Boxes of wands pack the shelves of the Harry Potter stores Warner Bros. The company is ultimately owned by WarnerMedia which distributed all of the Potter movies and was bought by telecoms giant AT&T for $85 billion in 2018. Over the 15 months to the end of February 2019, Platform 9 3/4 K1ngs Cross made a $0.5 million (£0.4 million) net profit after paying $25.6 million (£19.7 million) of costs. Its biggest single expense was $9.7 million (£7.5 million) spent on stock followed by a $4.8 million (£3.7 million) wage bill which rose 61.2% as staff numbers increased to 154 compared to 130 in the shorter 12 month period before. However, the Potter stores are separately incorporated and there is good reason for this.

Source: Forbes January 19, 2020 16:00 UTC