Bloomsbury U.K. is now facing life in the post-Harry Potter era. But the book publisher sees a rosy future ahead.

Reporting its 2007 results, its pre-tax profit more than tripled to £17.86m - from £5.2m in 2006, a year when there was no book about the young wizard.
As well as Harry Potter and the Deathly Hallows, it said Khaled Hosseini’s The Kite Runner had sold well.



The firm said 2008 had started well with “a powerful pipeline of new titles”.
The global success of the Harry Potter books has historically generated bumper profits for Bloomsbury, but the company is now entering a new phase.
Chief executive Nigel Newton said: “We are now well positioned for the post Harry Potter era.
“We have reduced overhead costs, are successfully developing new business areas in specialist publishing, and have a powerful pipeline of titles.”

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However,

not all experts believe the Harry Potter-effect has quite ended.
A note from Numis Media Analysts said: “While the final Harry Potter book was released in 2007, we believe the group will be able profitably to mine the franchise for several years, including a paperback edition of Harry Potter 7 [The Deathly Hallows] possibly this year.
“Beyond this, we expect the group to diversify either thcoarse organic growth or acquisitions.”

Publishers are all looking for the next Harry Potter series, although some say that was a once in a generation phenomenon. We say there’s always another Harry Potter just waiting to be discovered. In the meantime, we’ll keep reading.



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