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Obamas pointer record book deals with Penguin Random House
- Updated: March 1, 2017
Penguin Random House has landed a understanding to tell dual stirring books by former US President Barack Obama and a former initial lady, Michelle Obama, with one volume to be created by each, a edition association pronounced on Tuesday.
Terms of a agreement, in that Penguin Random House acquired worldwide announcement rights for a dual books, were not disclosed.
But in gripping with their past practice, a Obamas devise to present a “significant apportionment of their author deduction to charity,” including a Obama Foundation, a publisher pronounced in a statement.
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The understanding followed a exhilarated auction for tellurian rights to a dual books with behest that reached some-more than $60 million, a record sum for US presidential memoirs, a Financial Times reported, citing people with believe of a sales process.
By comparison, associate Democrat and former President Bill Clinton warranted $15 million for rights to his 2004 discourse “My Life” after he left office, while Obama’s evident predecessor, Republican George W. Bush, reaped some $10 million from his book “Decision Points,” according to a Financial Times. Those books were published by Penguin Random House multiplication Knopf and by Crown, respectively.
Penguin Random House also published Obama’s 3 prior books – “Dreams of My Father,” “The Audacity of Hope,” “Of Thee we Sing: A Letter to My Daughters.”
The association did not divulge a theme matter of a dual stirring books, or a time support for them to be published, though they will presumably cover Obama’s time in a White House as a initial African-American US president.
Among other publishers that bid on Obama understanding were HarperCollins, a section of News Corp, and Simon Schuster, owned by CBS Corp, a Financial Times said.