EXCLUSIVE: JK Rowling has pocketed an £8.25M ($10.5M) paycheck after stage present Harry Potter And The Cursed Child proved to be a post-pandemic crowd pleaser.
HPTP Holdings, the mother or father firm for Rowling’s theatrical pursuits, paid out the dividend as productions of Harry Potter And The Cursed Child reopened doorways to audiences.
The firm mentioned ticket gross sales had returned to pre-pandemic ranges in London, the place the Sonia Friedman Productions and Playground Entertainment co-production performs on the Palace Theatre.
The Broadway model of the present, staged on the Lyric Theatre, has moved into revenue, in keeping with HPTP Holdings earnings filed at UK Companies House.
HPTP Holdings posted revenues of £14M within the 12 months to the tip of March 2023, a 300% enhance on £3.5M the earlier 12 months. The gross sales are more likely to be a document for Rowling’s theatre firms.
Some £5.3M of the corporate’s income was generated in Europe, whereas an additional £4.6M and £4.1M got here from the U.S. and the remainder of the world respectively.
HPTP Holdings’ pre-tax earnings stood at £5.7M this 12 months, in contrast with £1.1M within the 12 months to March 2022.
The sturdy monetary efficiency reveals the resilience of the Harry Potter model regardless of Rowling attracting controversy over her views on transgender rights.
Rowling, who this 12 months gave her blessing to the event of a Harry Potter TV sequence, has a web value of £875M, in keeping with The Sunday Times.
HPTP Holdings’ sole director is Neil Blair, Rowling’s longtime agent. The Blair Partnership declined to remark past the HPTP Holdings accounts.
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