Harry Potter & The Piss Poor Publisher
By Beth in Entertainment, News, Money, British, business, pop culture, media, quirky newsbits, celebrity, Harry Potter, Harry Potter And The Deathly Hallows, Deathly Hallows, Scholastic, J.K. Rowling on July 22 2007
Amidst all the hoopla over the seventh and final chapter of the Harry Potter saga, which hit bookstands Friday night/Saturday morning, comes another ominous tale. This one is weaved by a newspaper and involves the publishing company that has published the Potter series since its inception in 1997.
In the ten years since, Scholastic books has done little to expand the Potter franchise and this has its investors complaining. Among the lists of offenses: Failing to use (exploit?) the series effectively to seek out other lucrative business partnerships and diversify their portfolio.
Still don’t cry too much over Scholastic or its crowned jewel. The well-known, reputable publisher won’t go anywhere soon. It’s anticipated that Scholastic will reap $225 Million from Potter sales this year. And that’s apart from the projected $10-15 Million annually in sales over Harry Potter in the next three years. 
