Russia’s LitRes expands its Poland operation as North American ebook players continue to ignore east Europe

When it comes to Russian ebooks and audio, one company leads the field. LitRes holds 66% of the Russian digital books market, is a significant player across Eurasia, and is expanding into east Europe. In 2018 LitRes saw its revenues rise 48%, and over 2 million audiobooks were sold, double that in 2017, comprising 25% Read More …

Storytel beats subscriber and revenue forecasts for Q2 with annual growth at 37%

The latest results from Storytel offer no surprises but also, sadly, no real detail beyond what we’ve come to expect. On target for one million subscribers by end 2019, Storytel hit 887,500 subscribers in Q2, an increase of 53,200 on Q1. The forecast was 800,000, and a predictable press release says simply, Storytel therefore surpasses Read More …

The imaginary death of books by streaming continues as Netflix makes “massive financial commitment” to DC’s “most-expensive TV foray ever”

Neil Gaiman’s Sandman is no stranger to options. The graphic novel has been in line to become a feature film on a few occasions, reports The Hollywood Reporter, but none managed the distance. One reason was summed up by screenwriter Eric Heiserrer, who said in 2016, the best version of this property exists as an HBO Read More …

StreetLib partners with Francophone digital books market-leader YouScribe to extend reach across Francophone Africa and beyond

StreetLib is the publisher behind The New Publishing Standard, and while TNPS is not a StreetLib promotional vehicle and we don’t routinely carry StreetLib news, StreetLib’s global expansion clearly falls within the TNPS global publishing industry news remit. As ever on such occasions, we re-print the StreetLib Press Release in full below without further TNPS commentary. Read More …

With the “attention economy” the latest buzzword excuse for perceived falling book sales, how is it Scandinavia is seeing both video and book streaming rise simultaneously?

The rise and rise of audiobook and ebook subscription streaming across the Scandinavian countries has been mentioned here at TNPS so often it hardly needs rehearsing again. But this week the tremendous interest in digital reading in northwest Europe takes on new significance as we learn that video-streaming is still rising in these same countries, Read More …

Storytel announces South Korea launch for 2019, along with Brazil, Germany and Singapore, leaving Thailand unconfirmed

We’ve known since late 2018 that Sweden-based Storytel would be launching in at least five new markets this year, and now all but one are confirmed. Storytel Singapore launched in April, and is known to have a Brazil launch due any day and a Germany launch set for the summer. Storytel launches in Singapore. Adds Read More …

Kindle CN store among the few survivors as Amazon crashes out in China

Jeff Bezos has on many occasions said he welcomes failure, because failure helps the company rethink and revitalise. That’s not a luxury every company has, but then most companies aren’t Amazon. From the Firephone to holidays to diapers, not everything Jeff Bezos touches turns to gold. This week comes news that the latest admission of Read More …

French ebook store Numilog rolls out pay-per-page reading for consumers. Will it be vulnerable to the problems that Kindle Unlimited faces?

The French ebook and audio store Numilog has been focused primarily, although not exclusively, on academic and reference books, which can be expensive to buy and often are not read end to end. That can be a deterrent to buying, unless you really need to, and so Numilog has rolled out a new consumption model Read More …

Digital serial books subscription service Serial Box raises $4.5 million. Partners with Marvel. But still we’ll be told people are reading less

Founded in 2015 by former Penguin Random House global digital director Molly Barton and co-founder Julian Yap, Serial Box is just one more example in a never ending list of digital operators that are stealing readers from mainstream bookstores and online stores, creating the fallacy that people are reading less. Serial Box is a clever play on Read More …

US e-textbook subscription service Cengage hits 1 million subscribers in just 7 months

2019 is definitely shaping up to be the year digital subscription comes of age. Hard on the heels of Scribd announcing its one millionth subscriber – Scribd defies its critics. Hits 1 million subscribers , and with Storytel on target to clear a million subscribers by end 2019 – Storytel Q4 report: Subscribers up 44% Read More …

Storytel prepares Germany launch, consolidating subscription as a serious challenger to the traditional publishing model

It all seemed so implausible at the start of this decade. Ebooks had officially arrived, thanks to Amazon’s Kindle store breathing life into a format that had been around since long before. But it was just a digital extension of the status quo retail model. It was printed books on a screen, not remotely exploring digital’s Read More …

Storytel Q4 report: Subscribers up 44% Y/Y. Streaming sales up 38%. Targets 1.1 million subscribers by end 2019

We won’t know the full story for Storytel 2018 until April, but the Q4 results are out and include an overview of the year, and a clear picture is emerging of consistent and sustainable growth, driven by digital. As I’ll explore in a follow-up report on the Swedish book market, what we are seeing in Read More …

‘Jessica Jones,’ ‘Punisher’ Canceled. Netflix led the streaming surge and now pays the price as suppliers copy the Netflix model and content is siloed

“Jessica Jones, Punisher Canceled as Netflix Completes Marvel Purge” runs the headline in The Hollywood Reporter, but it’s not so much a purge as the inevitable consequence of the direction video streaming is taking. And publishing is not so far behind. Original content is of course a great draw for consumers, to a degree. But Read More …

Storytel partners with airline and ups its reading game with Ztory buy out. Spotify gets into podcasts. Others discuss digital fatigue

It sometimes seems like the US book market and the rest of the world are on different planets. “Capitalizing on Book Publishing Trends in 2019” is the title of a free webinair from Book Business later this month. I did think about signing up, but when they wanted my address and telephone number as compulsory Read More …

Scribd defies its critics. Hits 1 million subscribers

It all seemed so improbable just a few years ago, when many believed Scribd would follow Oyster into oblivion as Amazon moved into the ebook subscription game. And then of course there’s all that nonsense about how people are reading less nowadays and how the digital reading fad has faded and how… By the logic Read More …

Storytel launches in Bulgaria – 15th market. Storytel international site links drops from 30 to 17 countries

The official press release doesn’t tell us much, but Storytel Bulgaria is now officially Storytel’s 15th market, fifteen months after Storytel acquired the Bulgarian audiobook firm D&D Factory. No numbers for Bulgarian content, but what there is will be available alongside Storytel’s 50,000 English-language titles. UPDATE: Storytel Bulgaria launches with 300 titles in Bulgarian. Stefan Read More …

Storytel confirms Bulgaria launch for 2018. At least six new markets in 2019 (inc. Brazil and Singapore). Mofibo ebooks to come under Storytel brand

Although we don’t have the date yet, it’s now official that Storytel will be launching in Bulgaria this year, and as there’s only this month to go it now seems certain Storytel Bulgaria will formally be announced in the Bulgarian capital at the Sofia Literary Festival (11-16 December), running in tandem with the Sofia International Read More …

In the fight against Storytel, Denmark’s JP/Politikens Hus acquires Danish online bookshop Saxo.com

The acquisition, subject to regulatory authority approval, of Denmark’s largest online bookstore Saxo by minority stake-holder JP/Politikens Hus has repercussions beyond the Danish border. If the translation is accurate, Saxo’s Jørgen Balle Olesen said in a press release, I hand over the keys to JP / Politikens Hus with a mixture of pride and vodka. Fortunately, Read More …

Falling Fiction Sales -Why Is It Happening? – The Hot Sheet Reviewed – 14 November 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 (when possible) 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 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 …