Maybe this was something that was waiting to happen. With the rapid influx of AI technologies and competitors such as Audible embracing AI in publishing audiobooks, Storytel has also jumped onto the bandwagon. The company announced it has published its first audiobook using AI. The process, though, was far from being as easy as perhaps the team behind the project might have … [Read more...] about Storytel Publishes First Audiobook Written by AI
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Authors in Iceland Advised to Boycott Storytel
Authors in Iceland aren't pleased with the manner Storytel is treating them with, the website Grapevine.is reported. They claim it to be too low to be to their liking. This has prompted the board of the Writers’ Union of Iceland (Rithöfundasamband Íslands) to advise authors not to submit their works to Storytel. This comes on the back of a survey conducted recently that … [Read more...] about Authors in Iceland Advised to Boycott Storytel
Nextory’s crackdown on ‘Excessive Use’ in Finland ignites audiobook subscription debate
In an era where audiobooks have become an integral part of daily life for many, changes in subscription models by leading providers are stirring up debates and controversies within the audiobook community. The idea of unlimited listening has long been synonymous with audiobook services. However, as BNNBreaking reported, recent actions by companies like BookBeat and Nextory … [Read more...] about Nextory’s crackdown on ‘Excessive Use’ in Finland ignites audiobook subscription debate
Storytel reports profit for the first time in seven years
Swedish audiobook distributor Storytel is celebrating a significant milestone, achieving an operating profit for the first time in seven years, The Bookseller reported. The profit amounting to SEK15m (£1.1m) for the third quarter concluding on September 30 owes it to the robust 13 percent year-on-year increase in sales at SEK842.4m (£62.1m). The notable operating profit is … [Read more...] about Storytel reports profit for the first time in seven years
Storytel ties up with Yettel Bulgaria, aiming bigger foothold in the region
Storytel announced it has entered into a partnership with the Bulgarian telecom operator Yettel Bulgaria which will let it have access to the latters more than 3 million active users, the website SeeNews reported. The Swedish audiobook streaming company currently has more thn half a million audioook to offer, many of which are in the Bulgarian language or have been written by … [Read more...] about Storytel ties up with Yettel Bulgaria, aiming bigger foothold in the region
Storytel acquires the audiobook division of Finnish bookstore chain Suomalainen Kirjakauppa
Storytel has announced via a press release the acquisition of the audiobook branch of Suomalainen Kirjakauppa, a prominent bookstore chain in Finland, from Otava Group. The merger of the subscriber base of Suomalainen Plus and Storytel has also been finalized. Suomalainen Kirjakauppa, which is owned by the Otava Group happens to be the largest bookstore chain in Finland. It … [Read more...] about Storytel acquires the audiobook division of Finnish bookstore chain Suomalainen Kirjakauppa
Storytel ties up with Flipkart to introduce regional language audiobooks in India
Storytel announced it has entered into a partnership with the leading Indian e-commerce firm Flipkart to make available audiobooks in the country. The audiobook streaming giant said they plan to make available audiobooks in 10 regional languages. With this arrangement, Storytel is hoping to cash in on the growing craze for audiobooks in India. It also seems to have hit upon the … [Read more...] about Storytel ties up with Flipkart to introduce regional language audiobooks in India
Storytel launches service in France and forges partnership with major publishers
Storytel announced it has entered into a partnership with leading French publishers such as Hachette Livre, Madrigall, Editis and Actes Sud, the company revealed in a press release. This will allow Storytel to have a better presence in the audiobook segment besides tapping into the French-language audiobook market as well. As it is, Storytel happens to be one of the largest … [Read more...] about Storytel launches service in France and forges partnership with major publishers
Storytel founder Jonas Tellander steps down after seventeen years of service
Storytel founder Jonas Tellander has stepped down as the CEO of the company after being seventeen years at the helm. As Silicon Canals reported, Deputy CEO Ingrid Bojner will be serving as the interim CEO until the Board zeroes in on someone to serve as the Chief Executive. Tellander didn't give a specific reason for him stepping down except stating that 'seventeen years of … [Read more...] about Storytel founder Jonas Tellander steps down after seventeen years of service
Storytel and Pottermore to produce audiobook version of Hogwarts Library books
Storytel and Pottermore have decided to take their partnership to the next level which will now involve creating audiobook versions of the Hogwarts Library books. Storytel has already been cooperating with Pottermore since 2016 in bringing the Harry Potter series to its subscribers the world over. This time, as PRNewsWire reported, Storytel is making it sure they are able to … [Read more...] about Storytel and Pottermore to produce audiobook version of Hogwarts Library books