WASHINGTON (CBSMiami) — Penguin Random House has reached a record-breaking $65 million deal for the rights to publish books by Barack and Michelle Obama.READ MORE: Miami Weather: Still A Chill But Milder Afternoon On Tap With Showers Returning
The Financial Times reported the publisher’s announcement Tuesday.
Although they did not disclose the fee they’ll pay the former president and first lady, the deals are likely in the tens of millions of dollars, said CBS News.READ MORE: Miami Working On Solution As Many Scramble To Find Affordable Rentals
The report added that they’re selling joint rights to the separate books. The Obamas’ previous books were published through Crown, a Penguin Random House imprint.
Barack’s first two books, “Dreams from My Father” and “The Audacity of Hope,” both sold in the millions. He also wrote “Of Thee I Sing: A Letter to My Daughters,” a children’s book highlighting 13 American achievers.
Michelle published “American Grown” in 2012, a food and gardening book. So far, she’s released few details about her memoirs during her time spent as first lady.MORE NEWS: Three People Injured In NW Dade Drive-By Shooting
Titles and release dates were not made available.