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Barack and Michelle Obama have signed book deals with Penguin Random House, the publisher announced on Tuesday.
Financial terms were not disclosed for the books, for which several publishers had competed, although it was reported by the Financial Times that bidding reached more than $60m, a record sum for US presidential memoirs.
By comparison, fellow Democrat and former President Bill Clinton earned $15m for rights to his 2004 memoir “My Life” after he left office, while Obama’s immediate predecessor, Republican George W Bush, reaped some $10m from his book “Decision Points”..
“We are absolutely thrilled to continue our publishing partnership with President and Mrs Obama,” Penguin Random House CEO Markus Dohle said in a statement..
“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. 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.”...
Barack and Michelle Obama sign record book deals with Penguin Random House
Financial terms were not disclosed for the books, for which several publishers had competed, although it was reported by the Financial Times that bidding reached more than $60m, a record sum for US presidential memoirs.
By comparison, fellow Democrat and former President Bill Clinton earned $15m for rights to his 2004 memoir “My Life” after he left office, while Obama’s immediate predecessor, Republican George W Bush, reaped some $10m from his book “Decision Points”..
“We are absolutely thrilled to continue our publishing partnership with President and Mrs Obama,” Penguin Random House CEO Markus Dohle said in a statement..
“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. 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.”...
Barack and Michelle Obama sign record book deals with Penguin Random House