your library audiobook CD collection. Recorded Books is proud to offer a special year-end sale of audiobooks on CD. Recorded Books published titles that have a release date prior to September 30, 2017 will be 60% off the list price. Over 10,000 titles are on sale from November 1, 2017 through December 1, 2017. Please use promo code YES60 when purchasing in order to receive the discount.  

Sources:

https://www.lrs.org/2016/08/30/library-journal-survey-finds-that-digital-audiobook-circulation-has-risen-by-86-in-the-past-year/

https://goodereader.com/blog/audiobooks/audiobook-metrics-and-statistics-for-2017

https://publishingperspectives.com/2017/06/audiobook-sales-growth-us-2016-report/

 

 

Written by

Rebecca -
rwyatt@recordedbooks.com

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