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Storytel

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Storytel AB
Company typePublic
IndustryAudiobooks
Founded2006; 18 years ago (2006)
FoundersJonas Tellander
Jon Hauksson
HeadquartersStockholm, Sweden
Websitestorytel.com

Storytel AB is a Swedish audiobook streaming subscription service based in Stockholm, Sweden.

It competes with Audible and is available in more than 20 countries.[1]

History

Storytel was founded in 2006 by Jonas Tellander and Jon Hauksson.[2] The company bought Sweden's largest book publisher, Norstedts förlag, in 2016.[3]

In 2017, Storytel expanded its services to Russia, Spain, India and the United Arab Emirates.[3]

In July 2020, it acquired a 70 percent stake in Icelandic publishing house Forlagið,[4] and in January 2021, it surpassed 1.5 million paid subscribers.[5]

References

  1. ^ "Audiobook streamer Storytel sees pandemic spurring subscriber growth". Business Insider.
  2. ^ "Sweden's Storytel Continues Its Global Expansion". PublishersWeekly.com. Retrieved 2021-05-04.
  3. ^ a b Reuters Staff (March 24, 2017). "Sweden's Storytel to enter four new markets". Reuters – via www.reuters.com. {{cite news}}: |author= has generic name (help)
  4. ^ "Storytel Purchases Majority Share in Forlagið, Iceland's Largest Publisher". July 3, 2020.
  5. ^ "Storytel has surpassed the milestone 1.5 million paying subscribers". Storytel.