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Audible is seemingly one of the most uncontroversial companies on the planet. They just host a library of audiobooks allowing millions of people to learn and grow and thousands of writers to make a strong living. But, the reality of Audible is not quite the same. You see, Audible has built up an insane monopoly over the audiobook market. Usually, such monopolies would make anti-user decisions but Audible doesn’t do that. In fact, they treat their users extremely well because that’s where they get all of their power. Instead, they choose to screw over the thousands of writers that make the entire platform possible by forcing extremely unfavorable revenue-sharing deals. For larger authors, this isn’t too big of a deal as they not only have more leverage to negotiate but reaching a bigger audience is much more important to them than maximizing the revenue-sharing percentage. The same, however, can not be said for indie authors who are just trying to make ends meet by selling a few hundred or a few thousand copies. This video explains the dark side of Audible and a noble writer who has chosen to start a strike against the giant.

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Timestamps:
0:00 - Author’s Strike
2:07 - An Audible Protest
5:29 - Unbreakable Monopoly
8:55 - Exploring Alternatives

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Disclaimer:
This video is not a solicitation or personal financial advice. All investing involves risk. Please do your own research.
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