On The Future

July 17th, 2007 · 1 Comment
by Kassia Krozser

Even Bloomsbury has Harry headaches. The huge profits that the novels generate lead the City – in many ways, a stupid organism – to expect the company to make high margins in the Potter-less future. But publishing is publishing: a risky, low-margin business. Harry’s wizardry can alter that law only for the books in which he stars.

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1 response so far ↓

  • Brian Guerin // Aug 6, 2007 at 7:38 am

    The city might have a point if it is expecting Bloomsbury to agressively out-bid competitors for talent. Maybe Harry cannot influence other authors, but the money he brought in gives his publisher an advantage over others, that is if they are willing to spend it (on working with more new authors, offering better contract conditions to promising writers looking for a publisher, etc). I think the city is right to demand that profits ploughed back into a company result in some type of growth.