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.
To read more, go to: https://www.nytimes.com/2017/02/28/business/media/obama-book-deal-penguin-random-house.html?_r=0
Posts tagged as ““A Salute To Michelle Obama””
According to theroot.com, it’s been over 10 years since the last De La Soul album was released, but thanks to a successful Kickstarter campaign, the trio famous for songs such as “Potholes In My Lawn,” “Me, Myself and I” and “Saturdays” will begin recording its eighth album, And the Anonymous Nobody. The group’s goal of $110,000 was met within 48 hours and has since been surpassed by $178,262 for a current grand total of $288,262.
There are still 30 days and several prizes left in the campaign, so if you’d like to donate, click here.
article by Lori Lakin Hutcherson (follow @lakinhutcherson)
Queens of Africa, the black doll line that’s outselling Barbie in Nigeria, started as a personal mission seven years ago. Taofick Okoya was frustrated that he couldn’t find a black doll on the market for his niece. “I happen to be the kind of person that doesn’t enjoy complaining and criticizing without taking any action,” the 43-year-old businessman tells ELLE.com. So he researched making a doll that Nigerian girls could identify with: one with their skin color and traditional African fashion.
“It became a frontline project for me due to the resistance the dolls received because of their color and outfits from most children and distributors,” he explains. “I spent about two years campaigning on the importance and benefits of dolls in the African likeness. During that process, I realized greater social issues such as low self esteem, which led to the passion to make a change in the coming generation. It’s been a tough journey but one I have enjoyed.”
Okoya created two lines of dolls, Queens of Africa (which come with three outfits, four accessories, and cost 1,300 to 3,500 naira, or $6.75 to $18.18) and Naija Princesses (which come with two outfits, two accessories, and cost 500-1,000 naira, or $2.60 to $5.19). Each doll represents a different African tribe (Igbo, Yoruba, and Hausa).
Okoya sells 6,000 to 9,000 dolls a month, Reuters reports—10 to 15 percent of Nigeria’s small but growing toy market, by Okoya’s estimation. The dolls have quite a few fans. Okoya shares one’s testimony: “Usually the black dolls are so dark, I don’t buy them because they look nothing like me. I think that if they had maybe a better variety of black dolls with different colors like yours, that would be a lot better. No two black people are the same color: Some have darker and some have lighter pigments. Like many other African Americans, I have never found a doll that really fits me ’till now.”