amazon buys audible for $300M

by Hugh

News from the commercial side of audiobooks, amazon dishes out 300 smackers for audible.com.

quick calculation:
-the article indicates that audible’s catalog is roughly 90,000 works
-@$300M for the kit, that’s about 3k/title
-so that makes librivox’s donation to the universe roughly worth (in grubby capitalist terms): 1200*3000 = $3.6 million.

let’s discount by 50% for our quirks, and, which puts us at $1.8 million, which sounds very low to me.

We’re adding about 70 books a month now to our catalog, so next year we should we “worth” twice that!

Not that we’re for sale (now or ever) but it’s … kinda interesting.