The story
Owned by BBC Worldwide, BBC Audiobooks was created by the amalgamation of BBC Radio Collection, Cover to Cover and Chivers Audio Books (Chivers Press) in 2001. Cover to Cover was started by Helen Nicoll, the author of the Meg and Mog books, in 1983, and specialised in unabridged audio recordings; BBC Audiobooks bought it in 2000. Chivers Audio Books was one of the early commercial audiobook companies and among the first to employ professional actors for narration and included an American arm, Chivers Sound Library.
In 2007, BBC Audiobooks America acquired Audio Partners, publisher of the Arkangel Shakespeare.
In July 2010, BBC Worldwide, at that time led by CEO John Smith, sold an 85% stake in BBC Audiobooks to AudioGO Ltd, a company set up by former Polygram senior executive Michael Kuhn and six partners, for a reported £10m to £15m. In 2011, AudioGO acquired US children's audiobook firm Audio Bookshelf.
In October 2013 AudioGO Ltd announced that it was suspending operations, due to "significant financial challenges", and was seeking fresh investment or a sale of the business. The US arm, Blackstone Audio which had been acquired in January 2013, was sold back to its founders, the Black family, with other AudioGO US operations at the same time.
At the end of October 2013, AudioGO Ltd filed a notice of intention to appoint administrators as it was unable to find a buyer or investor. Accountancy firm BDO were appointed as administrator.
In November 2013 it was announced that 57 employees had been made redundant, and that the licensing rights to 5,000 non-BBC titles would be transferred to Amazon.com-owned Audible pending approval from affected authors and publishers. In December 2013, Random House Audio reached an agreement with BBC Worldwide to license the rights to the prestigious 3,500 BBC audio catalogue, saying that it would take "sole responsibility for sales, stock management and distribution of BBC-branded physical CDs in the UK and the rest of the world excluding North America, Australia and New Zealand," and "take global responsibility for download sales with leading digital retailers, including Audible".
The AudioGo website reported it would close on 1 February 2014. However, sales ceased on the website months before then.
From Wikipedia’s article on AudioGO, shared under CC BY-SA 4.0.4