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
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
Will audiobooks surpass eBooks in popularity?
Audiobooks are all the craze these days. The pandemic brought into focus eBooks and audiobooks which came across as a no-contact means of accessing new reading material. However, while the eBook craze seems to have somewhat frittered away, demand for audiobooks continues to be steady and strong. With the pandemic easing a bit and bookstores across the world getting back to … [Read more...] about Will audiobooks surpass eBooks in popularity?
Audiobooks are the biggest draw at the Riyadh Book Fair
The annual Riyadh International Book fair serves as the meeting ground of booklovers in the region though it is audiobooks that have emerged as the crowd favorite. That again is quite in line with global trends where audiobooks have seen a sharp rise in its popularity the world over. Many of the readers and publishers attribute the growing popularity of audiobooks to the … [Read more...] about Audiobooks are the biggest draw at the Riyadh Book Fair
Storytel and LitRes fuel audiobook uptake in Russia
Russia is another country to be witnessing a steady rise in the popularity of audiobooks, as with many other parts of the world. Storytel, which has a strong presence in the country reported a 45 percent rise in audiobook downloads which is higher than the 35 percent rise it has witnessed in the rest of the world. Storytel also stated audiobooks started gaining popularity in … [Read more...] about Storytel and LitRes fuel audiobook uptake in Russia
Storytel and Sony Yay! hosts storytelling session for kids and their mothers
Storytel, one of the leading providers of eBook and audiobook streaming services recently joined hands with the kid’s channel Sony Yay! to host a DIY and storytelling session targeted at kids and their mothers. As animationexpress reported, the activity involving Storytel was carried out under the Mom & Me Time initiative of Sony Yay! and aimed at highlighting how reading … [Read more...] about Storytel and Sony Yay! hosts storytelling session for kids and their mothers
Storytel reports strong Nordic performance
Storytel reported mixed second-quarter performance results that saw its sales and subscriber base registering healthy growth in the Nordic region even though the same in other parts of the world remained under stress. The Swedish audiobook streaming service provider said its streaming sales were up 19 percent over Q2 2020 while the subscriber base jumped 29 percent … [Read more...] about Storytel reports strong Nordic performance
Storytel now offering Tamil language audiobooks in India
Storytel has announced it will now be offering Tamil language audiobooks in India, which is just one of the several other Indian languages that the audiobook and e-book platform has been supporting in the country. As of now, there are going to be more than a thousand audiobooks available in the Tamil language. It has scores of Tamil eBooks to offer though, which includes those … [Read more...] about Storytel now offering Tamil language audiobooks in India