I have an interest in how emerging technologies create opportunities, so I was fascinated to read about something called ACX -- Audiobook Creation Exchange. It's a concept that couldn't have happened a few years ago, not for lack of books or voice talent, but because the technology wasn't there yet. It is now, and I predict ACX will revolutionize the audiobook industry in the same way e-books have changed publishing.
From the site:
ACX is a marketplace where professional authors, agents, publishers, and other Rights Holders can post fallow audiobook rights.
At ACX, those unused audio rights will be matched with narrators, engineers, recording studios, and other Producers capable of producing a finished audiobook, as well as with audiobook publishers.
The result: More audiobooks will be made.
Too many authors have been left out of the quickly growing and culturally repositioned digital audio market. Until now.
ACX puts you in the driver’s seat. If you’re a Rights Holder, you choose how you produce your audiobook—whether on your own or by engaging a Producer on ACX—and you choose among two royalty models.
One of the royalty models is set up so that the Producer (narrator) won’t earn money up front, but will instead share in the proceeds from the sale of the audiobook fifty-fifty.
What does this mean for writers? Assuming you own the rights for your book, you can have an audio book created for no upfront cost. It's another way to get your work out in the world, and another potential revenue stream that wasn't accessible before.
If you're interested, visit the site, or watch the video, which explains it far better than I could. Oh, and if you decide to do this, I'd love to hear about your experience when all is said and done.