Storytel AB is a
Stockholm
Stockholm () is the Capital city, capital and List of urban areas in Sweden by population, largest city of Sweden as well as the List of urban areas in the Nordic countries, largest urban area in Scandinavia. Approximately 980,000 people liv ...
-based e-book and audiobook subscription service.
It compares with
Audible
Audible may refer to:
* Audible (service), an online audiobook store
* Audible (American football), a tactic used by quarterbacks
* ''Audible'' (film), a short documentary film featuring a deaf high school football player
* Audible finish or rush ...
using a monthly credit model, and is available in more than 25 countries. Its English audiobook service
Audiobooks.com
Storytel AB is a Stockholm-based e-book and audiobook subscription service.
It compares with Audible using a monthly credit model, and is available in more than 25 countries. Its English audiobook service Audiobooks.com is available in more th ...
is available in more than 150 countries.
History
Storytel was founded in 2006 by Jonas Tellander and Jon Hauksson. The company bought Sweden's largest book publisher,
Norstedts förlag, in 2016.
In 2016, Storytel acquired the Danish book service Mofibo.
In 2017, Storytel acquired the Danish publisher People's Press.
In 2017, Storytel expanded its services to
Russia
Russia (, , ), or the Russian Federation, is a List of transcontinental countries, transcontinental country spanning Eastern Europe and North Asia, Northern Asia. It is the List of countries and dependencies by area, largest country in the ...
,
Spain
, image_flag = Bandera de España.svg
, image_coat = Escudo de España (mazonado).svg
, national_motto = ''Plus ultra'' (Latin)(English: "Further Beyond")
, national_anthem = (English: "Royal March")
, i ...
,
India
India, officially the Republic of India (Hindi: ), is a country in South Asia. It is the seventh-largest country by area, the second-most populous country, and the most populous democracy in the world. Bounded by the Indian Ocean on the so ...
and the
United Arab Emirates
The United Arab Emirates (UAE; ar, اَلْإِمَارَات الْعَرَبِيَة الْمُتَحِدَة ), or simply the Emirates ( ar, الِْإمَارَات ), is a country in Western Asia (The Middle East). It is located at th ...
.
In 2018, Storytel purchased the Turkish audiobook service Seslenen Kitaplar, and
Turkey
Turkey ( tr, Türkiye ), officially the Republic of Türkiye ( tr, Türkiye Cumhuriyeti, links=no ), is a list of transcontinental countries, transcontinental country located mainly on the Anatolia, Anatolian Peninsula in Western Asia, with ...
became the 19th country in which Storytel services exist.
In September 2019 it acquired Finland's oldest publshing house
Gummerus
Gummerus Oy is a Finnish media group that was founded in Jyväskylä in 1872 by Kaarle Jaakko Gummerus. In 1985, it moved its headquarters from Jyväskylä to Helsinki. In 2008, it had an annual turnover of EUR 26,9 million. Annually, ...
.
In July 2020 it acquired a 70 percent stake in Icelandic publishing house
Forlagið
Forlagið (meaning "The Publishing House") is the largest publishing house in Iceland. It publishes around 150 titles a year under five different imprints: JPV, Mál og menning, , , and Ókeibækur. It is also publishes maps.
The company was cr ...
.
In January 2021 it surpassed 1.5 million paid subscribers.
In November 2021,
RBMedia
RBMedia is an audiobook publishing company with sales globally. It claims to be the largest audiobook publisher in the world. It was founded in 2017 through the acquisitions of independent audiobook companies. The companies, which now operate as ...
announced that its property Audiobooks.com was being sold to Storytel for $135 million.
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.
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.
In August 2022, Johannes Larcher, a former executive at HBO, was appointed as Storytel's new CEO.
[https://www.publishersweekly.com/pw/by-topic/international/international-book-news/article/90204-sweden-s-storytel-appoints-hbo-exec-as-ceo.html]
References
{{reflist
External links
StorytelAudiobooks.com
Audiobook companies and organizations
Subscription services
Swedish companies established in 2006
Internet properties established in 2006
Companies based in Stockholm
Companies listed on Nasdaq Stockholm