What began as a story inspired by a piece of Twilight fan-fiction, then turned into a best-selling eBook dubbed “mommy porn” by The New York Times, has now become a hot property in Hollywood.

Fifty Shades of Grey, written by E.L. James, is about the sexual escapades of two twenty-year olds. Originally posted online as a riff on the Twilight fan-fiction series Masters of the Universe, the story soon got picked up as an eBook, spawned two sequels and sold over a quarter of a million copies online. It’ll be published as a paperback later this year and, according to reports, the author and producers are currently setting up meetings with studios such as Paramount, Universal, Warner Bros. and Fox to talk about purchasing the film rights. Read more after the jump. Read More »