"It is an absolute priority for us. It's conceivable that we could be ready to release it as early as next summer," he said.
Fogelson revealed that the studio is in talks with multiple director's for the upcoming film adaptation of the hugely successful novel.
Fogelson denied that Angelina Jolie was tapped to direct "Fifty Shades of Grey", saying, "No. We're involved in a different project with her (World War II drama Unbroken). But we have had really, really interesting, great conversations with talented, serious filmmakers."