Bonnier shifts problem child Type & Tell to Adlibris

When Bonnier Books Nova launched Type & Tell back in 2015 the vision was to tap into the growing Swedish self-publishing market and cherry pick top authors for mainstream publishing. It never really took off in Sweden (just 5,000 registered users) and in early 2017 Bonnier decided to try its arm in the UK, with Read More …

Evidence mounts for an Amazon Sweden launch this year, but no sign publishers need worry yet

Amazon has been in talks with a number of Swedish logistics companies, including PostNord, as it continues to explore its Scandinavian options. While Amazon has of course not confirmed a date, the expectation seems to be later this year, which is in keeping with speculation I explored here at TNPS back in March: Sweden’s Nextory Read More …

Shortlist of 5 announced for World’s Best New Library

35 libraries from 19 countries were in the running, but just five have been shortlisted for the annual prize to be acclaimed 2018 Public Library of the Year, awarded to a public library that is either newly built or set up in premises not previously used for library purposes. The jury consists of members of Read More …

Storytel refinances to enable further expansion

Storytel has, in accordance with EU regulations, announced its latest refinancing arrangement with Swedbank as it looks to further expansion. From the press release (July 7): Storytel has entered a new loan agreement with Swedbank today which involves the granting of a further 200 MSEK, of which 100 MSEK may be put to use immediately, Read More …

While all eyes are on the London Book Fair this week, in the thirty days either side of the LBF over 13 million people are visiting book fairs around the globe

The London Book Fair is underway, and there’s no question it’s one of the most important trade book fairs of the year. But these big trade events (the London Book Fair, the New York Book Expo, the Bologna Children’s Book Fair, the Frankfurt Book Fair, etc,) are just that – trade-focussed events where public access Read More …

Is Sweden’s Storytel worth more than the entire Norwegian book market?

That’s the intriguing claim made over at Norway’s trade journal Bok365 this week as it reports Storytel’s market capitalisation has increased by 45% this year. Asserts Bok365: Storytel AB alone now has greater market capitalization than the entire Norwegian book industry. Bok365 puts Storytel’s latest valuation at SEK 5 billion ($602 million), which as Bok365 Read More …

Nextory becomes the third Swedish digital player to report significant growth, but real numbers are not so easy to come by

It seems the digital players can do no wrong in Sweden and beyond, as Nextory reports 200% growth compared to Q1 2017. That’s hard on the heels of very positive reports from Storytel – Storytel Q1 results: Subscribers up 51%, streaming revenue up 43%. Subscribers outside Sweden up 95% and from Bookbeat – As Bonnier’s Read More …

Record-breaking number of children’s books published in Sweden, but only 56% Swedish originals

The Swedish Children’s Institute is reporting the number of books published for children has increased for the eighth consecutive year, and in 2017 broke the 2,500 marker with 2,532 titles, up 5% on 2016. What hasn’t changed much is the number of home-produced titles, with Swedish originals still accounting for just 56% of books coming Read More …

Sweden’s Nextory wants to be the biggest ebook player in Scandinavia even as Amazon prepares its Nordic launch. Suicidal? No. Once again books are not on Amazon’s agenda

There are three big digital book players in Sweden – Storytel, Bonnier’s Bookbeat, and Nextory. And this week comes news that Nextory has raised SEK 51 million ($6.2 million) as part of plans to become the biggest ebook operator in Sweden, and beyond. The fresh money (on top of SEK 50 million previously raised) comes 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 …