J.K. Rowling's magic spells a £34m pay day: Accounts reveal author's latest royalty cheque from the Harry Potter books and films
The phenomenal success of Harry Potter has conjured up a £650 million fortune for the boy wizard's creator, J.K. Rowling — and her money-making spell shows no danger of wearing off.
I can reveal the once-penniless author is banking a £34 million royalty cheque from her agent, Neil Blair, as earnings from the Harry Potter books and films continue to roll in.
The payday is revealed in new accounts for the company that handles the royalty payments for Rowling’s artistic output, The Collections Agency Limited. Blair, her literary agent, is the sole director of the company, and J.K. Rowling is named as its ‘ultimate controlling party'.
Over the period May 1, 2016 to March 31, 2017, cash in The Collections Agency Limited leapt from £3.3 million to £46.5 million, primarily owing to income from books, films and merchandising. Rowling, 52, will receive more than £34 million, after deducting ‘payments of commission and other expenses’.