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.