Storytel
Swedish audiobook company
From Wikipedia, the free encyclopedia
Storytel AB is a Swedish e-book and audiobook subscription service based in Stockholm. It is available in more than 25 countries.[1] Its English audiobook service Audiobooks.com is available in more than 150 countries.[2]
| |
| Company type | Public |
|---|---|
| Nasdaq Stockholm: STORY B | |
| Industry | Audiobooks |
| Founded | 2006 |
| Founders | Jonas Tellander Jon Hauksson |
| Headquarters | Stockholm, Sweden |
Key people | Bodil Eriksson Torp (CEO) |
| Website | storytel audiobooks |
History
Storytel was founded in 2006 by Jonas Tellander and Jon Hauksson.[3]
In 2016, Storytel acquired Norstedts förlag, one of Sweden's largest book publishers, and Mofibo, a Danish book service.[4][5] The following year, Storytel acquired People's Press, another Danish publisher, and expanded its operations to Russia, Spain, India, and the United Arab Emirates.[6]
In 2018, Storytel acquired Seslenen Kitaplar, a Turkish audiobook service.[7] A year later, in 2019, it acquired Gummerus, Finland's oldest publishing house.[8]
In July 2020, Storytel acquired a 70 percent stake in Forlagið, an Icelandic publishing house.[9]
In November 2021, Storytel acquired Audiobooks.com from RBMedia for $135 million.[10][11]
In February 2022, Jonas Tellander stepped down as the CEO for personal reasons and joined the board of directors.[12] In August 2022, Johannes Larcher, formerly an executive at HBO, was appointed as CEO.[13] In July 2024 it was announced that Bodil Eriksson Torp is appointed new CEO of Storytel Group.[14]
Controversies
Storytel has been investigated for anti-competitive practices in Turkey, Iceland and other countries.[15][16][17]