In 2021, novelist Jess Walter and narrator Edoardo Ballerini released The Angel of Rome, a jointly written, two-hour “Audible Original,” born of the pair’s previous work together. The audiobook boom is also changing how writers work. They even have their own literary prizes, the Audies and the Golden Voice Awards. Their sales are counted and listed by The New York Times. Audiobook rights are now a staple of book contracts, changing the terms of negotiation. ![]() “For many of the large publishers,” Thompson reports in Book Wars: The Digital Revolution in Publishing (2021), audiobooks represent “the only growth in the digital category.” And the market for audiobooks is expected to grow still further, reaching a projected valuation of $19.7 billion by 2028.Īudiobooks have become such a driving economic force in the publishing industry that they have spawned their own dedicated networks of promotion, circulation, and consecration. From 2011 to 2017, the number of new audiobooks produced each year grew from 7,200 to more than 46,000. These days, when an audiobook can make up anywhere from one to 50 percent of a book’s sales, publishers cover the spread by producing far more titles. ![]() Once upon a time, publishers would pore over their catalogs, choosing only a select few titles to produce as audiobooks, a format that tended to account for about 10 percent of a book’s sales. Thompson, the market for audiobooks has grown astronomically since the turn of the 21st century. THE WORLD OF FICTION is changing, and it is happening at 1.5X speed.Īccording to British sociologist and book trade expert John B.
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