HarperCollins UK has seen a 66% drop in profits for the year ending 30th June 2013, according to results filed with Companies House. Pre-tax profits at the publisher dropped from £8.3m in 2012 to £2.8m in 2013, a decline of 66%. Profit after tax stood at £1.07m, falling 80% from £5.3m. HarperCollins has attributed the decline in profits to costs incurred by a change in its distribution system.
George RR Martin
James Patterson released 14 blockbuster novels last year while writing hardly a word. Whether you consider it genius or fakery, his writing franchise has made him a bogglingly wealthy man. Patterson has taken top spot in the just-released Forbes fiction rich list, with an estimated income of $US94 million ($NZ118 million) last year. He outstrips the number-two ranked Stephen King, who settled for making ends meet on a mere $US39 million ($NZ48 million).