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

    H1-B visas help make US firms globally competitive: Indian envoy

    You know, this H1-B scheme has been crucial in making US companies competitive globally, in increasing their client base, in increasing their innovations," Sarna said in an interview to CNN on Monday. 

    H1-B visas help make US firms globally competitive: Indian envoy

    Indian-Origin NASA Scientist Detained By US Officials, Forced To Unlock Phone

    Indian-Origin NASA Scientist Detained By US Officials, Forced To Unlock Phone
    A US-born NASA scientist of Indian-origin was detained by US Customs and Border Patrol (CBP) officials and was not permitted to enter the country unless he unlocked his PIN-protected work phone.

    Indian-Origin NASA Scientist Detained By US Officials, Forced To Unlock Phone

    Pakistan Court Bans Valentine's Day Celebrations

    The Islamabad High Court on Monday imposed a ban on Valentine's Day celebrations across Pakistan.

    Pakistan Court Bans Valentine's Day Celebrations

    Bill Gates Opens Account In Chinese Social Media

    Microsoft founder Bill Gates has opened his account on China's social media Wechat and posted a 30-second video in Mandarin.

    Bill Gates Opens Account In Chinese Social Media

    Farmer Spends 16 Years Sudying Law So He Could Sue Chemical Company That Polluted His Land

    Farmer Spends 16 Years Sudying Law So He Could Sue Chemical Company That Polluted His Land
    Wang Enlin, from Yushutun village, in China's Heilongjiang Province, will never forget that day in 2001, when his village and the surrounding farmland were flooded with toxic waste. 

    Farmer Spends 16 Years Sudying Law So He Could Sue Chemical Company That Polluted His Land

    The Secret Of Winning An Oscar Has Been Revealed

    The Secret Of Winning An Oscar Has Been Revealed
    Attention Everyone! If You Are A Budding Actor Or Actress Trying To Make To The Big League Read This

    The Secret Of Winning An Oscar Has Been Revealed