Fifty Shades of Grey publisher Random House posts record profits
EL James's Fifty Shades trilogy sold more than 70m copies in 2012, driving Random House to record annual revenues and profits.
The publisher's operating profit leapt 75% year on year to €325m (£275.7m) in 2012. Revenues at the Bertelsmann-owned company, which is awaiting final clearance on a merger with Pearson's Penguin, grew 22.5% year-on-year to €2.1bn.
James' Fifty Shades of Grey and sequels Fifty Shades Darker and Fifty Shades Freed became the book publishing phenomenon of 2012, shifting more than 70m copies between March and December.