The Obamas didn’t waste any time getting back to work after a relaxing vacation. After a multi-publisher bidding war, Barack and Michelle Obama have sold the rights to their next books. Reportedly, Penguin Random House scored the rights for more than $60 million, according to the Financial Times. The couple’s writing separate books but sold the rights jointly.
The Obamas’ book deal is record-breaking. It surpasses previous records set by George W. Bush’s reported $7 million deal and Bill Clinton’s reported $15 million dollar advance. Reportedly The Obamas will donate a portion of their proceeds to charity.
“We are absolutely thrilled to continue our publishing partnership with President and Mrs. Obama,” Penguin CEO Markus Dohle said in a statement, according to The Associated Press. “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 publisher added that they would aim to “make each of their books global publishing events of unprecedented scope and significance.” And what more would you expect from a former president who believed, as Nathan Heller wrote in December, so fully in the power of “what artful sentences can do?”
We can’t wait to read these books. Where do we pre-order?
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Robin is a digital content creator and has worked in the digital space for nearly ten years. "Robinrazzi" is a nickname given from a former colleague and is a perfect integration of her name and one of her greatest hobbies of having a camera in hand to capture once in a lifetime moments like paparazzi. She has traveled the world covering entertainment, celebrities, events and anything trending. She holds a BA in communications from Penn State and MS in marketing from Johns Hopkins University. She currently serves as Digital Content Coordinator for WHUR.