Bloomsbury's Profits Soar as 'Romantasy' and Fantasy Fiction Demand Surges
Thanks to the popularity of Sarah J. Maas's latest novel and a strong presence on TikTok, Bloomsbury Publishing anticipates significantly higher annual profits.
- Bloomsbury Publishing upgrades its revenue and profit forecasts, attributing the success to booming demand for 'romantasy' novels, particularly those by Sarah J. Maas.
- Sarah J. Maas's latest novel, 'House of Flame and Shadow,' tops bestseller lists globally, driving sales of her previous works and boosting Bloomsbury's financial outlook.
- The publisher's investment in fantasy fiction pays off, with significant growth in the genre fueled by popular films, TV series, and the 'BookTok' trend on TikTok.
- Bloomsbury's shares hit a record high, reflecting investor confidence in the company's performance and growth prospects.
- The company plans further investment in the fantasy genre, indicating a strategic focus on a rapidly expanding market.