Tags: Barack Obama | book | deal | Penguin Random House | Michelle Obama

Obamas Sign Book Deal With Penguin Random House

Image: Obamas Sign Book Deal With Penguin Random House

Former President Barrack Obama places his hand on the Bible held by former first lady Michelle Obama at his inauguration. (AP Photo) 

By    |   Tuesday, 28 Feb 2017 07:48 PM

Former President Barack Obama and first lady Michelle Obama have signed book deals with Penguin Random House, the publisher said Tuesday.

Financial terms were not disclosed, although news reports indicated bidding for the former first couple's books could top as much as $60 million.

"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," Dohle said.

"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," he said.

Both Obamas have published books through Crown, a Penguin Random House imprint.

Barack Obama has written the million-selling "Dreams from My Father" in 1995 and "The Audacity of Hope" in 2006. He also wrote "Of Thee I Sing: A Letter to My Daughters" in 2010.

Michelle Obama has written only one book: "American Grown," on gardening, which was released in 2012.

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.

The Financial Times reported Tuesday the auction for the books featured Penguin Random House and such other publishing giants as HarperCollins, Simon & Schuster, and Macmillan.

Penguin Random House, according to the report, had been the higher bidder in the contest.

Former President George W. Bush made about $10 million on his memoir, according to the Times, while former President Bill Clinton received $15 million for his memoirs.

The Associated Press contributed to this report.

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Former President Barack Obama and first lady Michelle Obama have signed book deals with Penguin Random House, the publisher said Tuesday.
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Tuesday, 28 Feb 2017 07:48 PM
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