Storytel aspires to be the global market leader in storytelling, whilst having a local presence and a personalized customer experience. Working with the customer in mind, we leverage modern technology to distribute high quality content on a digital platform, enriching individuals’ everyday lives. We love stories in any format and connect authors, narrators and readers. We set stories free around the world and promote enjoyment, learning and empathy and provide the opportunity to consume stories anytime, anywhere and anyhow.
The Storytel Group
Storytel is a digital platform provider as well as a comprehensive publishing group for both content creators and users allowing the company to bring together the best of technology and publishing. By focusing on making stories available on a digital platform, Storytel’s users can reap the benefits of reading in a way that fits into a modern lifestyle and makes reading feel simple and enjoyable. In the past four years, Storytel has had a compound annual growth rate (“CAGR”) of 62%, has grown the subscriber base from just above 100,000 subscribers in 2014 to over 700,000 subscribers in 2018 and aims to reach 800,000 paying subscribers by end of 2018. In the same period, the number of employees has grown from around 30 to over 400 employees in the Group and Storytel has expanded to more than 15 markets. Storytel has been producing its own audiobooks and e-books since 2013, and in 2018 Storytel will produce more than 5,000 audiobooks in 17 different languages.
Within the Streaming division, the company provides a platform and subscription service primarily for audiobooks and e-books under the Storytel brand in Sweden, Norway, Denmark, Finland, the Netherlands, Poland, Russia, India, Spain, Iceland, UAE, Italy, Turkey and Mexico, as well as under the Mofibo brand in Denmark. Storytel is also preparing for launch in Bulgaria, Singapore and Brazil.
The Print Publishing division comprises physical book imprints such as Norstedts, Massolit, Printz Publishing, the Danish publisher People’sPress, Rabén & Sjögren and B. Wahlströms, as well as Norstedts Kartor AB and book clubs. Through its publishing imprints, the Storytel Group is now a well-known physical publisher and literary agency in Europe, especially in the Nordic countries. One of the most successful authorship has been Stieg Larsson and the Millennium Series. The latest published book, Millennium 5 was released simultaneously in 26 countries.