 | |
| Type | Public |
|---|---|
| Industry | Audiobooks |
| Founded | 2006 |
| Founders | Jonas Tellander Jon Hauksson |
| Headquarters | Stockholm, Sweden |
| Website | storytel audiobooks |
Storytel AB is a Stockholm-based e-book and audiobook subscription service.
It compares with Audible, and is available in more than 25 countries. [1] Its English audiobook service Audiobooks.com is available in more than 150 countries. [2]
Storytel was founded in 2006 by Jonas Tellander and Jon Hauksson. [3] The company bought one of Sweden's largest book publishers, Norstedts förlag, in 2016. [4]
In 2016, Storytel acquired the Danish book service Mofibo. [5]
In 2017, Storytel acquired the Danish publisher People's Press. [6]
In 2017, Storytel expanded its services to Russia, Spain, India and the United Arab Emirates. [4]
In 2018, Storytel purchased the Turkish audiobook service Seslenen Kitaplar, and Turkey became the 19th country in which Storytel services exist. [7]
In September 2019 it acquired Finland's oldest publishing house Gummerus. [8]
In July 2020 it acquired a 70 percent stake in Icelandic publishing house Forlagið. [9]
In January 2021 it surpassed 1.5 million paid subscribers. [10]
In November 2021, RBMedia announced that its property Audiobooks.com was being sold to Storytel for $135 million. [11] [12] 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. [11]
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. [13]
In August 2022, Johannes Larcher, a former executive at HBO, was appointed as Storytel's new CEO. [14]
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