The Week In Review

Here’s a summary of TNPS posts from the past seven days. UK’s Bradford Lit Fest and USA’s Washington National Book Fest see record attendance Sharjah Publishing City sponsors Nigerian literature award Ireland: “A buoyant time for publishing.  One of today’s most vibrant book markets.” Sweden-based Arabic-language audiobook firm Kitab Sawti attracts new investment Peru exempts Read More …

As Storytel’s 2019 Asia expansion steps up with a Thailand office, TNPS speculates where next for Storytel

Not content with its Latin America ambitions, with a Mexico launch set for December, and a Brazil launch looking likely in the New Year, Storytel has announced the next stage of its Asia expansion is underway. To start with it’s an office in Bangkok, which will be used to coordinate expansion across the continent as Read More …

Bonnier’s Bookbeat clocks 100,000 subscribers as growth continues, but UK publishers still aren’t interested

A month ahead of schedule, Bookbeat, the audiobook and ebook subscription arm of the Swedish publishing giant Bonnier, has reached its milestone of 100,000 subscribers, reports Boktugg’s Sölve Dahlgren., who says the company is on target to to reach SEK 150 million ($17 million) in revenue for the full year 2018. Bookbeat CEO Niclas Sandin Read More …

Audible UK’s £150,000 deal with LAMDA means British publishers need to up their audiobook game

The Bookseller breaks the news today that Amazon’s Audible UK has partnered with the London Academy of Music and Dramatic Arts (LAMDA) in a three year deal worth £150,000 ($195,000). Explains The Bookseller, The two organisations will develop the next generation of acting talent through scholarships and training opportunities in audio entertainment, while original audio Read More …

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 …

Storytel launches in Italy

Storytel today goes live in its thirteenth market, as Italy joins hands with Sweden, Norway, Denmark, Finland, Iceland, the Netherlands, Poland, Russia, Spain, India, the United Arab Emirates and Turkey. Launches in Bulgaria and Mexico planned for later this year. Regulars here at TNPS will not be surprised by the Italy launch, which I first Read More …

Audible India to launch in November?

Unconfirmed rumours in the Indian press suggest Amazon is readying its in-beta Audible India launch for November, to mark the India celebration of Diwali. If true the timeline will catch many by surprise. Amazon is believed to have started progressing Audible India in early 2017 and The Times of India reported Audible IN was widely 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 …