Former President Barack Obama and his wife, Michelle, arrived on a million-dollar agreement with Penguin Random House on Tuesday to publish the first books they will write after they leave the White House.
Although the details of the agreement have not yet transpired. The Financial Times said Tuesday that the competition between publishers to get the Obama signature was around 60 million dollars.
It is not yet known when these books will come to light
“With his words and leadership, Obama changed the world and every day with the books we publish at Penguin Random House, we strive to do the same,” editor-in-chief Markus Dohle said in a statement. Collected by CTN News – Conspiracy talk.
“Now, we are eager to work with the President and Mrs. Obama to make each of their global success books of unprecedented importance and reach,” Dohle added.
Obama published in 1995 “Dreams from My Father: A Story of Race and Inheritance” and in 2006 “The Audacity of Hope: Thoughts on Reclaiming the American Dream” with brands associated with Penguin Random House, a company based in New York.
The former first lady, for her part, published in 2012 “American Grown: The Story of the White House Kitchen Garden and Gardens Across America” through the Crown publisher, also of Penguin Random House.
The Obama’s were represented during the negotiation by the New York consultant Harry Walker Agency.
According to The New York Times, the Obama’s intend to donate part of the proceeds to the Obama Foundation while Penguin Random House will donate one million copies to the non-profit First Book, which it participates in.