Close X
Thursday, November 14, 2024
ADVT 
Interesting

Obamas Sign $60 Million Book Deal With Penguin Random House

IANS, 01 Mar, 2017 12:14 PM
    In a significant deal, the forthcoming books by former US President Barack Obama and his wife Michelle Obama will be published by Penguin Random House.
     
    The announcement was made by the publisher late on Tuesday night, following an intense and much anticipated auction among several prominent publishers.
     
    Represented by Robert Barnett and Deneen Howell of Williams and Connolly (one of America's premiere litigation firms), the terms of the agreement were not disclosed by the Obamas. 
     
     
    Publishing industry insiders, however, expect this deal to be among the highest made till date, stretching into tens of millions of dollars.
     
    "We are absolutely thrilled to continue our publishing partnership with President and Mrs Obama. 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 Chief Executive of Penguin Random House, Markus Dohle, said in a statement.
     
    "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 added.
     
    Penguin Random House acquired world rights to the books, and worldwide sales are expected to be significantly great.
     
    The Obamas plan to donate a portion of their advances to charity, it was revealed.
     
    The publisher also plans to donate one million books in the Obama family's name to First Book, a Penguin Random House nonprofit partner, and the Washington-based partner for the 2016 White House digital education initiative, Open eBooks.

    MORE Interesting ARTICLES

    Pak Army Chief Wants Officers To Learn From Indian Democracy: Report

    Pak Army Chief Wants Officers To Learn From Indian Democracy: Report
    He also asked his officers to read a book titled 'Army and Nation' written by Steven I Wilkinson, a professor of Political Science and International Relations at Yale University, about Indian Army's relationship with the civilian government after independence.

    Pak Army Chief Wants Officers To Learn From Indian Democracy: Report

    More Reasons To Tie The Knot: Study Shows Marriage Makes You Happier

    More Reasons To Tie The Knot: Study Shows Marriage Makes You Happier
    Offering couples more reasons to celebrate love on this Valentine's Day -- and beyond, a new study has found that married people face less psychological stress than unmarried individuals.

    More Reasons To Tie The Knot: Study Shows Marriage Makes You Happier

    Balaclava Rapist's Day Parole Extended But Tightly Restricted: Parole Board

    Balaclava Rapist's Day Parole Extended But Tightly Restricted: Parole Board
    VANCOUVER — The parole board has been keeping a tight rein on the man known as the balaclava rapist since he was granted day parole last year, newly released documents reveal.

    Balaclava Rapist's Day Parole Extended But Tightly Restricted: Parole Board

    Vancouver Police Say Three Early Morning Fires Appears To Be Deliberate

    Vancouver Police Say Three Early Morning Fires Appears To Be Deliberate
      Police say the fires early Monday morning in east Vancouver appear to be related and deliberately set.

    Vancouver Police Say Three Early Morning Fires Appears To Be Deliberate

    Indian-Origin Hotel Manager Charged For Helping US Gang

    Indian-Origin Hotel Manager Charged For Helping US Gang
    An Indian-origin hotel manager faces federal charges for allegedly helping a feared street gang in its drug-dealing and prostitution operations in California, according to prosecutors.

    Indian-Origin Hotel Manager Charged For Helping US Gang

    Buckingham Palace Offers 30,000-Pounds-A-Year To Run Queen's Twitter

    Buckingham Palace is offering a 30,000-pound annual package for a job to run Queen Elizabeth's personal Twitter account, having 2.77 million followers. 

    Buckingham Palace Offers 30,000-Pounds-A-Year To Run Queen's Twitter