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Thursday 23rd October

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E-books And Fifty Shades Drive Random House To Record Profits

Posted at 7:13PM Sunday 02 Sep 2012

Revenues at Random House grew to €947 million ($1.19 billion) in the first half of 2012, up from €787 million in the first half of 2011 on the strength of selling 30 million copies of Fifty Shades of Grey, half of which were e-books.

Company profits also rose precipitously to €113 million, up from €69 million in the first half of 2011, the company announced in a statement.

digitalbookworld.com

PW




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