Former US president Barack Obama is getting in some rest and relaxation right now. But, he’s gearing up to write a memoir following his eight-year presidency. And that COIN is about to be very real.
Esther Newberg, co-head of ICM Partners' publishing unit, is predicting that former President Obama will get at least $20 million…or MORE. "There's no doubt Obama's memoir will go for more than any president's has ever gone," she predicts.
According to reports, George W. Bush got $7 million for 2010's "Decision Points," selling 2.6 million copies. Bill Clinton received a $15 million advance (the current record holder) for 2001's "My Life", selling 2.2 million copies. Now, there are predictions Mr. Obama will top them both.
Princeton University presidential historian Julian Zelizer says, "There is broader fascination with Obama, from conservatives who really hate him as well as liberals who deeply admire what he did."
Obama, 55, who likely will be repped by Washington lawyer Bob Barnett, recently told senior adviser turned CNN commentator David Axelrod that the book is his top priority. And he hired Cody Keenan, former White House director of speechwriting, to help. While every major publisher likely will bid, Random House, which published Obama's 1995 memoir Dreams of My Father and 2008 campaign book The Audacity of Hope (combined sales: 5 million), as well as both the Clinton and Bush books, has the inside track.
We’re here for this memoir. We KNOW it will be worth the read.
- via THEYBF