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Audible is an American online audiobook and podcast service that allows users to purchase and stream audiobooks and other forms of spoken word content. This content can be purchased individually or under a subscription model where the user receives "credits" that can be redeemed for content monthly and receive access to a curated on-demand library of content.
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Audiobook Creation Exchange ( ACX) is a marketplace for professional narrators, authors, agents, publishers and rights holders to connect and create audiobooks. [ 1][ 2][ 3] ACX was launched by Audible on May 12, 2011 by Don Katz and ran by Jason Ojalvo. At the time of launching, Ojalvo reported the ACX had roughly 1000 titles.
The overall cost to produce an audiobook can vary significantly, as longer books require more studio time and more well known narrators come at a premium. According to a representative at Audible, the cost of recording an audiobook has fallen from around US$25,000 in the late 1990s to around US$2,000-US$3,000 in 2014. [33]
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