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5:48 am - 06/29/2012

'Fifty Shades of Grey' Author EL James Earning $1m a Week

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Author EL James is reportedly earning over $1 million a week for her Fifty Shades trilogy. The writer, whose erotic novel Fifty Shades of Grey originally started as Twilight fanfiction, has recently broken a slew of literary records.

Earlier this week, Fifty Shades of Grey was confirmed as the fastest adult paperback to sell one million copies, beating The Da Vinci Code by Dan Brown. The book also became the first Kindle ebook to sell over one million and together with its sequels, has become the first trilogy to sell over 100,000 of each installment.

These records have contributed to James's estimated income of $1.35 million a week, according to Celebritynetworth.com.

"It's safe to assume that E.L. James has long ago sold enough copies to repay her seven-figure book advance, which means at this point she is earning the standard 7% royalty on every $14 paperback and 25% royalty on every $10 ebook," the website suggested.

"In the last month, James has sold 4 million paperbacks and 1 million ebooks, which equates to $2.94 million in paperback royalties and $2.497 million in ebook royalties."

The website added that James would probably be in line for a $20 million royalty cheque in September, based on current and expected sales in the coming months.

Last week, Mark Wahlberg revealed that his production company almost obtained the film rights to Fifty Shades of Grey, before Universal and Focus secured the adaptation.

source
sandstorm 29th-Jun-2012 02:46 pm (UTC)
every $14 paperback

...$14? Paperback? Is this normal?
queenweasley 29th-Jun-2012 02:48 pm (UTC)
The price, you mean? Yup.
theratwhispers 29th-Jun-2012 02:49 pm (UTC)
Yeah, that is a typical price, for that size of paperback.
imnotasquirrel 29th-Jun-2012 02:51 pm (UTC)
since it's not mass market paperback, yeah.
squirrels_oh_no 29th-Jun-2012 03:07 pm (UTC)
But many places won't sell it for that much. I think it's $8.99 at Sam's.

Why do I know this?
sandstorm 29th-Jun-2012 03:09 pm (UTC)
See, on the military bases, they're selling it for that much too...I've never seen it as 14$, but I haven't been in a real bookstore in ages.
kimberwyn 29th-Jun-2012 07:43 pm (UTC)
mte, I'm like, when did books get that expensive? I still remember them being lik $5.95....
principlvaliant 30th-Jun-2012 12:32 am (UTC)
uggghhh it would be $20-$30 in Australia. STUPID OVERPRICED STUFF.
jessashoutbaby 1st-Jul-2012 03:06 pm (UTC)
Yes, sadly. Some are even more. That's why I get all my books on sale, many of them used.
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