Book publishers offering Kamala Harris up to $20m for inside look at Biden's White House - report

Investing.com -- Kamala Harris, the soon-to-be former vice president and two-time unsuccessful Democratic presidential candidate is being courted by top publishers with an offer of an advance as high as $20 million, the DailyMail.com reported. The offer is for an inside account of President Joe Biden's White House and her failed presidential campaign.

The news was revealed to DailyMail.com by an insider close to the vice president. The source disclosed that offers from the publishing world began to roll in almost immediately after her loss to Trump. The book is expected to provide an in-depth account of the relationship between Joe and the vice president, detailing the successes and failures within the Oval Office and her campaign.

The advance being proposed is in the $20 million range, but could potentially be more when considering other publishing rights. The possibility of such a substantial sum isn't unprecedented. For example, Barack and Michelle Obama secured a joint deal from Penguin Random House in 2017 that came with a $65 million advance. In 2001, Bill Clinton received a $10 million advance.

An executive from a leading liberal-leaning publishing house in New York shared with DailyMail.com that the vice president, being the second-in-command and successor to Joe Biden's campaign after his withdrawal, possesses intimate knowledge of the administration's inner workings. She was involved in all presidential decisions and can offer a comprehensive account.

The total earning potential could be even higher when considering TV and movie rights, magazine and newspaper serial rights. Similar to the Obamas, who secured a lucrative deal with Netflix (NASDAQ:NFLX ), the streaming giant is rumored to be interested in a deal with the vice president.

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Source: Investing.com