Close X
Monday, November 18, 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

    Doctors Stop Infant's Heart For 15 Hours To Perform Life-Saving Surgery

    Doctors Stop Infant's Heart For 15 Hours To Perform Life-Saving Surgery
    A nine-month-old baby in the UK, born with a large hole in his heart and faced certain death has survived a marathon surgery when doctors stopped his tiny heart for 15 hours for a life-saving procedure.

    Doctors Stop Infant's Heart For 15 Hours To Perform Life-Saving Surgery

    Indian-Origin Software Industry Veteran Ajei Gopal Named CEO Of US Firm

    Indian-Origin Software Industry Veteran Ajei Gopal Named CEO Of US Firm
    Ajei Gopal, 54, will become the CEO of Pennsylvania-based ANSYS with effect from January 1 next year.

    Indian-Origin Software Industry Veteran Ajei Gopal Named CEO Of US Firm

    Ask Brianna: Should I Ask For More Money At My First Job?

    Ask Brianna: Should I Ask For More Money At My First Job?
    "Ask Brianna" is a Q&A column from NerdWallet for 20-somethings or anyone else starting out. I'm here to help you manage your money, find a job and pay off student loans — all the real-world stuff no one taught us how to do in college. 

    Ask Brianna: Should I Ask For More Money At My First Job?

    Man Dies In British Columbia After He Is Hit By Passenger Train

    It happened early Saturday morning and involved a Via Rail passenger train.

    Man Dies In British Columbia After He Is Hit By Passenger Train

    Watch This Little 2-Year-Old Girl's ABC Song Is So Unique, It's Going Viral

    Watch This Little 2-Year-Old Girl's ABC Song Is So Unique, It's Going Viral
    In the video, posted by mum Christina Ogea, the toddler does such a theatrical and dramatic version of the song, you can hardly believe she's only a child.

    Watch This Little 2-Year-Old Girl's ABC Song Is So Unique, It's Going Viral

    When Life Knocks Down You Have A Choice — To Get Up: Yuvraj Singh

    When Life Knocks Down You Have A Choice — To Get Up: Yuvraj Singh
      Singh said his real turning point was when he performed better than ever in the Under 19 World Cup. 

    When Life Knocks Down You Have A Choice — To Get Up: Yuvraj Singh