How many ways can you spell 'payoff'? The Obama book deal

http://www.nakedcapitalism.com/2017/06/market-forces-behind-obamas-record-setting-book-deal.html#comment-2824996

$65 million for a book or two? This rabbit hole runs deep, right through 'race to the top'...

Or maybe, 'scum rises'.

What's deeply disturbing about this is the very ordinaryness of this kind of thing anymore.

The Great Experiment in democracy is dead. Citizens United is just another epitaph.

ttystikk said:

http://www.nakedcapitalism.com/2017/06/market-forces-behind-obamas-record-setting-book-deal.html#comment-2824996

$65 million for a book or two? This rabbit hole runs deep, right through 'race to the top'...

Or maybe, 'scum rises'.

What's deeply disturbing about this is the very ordinaryness of this kind of thing anymore.

The Great Experiment in democracy is dead. Citizens United is just another epitaph.

Click to expand...

Why would they pay him $65 mill for a book deal that will sell hundreds of millions of copies worldwide?

Hmm...I wonder what the motive could be?

Profit or some ridiculous conspiracy dreamed up by the regressive and increasingly retarded wing of the Democrats?

I would buy Obamas book, probably insightful and well-written.

Why would an ex-president writing a book be a pay off? He's wildly popular around the world and was the first black president of the United States.

HAF2 said:

I would buy Obamas book, probably insightful and well-written.

Why would an ex-president writing a book be a pay off? He's wildly popular around the world and was the first black president of the United States.

Click to expand...

Read the linked article first. Then perhaps you'll understand the thread enough to comment.

ttystikk said:

Read the linked article first. Then perhaps you'll understand the thread enough to comment.

Click to expand...

Occums Razor applies here Im afraid, you're starting to move into Alex Jones territory.

You need to start taking your anti-psychotics again because it's just you, a racist and a duct tape weirdo now...

Why would a book company pay 65 mill for hundreds of millions of dollars in sales?

Cos CONSPIRACY! ( << thats the retarded answer)

ttystikk said:

Read the linked article first. Then perhaps you'll understand the thread enough to comment.

Click to expand...

I read it, although it still does not seem like a staggering amount to me. Books by the Obamas will sell.

What would be the benefit for PRH to now pay? A sense of responsibility for previous favours? Are billion dollar companies usually so true to financial dealings that can't be enforced?

It's obviously just an argument of opinions. But I don't find the article proved anything for me.

HAF2 said:

I read it, although it still does not seem like a staggering amount to me. Books by the Obamas will sell.

What would be the benefit for PRH to now pay? A sense of responsibility for previous favours? Are billion dollar companies usually so true to financial dealings that can't be enforced?

It's obviously just an argument of opinions. But I don't find the article proved anything for me.

Click to expand...

It's pretty simple, if you were to assume conservatively that they'd sell 20 mill copies worldwide at $20 a copy then the whole "pay to play" bullshit conspiracy talk makes far less sense.

SneekyNinja said:

Why would they pay him $65 mill for a book deal that will sell hundreds of millions of copies worldwide?

Hmm...I wonder what the motive could be?

Profit or some ridiculous conspiracy dreamed up by the regressive and increasingly retarded wing of the Democrats?

Click to expand...

Jesusfuck. Read the article already.

https://www.vox.com/culture/2017/3/2/14779892/barack-michelle-obama-65-million-book-deal-penguin-random-house

Book advances are investments. They don’t always offer a good return for the publisher
When publishers buy a book from an author, they aren’t offering them strings-free money. They’re predicting how much money the book might accrue in royalties, and they’re offering the author an advance payment of those royalties in a single lump sum. For the book to “earn out,” as the Clintons’ books did, it has to sell so many copies that its royalties surpass the amount of the advance. It’s only after the book has earned out that the author starts to receive royalties on top of their advance.

ttystikk said:

Jesusfuck. Read the article already.

Click to expand...

I read it and speculation, speculation, speculation.

People (myself included) want to buy those books, the Obamas want to write them and the publisher wants to sell them...who fucking cares?

An exclusive deal with the incredibly popular and first black president seems like a reason to set a historic book deal, no?

Obama wont have written more than 2 words in that book. He didn't publish anything when they gifted him the position at the Harvard law review. And Bill Ayres wrote his entire "autobiography." Obama's gone and he won't be making 1 cent off of me. Ever.

I think this is just another example of the obvious joke that is current politics.
If the 65 mil seems absurd think about the even more ridiculous 500k the president earns for actually being president.
Lebron James makes that every game and a half.
Most powerful position on the planet requires hundreds of millions to even run yet pays 500k lol sounds like everything is above board right from the get go.

ttystikk said:

Read the linked article first. Then perhaps you'll understand the thread enough to comment.

Click to expand...

I read it. I'm unimpressed.

Mcgician said:

Obama wont have written more than 2 words in that book. He didn't publish anything when they gifted him the position at the Harvard law review. And Bill Ayres wrote his entire "autobiography." Obama's gone and he won't be making 1 cent off of me. Ever.

Click to expand...

we get it. you hate the black guy. you're jealous. go live your mediocre white life, fuck your ugly wife and raise your stupid kids and shut up already.

ttystikk said:

http://www.nakedcapitalism.com/2017/06/market-forces-behind-obamas-record-setting-book-deal.html#comment-2824996

$65 million for a book or two? This rabbit hole runs deep, right through 'race to the top'...

Or maybe, 'scum rises'.

What's deeply disturbing about this is the very ordinaryness of this kind of thing anymore.

The Great Experiment in democracy is dead. Citizens United is just another epitaph.

Click to expand...

you've officially gone insane.

it's weird to see so many people radicalized in so many different directions. but it's happening.

HAF2 said:

I would buy Obamas book, probably insightful and well-written.

Why would an ex-president writing a book be a pay off? He's wildly popular around the world and was the first black president of the United States.

Click to expand...

He was black?

UncleBuck said:

we get it. you hate the black guy. you're jealous. go live your mediocre white life, fuck your ugly wife and raise your stupid kids and shut up already.

Click to expand...

I don't think he'll be raising his kid as Democrats, so no need to worry there.

gonnagro said:

He was black?

Click to expand...

racist mall cops like you wouldn't have followed him around department stores otherwise.

gonnagro said:

I don't think he'll be raising his kid as Democrats, so no need to worry there.

Click to expand...

UncleBuck said:

we get it. you hate the black guy. you're jealous. go live your mediocre white life, fuck your ugly wife and raise your stupid kids and shut up already.

Click to expand...

Lol. Uh, no you don't get it. I hate him cuz he's a Marxist. Same goes for Hillary. Oh, maybe lay off the booze or take a chill pill. You need it.