STOCKHOLM, March 4, 2022 /PRNewswire/ -- Storytel AB (publ)
("Storytel") is deeply concerned about the current war in
Ukraine and the humanitarian
crisis it is causing. Storytel will therefore pause its operations
in Russia until further notice,
including halting all content production and new content
acquisitions in Russia.
Storytel stands with the Ukrainian people suffering the
consequences of the war. The commitment in helping the deeply
afflicted citizens is profound among Storytel's employees around
the world and we are currently coordinating a range of initiatives
through our country organization in Poland, which has a direct border with
Ukraine and is directly exposed to
large refugee flows.
Storytel's vision is to make the world a more empathetic and
creative place, with great stories to be shared and enjoyed by
anyone, anywhere and at any time. For the first time since our
inception, we are pausing sales, marketing, production, business
development and content investments in a key market. We can only
regret that this impacts the passionate and book loving Russian
people.
Storytel will continue to closely monitor and evaluate the
developments and keep a dialogue with all relevant
stakeholders.
FNCA Sweden AB is the company's certified adviser. FNCA can
be reached at info@fnca.se or +46 8 528 00 399.
For further information, please contact:
Dan Panas, Head of Global
Communications & PR
Tel: +46 70 186 52 90
Email: dan.panas@storytel.com
About Storytel
Storytel is one of the world's largest audiobook and e-book
streaming services and offers over 700 000 titles on a global
scale. Our vision is to make the world a more empathetic and
creative place, with great stories to be shared and enjoyed by
anyone, anywhere and anytime. The streaming business within the
Storytel Group is conducted under the brands Storytel, Mofibo and
Audiobooks.com. The publishing business is managed by Storytel
Books, and by the audiobook publisher StorySide. The Storytel Group
operates in over 25 markets. The headquarters is located in
Stockholm, Sweden.
This information was brought to you by Cision
http://news.cision.com
https://news.cision.com/storytel/r/storytel-pauses-its-russian-operations-until-further-notice,c3519187
The following files are available for download:
https://mb.cision.com/Main/11546/3519187/1544547.pdf
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