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 …

Bookbeat beats forecast, topping 200,000 subscribers. Revenues up 126%. And a promising start in the Netherlands

With its recent 24-country expansion still too new to have had any impact on the numbers, Bookbeat has never the less delivered a stunning result for Q2, with revenues up 126% on the same quarter in 2018. The full year 2019 target is 100% growth, and with Q2 also seeing the 200,000 subscriber target passed, Read More …

In the audiobook market stakes, Bookbeat takes a surprise lead, adding 24 markets. Total 28. But this isn’t a gamechanger yet

With just 50,000 titles Bonnier’s Bookbeat is no match for Audible or Storytel in volume terms, and we shouldn’t see the sudden leap from 4 to 28 markets as a gamechanger for CEO Niclas Sandin. Sandin himself concedes as much. The press release Sandin optimistically states, We believe that the audio book can become one 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 …

Audiobook revenue doubled in Finland in 2018

While the end of year results are not yet known, audiobook revenues doubled in Finland up until September 2018, standing at 2.5 million euros ($2.8 million) and accounting for 3% of total book sales. Market leader Bookbeat, part of Sweden’s Bonnier, as reported here recently had 150,000 subscribers at end 2019, and Finland’s M&M says 70,000 Read More …

Sweden’s Bookbeat grew 163% to 150,000 in 2018. Targets 250,000 subscribers by end 2019

Swedish streaming service Bookbeat may have put the UK on hold, but it’s still battling for market share in Finland, Germany and homeland Sweden, with Finland performing well. In an interview with Sweden’s Boktugg, Bookbeat CEO Niclas Sandin intimated he expected more growth from Germany in 2019 and that together Germany and Finland might exceed Read More …

As Storytel Q3 results show 730,000 subscribers, with streaming revenue up 43% Y/Y, fourth place rival Bokus Play plays the discount game to stay relevant

It was never going to be easy for new kid on the Scandinavian audiobook block, Bokus Play. Storytel is far and away the strongest player, both at home and abroad, with BookBeat and Nextory so comfortably in second  and third place it seemed like there was no room for a fourth player. Even one with 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 …

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 …

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 …

Sweden’s Nextory wants to be the biggest ebook player in Scandinavia even as Amazon prepares its Nordic launch. Suicidal? No. Once again books are not on Amazon’s agenda

There are three big digital book players in Sweden – Storytel, Bonnier’s Bookbeat, and Nextory. And this week comes news that Nextory has raised SEK 51 million ($6.2 million) as part of plans to become the biggest ebook operator in Sweden, and beyond. The fresh money (on top of SEK 50 million previously raised) comes Read More …

As Bokus prepares to launch audiobook-streaming in Sweden, Bookbeat is upbeat about prospects

Akademibokhandel’s subsidiary Bokus will start audiobook streaming in Sweden this spring, going head to head with Storytel, Bookbeat and Nextory. Boktugg reports this week that Bonnier-owned Bookbeat saw revenue rise 283% last year and that it is is hoping to hit SEK 100 million ($12 million) soon, as it adds Spain and Italy to its Read More …