BBC Worldwide announces today that it has completed the sale of an 85% shareholding in BBC Audiobooks (including BBC Audiobooks America) to AudioGo Limited. BBC Worldwide will retain a 15% stake in the business.
Formed in 2001, BBC Audiobooks is the leading audio publisher in the UK. Its products are available on CD and in downloadable formats for retail and library markets. Following the sale, BBC Audiobooks will trade as AudioGo, and will continue to publish BBC-sourced content under the BBC Audiobooks imprint.
Wednesday, July 14, 2010
BBC Audiobooks sold
From the BBC press office:
Subscribe to:
Post Comments (Atom)
Can anyone explain this deal? Are they selling to themselves? Who IS Audiogo? Are the BBC are allowed to do this without consulting the licence-payer since we finance them? First they buy up almost every independent audio-book publisher - Chiver's, Cover-to Cover etc - creating a virtual monopoly - then they sell it. Who gains?
ReplyDelete