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

Friday 24th May

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.

Share |

Get book trade news by email

Daily book trade headlines and breaking publishing news by email - just £3 a month. Click on the Subscribe button below to sign up now

Find out more

More Book Trade News

Behold: How Amazon Wins The Sales Tax Wars Even When It Loses
gigaom.com

What's really behind Amazon's tax war

At Hearing, Judge Says She Is Leaning Against Apple
www.publishersweekly.com

Government will likely be able to prove Apple's guilt in coordinating a conspiracy to raise e-book prices

Salt Abandons Single-author Collections Amid Poetry Market Slump
www.guardian.co.uk

Publisher says these books are 'no longer viable' as sales drop by more than a quarter

Kindle Fire Now Available For Pre-order In 170 Countries
www.digitalbookworld.com

Kindle Fire HD and Kindle Fire HD 8.9" Now Available for Pre-Order for Customers in over 170 Countries Around the World, Shipping June 13

Breakthrough Breast Cancer Launches New Reading Campaign With Penguin And WH Smith
www.breakthrough.org.uk

Penguin and WHS partner on charity summer reading campaign

Amazon: Victim Or Aggressor? Issue Will Frame Apple Ebook Trial
paidcontent.org

Recent court filings show that Amazon will play a large role in determining the outcome

[More Book Trade News]