The Audio Publishers Association (APA) released the results of its annual sales survey, and based on data collected, the APA estimates that audiobook sales in 2014 totaled more than $1.47 billion, up 13.5 percent over the previous year.
The APA credits industry growth to the increasing popularity of digital downloads as well as the increasing awareness of audiobooks in general. Sales of digital downloads increased 7.3 percent in dollars and 10 percent in units sold from the previous year.
While adult titles continue to account for 87 percent of sales, children’s and young adult titles are on the rise with a 3.7 percent increase in sales from 2013 to 2014. Moreover, fiction continues to represent the vast majority of audiobooks sold with roughly 77.4 percent being fiction vs. 22.6 percent nonfiction.
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Teen Music Site Maximum Pop! Launches Books Channel (The Bookseller)
Maximum Pop!, a pop music site aimed at 14-21 year olds, has added a dedicated YA books channel and hired a full-time books editor to run it. The site has already run several author interviews, and has secured exclusive content from Hachette, HarperCollins, Penguin Random House, Simon & Schuster and Walker.
Ebook Loan Systems Help Authors Find Readers (Alli)
One of the key questions for an author is how to get his or her book into the hands of more and more readers. One solution is to make the book available to library patrons via an ebook loan system. This piece looks at three services that connect independent authors to the ebook library system: ebooksareforever, SELF-e and OverDrive.
How an Ebook’s Discount Price Affects Its Sales (Bookbub)
Bookbub sifted through its data to determine how discounted prices on ebooks affect how well or poorly they sell. Unsurprisingly, the higher the price of an ebook, the fewer the amount of units sold. One takeaway, though: “The value of a steep discount goes beyond enticing readers to click on your book in the first place, and may hold sway when they’re deciding whether or not to put their money where their interest lies.”
College Bookstores Get Digital-Friendly (eCampusNews)
With pressure from online publishing and a growing host of competition, the college bookstore has begun to enter the digital era and transform itself. Price comparison tools are popping up, as is greater accessibility to digital course materials. One expert says he sees college bookstores looking more into wholesale support for textbook affordability, especially in terms of open educational resources and online formats.
UK Research Finds Ebooks Have Low Rate of Illegal Downloads (Guardian)
Government research in the United Kingdom found that ebooks have the lowest rate of illegal downloads among all media, as just 1 percent of UK Internet users 12 and older read “at least some” ebooks illegally. In the UK, 9 percent of people access some of their music illegally, 7 percent for television shows, 6 percent for films, and 2 percent for computer software and video games.