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Posts Tagged ‘Audible’

Small Q2 Losses for Audible

Audiobook publisher Audible announced its second quarter results, reporting consolidated second quarter net revenues of $25.9 million, up 36% over the $19.1 million reported in the second quarter of 2006 and 3% over $25.3 million in the first quarter of 2007. Adjusted EBITDA increased to $2.1 million, up from $113,000 EBITDA reported in the second quarter of 2006 and $1.0 million in the first quarter of 2007. Net loss for the second quarter of 2007 was ($125,000), or $(0.01) per share, a decrease from the net loss of ($2.2) million, or $(0.09) per share reported in the second quarter of 2006, and ($1.2) million or $(0.05) per share in the first quarter of 2007.

“During the second quarter of 2007 our continued focus on acquiring higher value AudibleListener members produced stellar results. We served them with superior listening, while offering targeted customer communications and consistent customer support,” noted Donald Katz, CEO and Chairman, Audible, Inc. “We are pleased to have achieved a quarter that demonstrates our commitment to profitable growth.”

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ITW Prepares for a Serial Thrill

In May 2006, the International Thriller Writers organization was gearing up to launch its first anthology, THRILLER; its first fan conference, ThrillerFest, and a whole host of related activities. The infrastructure was in place for what would prove to be a successful anthology and conference, but as always, a big question loomed: what to do next?

The same question was on the minds of the folks at Audible, the Newark-based audio book publisher. Sales of titles were growing and a partnership with iTunes continued to help land them new listeners. But what of something wholly original, built entirely from the ground up that would grab people’s attention in a major way? They couldn’t do it alone, though; a partner would have to be brought on board.

It would take a few months of coordination and logistical hurdles, but in the end, ITW and Audible found common ground in the form of what’s currently titled the Serial Thriller. Set to launch “sometime this fall,” according to Audible Director of Content Steve Feldberg, the project, edited by Jim Fusilli, is a book-length format written in series by some of the genre’s top names and emerging talents. Jeffery Deaver will author the opening and closing chapters; others announced as adding intervening 14-odd chapters include Lee Child, Lisa Scottoline, David Hewson and Joseph Finder. Once all the chapters are written (something that Fusilli says should happen by the beginning of July) Audible will recruit a single narrator to record the entire serial novel, which Feldberg adds is tentatively scheduled to be released`2 chapters at a time over the course of eight weeks.

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Audiobooks for Rent in the US, too

When I wrote last Tuesday about audiobooksonline and its audiobook rental program, I wondered aloud as to why this idea hadn’t been done before. Turns out it has, as two GalleyCat readers were quick to point out. A couple of months ago, Val Sykes stumbled across a stateside-service, BooksFree, which provides the same service for audio books and paperbacks. “It seems like it might be a bit pricier, but still an interesting service nonetheless.” Indeed it is, as the site offers an unlimited number of CD or MP3-CD audiobooks for a minimum of $24.99 per month.

Freelance writer and consultant Sarah Wernick mentions “Books on Tape (now owned by Random House) which was founded back in 1975 and “works in a similar way to Netflix” thanks to its partnership with Audible to allow for multiple downloads (with an occasional free audiobook thrown in for good measure.)