Biden's memoir sells for significantly less than Obama's and Clinton's, causing an embarrassing setback
Former President Joe Biden has sold his presidential memoir to Hachette Book Group, with the publication date yet to be set by Hachette's Little, Brown & Co. The memoir, which does not have a specified title as of now, is expected to follow in the footsteps of some of the best-selling presidential memoirs in history, including Barack Obama's 'A Promised Land'. At an event earlier this month, Biden mentioned that he was 'working his tail off' to write the memoir. The memoir deal was made with Hachette Book Group, the same publisher that represented Biden's 2017 memoir 'Promise Me, Dad: A Year of Hope, Hardship and Purpose'. Biden's upcoming memoir is anticipated to join the ranks of top-selling presidential memoirs, such as Obama's 'A Promised Land', which sold 890,000 copies in its first 24 hours in the US and Canada, and surpassed 3.3 million copies within a month of its release in 2020. Sales of Obama's memoir were close to the then-lifetime total of Clinton's and George W. Bush's memoirs, at 3.5 million and 4 million copies respectively. However, the advance for Biden's memoir is significantly less than the lucrative deals won by the Obamas and Bill Clinton. Alfred A. Knopf, owned by Penguin Random House's parent firm Bertelsmann, paid $15 million for former President Bill Clinton's 2004 memoir 'My Life'. In 2017, former President Barack Obama and former first lady Michelle Obama sold the rights to their memoirs to Penguin Random House for a record-breaking $60 million. Biden's memoir is expected to cover his four years as president and his time as vice president during the Obama administration. The exact location or date of the memoir's release is not specified in the provided search results. It's worth noting that President Trump did not publish a presidential memoir after his first term. Biden announced in May that he has an 'aggressive' form of prostate cancer, which could impact the timeline of his memoir's release. In late July last year, Biden dropped out of the presidential race due to a disastrous debate performance and freezing episode. Biden was represented by Creative Artists Agency for the sale of his memoir, as he was for his 2017 memoir. The details about the location and exact date of the memoir's release are yet to be announced by Hachette.
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