![]() Storytel’s streaming business is conducted under the brands Storytel and Mofibo. Storytel is one of the world’s largest subscribed audiobook and e-book streaming services and offers listening and reading of more than 500 000 titles on a global scale. We are confident that great digital brands like Storytel will recognize the potential of direct carrier billing in reaching new consumer segments,” said Jonathan Bennett, Chief Commercial Officer at DOCOMO Digital. And this is a great example of our growing partnership with the Telenor group across multiple markets. “We are very pleased to see our partnership with Storytel taking shape with this rollout with Telenor Bulgaria. We are committed to offering our users a personalised and delightful digital content experience, and this partnership is yet another step on that mission”, said Liza Vasileva, Country Manager Bulgaria at Storytel. Forlagið also sells books directly to consumers via its online store and one retail store in Reykjavík.“Bringing Storytel’s offering of great stories and content to our consumers in Bulgaria with direct carrier billing is very exciting, and this has been a great experience thanks to DOCOMO Digital. It is the largest publisher of books in Icelandic, and publishes printed books, audio books and e-books. Storytel operates in over 20 markets worldwide and is headquartered in Stockholm, Sweden.įorlagið is an Icelandic publishing house. Storytel’s publishing business area is carried out through the audiobook publisher StorySide and Nordic publishing houses such as Norstedts, People’s Press and Gummerus. Storytel’s streaming business is operated under the brands Storytel and Mofibo. Storytel is an audiobook and e-book streaming and publishing company. ICA will subsequently examine whether there is a reason to compile and publish selected insights and information regarding the markets for books in Icelandic obtained during the investigation. Therefore, there is no need for the Authority to adopt a formal decision regarding the merger. On 21 December 2020, ICA received a letter from the merging parties stating that the merger notification had been withdrawn. The merging parties were given the utmost opportunity to object, present further observations and suggest remedies. ICA considered that intervention might be necessary. On 27 November 2020, ICA published a Statement of Objections to the merging parties, describing the preliminary view of the authority that the merger would distort competition in markets for books in Icelandic, particularly for publication of printed books and audio books as well as sales of audio books to consumers. ICA received comments from various market participants, competitors, and writers, many of whom expressed concerns about the merger and its impact on competition in the relevant markets. ![]() The Icelandic Competition Authority (ICA) has recently had under investigation Storytel AB's proposed acquisition of 70% of Forlagið’s share capital, but the merging parties notified the merger in accordance with Icelandic competition law.ĭuring the investigation, ICA obtained information from the merging parties, as well as other stakeholders active in the relevant markets. Storytel AB withdraws merger notification regarding its acquisition of a 70% share in Forlagið ![]()
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