Tag Archives: Bookery

Bonnier takes digital disruption seriously, establishes publishing company for ebooks and audiobooks

2017-03-28

Very few (if any) traditional book publishers have given their ebook business the freedom to independently from the mother ship run their operation. Bonnier opens a new publishing company Bookery in April 2017 which specializes in ebooks and audiobooks alone. This is the classic method for managing disruption caused by a new technology in large companies: let the new company compete in the changing markets on its own terms.

ereader on top of stack of books
Media company Bonnier operates in 15 countries, primarily in Europe. The company was established 200 years ago in Sweden, where its headquarters still are located. In addition to books, the family owned business publishes magazines, newspapers, broadcast media, and owns bookstore chains.

If a visionary manager tries to run a new business within a large corporation like that, he or she is often doomed to fail. The new business may compete in different terms than the primary business, and may even compete head-to-head with the corporation’s main business. It is not usually tolerated, and the new business doesn’t have room to operate.

So, establishing a separate company for a new business indicates that the headquarters is serious about the new thing. In this case, Bonnier has determined it is time to take digital book publishing seriously.

The management for the new digital-only company has been hired from outside Bonnier. The CEO of Bookery Åsa Selling told SVB: “We believe series and short texts work well in digital formats. Above all novels, but also non-fiction. Now, we will talk to authors who are willing to write stories for the new formats. They can be plain ebooks, but also audiobooks that are something else than simply recorded readings.”

Bookery aims at sourcing and publishing 20-25 new titles per year with the first ebooks available in 2018.