The TNPS Week In Review – Nov. 4-Nov 10

This past week on TNPS:   Sales down but visitors up at Brazil’s Porto Alegre Book Fair. The world’s untracked book sales redux.   The Handmaid’s Tale released in UAE as Arab book market globalisation builds.   Bangladesh Book Fair in Kolkata sets the scene for Kolkata IBF and the Amar Ekushey Boi Mela.   Read More …

Amazon finally launches Audible in India, almost a year after Storytel. Sticks to one audiobook subscription model against Storytel’s unlimited ebooks and audio

Impossible to second-guess why this took so long – the expectation was early 2018 – but Amazon has finally launched a beta version of Audible in India, and it has stuck to its standard model despite an almost year long head start by rival Storytel. Sweden’s Storytel beats Amazon’s Audible to the India audiobook market Read More …

After the Scribd-NYT subscription deal, Sweden’s Bookbeat ties a bundled deal with Dagens Nyheter. But are Storytel’s rivals up to the challenges ahead?

If the Scribd-New York Times subscription bundle made the headlines in the Anglophone world, it is Bookbeat’s deal with Dagen Nyheter that is the big news in Scandinavia. Bookbeat, second player to Storytel in the Nordic audiobook and ebook subscription stakes, has signed a deal with the Swedish digital news service (Dagens Nyheter = Today’s Read More …

Denmark’s publishers perform u-turn on digital libraries as Storytel and co. show consumers want ebooks and audio

Denmark’s digital library service Ereolen has seen the number of ebook titles in its catalogue soar from 18,000 in September 2017 to 29,000 in September 2018. The 65% boost is due to Denmark’s biggest publishers embracing the option rather than lose ground to audiobook and ebook subscription services like Storytel. Denmark’s largest publisher, Gyldendal, returned Read More …

Storytel to launch in Singapore in 2019

In marked contrast to Storytel’s usual approach of keeping quiet about new launches until everything is ready to go, Storytel’s Asia expansion plans are being announced well in advance. This week comes a Storytel press release confirming Storytel will be launching in Singapore in 2019, with titles in English and Chinese. This will come as no Read More …

Thalia invests in Skoobe as Storytel booms. Amazon’s KU a magnet for scammers

As I write this, HarperCollins’ CEO Charlie Redmayne is due to make a keynote speech at Frankfurt on the subscription model. Too soon to report on that, but in a preview interview over at Publishing Perspectives earlier this month Redmayne said, Ultimately, if subscription is a business model that consumers buy into, then it’s incumbent Read More …

The Week In Review

Here’s a second chance to see the TNPS post from the past seven days. Start the Day Global – 30 September 2018 Sweden’s Storytel Arabia partners with Jordan’s Jamalon to expand MENA audiobook reach Nigerian student writer wins trip to Sharjah International Book fair. They never had prizes like that when I was a kid! Read More …

Nextory partners with Libreka to prepare a Germany launch, competing with BookBeat and Amazon. Storytel prefers the low-hanging fruit

This is Storytel’s global reach as we start October 2018: Sweden, Norway, Denmark, Finland, Iceland, Netherlands, Poland, Russia, Spain, India, United Arab Emirates, Turkey and Italy, with imminent launches in Bulgaria and Mexico, and a Brazil launch unconfirmed but looking likely. With the exception of Italy, none are countries where Amazon’s Audible is an active Read More …

Storytel sees 42.3% revenue growth in Q3. Adds 100,000 new subscribers. Over half of all revenue now comes from international sites

First, the numbers. Despite adding 100,000 subscribers, Storytel missed its 725,000 target for Q3, averaging just 720,900. But streaming revenue exceeded expectations, coming in at SEK 280 million ($30.8 million), against a forecast of 275.5 million. International subscriptions rose by 78,200 to a total of 384,700 but there is no breakdown offered on which countries Read More …

Bonnier’s BookBeat reports 97% growth against fierce competition from Storytel. German investment next. UK still on the backburner

While US and UK publishers watch the Scandinavian experiment from a safe distance, a mixture of envy and fear in their eyes, Sweden’s BookBeat goes from strength to strength, leaving no doubt that, whatever publishers may feel about the subscription model, consumers love it. Bookbeat’s June, July and August revenue grew 97% compared to 2017, Read More …

Sweden’s Storytel Arabia partners with Jordan’s Jamalon to expand MENA audiobook reach

Hat tip to Bodour Al Qasimi (@Bodour) for spotting this story before it made my in-tray. I mentioned Jamalon here just a few days ago when looking at the Amman International Book Fair, happening in Jordan right now. As the Amman International Book Fair gets underway, say hello to Jamalon and Yaqut – Jordan’s hidden Read More …

The Week In Review

Here’s a summary of TNPS posts from the past seven days. Sao Paulo’s Avenida Paulista bookstore closes – Fnac Brazil now has just one bookstore standing Setswana? Indonesian? Can you tell the difference? Nor can Microsoft A mermaid wearing a bra among the books banned in Kuwait, but protests are gathering momentum Big Bad Wolf Read More …

Four in ten books sold in Sweden are through a subscription service. But might both print and ebooks be the casualties of the great Scandinavian experiment?

Forty percent of books sold in Sweden are through a subscription service. Total book sales revenue in Sweden increased by 6.2% last year but, perhaps unsurprisingly given the rise and rise of the subscription model in Scandinavia, digital is leading the charge. And traditional bookselling outlets are getting hammered. While there are many upsides to Read More …

Storytel’s Jonas Tellander responds to the Swedish audiobook royalties storm

Svensk Bokhandel, the Swedish publishing industry journal that broke the story about Storytel’s two tier royalties – one level for Bonnier, another for everyone else – carries a response from Storytel CEO Jonas Tellander today. I want to be transparent and answer any questions I can answer. The last thing I want to be is Read More …

Storytel raise half billion kroner for Latin America and Asia expansion

While Storytel has been having a rough time in the Swedish publishing media over its variable royalty arrangements, the Stockholm stock exchange has (albeit without much enthusiasm – see below) agreed to a quest to raise an additional half billion kroner ($55.8 million). Sweden’s Digital runs this story with the headline, Storytel takes in a Read More …

Storytel’s royalty model “rigged and manipulated.” Storm brews over Storytel’s privileged agreement with Bonnier

With Storytel under increasing pressure from rival operators in the Swedish audiobook arena two things were inevitable. First, Storytel’s market share would fall. And consequent on that Storytel would need to review its royalty arrangements for its content suppliers – in this case established publishers, as Storytel does not deal direct with authors as per Read More …

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 …

Sweden-based Arabic-language audiobook firm Kitab Sawti attracts new investment

We’re just a few weeks shy of the first anniversary of The New Publishing Standard, and if I had to identify one regret at how things have progressed this past eleven months it would be that I’ve not had the time to pursue and develop the many smaller and quirkier international publishing stories that have Read More …

The Week In Review

Here’s a summary of TNPS posts from the past seven days. Book reading down slightly in New Zealand. More than half read NZ authors Storytel Brazil 2019 launch whispers grows louder Spanish book market valued at minimum $2.7 billion. Paperback and ebook sales both rising Côte d’Ivoire: francophone Africa publishing insights Is Amazon preparing a 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 …