In news shocking no one who has been paying attention to what’s going on in the book industry, audiobook sales have blown up in the last five years in the UK, thanks to their increasing popularity.
According to the Nielsen UK Books & Consumers survey, print book sales have gone down about 3% from the previous year, while audiobook sales rose 12% since 2016.
Publishers are beginning to shift their focus on this growing segment of the book industry, in an effect to combat the slow growth everywhere else.
Even Google and Walmart have been upping their reach across the book industry, preparing to disrupt Amazon’s stronghold over its majority hold over both eBook and audiobook sales. And with these conglomerates strategizing and focusing on this once neglected industry, Amazon may finally face some real competition.
Read more about the nitty gritty audiobook details about audiobooks at The Bookseller.