With a royalty share, the (often self-published) author finds a voice actor willing to invest their time and talent in the project, in exchange for perhaps 20% of the royalties. A significant factor in the cost is the talent: brand-name talent is paid $1,000 or more per finished hour (PFH) of the audiobook, and with studio time and post-production added, the cost climbs quickly.Īt the other end of the spectrum, audiobooks created with Amazon/Audible’s ACX (Audiobook Creation Exchange) can be priced with two models: royalty share or a fee. The traditional process can take two hours or more in the studio for one finished hour, and the average audiobook is eight hours long. Producing audiobooks is expensive, so the appeal of automating audiobook creation is easy to understand. Introducing AI-enabled automated audiobook creation.
One thing hasn’t changed, however: the arduous production process for audiobooks.īut what if it could be done in a fraction of the time, weeks instead of months? And what if it could be done for a fraction of the cost, hundreds of dollars instead of thousands? The percentage of Americans 18 and older who have listened to an audiobook is now 46%, up from 44% in 2019. Sales in 2020 exceeded $1.3 billion, up 12% over 2019.
Could this be magic? Over the past decade, audiobook sales, driven by digital audio, have exploded.
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