The Indonesia International Book Fair is underway. An analogue book fair in the world’s fifth largest country by internet users

With one million books up for grabs at big discounts this year’s Indonesia International Book Fair should pull in big crowds in what I regard as one of the planet’s most exciting publishing prospects. One million books at a book fair may sound like a lot, but it’s small beer compared to the 5.5 million 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. 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 …

PRH’s Markus Dohle says audiobooks are the future, not the ebook, as Storytel Arabia ramps up production. But is Dohle missing the bigger picture?

“Audiobooks are the future, not ebooks,” said Penguin Random House CEO Markus Dohle last week at Spain’s Forum Edita at the Barcelona School of Management of the Pompeu Fabra University. Talking about book publishing in general, Dohle said, The sector is experiencing the best moment of the last fifty years … and maybe of the last five Read More …

Storytel reports strong growth. Beats Q2 expectations

With 621,000 subscribers in Q2 2018, up nearly 200,000 on the same period 2017, Storytel’s CEO Jonas Tellander is reporting another quarter of strong growth. In a press release Storytel announced, Streaming revenues for the period totaled circa 239 MSEK ($27.3 million), which corresponds to 43% in annual revenue growth, slightly more than three million 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 …