Russia’s LitRes sees 46% ebook growth as Storytel Russia grows. Subscription model has much to offer

Russia’s ebook giant LitRes is seeing 46% growth this year as enthusiasm for the format grows, but overall ebooks are still just 6% of the Russian book marker, reports Eugene Gerden for Publishing Perspectives today. Russia’s Growing Ebook and Audiobook Sales in First Half of 2018 According to Gerden, LitRes says its ebook sales through Read More …

Warsaw, Minsk, Bucharest, Bratislava, Lillehammer, St. Petersburg, Dublin, Kiev, Madrid, Lisbon – the European book fair season is under way

Although we have had significant European book fairs already this year, it is in May that things really step up a gear, as winter is laid to rest, spring has sprung and thoughts turn to a summer of books. May started with the Thessalonika fair in Greece (85,000 visitors) and the Tanpinar festival in Turkey, Read More …

Ten global publishing stories not to be missed. 2 April 2018 collation

The global publishing market has never been more exciting, and every day myriad publishing stories cross my screen that I’d love to develop here at TNPS, but there simply isn’t time. But if you’re reading TNPS in the first place you probably share my obsession with all things international publishing, and would no doubt enjoy 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 …

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 …

Russian kids top reading poll as children’s books grow 12%. Ebooks soar 41%. Audiobook growth 72% for some

A new study shows Russia’s younger school students pipped their counterparts in Singapore and Hong Kong to take number one slot in reading skills, thanks to “new educational standards for primary school, as well as a positive parental example and the spread of electronic gadgets,” reports Kommersant. Another factor may be the growth in children’s Read More …