Investment Firm Acquiring Audiobook Producer [Forbes]
Apple Inc. (AAPL)
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Source: Forbes
Ellen Duffer Contributor i Jul 20, 2018, 08:00am #BigBusiness Tweet This Beats by Dre headphones hang on display during a media preview of the new Apple Inc. Michigan Avenue store in Chicago, Illinois, U.S., on Thursday, Oct. 19, 2017. Photographer: Daniel Acker/Bloomberg This week, global investment firm KKR announced its intent to acquire audiobook producer RBmedia from Shamrock Capital. RBmedia, based in Maryland, claims to be the largest independent publisher of audiobooks in the world, offering up 35,000 titles, while also owning two major distribution channels: Audiobooks.com, a digital audiobook subscription platform, and a distribution platform catered towards libraries. Some of its authors include Danielle Steel and Dean Koontz. There's a clear publishing industry trend, at the moment, towards audio and away from other digital offerings, like e-books. Last month, the Amer
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