Anurev predicts that by the end of 2022, audiobook subscriptions will increase LitRes' share of the audiobook market to 72%. According to him, in the first quarter of this year, their service's share of the audiobook subscription market was 66%, Storytel's was 28%, and Bookmate's was less than 1.5%.
After the start of the Russian special operation on the territory of Ukraine, the book industry, like others, began to have problems: many foreign writers, such as Stephen King, Neil Gaiman, Rebecca Kuang, Joan Rowling, Linwood Barclay and others, suspended work with Russian publishers. The list compiled by Eksmo Publishing House based on the results of the first half of the year includes several dozen Western publishers, such as Macmillan Publishers, Simon & Schuster, Hachette UK, Ebury albania whatsapp number list , Berrett Kohler and others, wholesale book sellers (Gardners) and agencies (Michael O'Mara), who froze relations with Russia.
According to the Russian Book Union (RBU), the share of foreign authors in the total revenue of the Russian book market is 40%. According to the director of the content development department of the LitRes group, Evgeny Selivanov, foreign writers make up 38-40% of the service's revenue.
Purchase of liters
As Leonid Delitsyn, an analyst at FG Finam, told Runet, the service could be valued at 16 billion rubles. Another source in the book market told Runet that the value could be 14–16 billion rubles.
According to Delitsyn, Ozon wants to buy out LitRes in order to maintain its capitalization.
"Ozon must show high revenue growth rates, and organic growth is probably not enough. It needs acquisitions. LitRes managed to repeat Steve Jobs' trick and make Internet users buy what they are used to getting for free. In the case of LitRes, these are e-books. Ozon has been keeping an eye on this market for a long time and acquired a stake in LitRes back in 2014," the expert said.
The press service of Ozon, LitRes and Eksmo-AST did not respond to Runet’s request.