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Re:When Microsoft's eBook store closes, your books disappear... by TheAceOfHearts on Thursday April 04, 2019 @03:18AM (#19569985)
There's a RainbowCrack plugin which allows you to extract your activation_bytes which is both fast and free. Once you're extracted your activation_bytes, it can be saved and re-used to remove the DRM from all your audiobooks.

Then you can use ffmpeg to convert the .aax file:

    ffmpeg -activation_bytes $activation_bytes -i $audiobook_file -c:a copy -c:v copy $output_file
I'd suggest converting to m4b, which you can achieve by replacing the aax extension with m4b as part of the output_file. This preserves all chapters, metadata, and even the cover art. The m4b format also has a neat feature which lets you bookmark your last position in the same file.
Re:When Microsoft's eBook store closes, your books disappear... by frosted-flakes on Thursday April 04, 2019 @03:52PM (#19576416)
Ah well, I bought the program years ago, and it is pretty convenient—just drag and drop. So I expect I'll continue using it. It has the option to use m4b files too, so maybe I'll try that.

I searched for days before I bought it though, and never came across the ffmpeg method. All sorts of hacks involving virtual CDs and whatnot, but nothing that scaled.