Barack and Michelle Obama signed a contract to publish his memoirs
Former US President Barack Obama and his wife Michelle signed with Penguin Random House, a contract for the publication of his memoirs.
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“The company received the rights to publish two books written by President and Mrs. Obama,” said the publisher.
Details of the deal were not officially disclosed. It is known that one write a book Barack Obama and the second Michelle. What will be referred to books, as yet unknown.
The Financial Times reported, citing sources, that the right of publication, the publisher will pay over 65 million dollars. The newspaper reports about this auction for the right to publish the memoirs fought several publishers
The FT calls the value of the transaction record. In 2004, bill Clinton received $ 15 million from Knopf publishing house, part of Penguin Random House, for publishing his memoirs.
George Bush, according to various estimates, paid approximately $ 10 million for his memoirs, which were published by Crown.
Publisher Penguin Random House has published three previous books of Obama. Among his books, for example, “Dreams from my father” is an autobiography from birth to admission to Harvard. The book was first published in 1995 and reissued after Obama became President.
In 2006 he published a book of Obama “the Audacity of hope,” which hit the bestseller list. In it, Obama reflects on American values and processes occurring in the world.
Michelle Obama wrote the book “Grown in America” about cooking and gardening.