PRH’s Markus Dohle says audiobooks are the future, not the ebook, as Storytel Arabia ramps up production. But is Dohle missing the bigger picture?

“Audiobooks are the future, not ebooks,” said Penguin Random House CEO Markus Dohle last week at Spain’s Forum Edita at the Barcelona School of Management of the Pompeu Fabra University. Talking about book publishing in general, Dohle said, The sector is experiencing the best moment of the last fifty years … and maybe of the last five Read More …

Storytel reports strong growth. Beats Q2 expectations

With 621,000 subscribers in Q2 2018, up nearly 200,000 on the same period 2017, Storytel’s CEO Jonas Tellander is reporting another quarter of strong growth. In a press release Storytel announced, Streaming revenues for the period totaled circa 239 MSEK ($27.3 million), which corresponds to 43% in annual revenue growth, slightly more than three million 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 …

Storytel confirms Latin America ambitions. Mexico launch this year

Storytel has confirmed its plans to launch in Latin America, with Mexico  first in line. As revealed here on TNPS a month ago, Storytel has been talking with publishers across Latin America – Storytel’s Latin American ambitions. Brazil, Mexico, Argentina and Colombia for 2019? and in an unusual move for Storytel it has made a Read More …

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 now live in Turkey. Italy launch imminent and Bulgaria launch soon

Storytel’s twelfth audiobook and ebook store went live this past week (confession – I got distracted by the IPA Regional Seminar, so a few days late with the news), with Turkey the third of five planned launches this year. Turkey joined Iceland and the United Arab Emirates as 2018 additions to a fold that already 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 …

Middle East publishing snapshot. As millions descend on Arab book fairs, Arab publishing ups its game

Last month the second Saudi Arabia Comic Con took place. Numbers are just in and 25,000 people turned up for the event in Riyadh. This past week Saudi cinema re-opened after 35 years, and the first film shown was Marvel’s Black Panther. While In Dubai the Middle East Film and Comic Con attracted 60,000 visitors, 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 confirms Italy launch this summer. Turkey before then. Bulgaria and UAE to follow

A tweet from Andrew Rhomberg of Jellybooks confirms Storytel Italy will be launching “in a few months.” TNPS broke the story of Storytel’s Italy plans back in December – Storytel dots the ‘i’s with an Italy launch pending, having just opened in India – but when Jane Friedman an Porter Anderson of the Hot Sheet Read More …