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Fifty Shades of Grey Boosts Random House Earnings

Random House posted a 64 percent increase in operating profit for the first half of 2012. According to Variety, the publisher also boasted a 20 percent increase in revenue–rising to $1.2 billion.

Here’s more from the article: “The titillating [50 Shades of Grey] trilogy sold more than 30 million copies between March and June, with sales evenly divided between the trade paperback and e-book editions. The Social Network producers Michael De Luca and Dana Brunetti are producing the big-screen adaptation of Fifty Shades of Grey the first book in the trilogy, for Universal Pictures and Focus Features.”

Random House also credited the growth in eBook sales and the popularity of some of their biggest bestselling authors including George R.R. Martin  (A Song of Ice and Fire series), John Grisham (Calico Joe), Gillian Flynn (Gone Girl) and Dr. Seuss (The Lorax).

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