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 …

RIP Kindle Scout, hello Great on Kindle. And audiobooks for indie authors. The Hot Sheet Reviewed – first April 2018 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 …

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 …

Storytel Q1 results: Subscribers up 51%, streaming revenue up 43%. Subscribers outside Sweden up 95%

The Swedish audiobook-focussed publisher and distributor Storytel has delivered another quarter of positive results, reporting a total of 577,900 subscribers (across ten countries) at end Q1, an increase of 51% on Q1 2017, and 6,000 above forecast. Streaming revenue, up 43% on Q1 2017, exceeded forecast by SEK 2 million, hitting SEK 222 million($26.5 million). 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 …