Storytel launches its own e-reader, prepares to change royalty structure, as Tellander reports a successful Q1

Along with the Storytel Q1 2018 financial report today comes news that the Swedish audiobook company is about to elevate its ebook arm from a sideshow to mainstream. Storytel Reader is an e-reading device that will be launched in Sweden, Denmark and Finland shortly, with other Storytel markets to follow. Storytel CEO Jonas Tellander explained, Read More …

Storytel’s Latin American ambitions. Brazil, Mexico, Argentina and Colombia for 2019?

With the Storytel Spain launch in 2017 it was really just a matter of time before Jonas Tellander’s attention turned to Latin America. Now it seems that time is upon us. With Iceland and UAE launched already this year, Turkey imminent, and Italy and Bulgaria both lined up, the promised five new Storytel countries for Read More …

Storytel launches in UAE. Joins Dahd and Kitab Sawti in the Arab audiobook market

Storytel continues to put clear blue water between itself and its biggest rival, Audible, as it launches in its eleventh territory. And contrary to expectations it is the UAE, not Turkey, that becomes the second new Storytel nation of 2018. Earlier this year Storytel launched in Iceland – Storytel launches in Iceland. Italy, Bulgaria and Turkey Read More …

Storytel RU forecasts 40% growth in 2018 as booming Russian audiobook market reaches 500 million rubles

Amid the overall success story of the rising Russian audiobook market, one company stands out for exceptional achievement. Storytel only established its office in Russia in June 2017 and did not become fully active until December, yet is already claiming 15% of the market, equal to better-established rival Patefon, and ahead of all the other Read More …

Did Amazon’s Audible inadvertently create the current royalties mess by incentivizing listeners to skip forward in the audiobook? – The Hot Sheet reviewed. First March edition

The Hot Sheet is a publishing industry news-sheet for authors, produced every two weeks by Porter Anderson and Jane Friedman, and reviewed here every other Sunday as one of the best bi-weekly industry overviews available to authors. We’re not interested in delivering breaking news, but perspective on stories that are likely to retain meaning for your long-term decision Read More …

Storytel Q4 revenue up 27% in Q4. Streaming revenue up 42%. Subscribers up 48% to 533,000. 15 countries by end 2018

While not yet in profit, Storytel has made impressive gains over Q4 2017, with overall revenue up 27% on the period, while streaming revenue rose 47%. CEO Jonas Tellander confirmed total subscribers now at 533,400, in keeping with a TNPS estimate last month. Storytel has 300,000 Swedish subscribers, a further 250,000 beyond and is aiming Read More …

The cold-call origins of Storytel India

Today Storytel India offers over 1,000 titles on its localized app. Not bad going for an operation that only went live in November and began with a cold-call email from an avid Indian reader. How Storytel came to beat Amazon’s Audible to India – Sweden’s Storytel beats Amazon’s Audible to the India audiobook market and Read More …

Storytel has 300,000 Swedish subscribers, a further 250,000 beyond and is aiming for thirty countries

The audiobook subscription service Storytel announced this past week that it has surpassed 300,000 paying subscribers in its homeland Sweden, with Swedes listening to almost 100 million hours in 2017, compared with 65 million hours the year before. In November Storytel reported being just below 300,000 with a total of 530,000 subscribers, since when it Read More …

Bonnier’s Bookbeat headhunt’s Amazon Audible’s finest for Bookbeat Germany

Back in September Bonnier’s audiobook arm Bookbeat added Germany to its portfolio of satellite sites in Finland and the UK and its home base in Sweden. This week comes news that Bookbeat has headhunted Amazon Audible Germany’s Kathrin Rüstig to head Content and Publisher Relations at the Bookbeat DE operation. In doing so Bonnier doesn’t Read More …

12 mind-blowing book events you probably never knew happened in 2017

Usually on alternate Sundays I review the latest Hot Sheet from Jane Friedman and Porter Anderson, but this time around it was a review of the past year and much of what is covered has been discussed in previous reviews here, so this week I’m doing my own TNPS-style review of the 2017 publishing year Read More …