Amazon is buying Audible, an audiobook seller, for $300 million. This has already led to an increase in stock for both companies and an increase in sales. The company sells not only audiobooks but also spoken-word products from newspapers, radio talk shows, and other media which will be read outloud to you. This is a nice addition to the Kindle, which is Amazon's wireless reading device, because now they can download these audiobooks too. And the product already has power to play the audio on it.
There are many questions that this brings up like what Apple thinks about it since Audible sells their products on iTunes and Amazon is a big competitor of Apple's. Another question is whether publishers will have to think about getting rid of the Digital Rights Management; this is arousing a lot of complaints from the consumers because the audiobooks can't be transfered to all computers and devices, only some. However, the publisher's like the D.R.M because it controls copying of the books. Now, they are going through the same predicament that Music Labels had to go through (which they eventually did get rid of D.R.M.).
We will see!
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