This was inevitable. Everyone knew President Obama would sign a massive book deal once out of office. But my goodness! The reported numbers are astonishing.
Reports indicate the Obamas’ joint book deal is worth $65 million dollars! I’ve never heard of such a lucrative deal. Not for presidents or politicians or celebrities or anyone. And people wonder why first-time authors struggle to even get a publishing contract. The majority of their profits will be donated to charity.
Penguin Random House has proven that publishing deals aren’t always about what they’ll be able to make off of it. But then first-time authors will still get an advance of $2000 and no marketing. But eh.
What’s the craziest thing you’ve ever heard come out of publishing?