Publishers Weekly report on WotC's book division

Krug

Newshound
http://publishersweekly.reviewsnews...lay=breakingNews&publication=publishersweekly

An increased interest in works of fantasy helped to propel sales at the Wizards of the Coast publishing group in 2002. Revenue at the book group, which is a unit of the trading card, role-playing game company that has been owned by Hasbro since 1999, rose 17%, to more than $12 million, last year. Peter Archer, director of book publishing for Wizards, said the publisher has benefited from higher levels of interest in fantasy books that has been created by the success of Harry Potter and Lord of the Rings. "I don't think there is any doubt that Harry Potter and Rings have helped all fantasy publishers," Archer said.

But Wizards' success in 2002 wasn't just linked to the Potter carryover effect. Liz Schuh, director of marketing for books, gave a great deal of the credit for the improved performance to Wizards' distributor, the Holtzbrinck Group. Wizards moved its distribution to Holtzbrinck in fall of 2000, and after a dip in sales in 2001 as the Holtzbrinck sales force familiarized themselves with the line, sales bounced back in 2002. "We reaped the fruits of Holtzbrinck's sales effort last year," Schuh said, adding that Wizards also did a better job of coordinating its publicity and marketing efforts in 2002.
 

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17% is a nice increase in a year that saw many New York Times Bestselling Authors take a dive in unit sales. With the industry having a flat holiday season at best (more likely a 5-10% decrease is accurate) an increase of that size is huge. Especially in light of year end, and 1st quarter earnings from the big chains. It shows that WoTC titles are leading the growth for the chains rather than being pulled along by them. Always a good sign.

:cool:

Any idea of how much WoTC takes in as a whole each year, and how CCG, RGP, and book trade break out from that?

This bodes well for WoTC, I hope they are able to continue the success on the trade side and work to build a synergy between their book trade product and their RPG product that will continue sales growth.

-Neg
 



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