The Obamas sign huge book deals exceeding $60 million

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Former U.S. President Barack Obama and his wife Michelle exit Air Force One as they arrive at Havana's international airport for a three-day trip, in Havana March 20, 2016.   REUTERS/Carlos Barria
Former U.S. President Barack Obama and his wife Michelle exit Air Force One as they arrive at Havana’s international airport for a three-day trip, in Havana March 20, 2016. REUTERS/Carlos Barria
Former president Barack Obama and former First Lady Michelle Obama have signed with Penguin Random House, according to a press release. The news followed a bidding war that reportedly exceeded $60 million for publishing rights to both their books, according to the FT. The exact numbers of the deal was not disclosed.

The priciest presidential book deal before the Obamas was Bill Clinton’s 2004 memoir, which was bought for $15 million.

Who else was bidding: HarperCollins, which is owned by Rupert Murdoch’s News Corp, Simon & Schuster, which is owned by CBS, and Macmillan.

Penguin Random House acquired world rights to the books, and worldwide sales could be substantial. The publisher plans to donate one million books in the Obama family’s name to First Book, a Penguin Random House nonprofit partner, and the Washington-based partner for the 2016 White House digital education initiative, Open eBooks. The Obamas also plan to donate a portion of their advances to charity, including the Obama Foundation.

“We are absolutely thrilled to continue our publishing partnership with President and Mrs. Obama. With their words and their leadership, they changed the world, and every day, with the books we publish at Penguin Random House, we strive to do the same,” the chief executive of Penguin Random House, Markus Dohle, said in a statement. “Now, we are very much looking forward to working together with President and Mrs. Obama to make each of their books global publishing events of unprecedented scope and significance.”

The terms of the agreement were not disclosed. The Obamas were represented by Robert Barnett and Deneen Howell of Williams & Connolly.

NY TIMES

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40 responses to “The Obamas sign huge book deals exceeding $60 million”

  1. Archaeologists believe eight-metre statue found in Cairo slum is of Pharaoh Ramses II, who ruled Egypt in 13th century BC https://www.theguardian.com/world/2017/mar/09/look-on-my-works-ye-mighty-ozymandias-statue-found-in-mud

    1. Niemals Avatar

      The Holocaust deniers and Jew-haters do not think that Pharaoh existed.

      The same goes for Pharaohs in the Bible.
      https://uploads.disquscdn.com/images/ee1b30b7ebb0a731c520bae9218600d8f040929c205a4bf43b36815912ff6045.jpg
      These brainwashed morons deny the history of Egypt – Pyramids and all found Pharaonic tombs and mummies are a figment of the so-called Jews.

      These brain washed jerks also are supporters of Dr. Ashraf Ezzat that “Ancient Egypt knew no Pharaohs”.
      https://uploads.disquscdn.com/images/c4f0d27188539047266001e87f3e8b13a3fb4023465024eb05c0031f9840ea07.jpg Egypt knew neither Pharaoh nor Moses, then the Holy Quran is a fable since it pays tribute to Moses.

  2. Priscilla and I are happy to share we’re expecting another baby girl! https://www.facebook.com/zuck/posts/10103558857158521

  3. Prime Minister of Canada congratulated Jews around the world on the Purim holiday

    פורים שמח

  4. The UN declared the largest humanitarian crisis since 1945 https://lenta.ru/news/2017/03/11/krupneysh_krizis/

  5. Near the kindergarten in Petah Tikva discovered Marijuana seedlings http://newsru.co.il/israel/12mar2017/narco_711.html

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  8. Social media firms in Germany could face fines of up to 50 million euros
    if they take too long to remove illegal content including fake news http://www.bbc.com/news/technology-39269535

  9. Groove in the road: Traffic warden shows off her dance moves while directing cars at a busy interchange http://www.dailymail.co.uk/news/article-4311796/South-African-traffic-warden-shows-dance-moves.html?ito=social-twitter_mailonline

  10. The Ministry of Health of Russia plans to recognize tobacco by 2035 as a commodity banned for free sale http://newsru.co.il/world/16mar2017/tobacco456.html

    1. The revised
      draft of the anti-tobacco concept of the Ministry of Health of Russia
      does not contain a ban on the sale of tobacco by 2035

  11. In the US, the court will decide on the recognition of chimpanzees as individuals https://lenta.ru/news/2017/03/17/sud_shimpanze/

  12. (America) Monkeys help missing tourist survive nine days in the Amazon https://www.aol.co.uk/travel/2017/03/25/tourist-lost-amazon-monkeys-help-survive/

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    after being crushed to death http://www.dailymail.co.uk/news/article-4356866/Villagers-man-swallowed-inside-giant-python.html

  14. Happy 332nd birthday J.S. Bach http://allofbach.com/en/

  15. Human rights defenders noted a decrease in the number of death penalty in the world https://amnesty.org.ru/ru/2017-04-11-kazn/

  16. Government of Indonesia plans to move the country’s capital from Jakarta to another place http://www.newsru.com/world/11apr2017/jakarta.html

  17. The “book deals” wouldn’t have been possible if there weren’t actual people actually ready to part wirth their actual hard-earned money to own this (ghost-written) boring crap.

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