Truth may be stranger than fiction, but when it comes to audiobooks, it can be just as compelling.
When ebooks or other digital materials are not readily available in libraries, publishers “are missing a key conduit to a market that [they] can’t tap any other way,” Rebecca T. Miller, editorial director for Library Journal and School Library Journal, stated in her opening remarks for the “The Untapped Retail Channel: Public Libraries” panel on Friday, May 30 at the 2014 BookExpo America (BEA) conference in New York. Leaders from top library ebook and streaming media companies weighed in on this issue during an hour-long discussion.
Recorded Books, one of the industry leaders in the audiobook market and a major supplier of the audiobooks, ebooks, and other electronic content to libraries has been purchased by the private investment firm Wasserstein & Co., LP. The company was sold by Haights Cross Communications, which has owned it since 1999. Terms of the sale were not disclosed.
On October 16, Library Journal and School Library Journal will host “The Digital Shift: Reinventing Libraries.” Our fourth annual online event has itself been reinvented in a new format, offering program tracks focused around community, instruction, and getting beyond the container to new content. Recorded Books is a gold sponsor of the event, and LJ reached out to Matt Walker, vice president of Recorded Books, in the second of a series of interviews addressing how the ongoing digital shift is transforming the libraries of today and tomorrow.