Their current contract is abusive. 7 year lock in, low royalty rates, and a ridiculously low share of the earnings when people buy audiobooks with credits. Oh, and you if you want to sell your audiobooks anywhere else, they HALVE their already low royalties.The core issue is that the company makes their money off a subscription model, but then doesn't share this with the creators of the content. On a recent statement, I got a whopping 75 cents each time someone bought my audiobook with their monthly credit on Audible. -- A credit that the customer paid Audible $15 for. And they've changed their bonus program so that they can now give my work away for free to entice new customers. They can also unilaterally change the contract anytime they want while you're waiting out the seven year lock in. Don't like the new terms and want to take your work back? You gotta weight SEVEN YEARS for the privilege. You're effectively handing them a blank check when you sign the agreement.These people are using their monopoly power to screw authors and narrators. After publishing several titles with them, I gave up and left the audiobook market altogether. Now I'm waiting for the seven year period to end so that I can take my titles back.Hopefully someone will hit them with an anti-trust suit at some point. Because they really need some competition to keep them honest.
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Audiobook Creation Exchange ACX.com is the first online platform that connects rights holders with established producers to enable any professionally published book to become an audiobook.
