Two studies from campus research programs indicate that ‘students are taking full advantage of the new, cost-effective options’ from publishers.
The IBPA has filed a complaint with Audible on behalf of 27 independent publishers that object to Audible Captions functionality.
The court action filed by the Association of American Publishers a week ago has led to a hold on deployment of ‘Audible Captions,’ per new court papers.
Combined digital formats comprised 22.3 percent of reported US trade publishing revenue, in the first six months of this year, according to StatShot data.
AAP chief Maria A. Pallante calls Audible’s ‘Captions’ an effort ‘to seek commercial advantage from literary works that it did not create and does not own.’
The Association of American Publishers chief is polling its membership to predict where Donald Trump’s China tariffs on books could do the most damage.
‘A wide range of other books remain on the list’ for near-term tariffs, notes AAP’s Maria A. Pallante, ‘including American fiction and nonfiction.’
The APA’s latest report on audiobook sales in the US shows that the format has seen double-digit growth for the last seven years.
In the US, book publisher revenue for April of this year was $793.5 million, down $13.1 million (-1.6 percent) compared to the same month last year.
When it’s ‘impossible for suppliers to reach their consumers without’ platforms the publishers’ association argues, market power ‘warrants close scrutiny.’