ABC Breaking News | Latest News Videos Former President Barack Obama and the former first lady, Michelle, reportedly signed a $60 million book deal with Penquin Random House. Penquin is the only publishing house to holds the rights to produce the Obama’s highly-anticipated memoirs. While other former U.S. presidents like Clinton and Bush have made double-digit millions off of book deals, the Obama’s deal takes a precedents. It is believed that the $60 million offer includes foreign rights, which will allow for the Obama to capitalize off of their huge fanbase overseas. It’s interesting to note that Michelle Obama’s book is the one that “Good Morning America” reports that most people are interested in buying. Barack and Michele’s books are expected to be released sometime in 2018.