Obamas to make over $60 million from book deals

NEW YORK (AP) — Barack and Michelle Obama have book deals.

The former president and first lady have signed with Penguin Random House, the publisher announced Tuesday. Financial terms were not disclosed, although the deals are likely in the tens of millions of dollars and some outlets report they could take home around $60 million. Both Obamas have published books through Crown, a Penguin Random House imprint.

“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.”

The unique duel arrangement is for books that are among the most anticipated in memory from a former president and first lady. Barack Obama is widely regarded as the one of the finest prose stylists among recent presidents, and his written the million-selling “Dreams from My Father” and “The Audacity of Hope.” Michelle Obama has given few details about her time as first lady: Her only book is about food and gardening, “American Grown,” released in 2012. Both Obamas are widely popular with the public in the U.S. and abroad.

The publisher did not immediately say which imprint the books would be released through. Titles, publishing dates and other details about the books also were not immediately available.

WFLA.com provides commenting to allow for constructive discussion on the stories we cover. In order to comment here, you acknowledge you have read and agreed to our Terms of Service. Commenters who violate these terms, including use of vulgar language or racial slurs, will be banned. Please be respectful of the opinions of others and keep the conversation on topic and civil. If you see an inappropriate comment, please flag it for our moderators to review.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s