[tubemonkey]

RBmedia Buys Gildan Media

RBmedia, which produces and distributes audibooks, has made its second acquisition of the year, buying Gildan Media for an undisclosed price.

Founded in 2007 by former Simon & Schuster Audio head Gilles Dana, Gildan specializes in producing audiobooks in the business and personal development areas. It has a catalogue of approximately 2,200 titles and releases about 250 new audios annually.

Troy Juliar, chief content officer for RBmedia, said Gildan fits well with RBMedia in that Gildan's focus on nonfiction complements RBmedia's strength in fiction. Juliar said with Gildan, he sees some "green spaces" in nonfiction where RBmedia can grow.

Dana will continue to oversee Gildan's day-to-day operations and the company will remain based in New York.