'Fifty Shades of Grey' boosts Random House sales
Web Producer: Laura Kittell
FRANKFURT, Germany (AP) - Random House publishing company has booked a record year thanks to sales of the "Fifty Shades of Grey" erotic romance trilogy.
Revenues at the New York based publisher jumped 22.5 percent to ‚$2.7 billion in 2012. The company sold 70 million copies of "Fifty Shades" in print, audio and e-books in English, German and Spanish.
Random House operating earnings leaped 76 percent.
Earnings at German parent company Bertelsmann edged up slightly the year before. Higher expenses for taxes and what it called "structurally declining" businesses hurt profits.
Privately held Bertelsmann includes broadcaster RTL, magazine publisher Gruner + Jahr and music rights business BMG.
Random House is merging with Pearson's Penguin book publisher.