This is a guest post from Tom Chalmers, Managing Director at IPR License.
It’s a bit of a contradiction in terms but one of the fastest growing areas of the rights and licensing sector is also the one which we arguably hear the least from. Anecdotal evidence suggests that the audiobook industry is currently worth somewhere in the region of $2.5bn to $2.6bn per year and growing. However, the amount of rights business being written often goes under the radar.
Here at IPR License we saw consistent, and substantial, demand for audio rights throughout 2014. This time last year we reported that licensing demand for international audio rights rose by 32 per cent in Q2 2014. This was largely based on publisher to publisher figures and whilst this business continues to grow, more internal analysis shows that enquiries for audio rights for self-published works have more than doubling (58 per cent) in the first half of 2015, when compared to H2 2014 figures.