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 …

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. Big Bad Wolf shows the world’s demand for English-language titles, taking 2 million books to Taiwan this week Brazil’s São Paulo Biennial disappointed with fewer visitors (“only” 663,000) but they spent 33% more Amazon to open a Customer Service Centre in Colombia in October, Read More …

Akademibokhandeln and Bokus Play Q2 results hit by investments and Sweden’s heatwave

Sweden’s Akademibokhandeln Holding AB has released its Q2 results and it’s not looking good. Turnover down from 316.7 million kronor in 2017 to 314.9 million kronor ($34 million) this year. Operating profit before depreciation and amortisation decreased from SEK 1.9 million to minus 28.1 million (-$3 million). Profit after tax has decreased from – SEK 28.5 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 …

Bonnier shifts problem child Type & Tell to Adlibris

When Bonnier Books Nova launched Type & Tell back in 2015 the vision was to tap into the growing Swedish self-publishing market and cherry pick top authors for mainstream publishing. It never really took off in Sweden (just 5,000 registered users) and in early 2017 Bonnier decided to try its arm in the UK, with Read More …