|Weekly News Digest
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DCL Discusses the Audiobook Publishing Market
Data Conversion Laboratory (DCL) posted the following about the continuing success of the audiobook industry:
The audiobook publishing market continues to experience massive growth. As we get ready for a new decade the outlook remains bright for audiobook publishing sales and industry support. …
Deloitte predicts that UK audiobook sales are expected to generate £115 million [about $151 million] in 2020. That translates to a 30% increase since 2018! This summer the Audio Publishers Association conducted a survey of US publishers and reported audiobook sales in 2018 totaled $940 million, a revenue figure that has grown a full 24.5% year-over-year since 2017. Unit sales are up even more, rising 27.3% over 2017.
With sales and profits surging northward, production processes that support such growth and volume will become more important than ever to streamline and manage.
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