{STREETZ MORNING TAKEOVER} THE OBAMA’S SIGN A $60 MILLION BOOK DEAL!!!

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THEY MIGHT BE OUT THE WHITE HOUSE, BUT THEY’RE STILL MAKING POWER MOVES!!!

Barack and Michelle Obama are fresh off vacation and are right back to work! They took a break from their responsibilities and vacationed in the Virgin Islands with a billionaire, Richard Branson. The first thing they accomplished off vacation was detailing their plans to develop the Obama Foundation and building the Obama Presidential Center in the southside of Chicago. In addition to that, they signed book deals with the publisher, Penguin Random House, in which they are contracted to write two books.

 “We are absolutely thrilled to continue our publishing partnership with President and Mrs. Obama,” the publisher’s CEO, Markus Dohle, said in a statement. “With their words and their leadership, they changed the world, and every day, with the books we publish at Penguin Random House, we strive to do the same. Now, we are very much looking forward to working together with President and Mrs. Obama to make each of their books global publishing events of unprecedented scope and significance.”

It is reported that the publisher will pay more than $65 million for the rights to two books. The Obamas plan to donate a significant portion of the proceeds from the book sales to charity.

“Penguin Random House also plans to donate 1 million books in the Obama family’s name to First Book, a nonprofit organization that provides books to disadvantaged children, and Open eBooks, the Washington-based partner for the 2016 White House digital education initiative.”

 

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