Penguin Random House Wins Bidding War for Obamas’ Memoir Rights
- Publisher to pay reported record $65 million for two books
- Extends relationship going back to Obama’s time as senator
President Barack Obama and first lady Michelle Obama pose for photographs prior to greeting China's president at the White House in Washington on Sept. 25, 2015.
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Penguin Random House will publish separate books from Barack and Michelle Obama, agreeing to pay a reported $65 million in what would be a record for U.S. presidential memoirs.
“We are absolutely thrilled to continue our publishing partnership with President and Mrs. Obama,” Penguin Random House Chief Executive Officer Markus Dohle said in a statement. He vowed “to make each of their books global publishing events of unprecedented scope and significance."