Storytel’s subscription royalties rose 6.4% in Q2. But is $0.20 per hour enough to keep publishers happy? Does the subscription model have a future?
At the start of this year Storytel changed its remuneration model for publishers, from a fixed payment per unit consumed to a rate per hour of consumption. Under the old model Storytel paid publishers between $1.81-$2.13 per book consumed, which disproportionately rewarded shorter works and penalized longer ones. It’s a debate we are all familiar Read More …
