Paid Content has one of the best articles on this – Audible, founded in 1997 by Donald Katz, and its subsidiary Audible.co.UK offer almost 200,000 hours of audio content from more than 520 content partners sold either a la carte or, more typically, through a monthly or annual subscription membership plan. Release.
Also, really interesting – Nearly one-third of Audible’s revenue comes through Apple; it is the top spoken-word provider for the iTunes Store with a contract to be the exclusive audiobook provider through Sept. 30, 2010. In Q307, iTunes accounted for 29 percent of Audible’s $27.6 million revenue and Audible execs expected a “great” Q4. It now will be owned by the company quickly becoming one of the iTunes’s major competitors as Amazon expands its DRM-free MP3 offerings.
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