When the first Ballantine Book, Cameron Hawley's "Executive Suite" was published in 1952, the publishing industry saw that the simultaneous hardcover and paperback editions were obvious successes. Houghton Mifflin published the $3.00 hardcover at the same time Ballantine distributed its 35¢ paperback. By February 1953, Ballantine had sold 375,000 copies and was preparing to print 100,000 more. Houghton Mifflin sold 22,000 hardback copies in its first printing. Ballantine's sales soon totaled 470,000 copies. Instead of hurting hardback sales as some predicted, the paperback edition instead gave the book more publicity. After the film rights were sold to MGM, Robert Wise directed the 1954 film, nominated for four Academy Awards.