Obamas Secure Major Book Deal

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The former President and First Lady have signed with book publisher Penguin Random House for a reported $65 million dual arrangement on Tuesday.

The titles and release dates for the books were not immediately disclosed. The books will reflect on the 8 years the Obamas spent in the White House. It was reported that Barack kept a journal during his time in office, which suggests that his book could contain behind-the-scene moments captured as major events unfolded.

Barack Obama is no stranger to the publishing industry after writing three best-selling books “The Audacity of Hope,” a children’s book, “Of Thee I Sing: A Letter to My Daughters,” and his 1995 memoir “Dreams From My Father,” that collectively sold 4 million copies.

The former First Lady is planning to write an inspirational piece for young people that will draw from her life story. Michelle Obama also has a writing credit to her named with a food and gardening book “American Grown,” which was published in 2012.

This is the first deal where both a former president and first lady to make a joint book deal. The Obamas are writing their memoirs separately, but decided to sell the rights jointly, which created a bidding war between publishing houses. 

The Obamas aren't the only former first couple to write books about their experiences in the White House. . Bill Clinton sold his memoir “My Life” for $10 million while Hilary Clinton supposedly received an $8 million advance for her memoir “Living History.” George W. Bush’s memoir “Decision Points,” was also considered huge success after selling 2 million copies and earning an estimated $10 million.

“We are absolutely thrilled to continue our publishing partnership with the president and Mrs. Obama,” said Penguin Random House CEO Markus Dohle in a statement. “With their words and their leadership, they changed the world.”

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