The Week Kick-off: UK magazine industry worth £3.74bn
We kick-off the week with the news that the UK magazine sector is worth a whopping £3.74bn, according to a new report published by the countryâs Professional Publishers Association (PPA) on Friday. Weâve also got the newly appointed MD of Apple Nigeria on African tech, Harperâs Bazaar and Esquire making waves in Saudi Arabia, and Marie Claire US jumping across the pond to the UK, to bring us back full circle⦠welcome to another week in the global media network!
UK magazines remain strong
A new report published by the PPA in partnership with management consultancy firm Vendigital has shown that the UKâs magazine sector contributed £3.74bn in Gross Value Added (GVA) to UK PLC in 2019, taking into consideration both consumer and business media. This represents 35% of UK publishing and accounts for 55,000 jobs. Within this, the industry generates £518.9m of net inflow to UK PLC through exports
11 May 2021
A perfect fit: ITPâs Sue Holt on why the launch of Harperâs Bazaar and Esquire Saudi is a game changer for publishing in the Kingdom
It all began with some inspirational words from a princess. The year was 2018 and Sue Holt, Managing Director at ITP Media Group, had arranged to catch up with Saudi Arabiaâs Princess Noura bint Faisal Al Saud to discuss a forthcoming fashion project she was working on.
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DUBAI: ITP Media Group’s launch of Esquire and Harper’s Bazaar in Saudi Arabia this month, under the Saudi Arabian General Investment Authority (SAGIA) license agreements, makes the two brands among the first international luxury fashion and lifestyle magazines to debut in the country. Other than its media brands, ITP also has its business-to-business (B2B) offerings ITP Gaming and influencer agency ITP Live, both of which were launched in Saudi Arabia last year. As Saudi Arabia continues its rapid transformation, more businesses are being attracted to the Kingdom and its massive young population, with nearly two-thirds under the age of 35.