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The Economist on Economy of Harry Potter; Deathly Hallows Filming Ends in May

DH Film
Posted by: Edward
December 19, 2009, 08:23 PM

Business and world finance magazine The Economist has published a lengthy profile on the varied ways in which the Harry Potter series by author J. K. Rowing as impacted on the financial and business markets over the past twelve years.  In this article, the successes of the series are examined, along with many of their particular economic effects.  Of interest are comments made by Harry Potter film producer David Heyman, who relates that filming for the final film, Harry Potter and the Deathly Hallows, will wrap up in May.  Comparing job losses in traditional industry to the those which will be felt once the final installments of Harry Potter wraps filming, Mr. Heyman is quoted as saying, “People talk about the effect of factories closing... when we stop filming next May, at least 800 people will be looking for work."  Readers will recall earlier in the month an MTV article, in which actor Tom Felton (Draco Malfoy) was interviewed, reported that filming for the final films had been extended until June of 2010.

The Economist piece goes on to detail the multifaceted growth of the Harry Potter franchise as the popularity of the books expanded, films were produced, and plans made for theme parks.  Discussion of the Harry Potter films continues with an examination of the processes by which the films were made.  Quoteage:

Instead of A-listers the films feature hitherto obscure child actors and British theatrical talent. Perhaps the biggest star is Alan Rickman, previously known to American cinema-goers (if at all) as the villain in “Die Hard”. Over time they have faded neither commercially nor artistically. If anything the reverse is true. After the first two films the Harry Potter franchise was handed to non-American directors more associated with independent film and television. Alfonso Cuarón, Mike Newell and David Yates have been given a good deal of autonomy by Warner Bros.


In Harry Potter’s case, creative experimentation is possible because of the rigorous control exerted over many aspects of the production. The team that has worked on the Harry Potter films is unusually stable. Mr Heyman and the lead designers have stayed put throughout. All but one of the screenplays have been written by Steve Kloves. Stimulated by a steady supply of complex work, local outfits like Double Negative and the Moving Picture Company have grown in competence and can now handle just about all the films’ special-effects needs. Even more unusually, some sets have been allowed to remain in Leavesden Studios for almost ten years. As Mr Heyman puts it, directors may shoot the action from different angles but they are filming the same Hogwarts. It is as though the auteur tradition has been fused with the industrial approach to film-making that was common practice in Hollywood before the war.
The publishing side of the Harry Potter economic story is also profiled in this article, with Publisher Nigel Newton speaking towards Bloomsbury's acquisition of the novels, and eventual successes.  The creation of a Harry Potter industry is further examined with looks at the upcoming Wizarding World of Harry Potter Theme Park at Universal Studios, Orlando; series of toys, games, and collectible merchandise; and fan communities that have formed around the novels.

Harry Potter and the Deathly Hallows: Part One is set for a November 2010 release, while Part Two will arrive in theaters in July 2011.

Many thanks Amanda!

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236 Points

I don’t want it to end either, but at the same time it will probably be after it’s all over before we see anything else from J.K.. As excited as I am about the 2 DH films, I would be 100x more excited if I found out Rowling was writing again, and I doubt that will happen when we are still waste deep in potter mania.

So bring on DH. I for one am extremely interested to see how they end this on the big screen. The sill director they are using doesa fantastic job but tends to throw in the most random things, so for all we know the ending could be completely different.

Posted by Horcrux~Noctus~ on December 20, 2009, 04:26 PM report to moderator
152 Points


Posted by KennedyJames on December 20, 2009, 04:29 PM report to moderator
4151 Points

whoa. remake the movies? that’s pretty interesting. but. yeah HP is timeless! :D

Posted by mai {beatnik owl} on December 20, 2009, 04:41 PM report to moderator
99 Points

Absolutely fascinating article. I’ve always been interested with the behind-the-scenes impact of the films; it really puts the whole “franchise” concept into perspective.

Posted by icystormz on December 20, 2009, 04:49 PM report to moderator
2333 Points

HP is timeless. People will love it for years on end. But I don’t want it to end!!!! :)

Posted by theREALGinnyWeasley on December 20, 2009, 05:55 PM report to moderator
106 Points

ah were talking about remaking them when they havent even be finsihed!? ahh well i know harry potter will never be gone as long as those who have a yern for adventure and know that love is the ultimate power harry potter will be forever!!

-harry potter nerd always!

Posted by Amanda *ROAR* on December 20, 2009, 06:03 PM report to moderator
2027 Points

interesting thought, how harry helped the economy. jo should consder all the good she could do to the american economy if she wrote another hp p=book

Posted by sunlitdays (ROAR) on December 20, 2009, 07:22 PM report to moderator
23764 Points

I’ll bet all of these HP actors will have a good cry when the filming ends. They probably feel like family to one another by now. :’(

Posted by PhoenixFlight [ITC!] on December 20, 2009, 10:00 PM report to moderator
4138 Points

Harry Potter will always live!!!!!!!!!

Posted by Calum Wilson (RuneDream54) on December 20, 2009, 11:47 PM report to moderator
378 Points

When we Become parent we should advice our children to read hp books they re timeless!

Posted by Macedonian on December 20, 2009, 11:50 PM report to moderator
46 Points

Wow, filming is going to end so soon o_o Hard to believe…

Posted by Inzainiac on December 21, 2009, 12:46 AM report to moderator
133 Points

Long live Harry Potter.

Posted by azna70 on December 21, 2009, 01:30 AM report to moderator
1642 Points

I feel sorry for all these people,but it’s about time to finish HP,after 10 long years.

Posted by Matea on December 21, 2009, 01:49 AM report to moderator
5180 Points

awesome. harry will live on

Posted by hermionenluna TZS ROAR! on December 21, 2009, 02:21 AM report to moderator
562 Points

I just finished reading the article in “The Economist” and found it most interesting and informative. I do, however, take exception to one statement ““Star Wars” showed studios there was money in toys.” WRONG! Walt Disney showed there is money in toys. First with Mickey Mouse and friends. Then with “Snow White and the Seven Dwarfs”. Followed by all the classic Disney movies. All this before George Lucas was born. “Star Wars” reminded the studios that there was Big Money in toy tie-ins to blockbuster movies. How do I know all this? When I was very young, my folks took me to the Disney movies and I had many of the Disney and WB toys(Bugs Bunny, Porky Pig, Daffy Duck and many more).

Posted by Phoenix1946 on December 21, 2009, 04:47 AM report to moderator
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