Storytel
 | |
| Company type | Public |
|---|---|
| Industry | Audiobooks |
| Founded | 2006 |
| Founders | Jonas Tellander Jon Hauksson |
| Headquarters | Stockholm, Sweden |
| Website | storytel |
Storytel AB is a Swedish audiobook streaming subscription service based in Stockholm, Sweden.
It competes with Audible on a monthly credit model, 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 2016, Storytel acquired the Danish book service Mofibo [4]
In 2017, Storytel acquired the Danish publisher People's Press [5]
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,[6] and in January 2021, it surpassed 1.5 million paid subscribers.[7]
In November 2021, RBMedia announced that its property Audiobooks.com was being sold to Storytel for $135 million.[8] Audiobooks.com was originally purchased by RBMedia in 2017 from Canadian owners.[9] At the time of purchase, Audiobooks.com was used by about 17% of audiobook buyers and the purchase was seen as a significant entry for Storytel into the large English-speaking markets.[8]
References
- ^ "Audiobook streamer Storytel sees pandemic spurring subscriber growth". Business Insider.
- ^ "Sweden's Storytel Continues Its Global Expansion". PublishersWeekly.com. Retrieved 2021-05-04.
- ^ 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) - ^ "Storytel køber bogtjenesten Mofibo | Mofibo". via.ritzau.dk (in Danish). Retrieved 2021-10-13.
- ^ "Storytel opkøber forlaget People's Press". mediawatch.dk (in Danish). 2017-03-02. Retrieved 2021-10-13.
- ^ "Storytel Purchases Majority Share in Forlagið, Iceland's Largest Publisher". July 3, 2020.
- ^ "Storytel has surpassed the milestone 1.5 million paying subscribers". Storytel.
- ^ a b Ruth Comerford (November 13, 2021). "Storytel extends into English language market with $135m Audiobooks deal". The Bookseller. Retrieved November 13, 2021.
- ^ Heloise Wood (April 11, 2017). "Newly formed RBmedia buys Audiobooks.com". The Bookseller. Retrieved October 22, 2017.
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