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 …

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 …

Storytel launches in UAE. Joins Dhad, Booklava 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 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 …

Did Amazon’s Audible inadvertently create the current royalties mess by incentivizing listeners to skip forward in the audiobook? – The Hot Sheet reviewed. First March 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 …

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 …

The cold-call origins of Storytel India

Today Storytel India offers over 1,000 titles on its localized app. Not bad going for an operation that only went live in November and began with a cold-call email from an avid Indian reader. How Storytel came to beat Amazon’s Audible to India – Sweden’s Storytel beats Amazon’s Audible to the India audiobook market and Read More …

Storytel has 300,000 Swedish subscribers, a further 250,000 beyond and is aiming for thirty countries

The audiobook subscription service Storytel announced this past week that it has surpassed 300,000 paying subscribers in its homeland Sweden, with Swedes listening to almost 100 million hours in 2017, compared with 65 million hours the year before. In November Storytel reported being just below 300,000 with a total of 530,000 subscribers, since when it Read More …

Bonnier’s Bookbeat headhunt’s Amazon Audible’s finest for Bookbeat Germany

Back in September Bonnier’s audiobook arm Bookbeat added Germany to its portfolio of satellite sites in Finland and the UK and its home base in Sweden. This week comes news that Bookbeat has headhunted Amazon Audible Germany’s Kathrin Rüstig to head Content and Publisher Relations at the Bookbeat DE operation. In doing so Bonnier doesn’t Read More …

12 mind-blowing book events you probably never knew happened in 2017

Usually on alternate Sundays I review the latest Hot Sheet from Jane Friedman and Porter Anderson, but this time around it was a review of the past year and much of what is covered has been discussed in previous reviews here, so this week I’m doing my own TNPS-style review of the 2017 publishing year Read More …

Dhad – the Arab world’s answer to Audible audiobooks

While we all love what Amazon is doing with the Kindle stores and Audible, the sad reality is the Kindle store and Audible only cater to a fraction of the world’s readers and listeners, leaving the door wide open to other players. As reported here at TNPS recently, Sweden’s Storytel has been quick to step Read More …

Storytel dots the ‘i’s with an Italy launch pending, having just opened in India

It seems like only days ago that I reported here on TNPS that Storytel has launched in India, beating Amazon’s Audible, not due to go live in India until the new year some time. Storytel also has a launch in the United Arab Emirates pending. Sweden’s Storytel beats Amazon’s Audible to the India audiobook market Read More …

The Hot Sheet Reviewed – third November 2017 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 twice-monthly 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 …

Sweden’s Storytel beats Amazon’s Audible to the India audiobook market

Audiobook producer and distributor Storytel added its ninth global audiobook subscription platform this week. India joins home country Sweden, and Denmark, Finland, Norway, Netherlands, Poland, Russia and Spain in having a Storytel platform. The United Arab Emirates may be next. Storytel is one of the world’s largest audiobook producers and distributors, turning out about 2,000 Read More …