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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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49 Comments

Noavatar-thumb
1722 Points

i don’t want it to end :o(…

Posted by johndeeregirl12 on December 19, 2009, 08:38 PM report to moderator
Noavatar-thumb
1428 Points

I don’t think it’s over yet. I think someday they’ll remake the movies.

Posted by jenbabe705 on December 19, 2009, 10:24 PM report to moderator
Smile_from_the_inside__thumb
60 Points

i agree harry potters timeless it will never be old

Posted by taraa:) on December 20, 2009, 12:44 AM report to moderator
Noavatar-thumb

HP is forever.

Posted by lilyluna on December 20, 2009, 01:20 AM report to moderator
Upclose_of_me_thumb
3271 Points

Great article! It blows my mind that the filming will soon end… and there will be no more films. But the series will live on so HP is timeless! :)

Posted by Half-Blood Princess66[ROAR!] on December 20, 2009, 02:06 AM report to moderator
Bildschirmfoto_2013-01-31_um_11
1575 Points

Wow, 800 people out of job. And most of them probably not high-earning actors that have managed to put a lot of their salary to the side.
At least they knew way in advance that it would be coming to this, so I’m willing to believe that there won’t be 800 people on the dole all of a sudden.

Posted by Spinner's End ^HISS^ (ITC) on December 20, 2009, 05:15 AM report to moderator
Noavatar-thumb
199 Points

The wait between Deathly Hallows Part 1 and Part 2 will be torture!

Posted by The Pure-Blood Prince on December 20, 2009, 08:31 AM report to moderator
Hydrangeas_thumb
1420 Points

wow 800 people with put a job wow i feel bad and i cant belevel that filmimg is going to end in may i cant belevle it that is heart braking but i am not going to cry i dont cry often

Posted by alicia00 on December 20, 2009, 09:10 AM report to moderator
Harry_potter_6_40_thumb
197 Points

thats really interesting, all the behind the scenes stuff. i love the fact even though the books are over and the movies are at a close the whole harry potter world is continuing in a themepark. there so much hp stuff to keep you busy lol

Posted by nox avis on December 20, 2009, 09:46 AM report to moderator
Wand_thumb
4852 Points

interesting!!!!!

Posted by #1 Witch ROAR! on December 20, 2009, 10:51 AM report to moderator
Issacs_puppy2_thumb
106 Points

Harry Potter is timeless.

Posted by Amanda *ROAR* on December 20, 2009, 12:41 PM report to moderator
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3455 Points

it may end with books and movie, but the idea of harry potter is going to last for years, decades, maybe even centruies! the books are a phenomanon, timeless, our grandchildre and great grandchildren will be reading them! they will also be watching the movies in future formats, which have already gone from being onVHS to DVD to Blue-ray in my life time and im only 15!
so it will technically end, but Jo and HP will effect generations to come!

Posted by Catherine ( *SQUEE!*) on December 20, 2009, 01:24 PM report to moderator
Keep_calm_hrh2_thumb
12569 Points

Very insightfull article. Good point Phoenix1946. I too have tons of Disney toys from when I was a kid, which I got even before Star Wars came out. That said my Star Wars action figures are with me, as they are now collectors items just like my Disney toys:-)

Posted by tinagin [ROAR]! on December 20, 2009, 01:29 PM report to moderator
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4056 Points

800 people out of jobs! Harry, please don’t end.

Posted by fifi ~::~ ıɟıɟ {WBM!} {ITC!} on December 20, 2009, 02:48 PM report to moderator
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4208 Points

I feel sorry for the talented people who will have lost their jobs at the end of the filming and editing, but what resumes they will have1 The best thing about these movies is that they stayed away from the A-list actors and went with the awesome talent of an Alan Rickman or a Maggie Smith.

Posted by Fresca ROAR on December 20, 2009, 03:21 PM report to moderator
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