Sweden’s acquisitive Storytel purchased People’s Press in Denmark, which publishes about 100 titles a year, as of March 1. They paid approximately $10.7 million. People’s Press had 2016 sales of about $14.5 million, and has a backlist of approximately 1,200 titles. Storytel acquired audiobook publisher Kontentan earlier this year, following last year’s purchases of Norstedts and Mobifo. The publisher now operates in Sweden, Norway, Denmark, Finland, the Netherlands and Poland, and their digital service has approximately 340,000 paid subscribers. They will combine their Copenhagen office with People’s Press. Announced now but underway for some time, Georgina Capel Associates has paired with former ITV executive […]
