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Gacked (with a lot of incredulity) from [livejournal.com profile] officialgaiman

Scholastic Books face millions of unsold Harry Potter books shock horror.

Okay, it appears it is possible to screw up with the best literary franchise ever...

Date: 2005-11-05 05:04 pm (UTC)
From: [identity profile] smallship1.livejournal.com
Some of this might be due to certain unpopular plot and character developments in the said book...

Date: 2005-11-05 10:02 pm (UTC)
From: [identity profile] ffutures.livejournal.com
Maybe. Or maybe they were banking on audience growth that isn't there, since there are now plenty of other authors writing fantasy for this audience.

Date: 2005-11-06 02:46 pm (UTC)
From: [identity profile] heliograph.livejournal.com
They just shouldn't have done the reprint. Then they'd only be facing returns of about 10%, which is a healthy amount.

Estimating sales of any book is difficult. This kind of thing happens all the time, but it doesn't usually make the news. Its hard to boo-hoo too much about $600million in profits.

Date: 2005-11-06 02:49 pm (UTC)
From: [identity profile] heliograph.livejournal.com
Though on second thought... can you even return hardbacks? I think you can only remainder them, which means the bookstores are the ones who'll have to suffer. The publisher should be fine.

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