Posted on 02/28/2017 4:10:04 PM PST by drewh
Barack and Michelle Obama have whipped the literary world into a frenzy with the news that the former president and first lady are getting to work on new books, and looking for a publisher. Multiple people with knowledge of the joint publishing deal currently on the table for global rights to both memoirs tell the Financial Times that bidding has already surpassed $60million in what is described as the 'most hotly anticipated deal of the year.' And that amount could grow as there are no shortage of interested publishing houses, with Simon & Schuster, Macmillan, Harper Collins and Penguin Random House said to be interested in the deal. It is Penguin however who appears to have the slight edge, having published Barack's three previous titles.
There is no release date for either of the memoirs, but news of who will be securing the rights could come as early as Tuesday evening. That would mean the Obamas 'yuuuuge' deal might be announced just as President Trump prepares to address a joint session of Congress for the first time in office. There is also a chance however that it could take weeks to finalize the deal. No matter how long it takes however, no book deal has ever come close to paying an author this much money, with the closest example being the the $150million James Patterson reportedly received from Hachette in 2009 as part of a 17-book deal. That breaks down to a little less than $10million a book, as opposed to he $30million Barack and Michelle each stand to make in their deal.
(Excerpt) Read more at dailymail.co.uk ...
60 million for fake stories? if they tell the truth everyone would be after their hides.
At some point, you’ve made enough money
Who is going to buy them?
That is a huge amount of money.
The book writing scheme is ... well, a scheme. :)
I went to a bookstore a couple of years ago and they had piles of Hillary’s book; I think it was “Hard Choices.”
They were discounted by over 80%, practically giving them away. I asked the owner and he said that literally no one wanted to buy them.
And this is in Liberal Canada! In the extra-liberal Québec!! LOL!
I would sooner read Milo’s new book.
“I wrote a book which is being published by a midwest university press this fall. It took over 10 years of research and writing.”
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Good luck, SCP!
It must be tough to be a conservative where you are.
All the best with your book! Congrats!
I’ve been working on a couple but they’re all half-done, if that. ;) It takes a lot of focus and energy to do what you’ve done.
Thanks for the numbers.
Something fishy and possibly illegal is going on if this story is true.
I’d like to know what the moonbat tree people think.
What? Her slave days in Chicago?
Oh and today I played golf
Played golf again
went on a multimillion dollar vacation and played golf.
“Pivot to Nuance, Spreading the Chaos”
“Schemes my father taught me”
“Pretty much fake Greek columns was all I had, that and the race card”
Just thinking of some chapter headings here.
Oh, and Michelle’s book? “All maxed out but still shopping”
How many would need to be sold for the publisher to come close to breaking even?
chickensoup has been saying since 1998 that these book deals are payola.
There is nothing about profit.
It is payola of the worst kind by corporations and leftist leaders.
That’s a good intro.
We know it won’t be truthful.
Fiction ?
Geeze. Just who is going to buy it?
Can you only imagine the dreck that will be between the covers of their literary fiasco???
Libraries will buy them. Not all libraries. I’ll predict about one-sixth of libraries. So take the total number of libraries and divide by six. That’s the press run. But no one will ever check the books out of the libraries. Because no one will ever want to read them. And those interested probably can’t read or are too cool to go to a library.
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