Amazon Acquires Audiobook Catalog from Bankrupt AudioGo
Amazon solidified their position in audiobook publishing today.
The Sunday Times (paywall) reports that Amazon has licensed the back catalog from the bankrupt audiobook publisher AudioGo. This firm had gone into administration last month and clearly will not be coming out of it.
Update: The Bookseller reports that this deal only includes 5,000 titles, and that it won’t take effect until February.
AudioGo was one the leading audiobook publisher in the UK. Originally known as BBC Audiobooks, it was spun off in 2010 and sold to a group of private investors and venture capitalists. AudioGo currently has a catalog of over 10,000 titles, including audiobooks from leading authors like Dick Francis, J.K.Rowling, Stephen King, and more.
The Bath-based firm went bust after financial irregularities were uncovered, resulting in the closure of its UK offices and the sale of its US operations. The US operations were sold to Downpour, an audiobook retailer that AudioGo acquired in late 2012. Downpour also got the US rights to the AudioGo catalog, which suggests that Amazon only has the UK (and possibly global) rights.
At this point all we know is that Amazon has acquired the catalog; there is no info on whether Amazon will also acquire the business, records, or production facilities.
Amazon already owns a couple audiobook publishers here in the US (Audible and Brilliance Audio), but I don’t know about the UK. There is an Audible UK, but there’s no sign that it produces its own content. A more general acquisition could suit Amazon’s interests.
Amazon bought Audible in 2008 for $300 million. It is the world’s largest producer and retailer of audiobooks and the exclusive supplier of audiobooks in iTunes.
BBC Audiobooks to go DRM-free via Random House Audio – The Digital Reader December 20, 2013 um 4:47 pm
[…] Amazon announced last month that they were acquiring the rights to half of bankrupt AudioGo‘s audiobook catalog, this […]
James Tonn June 19, 2014 um 10:55 pm
Actually, I heard Audible does have production up and running in the UK, not certain though. Supposedly the UK audiobook listener market is 5 years behind the USA, so there’s no rush. I know of a large scale audiobook producer that has recently starting a big production facility in the UK. Also, note Audible have specific distribution in Germany Audible.DE and Australia as of a few months ago Audible.AUS
Robert Grandberry July 18, 2014 um 12:53 am
I had several books on the AudioGo library. How can I retreive my books I paid for?