Audiobook Royalties for Two Classic Works

Invest in the exploding market of audiobooks with royalties from two classic works in African American history.


closing price

Auction Closed

Top Bid: Larry R

Historic royalty income is no indication of future royalty income. Future royalty income is dependent upon future sales and licensing revenue generated by the sound recordings or compositions associated with this listing.

Starting Price: $24,000
Bidding Increment: $500
Closing Price: $47,500
End Date: Dec 16, 2016, 3:37 PM MST
Investment Term: Life of author + 70 years
Last 12 Months' Royalties: $7,828
Royalty Type: Audiobook
First Payment: Q1 2017
Fees: None


Audiobooks are the fastest-growing format in book publishing today, so says The Wall Street Journal. Audiobook sales in the U.S. and Canada jumped 21% in 2015 from the previous year, and the trend continued in 2016, as downloaded audio sales were up 37% in January and February compared with the same period in 2015.

The asset up for sale in this auction mirrors that surge (just take a look at the chart in the “Financials” tab). Its royalties in 2015 grew 75% over 2014, and royalties for the first three quarters of 2016 have already surpassed the total earnings for all of 2015.

Bid now to earn royalties on audiobook sales for recordings of two classic works in African American history: The Mis-Education of the Negro by Carter Goodwin Woodson and The Stolen Legacy: Greek Philosophy Is Stolen Egyptian Philosophy by George G.M. James. These are must-read books in the study of African American history, and are in fact required reading in many African American studies courses in colleges across the U.S.

The audiobooks are exclusively available on, the United States' biggest producer and retailer of audiobooks. Audible, bought by Amazon in 2008, saw membership grow 40% in 2015 over the previous year. Its customers around the world are on track to listen to 2 billion hours of programming this year, which is double the 2014 figure.

The Mis-Education of the Negro has earned royalties since Q3 2008 and The Stolen Legacy has earned royalties since Q3 2014. Together, they've averaged $1,579.55 per quarter in the last eight quarters.

What is being sold?

100% of the seller’s interest in the audio recording rights and royalty income attributable to two audio books narrated by the seller, currently payable by (1) “The Mis-Education of the Negro” by Carter Goodwin Woodson; and (2) “The Stolen Legacy: Greek Philosophy Is Stolen Egyptian Philosophy” by George G.M. James.

How does this asset make money?

As the sole producer and narrator, the seller earns 20% of all revenue generated by for these audiobooks. Revenue is generated every time an member uses member credits to purchase the books, as well as every time a member or non-member makes a cash purchase. See the “Downloads” tab to view the raw royalty data.

About the Royalty Distributor

Audible Inc., an Amazon company, is the United States' largest producer and retailer of spoken audio entertainment, information, and educational programming. Audible's content includes more than 200,000 digital audiobooks, radio and TV programs, and audio versions of magazines and newspapers.


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