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.

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

Tara Reid Dismisses Her $100 Million Lawsuit Against ‘Sharknado’

Can you imagine if someone used your photo to make millions without your permission? Unfortunately, that's the reality that actress Tara Reid faced when she discovered that the Sharknado producers made money off of her likeness without her consent. They broke their contract with the star, and she slapped them with a humongous lawsuit but dropped it four months later. Read on...

Published

on

Continue Reading

The Low Down

The Truth Behind That Coffee Cup In ‘Game Of Thrones’

Game of Thrones has delivered some astonishing moments during its eight seasons on HBO. From the Red Wedding to Hodor sacrificing his sanity, fans were simply blown away. The show brought another moment via an accidental cup of coffee on set. Now, everyone's speaking out about this prime blunder. Gotta Stay Energized Between Takes When the scene made its way...

Published

on

Continue Reading

The Low Down

‘Riverdale’ Bids Farewell To Luke Perry With His Final Scene

Weeks after his death, Luke Perry's co-stars are still sharing their favorite memories of him. For Riverdale fans, they won't be seeing him as Fred Andrews anymore. His final appearance on the show will be one to remember for a long time. This Is Goodbye Perry's last episode as Fred took place during the episode somberly titled "Fear the Reaper." The...

Published

on

Continue Reading