Mon, May 12, 2008

Business

'Deathly Hallows' sells 8.3M copies in 1st day

By Hillel Italie
The Associated Press
Tucson, Arizona | Published: 07.23.2007
NEW YORK — It is the richest going-away party in history.
"Harry Potter and the Deathly Hallows," the seventh and final volume of J.K. Rowling's all-conquering fantasy series, sold a mountainous 8.3 million copies in its first 24 hours on sale in the United States, according to Scholastic Inc.
No other book, not even any of the six previous Potters, has been so desired, so quickly. "Deathly Hallows" sold an average of 300,000 copies per hour — more than 5,000 a minute. The $34.99 book, even allowing for discounts, generated far more revenue than the opening weekend of the latest Potter movie, "Harry Potter and the Order of the Phoenix," which came out July 10.
"The excitement, anticipation, and just plain hysteria that came over the entire country this weekend was a bit like the Beatles' first visit to the U.S.," Scholastic President Lisa Holton said in a statement Sunday.
"This weekend, kids and adults alike are sitting on buses, in the park, on airplanes and in restaurants reading 'Harry Potter and the Deathly Hallows.' The conversations the readers have been waiting to have for 10 years have just begun."
The numbers are astonishing, but not shocking. "Deathly Hallows" was designed to break records, released Saturday with a first printing of 12 million in the U.S. alone, although Scholastic spokeswoman Kyle Good acknowledged that some stores already were out of copies.
The book's British publisher, Bloomsbury, expects to announce sales figures today.
Earlier Sunday, Borders Group Inc. reported selling 1.2 million copies worldwide in its first day, the biggest single-day number ever for the superstore chain. According to Borders, the previous Potter, "Harry Potter and the Half-Blood Prince," sold 850,000 copies on its first day of release in 2005.
Both Amazon.com and Barnes & Noble announced that pre-orders exceeded 1 million. In a truly Beatles-esque moment Sunday, seven of the top bestsellers on Amazon were Potter-related, including the audio CD of "Deathly Hallows" and a box set of all seven Potters coming out in September.
"Deathly Hallows" was so popular that Hollywood studio Warner Bros. acknowledged it took away business from the "Order of the Phoenix" movie because fans were too busy.
"They wanted to get that book Saturday, lock themselves in the house and read it, because they didn't want their other friends by Monday telling them who made it and who didn't," said Dan Fellman, Warner Bros.' head of distribution.
Reviews for "Deathly Hallows" have been almost universally ecstatic, and reader enthusiasm is apparently intact despite "spoilers" that proliferated on the Internet.
"The book was fascinating, and I think I'll have to read it through at least once more before I get the full scope of it — but I thought it had some of her best, most action-packed, funniest moments in it," says Melissa Anelli, webmaster for www.the-leaky-cauldron.org, a Potter fan site. She said she finished the 759-page book on Saturday.
"When I closed the book I was overjoyed and devastated — overjoyed at the story and the way it had played out, but devastated that the tale was complete," she said. "It did feel like a bereavement, like it was saying farewell to a long-trusted friend."