From Nasdaq:

Amazon is experiencing strong growth and has made a deal with Regal to bring audiobooks and movies together. The company is offering the first chapter of an audiobook available for free before its movie release in a theatre. This collaboration is expected to strengthen its content library, and help them capitalize on the growing demand for audiobooks worldwide.

As a result of this joint effort, Amazon has made the first chapter of the audiobook “The Boys in the Boat” available for free before it was released in theatres. This initiative is expected to provide enhanced listening and storytelling experiences to the listeners, which will aid Amazon in strengthening its content library.

Amazon’s latest move brings multiple engagement opportunities with Amazon MGM and other studios for Audible. This will help the company capitalize on the growing demand for audiobooks worldwide. Combined with a report from Grand View Research that anticipates a CAGR of 26.3% for the global audiobooks market between 2023 and 2030, this suggests growing prospects for Amazon in this market.

Amazon continues to experience strong performance and make strategic partnerships, leading investors to remain optimistic about the company’s stock. Shares of AMZN have risen 82.7% on a year-to-date basis compared with the industry’s growth of 55.6%, indicating strong financial performance and instilled confidence among investors.



Read more: Amazon (AMZN) Boosts Prospects in Audiobook Space With New Deal