A "heated auction" for the rights to publish two books, one by Barack and one by Michelle Obama, ended in a reported $60 million deal with Penguin Random House, according to the BBC.
The number is not confirmed, but whether it's a little less or a little more, it can accurately be described as a f#$king s#*tload.
No wonder Obama looked so happy in New York City a week ago.
According to fake news organization The New York Times, the advance negotiated by the Obamas will dwarf those of similar public figures.
Bill Clinton's memoir went for $10 million, Hillary Clinton's went for $8 million. George W. Bush made an eventual $10 million when his book sold nearly two million copies.
Not sure how good you are at math, but all together that's a lot less than $60 million. Although the Obamas plan to donate some of the proceeds to charity, Penguin Random House is promising to cash in on the presidential words. Listen to this statement from the publisher, just dripping with ambition:
With their words and their leadership, they changed the world, and every day, with the books we publish at Penguin Random House, we strive to do the same. Now, we are very much looking forward to working together with President and Mrs. Obama to make each of their books global publishing events of unprecedented scope and significance.”
Even though "global publishing events" are just a hoax perpetrated by China, it sounds like these books might be a big deal.
