HarperCollins

Company Information & Key Figures

About

Harper Collins is a subsidiary of News Corp, a global media and information services company, comprising businesses across a range of media, including news and information services, cable network programming in Australia, digital real estate services, book publishing, digital education, and pay-TV distribution in Australia. Headquartered in New York, the activities of News Corp are conducted primarily in the United States, Australia, and the United Kingdom. In June 2013, News Corporation split in two companies. While television and film assets scooped up into a new company, 21st Century Fox, around 130 newspapers (including the Wall Street Journal and the Times of London), educational businesses and other assets formed a new company with the old name of News Corp. The split completed a process that the company announced in 2012, and responds to investor concerns that the newspaper and book publishing divisions were dragging on the faster-growing pay TV business.

HarperCollins is one of the world’s largest English language book publishers. Furthermore, the company owns over 120 branded imprints, including Avon, Harper, HarperCollins Children’s Publishers, William Morrow and Christian publishers Zondervan and Thomas Nelson, which HarperCollins acquired in July 2012. In July 2014, HarperCollins completed its acquisition of Harlequin, the leading publisher of women’s fiction, from Torstar Corporation.

1. General information201720162015
Corporate name of mother companyNews CorpNews CorpNews Corp
Corporate headquarter (country)USAUSAUSA
Corporate headquarter (city)New YorkNew YorkNew York
Legal status of the grouppublicpublicpublic
Key personnel
(Chairperson, CEO, publisher, et al. – name, title)
Robert J. Thomson (CEO News Corp), Rupert Murdoch
(Chairman, News Corp), Brian Murray (President
& CEO of HC worldwide)
Robert J. Thomson (CEO News Corp), Rupert Murdoch
(Chairman, News Corp), Brian Murray (President
& CEO of HC worldwide)
Robert J. Thomson (CEO News Corp), Rupert Murdoch
(Chairman, News Corp), Brian Murray (President
& CEO of HC worldwide)
Total number of employees (group)26,00024,00025,000
Website (mother company / holding)www.newscorp.comwww.newscorp.comwww.newscorp.com
Name of the publishing divisionHarperCollinsHarperCollinsHarperCollins
Publishers‘ headquarter countryUSAUSAUSA
Publishers‘ headquarter cityNew YorkNew YorkNew York
Website (publishing group)www.harpercollins.comwww.harpercollins.comwww.harpercollins.com
2. Financial information201720162015
Source for financial informationARARAR
Consolidated yes/noyesyesyes
Currency for financial informationmUSDmUSDmUSD
Total revenues
Corporate (million)
8,1398,2928,633
EBITDA
corporate (million)
885684770
Total revenues
from publishing (million)
1,6361,6461,667
EBITDA
from publishing (million)
199185221
Share of revenues from digital (%)19%19%22%
NotesFiscal year ended June 30, 2017Fiscal year ended June 30, 2016Fiscal year ended June 30, 2015
Publishing divisions   
Division 01: NameHarperCollinsHarperCollinsHarperCollins
Main sector of activitiesTradeTradeTrade
Revenues Publishing1,6361,6461,667
Net profits / EBIT / EBITDA Publishing199185221
3. Activity & portfolio201720162015
Main bestselling authors / titlesHillbilly Elegy – J.D.
Vance, Commonwealth – Ann
Patchett, Settle for More – Megyn
Kelly, The Black Widow – Daniel
Silva, Hidden Figures – Margot Lee
Shetterly, The Magnolia Story
Chip and Joanna Gaines, Carve the
Mark
– Veronica Roth and The Hate
U Give
– Angie Thomas
Go Set a Watchman – Harper Lee, The Pioneer Woman
Cooks: Dinnertime – Ree Drummond, The English Spy –
Daniel Silva, The Glass Sword – by Victoria Aveyard
and Pax – Sara Pennypacker
Divergent (series) – Veronica Roth, The 100 – Jorge
Cruise, Heaven is For Real – Todd Burpo with Lynn
Vincent, The Body Book – Cameron Diaz with Sandra
Bark, The First Phone Call from Heaven – Mitch
Albom, The Ocean at the End of the Lane – Neil
Gaiman, The Pioneer Woman Cooks: A Year of Holidays
– Ree Drummond, 10 % Happier – Dan Harris, and The
English Girl – Daniel Silva.

Analysis & Key Developments

Financial

For the fiscal year ended June 30, 2017, revenues at the HarperCollins decreased by 10mUSD, or 1%, to 1,636mUSD. The company pointed out that the decrease was mainly due to the absence of 42mUSD in sales of the previous bestseller Go Set a Watchman by Harper Lee, in addition to the negative impact of foreign currency fluctuations and the impact from the absence of the 53rd week in fiscal 2017.

These losses were partially offset by strong frontlist and backlist sales in the general books category, as well as the 25mUSd impact of the continued expansion of HarperCollins’ global footprint.

EBITDA at HarperCollins increased by 8% in 2017 and totaled to 199mUSD. The increase was primarily due to the mix of titles as compared to the prior year. (AR 2017)

Internal organization

Change in management

  • Starting with April 2018, Judith Curr joined HarperCollins in the newly-created role of president and publisher of HarperOne, Amistad, and Rayo. She reports to HC CEO Brian Murray, and got a seat on the company’s executive committee. (PW 27.03.2018)
  • In June 2017, the company announced that Christopher Goff, Senior Vice President and General Counsel, will retire effective September 30. William (Bill) Adams, Senior Vice President, Associate General Counsel at Penguin Random House, has been named General Counsel Worldwide, and takes on oversight of all legal matters for the organization globally. (PR 27.06.2017)
  • In November 2017, HarperCollins Publishers announced the appointment of Ralf Markmeier as Managing Director and Publisher of HarperCollins Germany, effective January 15, 2018. (PR 09.11.2017)

Acquisition and growth initiatives in publishing

  • In January 2018, HarperAudio announced the launch of a vinly audiobook publishing program.The vinyl audiobook series launched in April with the publication of Wild Horses Vinyl Edition + MP3 by Joe Hill and is distributed by Wax, an independent record label that specializes in unique vinyl releases. (PR 18.01.2018)
  • In October 2017, the company launched a new imprint named HarperCollins Leadership (HCL), which is focusing on “content designed for individuals looking for inspiration, insight, and tools to help activate their inherent leadership potential,” according to the publisher. (PW 05.10.2017)
  • In September 2017, HarperCollins announced the formation of another expanded international division, HarperCollins Hungary. „Harlequin Magyarország Kft. (Harlequin Hungary Ltd.) and JV partner Vinton Kft. have operated successfully in Hungary for more than 25 years, directed by Dr. Jozsef Bayer, managing director and co-owner of the company. They will continue their JV partnership under the new name.“ (PR 07.09.2017)
  • In March 2017, HarperCollins Publisher launched a global campaign celebrating two centuries of publishing in commemoration of the company’s 200th anniversary. The centerpiece of the yearlong celebration is a website, www.hc.com/200, that showcases HarperCollins’s storied history and influence on readers of all ages around the world. (PR 06.03.2017)
  • In January 2017 HarperCollins has taken full ownership of HarperCollins Brazil after purchasing the shares owned by local publisher Ediouro. (BS 04.01.2017)
  • Moreover, HarperCollins Publishers announced January 2017, that after a successful 10-year partnership with Ediouro, it has purchased the remaining shares of the HarperCollins Brasil joint venture. (PR 03.01.2017)
  • Besides, the HarperAudio announced the production of vinly audiobook publishing program in January 2017. The vinyl audiobook series will launch in April with Wild Horses Vinyl Edition (including an MP3 version) by Joe Hill.

International

The company runs worldwide operations in 18 countries and publishes and distributes consumer books globally through print, digital and audio formats. Moreover, HarperCollins offers a catalog of more than 200,000 publications in different formats, in 17 languages, and it licenses rights for its authors’ works to be published in more than 50 languages around the world. (AR 2017)

Digital

The digital portfolio of HarperCollins includes e-books and audiobooks for tablets, e-book readers and mobile devices. As of June 30, 2017, the company offered approximately 100,000 publications in digital formats. Digital sales, comprising revenues generated through the sale of e-books as well as digital audiobooks, represented approximately 19% of global consumer revenues for the fiscal year ended June 30, 2017. (AR 2017)

Bestseller

„During fiscal 2017, HarperCollins U.S. had 184 titles on the New York Times print and digital bestseller lists, with 20 titles hitting number one, including Hillbilly Elegy by J.D. Vance, Commonwealth by Ann Patchett, Settle for More by Megyn Kelly, The Black Widow by Daniel Silva, Hidden Figures by Margot Lee Shetterly, The Magnolia Story by Chip and Joanna Gaines, Carve the Mark by Veronica Roth and The Hate U Give by Angie Thomas.“ (AR 2017)

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