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JK Rowling’s epic creation of this magical world ofHarry Potterworked wonders when her novels were adapted into a film franchise. Acquiring a massive fanbase through decades, the author turnedHarry Potterinto a $9.5B franchise, in collaboration with Warner Bros. But in recent years, Rowling’s production company appears to be facing a massive drop in revenue.
Brontë Film and TV, JK Rowling’s production company confirmed a gargantuan drop in revenue within 1 year. According to reports, several factors have affected the loss amid Rowling’s ongoing controversy surrounding her transphobic comments.
Also read:“I think I need to know”: Alan Rickman Knew Major Harry Potter Spoilers, Took Them to the Grave Unlike MCU Stars Tom Holland and Mark Ruffalo
JK Rowling’s Production Company Suffered a Revenue Drop
According toDeadlinereports, JK Rowling’s production company Brontë Film and TV, appears to be suffering gravely in regards to profits and revenues. Following the dismissal of the theatre performance ofHarry Potter And The Cursed Childdue to COVID-19, Rowling’s company posted a 74% drop in profits.
Established in 2012, JK Rowling’s production company enjoyed massive popularity and financial success. However, the pandemic seemingly affected the business and caused their revenue to be halved within a year. As per reports, the company had a $2.2M profit in 2022, as compared to a $8.37M profit the year before.
The extreme drop in profit was confirmed by Brontë Film and TV, as they reported a gargantuan 50% drop in revenue to $10.67M, according to a UK Companies House filing. The company blamed their closed theatrical productions due to COVID norms, as the reason behind their loss.
Also read:“I was very anxious”: JK Rowling Called Michael Gambon’s Dumbledore A “Hippie” After Sir Ian McKellen Turned Down Offer From Harry Potter Franchise
The Ongoing Controversies Surrounding JK Rowling
However, amid such tumultuous times, JK Rowling’s production company confirmed adaptingThe Ink Black Heartfor the BBC. Willing to regain their profits, the company mentioned that production will begin by the end of 2023, and the premiere is slated to happen in 2024. The adaptation is set to become Season 6 ofStrike.
This confirms that BBC is willing to renewJK Rowling‘sStrikeseries after issuing an apology over her comments after guests on news shows accused her of being transphobic. But now BBC’s attempt at renewing the series appears controversial to fans since the book coincidentally focuses on an author’s fall from grace after using racist and ableist tropes, and eventual murder.
Submerged in countless controversies and being constantly slammed by theHarry Potterstars, JK Rowling revealed that her book’s plot “genuinely wasn’t” inspired by her own life. However, controversies got intense and the renowned video gameHogwarts Legacygot banned from one of the world’s largest gaming forums. With further debates, Rowling consistently denied her transphobic comments.
Read more:Michael Gambon Asked JK Rowling 1 Question After Unexpected Revelation About Dumbledore’s Sexuality In Harry Potter
Krittika Mukherjee
Senior Writer
Articles Published :3219
Krittika Mukherjee is a Senior Entertainment Writer at FandomWire, majorly focusing on films, TV shows, and celebrity news with over 3,000 articles published. With an educational background in Journalism, and a keen interest in filmmaking, Krittika blends factual precision with creative flair, when crafting her editorials, or dissecting fan theories.Her coverage often includes news and analyses of critically acclaimed films, celebrity news, and franchises like the Wizarding World, LOTR, DC, and MCU—particularly Harry Potter, Fantastic Beasts, Superheroes, and fan theories. As a Wizarding World aficionado, Krittika has spent countless hours exploring hidden backstories, unadapted book moments, spells, and trivias surrounding J.K. Rowling’s lore.An imaginative writer with a way with words, Krittika has worked as an entertainment journalist for the past two years and a web content writer for a year. She brought her experience and expertise to FandomWire to pursue her desire for sipping coffee while dissecting films and tracking celebrity drama.
