Storytel

Storytel

Storytel

Swedish audiobook company

Storytel AB is a Stockholm-based e-book and audiobook subscription service.

Quick Facts Company type, Industry ...

It is available in more than 25 countries.[1] Its English audiobook service Audiobooks.com is available in more than 150 countries.[2]

History

Storytel was founded in 2006 by Jonas Tellander and Jon Hauksson.[3] The company bought one of Sweden's largest book publishers, Norstedts förlag, in 2016.[4]

In 2016, Storytel acquired the Danish book service Mofibo.[5]

In 2017, Storytel acquired the Danish publisher People's Press.[6]

In 2017, Storytel expanded its services to Russia, Spain, India and the United Arab Emirates.[4]

In 2018, Storytel purchased the Turkish audiobook service Seslenen Kitaplar, and Turkey became the 19th country in which Storytel services exist.[7]

In September 2019 it acquired Finland's oldest publishing house Gummerus.[8]

In July 2020 it acquired a 70 percent stake in Icelandic publishing house Forlagið.[9]

In January 2021 it surpassed 1.5 million paid subscribers.[10]

In November 2021, RBMedia announced that its property Audiobooks.com was being sold to Storytel for $135 million.[11][12] At the time of purchase, Audiobooks.com was used by about 17% of audiobook buyers, and the acquisition was seen as a way for Storytel to enter the large English-speaking marketplace.[11]

On February 18, 2022, co-founder and CEO from the beginning, Jonas Tellander, stepped down from his position for personal reasons; he is on the board of directors.[13]

In August 2022, Johannes Larcher, a former executive at HBO, was appointed as Storytel's new CEO.[14]

References

  1. [1]
    "Audiobook streamer Storytel sees pandemic spurring subscriber growth". Business Insider.
  2. [2]
    "Storytel enters the U.S. with acquisition of Audiobooks.com". Reuters.
  3. [3]
    "Sweden's Storytel Continues Its Global Expansion". PublishersWeekly.com. Retrieved 2021-05-04.
  4. [4]
    "Sweden's Storytel to enter four new markets". Reuters. March 24, 2017 – via www.reuters.com.
  5. [5]
    "Storytel køber bogtjenesten Mofibo | Mofibo". via.ritzau.dk (in Danish). Retrieved 2021-10-13.
  6. [6]
    "Storytel opkøber forlaget People's Press". mediawatch.dk (in Danish). 2017-03-02. Retrieved 2021-10-13.
  7. [7]
    "Türkiye, 19 ülke içinde en hızlı büyüyen oldu". Ekonomist (in Turkish). 2020-04-28. Retrieved 2022-04-12.
  8. [8]
    "Kirjojen suoratoistopalvelu Storytel ostaa Suomen kolmanneksi suurimman kustantamon Gummeruksen". Helsingin Sanomat. 2019-09-17. Retrieved 2023-01-04.
  9. [9]
    "Storytel Purchases Majority Share in Forlagið, Iceland's Largest Publisher". July 3, 2020.
  10. [10]
    "Storytel has surpassed the milestone 1.5 million paying subscribers". Storytel.
  11. [11]
    Ruth Comerford (November 13, 2021). "Storytel extends into English language market with $135m Audiobooks deal". The Bookseller. Retrieved November 13, 2021.
  12. [12]
    Heloise Wood (April 11, 2017). "Newly formed RBmedia buys Audiobooks.com". The Bookseller. Retrieved October 22, 2017.
  13. [13]
    "Jonas Tellander to step down as Storytel CEO – search process for a new CEO initiated". Storytel. Retrieved 2022-02-18.
  14. [14]
    https://www.publishersweekly.com/pw/by-topic/international/international-book-news/article/90204-sweden-s-storytel-appoints-hbo-exec-as-ceo.doc
Share this article:

This article uses material from the Wikipedia article Storytel, and is written by contributors. Text is available under a CC BY-SA 4.0 International License; additional terms may apply. Images, videos and audio are available under their respective licenses.