For ten years, Harry Potter fans had been spellbound by the adventures of the boy wizard, whose mission it was to defeat the dastardly Voldemort with the help of school chums Ron Weasley and Hermione Granger. But 21 July 2007 marked a bitter-sweet day in their diaries. For it was on that day that Harry Potter and the Deathly Hallows, the seventh and final novel in the series, hit the shelves.
To say the brand has been successful would be a massive understatement. When you factor in the seven novels, eight films, 11 video games, a handful of tourist attractions and more than 400 items of official tat, Statista reckons Harry Potter had generated revenue in excess of $25bn by 2018, with $8.5bn in box office receipts, €7.7bn from books, €7.3bn from toys and €2bn from DVDs. JK Rowling herself has raked in over $1bn – the first author to have done so.
MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
That's not bad for an idea that came to Rowling in an idle moment while stuck on a delayed train to Manchester in 1990.
-
Reeves calls on regulator to investigate steep private dental chargesThe chancellor has asked the Competition and Markets Authority (CMA) to look into the high costs of dental treatment amid concerns over rising prices which essentially locks people out of the system
-
What adds value to buy-to-let properties? Four home improvement ideasRenovations to your property could boost its value. We look at how much improvements could boost your buy-to-let by.
