Los Angeles – October 17, 2017 – Cooley advised RBmedia on its acquisition of Gildan Media, a leading audiobook publishing company. By joining forces, Gildan Media can now access RBmedia's unique multi-channel distribution model, including direct-to-consumers via Audiobooks.com, through 10,000+ library partners and via consumer digital resellers like Amazon's Audible.
“The audiobook market continues to experience growth of over 30% annually in the US and the business and professional development category is one of the fastest-growing segments within that market,” said Troy Juliar, chief content officer at RBmedia, in a news release. “For the last decade, Gildan Media has dominated the business audiobook sector. With the power of RBmedia’s global distribution platform behind it, the company is now positioned to extend its reach to millions more consumers.”
New York-based Gildan Media is a spoken audio publishing company that specializes in personal development, business, training, and education. RBmedia, headquartered in Landover, Maryland, is a global leader in spoken audio content and digital media distribution technology that reaches millions of consumers – at home, in the car, and wherever their mobile devices take them.
Cooley partner Ray LaSoya led the team advising RBmedia on the acquisition.
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