The Obamas sign huge book deals, reportedly exceeded $60 million

China Connection

TB Fanatic
The Obamas sign huge book deals, reportedly exceeded $60 million

Evan Vucci / AP

Former president Barack Obama and former First Lady Michelle Obama have signed with Penguin Random House, according to a press release. The news followed a bidding war that reportedly exceeded $60 million for publishing rights to both their books, according to the FT. The exact numbers of the deal was not disclosed.

The priciest presidential book deal before the Obamas was Bill Clinton's 2004 memoir, which was bought for $15 million.

Who else was bidding: HarperCollins, which is owned by Rupert Murdoch's News Corp, Simon & Schuster, which is owned by CBS, and Macmillan.

Irony: FT pointed out that if HarperCollins had won the bid, the Obamas books would have been under the same publisher as Fox's Bill O'Reilly, who was a huge critic of Obama.

https://www.axios.com/publishers-offer-60m-for-obama-book-rights-2290957263.html
 

Night Owl

Veteran Member
Hope it is a big flop and they loose their shirt from this deal. No one is worth 60 million especially for vacation pictures and follies on tax payers money
 

Pinecone

Has No Life - Lives on TB
More material to turn around at the stores. There was a magazine with our last "first" lady on the front cover. I was going to turn it backwards, but Hillary was on the back! :sht: So, I moved another magazine on top of it. :p Cheap entertainment. :D And it's hard for libs to buy it if they can't find it. :eleph:
 

Hawkgirl_70

Veteran Member
More material to turn around at the stores. There was a magazine with our last "first" lady on the front cover. I was going to turn it backwards, but Hillary was on the back! :sht: So, I moved another magazine on top of it. :p Cheap entertainment. :D And it's hard for libs to buy it if they can't find it. :eleph:
Nice!!!! High-Five for you! I've done that before in St. Louis Borders Bookstores when they were still around. Always pushing the Libs books in the front. I would often do some reshuffling and replacement for them. ;)
 

dstraito

TB Fanatic
This is a common scheme for a payoff. Write a book and have people buying tons of copies and then storing them in warehouses never to see the light of day
 

Richard

TB Fanatic
Can't see the publishing house paying that sort of money for Obama's books as previous books haven't been that lucrative.
 

Buick Electra

TB2K Girls with Guns
Fair use.


What the Obamas’ Book Deal Really Means

Mar 1, 2017

RUSH: By the way, have you heard…? I guess it’s Random House has announced a dual book deal with Michelle and Barack Obama. Now, I know the number, but I’m not sure that they’ve announced it. The number is $60 million, a $60 million advance for two books: One from Michelle (My Belle), one from Barack. (interruption) Well, I think… Yeah, it’s the advance or it may be the whole package. But, again, they’re not announcing it.

Now, one of the things that I’ve heard the reason — and they’re not specifying of the 60, who gets how much. Does Obama get 40 and Michelle 20? Does Michelle get 50 and Barack 10? The reason they haven’t is ’cause I’m given to understand that they don’t know which of the two is gonna outsell the other. They’re not sure. You know what I think this is? Apparently, in the bidding were Simon & Schuster and HarperCollins, which is Rupert Murdoch’s outfit.

Simon & Schuster is CBS. Random House, I don’t know who their parent is. But Hillary got $14 million and everybody lost their shirt. And the deal talks about, the announcement talks about how there’s no better composer of prose among active presidents than Barack Obama. And I just had to smirk at that. But I’m just gonna tell you what I think, and I got nothing to back it up.

The $60 million for a book deal — if that number is accurate — means somebody has decided to invest that much money rather than a traditional $2 million advance and then let’s see how much it sells and take your percentage of that. I don’t think they want to risk nobody buying the book like nobody bought Hillary’s. Because Obama… You know, talking about the Democrat Party and no bench and therefore no identity, Barack Obama is still all they’ve got.

Even though he’s the architect of their it misery, he’s the architect of their decline, he’s the architect of their political losing, in their minds, he’s all they’ve got. They can’t allow anything to happen such as a new book that nobody buys or a new book that doesn’t sell very well. I mean, it… That Obama book had better set records or something’s wrong. So what they’re doing is setting the record before a single one has been bought and not taking a chance on the fact that not very many would sell.

https://www.rushlimbaugh.com/daily/2017/03/01/what-the-obamas-book-deal-really-means/
 

Richard

TB Fanatic
If I were the publisher I would sign a percentage deal, not a massive upfront payment if that's what it means.
 
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mzkitty

I give up.
Well, the Bamses still have their hypnotized lackeys out there screeching for him to come be President again (I am not making this up). But Moochie at least better have a ghostwriter because if you read her Ph.D. thesis (I read most of it), it was written in "Kindergarten."

And watch out, I saw today that Oprah really thinks she now has a chance to be the next President.

Oy vay.

:rolleyes:
 

FireDance

Has No Life - Lives on TB
Well, the Bamses still have their hypnotized lackeys out there screeching for him to come be President again (I am not making this up). But Moochie at least better have a ghostwriter because if you read her Ph.D. thesis (I read most of it), it was written in "Kindergarten."

And watch out, I saw today that Oprah really thinks she now has a chance to be the next President.

Oy vay.

:rolleyes:
Heck. You have a chance to be the next president too. Lol. Who is going to burn the warehouse?
 

Flippper

Time Traveler
This is a common scheme for a payoff. Write a book and have people buying tons of copies and then storing them in warehouses never to see the light of day
Yep, someone was outed about 15 years ago for this, it's payoff. I found books by hillary or bill in the Dollar Store in Bakersfield years ago, warmed the cockles of me 'eart. They weren't selling even for a buck, the only people who would be interested are either too ignorant to read (thanks to libcom programs in public schools) or libcoms who seem to have an intense dislike for listening to anyone but themselves bloviating.

I imagine the books will be so full of demons they'd make explosive fire starters.
 

cjoi

Veteran Member
More material to turn around at the stores. There was a magazine with our last "first" lady on the front cover. I was going to turn it backwards, but Hillary was on the back! :sht: So, I moved another magazine on top of it. :p Cheap entertainment. :D And it's hard for libs to buy it if they can't find it. :eleph:

This cracked me up. Your message is clear, however, compared with the vicious and deadly real world attacks brought to us by the Left, this slipping a Good Housekeeping Magazine over another book of self-aggrandizing propaganda is like using newborn Chihuahua puppies for attack dogs.:rdog::rdog::rdog:
:prfl:
 
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Be Well

may all be well
Money laundering. Cases of books will be "bought" by various entities en masse; said books may wind up on 90% mark down tables, or perhaps in land fill.s
 
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