You start to see what deals can I cut and what different ways across what channel reach what segments of my audience. In the United Kingdom, the interview aired on ITV on Monday, March 8, at 9 p.m., and streamed simultaneously on the ITV Hub, where it can still be watched. They negotiate directly with King World. This is a different Tom. Thats not at all what happened. David: That's such a good point. Somehow, they told 30,000 people that in Chicago that Oprah didn't know. The Wall Street Journal reported on March 5 that CBS paid between $7 and $9 million for rights to broadcast the interview, during which advertisers had to pay $325,000 for 30 seconds of commercial. That is a great business model for this type of business. Then in 1983 is when the big, big, big break comes. They bring in and start producing those shows and owning them as part of Harpo. People nicknamed her The Preacher at church because she would recite bible verses for the congregation even as a tiny little child.
Oprah Winfrey | Biography, Talk Show, Movies, & Facts She was telling everybody at school. Note: Acquired hosts and guests may hold assets discussed in this episode. Ben: Yeah. In total, there were 55 million copies sold after Oprah recommended it. She doesn't actually know what the real reason was for closing it down. Therefore we estimate Marvel generates about $6.75b in annual revenue for Disney, or nearly 10% of all the companys revenue. Doing this episode we just realized it's crazy that we haven't done this for Acquired. David: The obvious modern-day analogy to all these is the Kardashian empire. status, if ESPN is M&As Lebron, Insta is its MJ. The plan is they're going to launch in January 2011 because the King World CBS distribution rates for The Oprah Winfrey Show ran through May 2011. I want to kill myself. It was just I can't imagine. I suppose he's a good picker. It's a three-part series with a few bonus episodes. I don't know how much of this was a calculated plan. In Montecito, one of if not probably top 5 or 10 highest-valued real estate properties in the world is a five-mile-long driveway. Ben: The more you learn about Oprah, the more that you learn that as a media personality there's nothing you can do that Oprah hasn't already done. If you have 510 minutes, we would deeply appreciate you helping us to understand what you like, how we can make the show better, and possibly most importantly who you are. Ben: Right. I want to celebrate with my friends. David: Yeah. He's going to leave, quit Capital Cities and ABC, and then he meets with Dennis. Super not healthy. David: Yeah. Ben: Just looking at this six-year span, we've covered a lot of people on this show who have overcome adversity. Okay, playbook. Get updates on your favorite shows, the latest from Oprah's world and more! Amazing. Total Purchase Price: $188 million (by ABC), 1984, Estimated Current Contribution to Market Cap: $31.2 billion, ABCs 1984 acquisition of ESPN is heavyweight champion and still undisputed G.O.A.T. HQ Location. Again, for folks who are newer to the show, we basically grade how good of a use of capital was for big co to buy a little co and compared to everything else they have done with it. So fun to watch on YouTube. Ben: Let me pop-up another level and generally condemn the beauty pageant industry, but then the racist part. Something went wrong while submitting the form, Transcript: (disclaimer: may contain unintentionally confusing, inaccurate and/or amusing transcription errors). What Oprah Knows for Sure About Healthy Living, Oprah Just Cleaned Out Her Entire Closet at Harpo Studios, Behind the Scenes of Oprah's March 2016 Cover, The Documentary About Nora Ephron Only Her Son Could Make, What It Was Like Growing Up With a Sibling Afflicted With Bipolar Disorder, What an Overweight Former Model Can Teach Us About Breaking Free of Bad Habits, The One Lesson Cory Booker Learned from His Father We Should All Think About, Do Not Sell or Share My Personal Information. She rolls up her sleeves and gets to work. You should have a podcast. After giving birth, Vernita actually left Mississippi when Orpah was very, very young. By handing the media this story, while certainly painful and all that, she just guaranteed the next 20 years of headlines about Oprah's weight. So great. David: That kind of stuff. Chicago, Illinois, United States.
Luxury Car Rentals Chicago and Harpo Studios Oprah runs up to her in the limo and starts sweet-talking Aretha and says she's from Ohio. I dont want daytime TV. You can contract with us for us to have that be a part of your publication for a period of time, but that's a thing that I own. David: Yup and they get 20,00030,000 people to come to Miracle Mile in Chicago. She goes to live with Vernon and Zelma. Legend has it that she interviews Jesse Jackson on the radio show and Jesse Jackson must have been pretty young at this point, too, but already very famous. While shes there, Vernita had another daughter who she put up for adoption that Oprah wouldn't even know about until only a couple of years ago they were reunited and a son named Jeffrey who would later die in the AIDS epidemic. They would put these folks in the audience and then he would go around with the microphone.
Harpo Productions | LinkedIn David: I think we saw in the methodology for Forbes, they said they added up all the after-tax profit cash flow to Oprah that they estimate Oprah had gotten from Harpo over the last 20, 30 years. You got to think Oprah is on her way, too, but if you can successfully build that, then thats how Oprah can make her exit from it and it retains value on its own. Thats a good question. A few announcements before we do. Ben: And we are your hosts. Then she got, I don't know how much more but hundreds of thousands of dollars more with a better agent when it was still just the station. Literally, 44 million people watched this show. Ben: It's so interesting how in so many of these stories, you can pinpoint a moment in someone's life where it started to click for them. I want to own it. David: Yeah. David: At the end of the day, all those audience members got the cars. She's relatable, she's authentic, and she's powerful. Then, everybody does a choreograph flash dance in the middle and it's like the most perfect three-minute YouTube you can ever imagine. I think its an interesting parallel because it allowed her then to go and do Recode and take the band with her and have that control. Her readings of these and again, nobody knows her secret, but for a 15-year-old just this incredible oration and she has this deep Oprah voice already that we all know now. Again, super terrible and problematic in lots of ways, but Oprah's in the headlines.
Harpo Productions Inc. - Encyclopedia of Chicago This is Oprah that for the very first time last year made $30 million, but she just knows the trajectory that she's on. I thought this whole Oprahs giveaway thing is shes so rich, she doesnt need to be rich, she doesnt care about being rich, she loves her audience so she buys some things. gets paid out to creators, and YouTubes hosting and bandwidth costs are significant. Somebody needs to buy it or steward it or something. Ben: Amazing. He's an employee and that's all good, but Im coming on contract. David: Clearly, the back catalog of something like Friends is worth a lot these days. Yeah, there was Jerry Springer and there was Donahue. She has a smaller version of it that's continued. And you don't have the rights to me anymore. What companies are involved? David: No. Ben: This is on that great podcast that David mentioned at the top of the show. David: Yeah, 100%. Ive been reading The Dark Tower series by Stephen King, which I always thought of Stephen King as a 90s horror author. Oprah's going to be the perfect show. What if Oprah didnt spend $16 million and kept working for WLS? It's so far outside the realm of the lived experiences that Ive had, and I'd imagine the same for many of our listeners that it requires a different set of words that I really have for this. 201-500 Industry. But well leave the debate over the divisions profitability to the podcast. She would never do anything that she felt would violate her code or what she felt like people would want to watch on an enduring basis. With Google recently reporting YouTube revenues for the first time ($15b almost 10% of Googles revenue! Ben: What was Donahue doing? David: Isn't that awesome? We're going to work out the details but this is for real. David: Yeah, we hope you will. He's like, no, no, trust me. It just happens to be that. Really, theyre just talent and not entrepreneurs. I'd watched a bunch prepare for this episode, but before this, the things I knew about Oprah were like through my grandma. She certainly knew that by doing this she was going to get these ratings. It's incredible. Ben: Yeah, wasn't it something like people mispronounced her name so she just said ah screw it and changed it when she was younger. The empire just keeps on growing. Ben: It was the largest interview in television history. Ben: Like The Oprah Winfrey Show.
Photos from Fascinating Facts About Oprah Winfrey - E! Online Ben: Right. They had the Black Eyed Peas come to Chicago to do a big outdoor event. Born to a poor single mother in the segregated 1950's deep south, Oprah's rise from terrible adversity to wealthiest Black woman in the world ranks among the very greatest American success stories. I think we talked about this on the ESPN episode. The very first time that the vast majority of viewers are seeing Oprah and they're having this really intimate relationship with her. Although thats small compared to Googles overall revenue of $160b+, it still accounts for over $16b in market cap by our calculations. Ben: Its interesting because we don't take this angle with other companies. Ben: Let's touch on that now because I think Oprah has some quotes looking back on this that are worth mentioning. This is the kind of stuff that he was doing, just human interest-type stories, in addition to celebrities. I was like is it fair? Kind of just like Dennis, back in the day, the original having inkling that this is going to work, they have an inkling that a made-for-TV movie targeted at women is going to work. She has a multi-year contract with the station so they can't fire her, but she gets demoted from the co-anchor spot. Apparently, after the interview, Oprah says this later, he tells her, You have the gift.. The Kardashian-West empire now, combined. He's going through casting, and Quincy Jones has signed on to the project as a producer and is doing the music. It also includes HARPO Films and HARPO Radio, Inc. David: Yeah, the Black Eyed Peas maybe. David: It is amazing. Disney earns about two dollars in parks and merchandise revenue for every one dollar earned from films (discussed on our Disney, Plus episode). Today, we are covering an incredible entrepreneur, Oprah Winfrey, and her company Harpo Studios. David: Nowadays, probably Tom Cruise jumping on the couch clip has over 44 million views I would guess on YouTube these days, but that's over 15 years. Perhaps most relevant to the Acquired auditions, she really invented the idea of what we call today an influencer. It was like 100 times more. Of course, Capital Cities is run by Tom Murphy and Dan Burke master capital allocators. David: That's the thing. Ben: It's just so unbelievably authentic. They would go get it in all the other markets even though you're still making it there in Baltimore, Chicago, or wherever. We're joking but kind of true. We are landing the plane, we are bringing home the audience. David: Not to mention Dr. Phil, Dr. Oz, Rachel Ray, all this stuff. Oprah's such a genius. Hey, who's got a platform that's going to get my name to a lot of people, get good sponsors here? Send Oprah and I'm going to raise these two girls together. Ben: This permeates her thinking for the rest of her life. A good time to move into value creation and value capture. The gatekeeper being like, you got to rise above the noise and create something compelling thats going to get peoples attention and be worth watching among the sea of all the content out there. If people who you were just negotiating against are praising your agent, you got had. Download the Watch OWN app and access OWN anytime, anywhere. She did it on-site at Neverland Ranch. The show ends in its 25th season in 2010. Much like a software business. David: I don't even know if this [] deal would happen yet, but he had a show. The interesting question that Im noodling on is, shes got billions of dollars now and a lot of it is tied up in Harpo, its not like she has kids. He gives Pralines to the whole audience. Debbie's now working at WLS in Chicago, and they have their own morning talk show, AM Chicago. In this case, it's local TV station produces a show, produces the content, and that's a fixed cost investment. Ben: In fact, we already have a book club channel that we just haven't used in the Slack in an organized way. Oprah created a ton of value in the world, manage to capture a lot of it. Okay, just think about that. David: On this going out on top, she decides that the 25th season of the show is going to be the last and she's going to fully transition to mobile status and she's working on a big deal which we'll talk about in a sec. She's completely destroying Donahue in his hometown.
Oprah Winfrey - Philanthropic Giving The building was sold two years ago and will soon be torn down. We're now in late winter of her sophomore year in high school and she just completely reinvents herself. That's how you make the real money and get real power. They invest $16 million of Oprah's own money to build a state-of-the-art production studio in Chicago, and they're going to produce. Rosie was her personal chef. But that's actually again, Oprah to kind of being I don't know how much this was intentional, but this stuff she starts doing on the show is perfect for the Internet. They do a two-part finale. Hundreds and hundreds of people, producers, and just massive staff to be able to pull off these gambits that they did. You can just throw up a podcast feed, you can throw up a YouTube video, you can jump on TikTok. This a whole new Tom. They run it kind of like all right we're doing this to appease Oprah. He was getting her first-year salary in the $30 million category. It's going to be her own channel, 50-50 JV with Discovery. That has been part of I don't think the partnership has played out as intended with the. David: At every step of her career, she's always thinking about the next step. How history could have been different. And that ability to constantly say no. Oprah shuttled back and forth from Milwaukee to Nashville where Vernon had moved.
Brad Pavon - Co Executive Producer - Harpo Productions - LinkedIn Harpo, Inc. - First Chicago, Then the Nation - Reference For Business Ben: Thats right. TV at this point is just a broadcast network, right? Ben: Yeah, let's talk about the channel struggling because what that was is, again playing for the playbook thing, but we talked a lot about this notion of a direct relationship with your audience.
Harpo Productions - Wikipedia She does that for a couple of years and then gets the next big break when the station decides that they're going to start doing a morning talk show after the news. In Harpo, the sources of power of Oprah Winfrey are fame, ethical leadership, and philanthropist. He tells a bunch of his colleagues this young girl is pretty impressive. By 1988, it wasn't just a woman who lost weight, it was our Oprah. Estimated Current Contribution to Market Cap: $49.9 billion. Lets pop back up to that gross revenue number, $196 million. Piranha is good.. People are Talking. They actually pulled off, shocking her. This is in the Kitty Kelly book. It started getting national syndication and it becomes a major phenomenon, like this whole new category. David: Yeah, crazy. The Fat Wagon or when she literally moved her show to that terrible racist county where she actually relocated the whole show and did an hour-long show with an audience of mostly white supremacists who was explaining to her why they needed to be this all-white community. This isn't the Oprah we know today that has over $2 billion dollars. David: Specifically keep the rights to your content. WLS had been paying Oprah $230,000 a year. It was the most anticipated book of the century and then she didn't publish it, which just made the myth even stronger. David: Yeah, no new films in development. His empire and that kind of content starts a whole new generation of folks watching OWN. Let's buy this thing, let's own this thing, and let's build this thing. You should do your own research and make your own independent decisions when considering any financial transactions. Oprah, by the numbers stats here, over the 25 seasons, the show received over 20 million letters. Remember, Donahue was recording in the same city. Anything additional you can get is new marginal revenue, it doesn't cost me anything. The transaction that we're going to analyze here is Oprah spending the $16 million of her own money to buy out the rights to produce her own show and own everything outright with the 10% for King World and the 10% for Jeffrey Jacobs and what that ultimately turned into.
Harpo Productions net worth Jun, 2023 - People Ai By year's end,. It was a sort of non-consensus bet that he was making and saying by doing something other people aren't doing here that I think is awesome, we're all going to go be super successful. That completely changed Oprah's mindset about what her goals are. Ben: Some other interesting things as we tie up our history and facts here. One is the local Chicago NPR affiliate, WBEZ. With Harpo, Inc., Winfrey used her popularity on television to expand into movie production and publishing, making her the most successful African American business owner in the United States, and one of the wealthiest entertainers in the world. By the way, the promised land, I cant resist. Ben: I learned this in the research that Oprah was the queen maker of that. If it was like at her waist, it was like eh, okay. The channel actually struggles for a couple of years after they launched it, but again, Oprah and Harpo tuned in. Of course, we already have the episode with the author done. In order to count for our list, acquisitions must be at least a majority stake in the target company (otherwise its just an investment). This is great, Im loving it. They expand the show from 30 minutes AM Chicago to 60 minutes (a full hour), they rename it to The Oprah Winfrey Show. Its hard to find an area where gosh, Oprah making all this money, it was actually bad for the world that she was in business. Ben: The daytime talk show. David: This is when they found Harpo Media. But the bottom line is, its incredibly hard to find a better use of $16 million than she did in 1986. Harpo Productions (also referred to as Harpo Studios) is an incorporated US-based multimedia production company founded by Oprah Winfrey (the name "Harpo" is "Oprah" spelled backwards, and was the name of her on-screen husband in The Color Purple) and is the sole subsidiary of her media and entertainment company, Harpo, Inc. Harpo Productions's subsidiaries consist of Harpo Radio, Inc. (the . Ben: I don't know much about TV but that doesn't sound good. She ends up, it's probably the next year, her junior year, getting elected as vice-president of the class. What was his show? Ben: $16 million dollars of her own money. But 20 million times, people were strong enough fans to write a letter in. Lots of different ways to gauge fandom here, but 20 million, and this is page views, not unique users. See other industries within the Information sector: All Other Telecommunications , Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services , Media Streaming Distribution Services, Social Networks, and Other Media Networks and Content Providers , Newspaper, Periodical, Book, and Directory Publishers , Radio and Television Broadcasting Stations , Satellite . It's actually extremely unlikely that biologically he was her father because he was on active military duty nine months before Oprah was born, but it is definitely true that he was and a father to her in every other sense of the word. We know what the revenue share looked like with King World. That was the idea for Donahue. Ben: She had some UGGs, she loved them. For every additional person she added that watched the show, she got one persons worth of revenue. Jerry is Will Ferrell, basically. That was not a thing until Donahue. Holy crap, thats good business. She does the first show and she's like oh I was born to do this. Basically, these groups, of which King World is the largest, are just media rights distribution companies. Great. Ben: It's a great observation. If you havent listened to Reply All and you like this show, I bet youd really like that show. quicklist: 1title:She's selling her condo in Chicago and is moving to her California estate full-time . There's this wonderful David Carr article in The New York Times. We'll do good. She runs away from home in Milwaukeethis is sort of a funny story []the story that Oprah tells, Aretha Franklin was in town in Milwaukee giving a concert and she sees her in a limo. If you want to join, you can get access by clicking the link in the show notes or going to glow.fm/acquired and all subscription comes with a seven-day free trial.
Then it all hits. This Tom Cruise clip, you can even just pick three seconds, wind it back and forth over and over again, turn it into a GIF. With the purchase of the large Chicago production facility now known as Harpo Studios, Oprah became the third woman in the American entertainment industryafter Mary Pickford and Lucille Ballto own her own studio. I can't remember exactly what he says, but he's kind of making fun of them. Maybe 320 million people? Ben: Isn't Oprah's book club on oprah.com now? I think she has talked about this. His first verse. How different firms do it, why it's important, and the different schools of thought around the topic. David: Totally. After accepting her seventh Emmy for Outstanding Talk Show Host and the 9th Emmy for. She becomes the first black woman on television in Nashville, I think in all of Tennessee, but definitely in Nashville.
Oprah On Cleaning Out Harpo Studios It had been an all-white school before that class. In 1987, I believe it was the last year of the original contract with King World. If you have any examples you think we missed ping us on. Ben: Help us understand. I just went on this diet, I lost all this weight. They had the idea on the show. That's the whole point. She's like, Okay.. Ben: You just said there, David, is really important to drill home for everyone. It's terrible. He hears Debbie's pitch and he says okay, great. Estimated Current Contribution to Market Cap: $72 billion. This might have been a part of the voting for most popular. It can start to look really lucrative for you as a creator because the syndicator will fund the creation of your show on an ongoing basis. I need a real agent here. I forget who her agent was before. Celebrity guests and I thinkI believe this is righthe had the first openly gay person on TV to talk about being gay. The other big thing that happens in this time is Alice Walker's novel, The Color Purple is being made into a huge film event with Steven Spielberg as the director. Unfortunately, right around that same time, there was a terrible moment that would also set her down a path that fortunately she stirred back from. David: Yeah. We are giving away a set of AirPods Pro and 10 one-year Acquired LP subscriptions as a raffle that we will draw after closing the survey. @harpo-productions. We could have used ROI multiple or annualized return, but we decided the ultimate yardstick of success should be the absolute dollar amount added to the parent companys enterprise value. Patricia very sadly will die of a drug overdose at age 43. Ben: The way that I label this theme is she had the perfect timing where you could reach the national audience, but everyone couldnt reach a national audience and this could never happen again. Okay, she had a handful of maybe competitors, many of which she ended up co-opting and we'll get into in a sec. But the whole Rachel Ray relationship hasn't begun yet, right? Ben: For me to want to fly to Disneyland several times a year. We almost have to. Ben: I think it's on a Saturday, right? Its first feature film, Beloved, was released in 1998 by the Walt Disney Company (see entry). They identify Suzy as this mythical. He's super old-school, Edward Murrow style, like echo the news, and she's Oprah. Three separate ABC people stopped me to tell me what a great guy my agent was, Winfrey recalls, and that didn't make sense to me. Why were people going out of their way to praise the fellow? Winfrey's natural skepticism was aroused. David: It was not a thing. Have top-notch advice and tips delivered directly to you. She gets promoted to be an anchor in the evening news. Acquired Book Club. Let's be honest about what the draw is here. Analyse the sources of power have Oprah in the entertainment industry. Fun facts about Harpo Studios. Ben: Wow. Ben: In which she gave equal airtime. She's very adaptable. Total Purchase Price: $1.65 billion, 2006, Estimated Current Contribution to Market Cap: $86.2 billion. They have her make a tape, they cut a tape while she's there. Her grades get her into the National Honors Society. It's almost like the Steve Jobs reality distortion field. She's like, I'm going to be the best damn weekend features reporter that has ever been. This is great, she writes an autobiography, and by all accounts, she actually wrote this autobiography. When she occasionally did it it was Optifast. Ben: Obviously, this isn't a classic Acquired episode where Facebook buys Instagram. That was the next piece of the empire. The seeds of The Oprah Winfrey Show are sown right there. Nobody. Its basically, intentionally but unintentionally, his attempt to an American Lord of the Rings. You think of TV news reporters you think of like []. The next big thing is in 2000, they partnered with Hearst and they launched O Magazine. Who would have thought facilitating payments for Beanie Baby trades could be so lucrative? There was this perfect moment in history where the Internet wasn't a thing yet, so you didn't have the massive fragmentation of all the different creators who would rise up that you could watch. Ben: Dennis has the magic touch. Ben: Which is an amazing name for a talk show. And then Ben mentioned the book club channel in Slack that has been sitting there for awhile: We're going to repurpose that for use of an ongoing discussion of our bookclub books. We're way, way []. We transformed a television production company into a major influence in our culture. Two things happen in the next year or so that completely change. But now you get these moments, you get these clips, and then they're going to be posted and reshared and reposted on the Internet. It was part of a series of things that she started where it was like when I have an idea of a thing that I love that I want to give to my audience, like pajamas, for example, we will just give them to the audience because I want them to enjoy it. Kara talked about how her deal with the Wall Street Journal was, hey look, we're going to do all things digital, Walt and I. Harpo, of course, is both Oprah backward and the husband of Sofia's character in The Color Purple. Harpo Studios was once a roller skating rink called the Roller Bowl. fave like share The Smithsonian Channel announced on Thursday that it is partnering with Oprah Winfrey's Harpo Productions to release an original documentary, The post Oprah Winfrey's Harpo Productions partners with Smithsonian Channel for 'The Color of Care' documentary appeared first on TheGrio.
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