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Majority of Audiobook Listeners Say They Will Only Use Spotify If Authors Get Paid Fairly

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New U.S. poll from Edison Research finds significant consumer concern around audiobook streaming offerings as well as negative impact on U.S. book sales

NEW YORK, June 3, 2024 /PRNewswire/ — The Coalition of Concerned Creators today announced results from a new U.S. audiobook consumer poll conducted by Edison Research, the leading digital audio research firm.

According to the results, audiobook consumers aren’t necessarily familiar with compensation models but are keenly aware that authors have little control over their royalties. When asked who was to blame for authors not being paid fairly for audiobooks, half of all audiobook consumers said the listening services, 40% said the publishers, and the remainder blamed either the authors or consumers.

Additionally, streaming offerings like Spotify are negatively impacting book sales. Among audiobook listeners who use Spotify for audiobooks, 42.3% say they have purchased fewer audiobooks overall since they began listening on Spotify. 

When asked about author compensation, 50% of audiobook listeners initially agreed they “will only listen to audiobooks through streaming audio services, such as Spotify or Apple Music, if you know authors are paid fairly for their work.” However, after hearing about concerns over audiobook compensation from streamers like Spotify – those percentages rose even further:

56% of audiobook listeners say authors are being paid “not fairly at all” for audiobooks on these platforms;48.8% of audiobook listeners said these concerns made their opinion of streaming audio services like Spotify less favorable; and51.5% said they will only listen to streaming audio services like Spotify if they know authors are paid fairly for their work.

“Halfway through the survey, respondents were introduced to concerns regarding audiobook compensation. Respondents were told that there were recent claims of streaming audio services not being transparent and consistent in how they pay authors for audiobooks, with some publishers being paid on a per-audiobook basis, while other, smaller publishers and self-published authors being paid based on how much time consumers spend listening. These claims were pulled from sources including extensive media reports on this issue as well as public statements issued by professional author organizations, including the Author’s Guild and The Society of Authors,” said a spokesperson from Edison Research.

The Coalition of Concerned Creators said: “From our work, it continues to be abundantly clear that streaming services like Spotify deprioritize creator compensation in pursuit of corporate development and profit. However, we commissioned this survey to better understand where consumers stand and what behavior they expect of companies they financially support. Authors deserved to be compensated appropriately, and now it’s clear that there is a business case for it too.”

Additional Findings From The Survey: 

Consumers are concerned about the possibility of ads in books. 57.7% of audiobook listeners say that advertisements and messages within audiobooks would be “disruptive” or “very disruptive”.Consumers believe upticks in fees or subscription charges should go toward paying authors. 69.3% agreed that if a streaming audio service charges additional fees to listen to audiobooks, those fees should go towards paying the author.Publishers are taking the majority share of the compensation pie, which concerns consumers. Large publishers are perceived by consumers to make out the best in the audiobook industry, with 69% of audiobook consumers saying that large publishers are paid “very” or “somewhat” fairly for audiobooks.

“The poll confirmed that audiobook consumers find concerns over author compensation by audio streamers meaningful in their consumption decisions. After hearing about these concerns, the percentage of audiobook consumers who said authors were paid ‘not fairly at all’ nearly doubled,” said a spokesperson from Edison Research.

How The Consumer Poll Was Conducted
Edison Research conducted an online survey of 1,035 adults aged 18+ who listened to an audiobook in the last year. The study ran from April 26 to May 10, 2024, and the data was weighted to reflect the sex, age, ethnicity, and geography of the audiobook listener market established by Edison Research’s Infinite Dial 2024 report.

About the Coalition of Concerned Creators 
The Coalition of Concerned Creators is a consortium of writers, musicians, literary agents, and creators concerned about audiobook streaming offerings on author royalties, the way books are written, and the literary industry more broadly. The organization is currently focused on author advocacy efforts and fair compensation as it relates to Spotify’s new audiobook offering.

About Edison Research
Edison Research conducts survey research and provides strategic information in over 50 countries for clients, including AMC Theatres, Amazon, Apple, The Brookings Institute, Facebook, The Gates Foundation, Google, the U.S. International Broadcasting Bureau, Oracle, Pandora, The Pew Research Center, Samsung, Spotify, and SiriusXM Radio. The national tracking study The Infinite Dial® and the syndicated Share of Ear® are two of their most widely cited studies in the audio space. Edison is also the leading podcast research company in the world and has conducted research for NPR, Slate, ESPN, PodcastOne, WNYC Studios, and many more companies in the podcasting space.

Press Contact: concernedcreators@gmail.com

View original content:https://www.prnewswire.com/news-releases/majority-of-audiobook-listeners-say-they-will-only-use-spotify-if-authors-get-paid-fairly-302162185.html

SOURCE Coalition of Concerned Creators

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Dow Jones Expands Investment in Ripjar

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Increased Minority Ownership Stake Furthers Growing Commitment to the Risk and Compliance Market

NEW YORK, Nov. 8, 2024 /PRNewswire/ — Dow Jones today announced it has expanded its ownership stake in Ripjar, a global leader in data intelligence software. This strategic investment reflects Dow Jones’s ongoing commitment to providing leading-edge AI to the risk and compliance community. The move is the latest in a series of investments and initiatives that have helped transform Dow Jones to become a leading information service provider.

Since its founding, Ripjar has pioneered new technologies to protect financial firms and enterprises from the rising threat of money laundering, fraud, cyber crime and terrorism. Dow Jones has partnered with Ripjar since 2018 to deliver advanced risk screening and monitoring solutions to thousands of compliance customers. It first announced an equity investment in Ripjar in 2023.

“It’s our mission to deliver the world’s most trusted journalism, data and analysis to help people make decisions. Our increased investment in Ripjar helps Dow Jones in serving the growing global Risk and Compliance community,” said Almar Latour, CEO of Dow Jones and Publisher of The Wall Street Journal. “We continue to find ways to expand our products and services to professionals who navigate an increasingly complex global economy and remain up-to-date on the evolving regulatory landscape.”

Dow Jones’s executive vice president and general manager of Risk & Research Joel Lange will work closely alongside Ripjar’s newly appointed CEO Tom Obermaier and majority investor Long Ridge Equity Partners to grow its operations internationally, as well as supporting new and existing customers to navigate a complex compliance landscape.

With this increased stake, Dow Jones reinforces the importance of this long-standing partnership while strengthening its own position at the forefront of innovation. This is also the latest investment the company has made in new and emerging technologies that further its portfolio of B2B products and services. Earlier this year, Dow Jones acquired A2i Systems, a world leader in AI-powered fuel pricing solutions, to support its growing energy business and infuse innovation across the portfolio.

This investment comes at a time of rapid growth for Dow Jones Risk & Compliance, which provides best-in-class data, integrated technology solutions and due diligence services for managing regulatory and reputational risk. In fiscal year 2024, the business grew 16% year-over-year, reaching nearly $300 million in revenues.

About Dow Jones
Dow Jones is a global provider of news and business information, delivering content to consumers and organizations around the world across multiple formats, including print, digital, mobile and live events. Dow Jones has produced unrivaled quality content for more than 130 years and today has one of the world’s largest news-gathering operations globally. It is home to leading publications and products including the flagship Wall Street Journal, America’s largest newspaper by paid circulation; Barron’s, MarketWatch, Mansion Global, Financial News, Investor’s Business Daily, Factiva, Dow Jones Risk & Compliance, Dow Jones Newswires, OPIS and Chemical Market Analytics. Dow Jones is a division of News Corp (Nasdaq: NWS, NWSA; ASX: NWS, NWSLV).

About Ripjar
Ripjar is a data intelligence platform company whose mission is to help organisations and governments automate the detection, investigation, and monitoring of threats from criminal activity. Founded by former members of the UK’s Government Communications Headquarters (GCHQ), Ripjar develops software products that combine automation, artificial intelligence, and data visualisation to help companies solve the most complex risk and security management problems at scale. For more information, visit www.ripjar.com and follow @Ripjar on LinkedIn.

View original content to download multimedia:https://www.prnewswire.com/news-releases/dow-jones-expands-investment-in-ripjar-302299583.html

SOURCE Dow Jones & Company, Inc.

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Carebook to report Q3 2024 Results

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MONTREAL, Nov. 8, 2024 /CNW/ – Carebook Technologies Inc. (“Carebook” or the “Company”) (TSXV: CRBK) (OTCPK: CRBKF) (XETR: PMM1), a leading Canadian provider of innovative digital health solutions, will release its financial results for the quarter ended September 30, 2024 on Friday, November 15, 2024 prior to market opening. Michael Peters, CEO, and Olivier Giner, CFO will hold a conference call and audio webcast to review the results at 8.30am EST. Carebook cordially invites all interested parties to participate in this call.

Conference Call Details

Date

Friday, November 15, 2024

Time:

8:30 a.m. Eastern Time

Local:

1-437-900-0527

North American Toll Free:

1-888-510-2154

RapidConnect URL:

Click here

Webcast URL:

Click here

Conference Replay

Local:

1-289-819-1450

North American Toll Free:

1-888-660-6345

Entry Code:

24051#

Expiration Date:

11/22/2024

About Carebook Technologies

Carebook’s digital health platform empowers its clients and more than 5.0 million members to take control of their health journey. During 2021, the Company completed the acquisitions of InfoTech Inc., a global leader in health and productivity risk management, and CoreHealth Technologies Inc., owner of an industry-leading wellness platform. In combination, these companies create a comprehensive digital health platform that includes both assessment tools and the technology to deliver complementary solutions. Carebook’s shares trade on the TSXV under the symbol “CRBK,” on the OTC Markets under the symbol “CRBKF,” and are listed on the Open Market of the Frankfurt Stock Exchange under the symbol “PMM1.”

www.carebook.com 

For further information contact:

Carebook Investor Relations Contact:
Olivier Giner, CFO
Email : ir@carebook.com
Telephone: (450) 977-0709

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

SOURCE Carebook Technologies Inc.

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AMETEK Declares Quarterly Dividend

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BERWYN, Pa., Nov. 8, 2024 /PRNewswire/ — The Board of Directors of AMETEK, Inc. (NYSE: AME) declared a regular quarterly dividend of $0.28 per share for the fourth quarter ending December 31, 2024.

This fourth quarter dividend is payable December 20, 2024 to shareholders of record as of December 6, 2024.

Corporate Profile
AMETEK (NYSE: AME) is a leading global provider of industrial technology solutions serving a diverse set of attractive niche markets with annual sales of approximately $7.0 billion. The AMETEK Growth Model integrates the Four Growth Strategies – Operational Excellence, New Product Development, Global and Market Expansion, and Strategic Acquisitions – with a disciplined focus on cash generation and capital deployment. AMETEK’s objective is double-digit percentage growth in earnings per share over the business cycle and a superior return on total capital. Founded in 1930, AMETEK has been listed on the NYSE for over 90 years and is a component of the S&P 500. For more information, visit www.ametek.com.

Contact:
Kevin Coleman
Vice President, Investor Relations & Treasurer
kevin.coleman@ametek.com
Phone: 610.889.5247

View original content:https://www.prnewswire.com/news-releases/ametek-declares-quarterly-dividend-302299333.html

SOURCE AMETEK, Inc.

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