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In 1996 Audio Publishers Association established the Audie Awards for audio books, which is an equivalent to the Oscar for the talking books industry. The nominees are announced each year in January, and the winners are announced at a gala banquet in spring, usually in conjunction with BookExpo America. The quantity of the audio book enthusiasts continued to grow. They began joining into audio book clubs. By 1997 the Columbia House Audio Book Club had more than 150,000 members and the Herrik Company's Audio Book Club in Morristown, NJ had 215,000 members.

Audiobooks are usually distributed on CDs, cassette tapes, or digital formats (e.g., MP3 and Windows Media Audio). The term "books on tape" is frequently used as a synonym for audiobooks, but cassette tapes are no longer the dominant media for audiobooks. In 2005, Cassette-tape sales made up roughly 16% of the audiobook market, with CDs sales accounting for 74% of the market, and downloadable audio books accounting for approximately 9%. In the United States, the most recent sales survey (performed by the Audio Publishers' Association in the summer of 2006 for the year 2005) estimated the industry to be worth 871 million US dollars. Current industry estimates hover at around two billion US dollars per year. Most new popular titles put out by the major publishers are available in audio book format simultaneously with publication of the hardcover edition. There are approximately 25,000 current titles on cassette, CD, or downloadable format. Unabridged audiobooks are word for word readings of a book, while abridged audio books have text edited out by the abridger. Audiobooks also come as fully dramatized versions of the printed book, sometimes calling upon a complete cast, music, and sound effects. Each spring, the Audie Awards are given to the top nominees for performance and production in several genre categories. There are quite a few radio programs serializing books, sometimes read by the author or sometimes by an actor, most of them on the BBC.

If you are planning on traveling any time soon, rest assured you will have some time to kill. Few things can take you away from those never ending lines or long flights, train, and bus rides like a good story. Reading a book is one of the great pastimes for travelers en route to their destination. Walk though the terminal of any airport and you are bound to see dozens of travelers scanning page after page of text from the latest bestseller. I too, used to be a die-hard paper and hardback book reader. That was until I listened to my first audio book. I tried an audiobook on a vacation after much persuasion from my husband who was already a longtime fan. I was tired of craning my neck and reading by cabin light on long flight. I started to take note the he was listening to his book while comfortably reclined with his eyes closed. On bumpy car and bus rides, I had to put my books and magazines away because of motion sickness. All the while, my husband was looking out the window, soaking in the sights and listening to a good story at the same time. So I thought it was time to give my tired eyes a vacation too, and I haven’t turned back since. Audiobooks allow you to pass the time relaxing listening to the latest bestseller, catching up on the classics, or even learning a new language while you are en route to your final destination. Audiobooks have some great advantages over traditional books. For one thing, listening is a passive activity, so there’s no need to don reading glasses and constantly scan the pages. You can simply slip on your headphones, sit back and remove yourself from the traveling fray of the airport or train station. I have found that one the most enjoyable aspects of audiobooks is that they are read by a narrator, who is often times a professional actor. This tends to bring a little more life to the story, as the narrator will often create different voices for the many characters within the story. Also, if you are trying to brush up on a foreign language, it helps to hear the language as it is spoken by a native, as opposed to trying to discern pronunciation from text. Another great advantage is the size and transportability of audiobooks. If you download the material to your iPod or MP3 player, you can literally carry hundreds of books on a device no bigger than a deck of cards. This means that if the story that you are listening to is not quite what you expected, you can move on to a new book, or even review one of your favorites almost instantly.