Citing e-books as a major cause, operational efficiencies and higher revenue in general, profits rose 83% at HarperCollins for the third quarter of fiscal year 2014. The total reached $53 million, up from $29 million the same time last year.
Sales and profits were driven by the Divergent series, which sold more than 8 million units that quarter. The children’s division in general was also cited as a major reason for this jump, and the increase was spectacular even without the impact of the Divergent series.
This is great news for authors writing for juvenile readers. The trend across all juvenile titles for all publishers, including the hot children’s book market and the strong chapter book market, is for increasing sales and bigger profits.
Writer’s Resource is one of the few places where authors can find in-depth, experienced assistance with their juvenile works. Email or call today to discuss how your project can take advantage of this firestorm!