[9] 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,[10] was sold back to its founders, the Black family, with other AudioGO US operations at the same time.
[11] 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.
In November 2013 it was announced that 57 employees had been made redundant,[13] 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.
[14] 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".