rasbridge Posted September 6, 2016 Share Posted September 6, 2016 New York Times: Obamas Could Bag $45 Million Book Deals by Katherine Rodriguez 5 Sep 2016 The Obamas are planning for some very lucrative post-White House careers. The New York Times reports that major literary agents are predicting that President Obama and Michelle will be able to sign post-presidency book contracts leading up to $45 million. “His is going to be easily the most valuable presidential memoir ever,” said Raphael Sagalyn of the ICM/Sagalyn Literary Agency to The Times. “And I think Michelle Obama has the opportunity to sell the most valuable first lady memoir in history.” Sagalyn predicted that President Obama could earn as much as $30 million with a two- or three-book contract. Other literary agents estimated he could earn similar figures. New York literary agent Georges Borchardt said to The Times that President Obama’s popularity around the world could make the foreign rights to his books more profitable than any other former president. “And the same goes for Michelle Obama,” Borchardt said. “She can write whatever she wants.” Publishers gave much lower figures, estimating that President Obama could make no more than $12 million and Mrs. Obama no more than $10 million. President Obama’s three books—Dreams From My Father, The Audacity of Hope and Of Thee I Sing—earned him a total of $10 million, The Times reported. However, his success can only go as far as his willingness to meet deadlines. The Times reported that President Obama missed his deadline for Dreams From My Father and had his first contact for the book cancelled on him. He only finished the book after he traveled to a secluded island in Indonesia to finish it. Literary agents and publishers have speculated that the books would either be memoirs or about race relations. Source: http://www.breitbart.com/obama/2016/09/05/nyt-obamas-bag-45-million-book-deals/ Link to comment Share on other sites More sharing options...
pc71520 Posted September 7, 2016 Share Posted September 7, 2016 There will always be "readers" who buy these kind of "books"... Link to comment Share on other sites More sharing options...
flash48 Posted September 7, 2016 Share Posted September 7, 2016 Yes I agree. The Obama's may make a fortune on the cash advance but, the publisher may lose. Just look what happened to Hillary's book. She received millions in her book advance . The publisher printed 1 million copies and only sold 100,000. http://www.weeklystandard.com/nyt-publisher-wont-make-back-hillarys-large-book-advance/article/795727 http://theblacksphere.net/2016/08/hillary-clintons-crooked-book-deal/ Link to comment Share on other sites More sharing options...
rasbridge Posted September 7, 2016 Author Share Posted September 7, 2016 37 minutes ago, flash48 said: Yes I agree. The Obama's may make a fortune on the cash advance but, the publisher may lose. Just look what happened to Hillary's book. She received millions in her book advance . The publisher printed 1 million copies and only sold 100,000. http://www.weeklystandard.com/nyt-publisher-wont-make-back-hillarys-large-book-advance/article/795727 http://theblacksphere.net/2016/08/hillary-clintons-crooked-book-deal/ Wow, after the book publisher lost $10 million, people involved with the book deal should have lost their jobs... Link to comment Share on other sites More sharing options...
rasbridge Posted March 14, 2018 Author Share Posted March 14, 2018 "According to a report in the Financial Times, bidding for the two books topped $60 million and multiple publishers were in the hunt. The former president made no secret of the fact that he planned to write a book when he left office, admitting as much to David Axelrod on CNN." https://www.usatoday.com/story/life/books/2017/02/28/barack-obama-michelle-obama-books-penguin-random-house/98550988/ Link to comment Share on other sites More sharing options...
jiski Posted March 14, 2018 Share Posted March 14, 2018 Why be president? Before, poor. After, very rich. In all countrys. Link to comment Share on other sites More sharing options...
Recommended Posts
Archived
This topic is now archived and is closed to further replies.