Wednesday 19 September 2018

Bloomsbury lifted by Harry Potter and Scarlett Johansson

Actress Scarlett Johansson attends the 71st Annual Tony Awards at Radio City Music Hall on June 11, 2017 in New York City. (Photo by Dimitrios Kambouris/Getty Images for Tony Awards Productions)
Actress Scarlett Johansson attends the 71st Annual Tony Awards at Radio City Music Hall on June 11, 2017 in New York City. (Photo by Dimitrios Kambouris/Getty Images for Tony Awards Productions)

Ravender Sembhy

Harry Potter and Scarlett Johansson helped grow revenues at publisher Bloomsbury in the first half of the year as the group's digital division continues to perform well.

The group said total revenues rose 15pc to £72.1m in the six months to August 31, while pre-tax profit jumped from £100,000 to £1.7m.

Print revenues were up 16pc to £60.1m as a Harry Potter Box Set and the new House Editions of Harry Potter and the Philosopher's Stone proved popular.

Sales in digital resources, which features the recently launched Drama Online where Johansson is one of the featured actors, rose 15pc to £8.9m.

Boss Nigel Newton hailed a strong set of results and reeled off a list of more potential money spinners.

He said: "It has been a very strong six months for Bloomsbury. Revenues are up 15pc, with good growth in each of our territories. The Children's Trade division delivered another outstanding performance, increasing revenues by 33pc.

"The Group is trading in line with the Board's expectations for the full year.

"We have a strong second half list including the Illustrated Edition of Harry Potter and the Prisoner of Azkaban, the Illustrated Edition of Fantastic Beasts and Where to Find Them and two major books to accompany the British Library's Harry Potter exhibition."

Press Association

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