"Fifty Shades Of Grey," along with sequels "Fifty Shades Darker" and "Fifty Shades Freed" is a publishing phenomenon the likes of which haven't been seen since "Twilight." The book, by EL James (a pseudonym for British TV executive Erika Leonard), actually started as fan-fiction for characters fromStephenie Meyer's books, entitled "Master Of The Universe," later reworked, extended and republished as a stand-alone piece, and released as an e-book over three volumes between May 2011 and January 2012. It became a word-of-mouth hit, picked up by Vintage Books for a wider commercial release this April, and has, in a little over a year, sold 20 million copies across the three books -- accounting for one in every five hardback fiction novels sold, with Leonard said to be earning $1 million a week for her troubles. It's all the more impressive considering that the story is unashamed, and reasonably explicit, erotica, not a genre that's led to blockbuster sales figures.

And inevitably, despite the dangers involved, film rights were swiftly snapped up, with Universal's indie armFocus Features winning the bidding war, ahead of the likes of Warners, Sony and Paramount, with the prestige of James Schamus' company, behind films like "Brokeback Mountain" and "Moonrise Kingdom," apparently swinging it, although James apparently retains virtually unheard-of creative control over the adaptation. The film(s) isn't being fast-tracked, but Variety reported this morning that producers have spent the last week pitching to be put in charge of the project, so clearly movement is happening. 



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