
article by Alexandra Alter via nytimes.com
Penguin Random House will publish coming books by former President Barack Obama and the former first lady Michelle Obama, the publishing company announced Tuesday night, concluding a heated auction among multiple publishers. The terms of the agreement were not disclosed, but publishing industry executives with knowledge of the bidding process said it probably stretched well into eight figures.
Robert B. Barnett and Deneen C. Howell of Williams & Connolly represented the Obamas. Penguin Random House acquired world rights to the books, and worldwide sales could be substantial. No decision has been made yet as to which of the company’s major imprints — which include Random House, Doubleday, Alfred A. Knopf and Crown — will publish the books.
Mr. Obama’s previous books were published by Crown, which also published Mrs. Obama’s book “American Green,” about the White House garden. A spokeswoman for Penguin Random House would not say whether the books would be memoirs and referred questions to representatives of the Obamas. Speculation about the Obamas’ books and how much they would sell for have been circulating in the industry in recent weeks, as executives at the top publishing houses met separately with the former president and first lady.
Some publishing executives who followed the bidding process said that the opening offers for Mr. Obama’s book alone were in the $18 million to $20 million range. The publisher plans to donate one 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. The Obamas also plan to donate part of their advances to charity, including the Obama Foundation.
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Byron Allen’s Entertainment Studios helped raise more than $1 million for Children’s Hospital Los Angeles Sunday night during a star-studded gala at The Montage in Beverly Hills.
“It’s something that I’ve always wanted to do for many, many years,” Allen said. “We can’t do enough for the Children’s Hospital Los Angeles.”
The event featured stirring live performances by Toni Braxton and Babyface. Attendees were able to bid on auction items such as 12 hours of flight time on a private jet and an exclusive dinner party and movie screening experience on a $250 million estate.
The fundraiser is the first of what will become an annual gala on Oscars night. Celebrities in attendance said they appreciated the opportunity to make such a positive impact. “It’s not just a party,” said Sherri Shepherd, who was also in attendance. “[Byron Allen] is doing it with a purpose. He’s partying with a purpose.”










