Connect with us

The Low Down

The Obamas Sign New Book Deal Shattering Presidential Publishing Records

Published

on

It has been reported that former President, and First Lady Barack and Michelle Obama, have signed a new book deal for their memoirs with Penguin Random House, for a reported $60 million dollars, after the bidding war for the former president’s book has finally concluded.

The Obamas sign new book deal

www.abcnews.go.com

It was reported that Barack and Michelle Obama’s book deal has earned the largest sum as presidential memoirs go, beating out Bill Clinton, Hillary Clinton, and even George W. Bush with a $16 million dollar lead.

Of course, Barack Obama is no stranger to writing memoirs and this new book will surely not be the former President’s first published book. Barack has two published memoirs under his belt; Dreams From My Father: A Story of Race and Inheritance, originally published in 1995 with Times Books, and again in 2004 with Three Rivers Press, and The Audacity of Hope: Thoughts on Reclaiming the American Dream, which was published in 2006.

Obama also published a children’s book in 2010, Of Thee I Sing: A Letter to My Daughters. All post-tax proceeds from his children’s book have been donated to Fisher House Foundation, an organization that supports families of veterans.

Major publishing companies such Simon & Schuster, Macmillan, HarperCollins, and Penguin were in the fight to close the deal on the Obama’s new book. However, Penguin Random House was the winner.

The Obamas sign major book deal

Anadolu Agency/GettyImages

Although both Michelle and Barack are writing separate books, they have decided to sell the rights together in a joint deal.

It was also rumored that within the deal, Penguin Random House agreed to donate 1 million copies of the book to First Book, a nonprofit organization dedicated to giving books to disadvantaged children.

obamas

Chip Somodevilla/Getty Images

ABC News reported that Barack’s memoir will focus on his presidency, as the former first lady’s memoir will be based on her life story and dedicated to inspiring the young.

The Low Down

Wesley Snipes May Be Returning As MCU’s ‘Blade’

How exciting would it be to see another installment of the Blade series starring the original day walker, Wesley Snipes himself? Pretty cool, right? Well, fellow Marvel fans, we might just get to see that. A Synopsis For those of you out there who are hearing about this Blade fellow for the first time, allow us to briefly bring you up...

Published

on

Continue Reading

The Low Down

Gwyneth Paltrow Exiting MCU Following ‘Avengers: Endgame’

While Gwyneth Paltrow has been a part of the Marvel Cinematic Universe, her role has been minor. Being a part of a massive franchise is still something she's still proud of today. Unfortunately, her time as Pepper Potts is coming to an end. Ending This Chapter In an interview with Vanity Fair, Paltrow stated that she's done playing the character after...

Published

on

Continue Reading

The Low Down

The Arrowverse May Say Goodbye To ‘Arrow’ And ‘Legends Of Tomorrow’

Since 2012, The Arrowverse has become the perfect example of a shared TV universe. With so many programs, it wasn't rare to see your favorites pop up somewhere else. Unfortunately, this praised universe may be losing two of its biggest shows. Cutting It Down There's a major rumor that Legends of Tomorrow and Arrow are ending following the 2019-2020 season. many...

Published

on

Continue Reading