Harry Potter firm looking into the future
April 4, 2008
Bloomsbury, the publisher, plans to enter a new phase. It said that they had entered the “post Harry Potter era” after publishing the last series of the best-selling fantasy novels last year.
According to reports in 2007, the pre-tax profit of the book had tripled to £17.86m, from £5.2m a year before. Plus, the book Harry Potter and the Deathly Hallows had sold well. The firm said that the year 2008 had showed positive results with “a strong line of new titles”. The success of the Harry Potter books worldwide has generated a lot of profit for Bloomsbury. However, the company now plans to enter a new phase. The CEO of the company Nigel Newton said that they are now well prepared for the post Harry Potter era. Adding to this, he said that the firm has lessened the overhead costs and are successfully exploring new areas in the publishing industry.
He added that the turnover of the company had increased from £74.8m in 2006 to £150.21m in 2007. Additionally, this year they have added new titles to their list, which include Mr. Hosseini’s A Thousand Splendid Suns, and Jonathan Littell’s Die Wohlgesinnten.
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