The publishing company that brought us Harry Potter, Bloomsbury, has been faced with an increase of fifteen percent from China for books printed there. This happened overnight on the first of September.
Image via BriefedUp
According to Chief Executive Nigel Newton, the company wasn’t prepared for this increase but they are doing their best to take it in stride. This increase should only have a small impact for the finical year, but could possibly cause some issues in the future. Newton says that illustrated books, such as the Harry Potter illustrated editions are published in China due to the good pricing and quality.
Unfortunately from March to August there was a five percent decrease in Sales, but Newton wasn’t worried about future sales. When E-books were forced introduced everyone feared how they would take over, but according to Newton, it doesn’t matter if it’s an e-book or printed copy, they’re still buying a book from the company, so E-books just helped increase sales.
Featured image via BBC