Herbst Kinsky advises Storylution on Thalia’s entry into the company
Herbst Kinsky has advised the Austrian Storylution GmbH on Thalia Bücher GmbH’s entry into the company. Thalia has acquired a minority stake in Storylution as part of a capital increase. Both partners have agreed not to disclose the amount of the investment.
Storylution operates a digital publishing platform (story.one) that puts authors in the spotlight and offers the possibility to turn their stories into books in an uncomplicated and intuitive way. story.one now has over 100,000 stories by more than 10,000 authors from the entire German-speaking region and beyond.
“I would like to thank Philipp Kinsky and his excellent and broadly positioned team of experts for advising the company on content and strategy in achieving this first milestone and I look forward to further cooperation based on this,” says Hannes Steiner, founder of story.one.