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Bloomsbury Publishing's new head ofinvestor relations Tamsin Garrity discusses the significant success ofSarah J. Maas's latest novel, "House of Earth and Blood,"which achieved global number-one status on Amazon upon itsrelease.
In an interview withProactive's Stephen Gunnion, Garrity noted that this marksMaas's 16th book published by Bloomsbury, with six more titlesunder contract. Garrity highlighted the remarkable 79% year-on-yearsales growth attributed to Maas's works, which also bolsteredsales of her backlist titles.
Thepopularity of the fantasy and sci-fi genre, as reported by NielsenBookScan, has grown by 54% in the last five years in the UK, a trendthat Bloomsbury is capitalizing on by representing other renownedauthors within this genre, including Samantha Shannon, Susanna Clarke,Alan Moore, and Susan Liu, whose "Three-Body Problem" seriesis anticipated to be a major Netflix release. Garrity also sharedinsights into her background and the reasons why Bloomsbury presents aunique investment opportunity.
Sheemphasized Bloomsbury's diversified strategy, balancing academicand consumer publishing, which appeals to portfolio managers. Thecompany's international revenue, digital and audiodiversification, and successful acquisition strategy were highlightedas key factors in its growth and attractiveness toinvestors.
Bloomsbury's ability to generate cash allows forreinvestment in its portfolio and acquisitions, contributing to thecompany's confident and ambitious outlook. With a 127% earningsgrowth over the last five years, Bloomsbury is positioned forcontinued success in the publishing industry.
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