facts about harpo productions

For people who listen to Reply All, Im going back and listening to some of the most popular episodes that Ive never heard. Now, I don't have a lot of problems in my life. Analyse the sources of power have Oprah in the entertainment industry. Maybe it's only for terrestrial tv. Oprah's going to be the perfect show. He ends up running ABC Sports where he inherits, as a direct report, Bob Iger. I didn't before researching this and this is up there with Andrew Grove's story of such an incredible, incredible triumph over adversity to entrepreneurial success. I mean, it's not just one story about getting a bad luck of the draw here. David: She has not signed a giving pledge, I believe, but she did attend the first giving pledge dinner. David: That's such a good point. He tells a bunch of his colleagues this young girl is pretty impressive. That they would relay the broadcast signals over satellite, that bounce of the satellites down to the ground tower, and then use the cable to distribute. Ben: You know who else has a place in Montecito is Jeff Jacobs. Ben: We will get into it. Hey, who's got a platform that's going to get my name to a lot of people, get good sponsors here? This a whole new Tom. David: Yeah, exactly. Ben: In which she gave equal airtime. The whole station on the back of this new revitalized AM Chicago with Oprah hosting it goes from last in the market to first in the market. Yeah, those are good themes. Compare that opening from Oprah, to Donahue, to the evening news, to the Wheel of Fortune, or anything that's on TV right now. He's the king of morning talk. She makes up some story and needs bus fare to get home, and Aretha gives her $100. This is the kind of stuff that he was doing, just human interest-type stories, in addition to celebrities. Because this is her first broadcast journalism foray, right? Interestingly though, I was also going to say cornered resource. Ben: Yeah. They identify Suzy as this mythical. Im about of the way through it. Harpo Productions (or Harpo Studios) is an American multimedia production company founded by Oprah Winfrey and based in West Hollywood, California. Radio station DJ. I think Bob Iger might have been running ABC entertainment at this point, so basically forces Bob, if he was, to take it. David: Now look at Harpo. This is our big reveal. It's like the empty seat in the producer's room for Suzy. Oprah doesn't know. What would they like to hear about? 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. We recognize this analysis is flawed (cashflow/profit multiples are better, at least for mature companies), but given the opacity of most companies business unit reporting, this was the only way to apply a consistent and straightforward approach to each deal. The easy thing to say is she never would have become the mogul with the power that she has today. Hes got some fire takes. Ben: Right. People are Talking. During the summers, they just bring me along to the firm, stick me in the back office with the TV and entertain yourself. A dark horse rides into second place! I want you to start now. Famously, Oprah says, Well do you have any concerns? Dennis says, No. She says, You know I'm black. Dennis says, Yeah, I can see that. Then she says, And you know I'm overweight. Dennis says, So am I and so are many Americans. She comes on board as a reporter for the news. David: The obvious modern-day analogy to all these is the Kardashian empire. David: But they're still Oprah brand, kind of. And that ability to constantly say no. David: Cables are starting to become big. Ben: The daytime talk show. David: UGGs boots, amazing. David: Nobody was ever going to make a nationally syndicated television show about the business and technology in 1986, but now, the Internet. Oprah's story is almost incomparable in the amount of trauma that she went through in those six years. David: You got to pay the mortgage on the promised land. Of course, Capital Cities is run by Tom Murphy and Dan Burke master capital allocators. 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. David: Yeah. 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. Don't take a salary, take a piece of the action. That's bumping around in Oprah's mind. OWN: Oprah Winfrey Network announced today that Oprah Winfrey will expand her role as chairman of the network and become the permanent chief executive officer and chief creative officer, effective this Fall. Two things happen in the next year or so that completely change. That's how you make the real money and get real power. Ben: For me to want to fly to Disneyland several times a year. Right before we do that, we want to thank our final sponsor for the episode, Wilson Sonsini, the official legal sponsor of season six of Acquired. Basically, these groups, of which King World is the largest, are just media rights distribution companies. Think about the auto mechanic shop or anywhere, you name it. David: This was the whole thesis of technology, software, and venture capital up until people started to realize that you can also build tech-enabled businesses with low gross margins in the real world. It is the sole subsidiary of her media and entertainment company Harpo, Inc. All underlying assumptions are based on public financial disclosures unless stated otherwise. quicklist: 1title:She's selling her condo in Chicago and is moving to her California estate full-time . Im feeling so good. Then you've got the stake in the cable network itself which is extremely valuable. I want to kill myself. It was just I can't imagine. In doing the research for this episode. But I think a lot of people don't. Her radio station colleagues call up the local CBS affiliate in Nashville WLAC and tell them you got to hire this girl. Ben: Yeah. Lots of different ways to gauge fandom here, but 20 million, and this is page views, not unique users. First of all, she might have stayed as important in the cultural zeitgeist, but I think its telling this is also in the podcast you referenced at the top of the show that Oprah felt like she was doing wrong by other people at the station by being so successful. But think back. It was all like come on down, click, click, click, and whoop-dee-doo. Shes donated a lot to charities, she probably will continue to donate hundreds of millions, if not billions more, but its actually an interesting question, lets say, what will be Oprahs legacy? You can have influencers in anime culture. I mean Ive got them right now under my armpits. The name "Harpo" is "Oprah" spelled backward, and it was also the name of her on-screen. He gives Pralines to the whole audience. What Im going to say here is if I was to apply Hamilton Helmer power, I guess it would be a cornered resource where Oprah is a cornered resource. David: This is the path. Oprah drops out of TSU and makes the move up to Baltimore. Im pretty sure it becomes the fastest and biggest-selling cookbook of all time. She starts giving orations and speeches at educational contests locally and around the state. That was going to be a bestseller. 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. Tom and Dan in Capital Cities are like, Dennis, job well done. I think the title is A Triumph of Avoiding the Traps. We cant decide which until a transaction like we just talked about happened. That trust, that relationship with the concept of Oprah that so many, not just Americans but people around the world have now, does Oprah need to be alive for that to be the case? As of January 2011, there have been approximately4,500 shows taped! Somehow, they told 30,000 people that in Chicago that Oprah didn't know. We transformed a television production company into a major influence in our culture. Yeah, there was Jerry Springer and there was Donahue. But the way that she changed the content is exactly as you pointed out, David, just perfect for these shorter YouTube clips and hasn't gone as short as TikTok yet. Then, you work with a publisher to distribute that around the country or the world. On September 8, 1986, the first national show is broadcast. Its first feature film, Beloved, was released in 1998 by the Walt Disney Company (see entry). They were going to watch whatever was on. David: That was once national syndication started. Announcement for the LP Program. It was probably maybe one season AM Chicago, then The Oprah Winfrey Show just in Chicago, and then national. Between six and nine, she shuffles back and forth. It's a made-for-TV movie. She's very adaptable. 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. We can talk about what powers that fit into, but you have these other properties that aren't Oprah-specific like Dr. Oz, Dr. Phil, and Rachel Ray. It started getting national syndication and it becomes a major phenomenon, like this whole new category. This purchase might have ranked even higher if Booking Holdings stock (Priceline even renamed the whole company after this acquisition!) We also know that lots of you have been LPs for a long time. I don't know how many people watch the Hallmark Channel, it's a good idea, or OWN (Oprah Winfrey Network). If she held it up by her face that will. All this is going on even though People are Talking fails on national syndication, Oprah's still a big star in Baltimore. Oprah, pretty undeniably, is good for the world. 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. He comes in, Bob had been working in ABC Sports under Roone Arledge, and Dennis comes in. Estimated Current Contribution to Market Cap: $63.0 billion. Oprah goes to Milwaukee, lives with her mother for a while. After accepting her seventh Emmy for Outstanding Talk Show Host and the 9th Emmy for. When Donahue shows up, they're like oh wow this is actually speaking to us. Okay, back to the regularly scheduled show in progress. Musical greats like Paul Simon, Quincy Jones and Patti LaBelle have penned lyrics for. This ranking represents a point in time in history, March 2, 2020. (Los Angeles, Ca.) The building was sold two years ago and will soon be torn down. David: Whats next is, all right, it's time to own the production, it's time to start a company, and it's time to build a studio. All right David, now over to you to take us into the story of Oprah and the company that she founded that's behind it all, Harpo Studios. Estimated Current Contribution to Market Cap: $126.4 billion. David: We talked about rather than doing narratives or acquisition categories since there's no acquisition, but what category is actually a good one, and specifically a tweak on a category in honor of our book club, Hamilton Helmer and 7 Powers is let's talk about what's the power for Oprah and Harpo. Dr. Phil has been a guest on the show 118 times! David: AM Chicago is the show. The incentives of a creator are either to get as much upfront as possible in advance or to make the deal as short as possible so that if you start to get leverage by being really popular, then you can go back to your syndicator and go, you need me more than I need you. She does it in such a way that its not like you could view that as super cunning and conniving. Holy crap, thats good business. David: Youre trying to push me even lower on the totem pole. NeXTSTEP, NeXTs operating system, underpins all of Apples modern operating systems today: MacOS, iOS, WatchOS, and beyond. David: Totally. The idea was they are going to bring back Oprah's book club as part of iBooks. It's great. This is a quote from him: Don't be a talent for hire. You got Kim, you got Kanye, you got Kylie, Kylies got a cosmetics brand, Kims now doing a podcast with Spotify. I think the cuts vary wildly so I can't describe the prototypical deal. That's the same thing that Jacobs had been effectively telling her. They do this in flash mobs, Internet flash mobs were a thing. Remember, the high school just integrated the year before, and she gets elected most popular in the school. David: Totally used it as a stepping stone. Ben: Thats right. This is great, Im loving it. She enters the Miss Black Nashville beauty pageant. Ben: Obviously, this isn't a classic Acquired episode where Facebook buys Instagram. ", Fivepresidents, five first ladies, one reigning queen, one former queen, six princesses, seven princes, one earl, one lord, one count and one duchess have graced. Ben: This permeates her thinking for the rest of her life. David: No. Such a brilliant business idea. He was the first one to do this in the audience and be like you, the audience member, ask the question. She introduces Oprah to a book of poetry by James Weldon Johnson called God's Trombones: Eight Negro Sermons in Verse. You're right. They closed down the streets. If you think about the ways that influencers monetize, yeah, theres this native advertising paid placement type of thing, theres the notion that youre going to create really intense fandom within a niche. Ben: I think a lot of the family didn't believe her when she later would tell people about this, that it got swept under the rug. Way more than she's making in Baltimore. I feel like we have way more credibility now that you actually grew up watching the show. David: That is the persona. And, if you live in the US we'll be sending you an actual copy and outside the US we'll we'll send you a digital copy. Donahues show was a 10:00 AM or 11:00 AM show, right? We almost have to. Dr. Phil, Rachey Ray, Dr. Oz, these all become Harpo Properties. David: What Donahue was doing was covering subjects in a talk show format, in an interview talk show format, that he and his producerswere mostly womenthought would be appealing to suburban housewives. He both negotiates a much, much, much better deal for her and brings her into national syndication and everything. At age six, Vernita was living in Milwaukee, Wisconsin at that point in time and had another daughter, a half-sister to Oprah named Patricia. Oprah owns 80% of it, Jacob owns 10%, and King World gets an equity stake of 10% as well as part of this negotiation. Amazing. The crazy thing is we'll get into this in a sec, but I think the way Forbes values her wealth is dramatically undervaluing her. David: On the back of that, actually, it was a little before. She talks about how she felt that she needed to bring the Oprah Show into its own physical space just to detangle from all the existing incentives that existed for everyone else in the building. So at the beginning of the episode, David mentioned that you have a box underneath your seat, pick that up and gaze inside if you have been considering becoming an LP, but haven't yet well inside that box, should you sign up, is a copy of Seven Powers by Hamilton Helmer, with a little note from David and I! She wins that, she becomes Miss Black Tennessee. That is amazing. Are you kidding me? If it was like at her waist, it was like eh, okay. Ben: Wow. This is still starting to play out, but the final ultimate media mogul moment which we're going to smile and laugh about here is Oprah makes it on stage at an Apple Keynote Event. 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. Website. 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. Ben: What's the deal with Apple look like? Ben: But yeah, she's exclusively on screen with The Oprah Winfrey Network as part of the Discovery relationship these days. They would go get it in all the other markets even though you're still making it there in Baltimore, Chicago, or wherever. The first two women before her were Mary Pickford and Lucille Ball, but both of them, of course, owned their studios with their husbands, Lucy and Ricky. When the number hits the part that we've already given you, then you'll get to participate in this percent of the revenue above that. So in the last 10 years, you don't really know. It leads to a lot of sales. 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. In Oprah Winfrey her own television production company, Harpo Productions, Inc., in 1986, and a film production company, Harpo Films, in 1990. 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. Im going to read in a sec, verbatim, Oprah's cold opening to the first national show, but keep in mind, as Im saying this, what Oprah is, who she is here, and how she's coming across. Eleven point swing. Shes had a freaking huge niche and there werent a lot of other people competing. If you havent listened to Reply All and you like this show, I bet youd really like that show. It was our person in this personal quest that she has been on that she's sharing with us. You get a car. Bush comes on and he gives Oprah a big kiss. The second, my love life. Then she introduces Margaret. Oprah and Quinta Brunson Abbott Elementary (HBOMax & OWN) 2022 DAYTIME EMMY . The idea is it's going to be a 50-50 JV. I think it was originally a two-year contract, or maybe it was a three-year and it went into 1988 but they negotiated in 1987. Cars driving towards the cliff, pulling the ebrake, and spinning around because the station was in the dumps. A total of 145 countries around the world, from Australia to Zimbabwe, broadcast. 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. David: Yeah, but I think it may have been the largest non-Super Bowl television event in history too. Stay tuned. This is the next line, There has been so much hoopla about this premiere show that it's enough to give a girl hives. Ben: If you're digging these 70s TV references, go listen to the ESPN episode because we probably did a much deeper dive into how the industry dynamics of that worked then. In some ways, its an audience network effect. Ben: It reminds me that The Big Lebowski is a more modestly priced receptacle. Then he had moved to Chicago to a big market doing his talk show in Chicago. Definitely go check that out. Trust me. When Oprah was born in 1954 in Mississippi in the deep south, she was born to a single teenage mother, Vernita Lee, who was a housemaid. If only they had. Great. She graduates, she enrolls locally in Nashville at Tennessee State University for college. Quincy tells Steven, Hey, you might want to look into this rising star TV personality in Chicago who I think would be perfect to play Sofia in the movie. Spielberg meets Oprah and of course, the rest is history there. Not just women, it's half of the city. She says, I went back to school and not a soul knew. It is obviously subject to change going forward from both future and past acquisition performance, as well as fluctuating stock prices. Our notes on Seven Powers are already ready to go. Ben: And he would have celebrity guests on, right? We also took a conservative approach, using only the (massive) $10.8b in annual revenue from the companys Agency Revenues segment as Booking.coms contribution there is likely more revenue in other segments thats also attributable to Booking.com, though we cant be sure how much. She comes back, she does the thing, comes back to collect the sponsorship after the march and he and a bunch of other folks at the radio station were like, why don't you make a demo tape? Right around that same time when she was nine years old, she was raped in Milwaukee by a 19-year-old cousin. Harpo is worth a crap ton with Oprah and I think a lot, lot, lot less without her. We're going to keep touching on control, we're going to keep touching on her drive to be big. And unlike YouTube, Facebook keeps nearly all of that $20b for itself! Those were huge syndication deals. That's when she and Jacobs decide all right, it's time to put the mogul plan into action. Literally every dollar of Apples $260b in annual revenue comes from NeXT roots, and from Steve wiping the product slate clean upon his return. But she got better and better terms each time all the way until the show ended. David: Yeah. We put a little box on everybody's chair who's listening, don't shake it. I wanted to be Diana Ross. It fits the bill. The empire just keeps on growing. Have top-notch advice and tips delivered directly to you. She goes to live with Vernon and Zelma. David: There is the whole diet thing. Ben: Yeah. Of course, she's a person so she's going to (I don't know) struggle with this is the right word, but fluctuate, she gains weight, she loses weight. It's a sitcom, not a talk show, but I think a lot of people would like to watch the back catalog of Oprah. In September 1996, they launched Oprah's Book Club with Toni Morrison's Song of Solomon as the first book. The family doesn't understand. Its excellent. Now we all have our cell phones. On the WBEZ podcast, I think it's Debbie DiMaio tells the story of how they tried to get Don Johnson from Miami Vice as the cast but couldn't get him. David: The biggest syndicator at this point in time is a company called King World. David: Totally. The Beatles of course have been on Sullivan, but to have a Motown group, an African American group, and a group of black women on The Ed Sullivan Show Sunday night, primetime was a huge moment. Dennis calls up the Capital Cities brass and they're like, you sure about this one? I have to tell you, things are going pretty good for me right now, but two things have bugged me for years. I'm going to bring in this super knight. Ben: As always, if you love Acquired and you want more, you can become an Acquired Limited Partner. Oprah's ready for a bigger stage. 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. In 1998, Oprah took voice lessons so that she could sing her own theme song, "Run On." We considered all historical acquisitions not just technology companies but may have overlooked some in areas that we know less well. They do a two-part finale. Again, super terrible and problematic in lots of ways, but Oprah's in the headlines. Ben: The other thing is that would have to be a special carved out because she is under exclusive onscreen appearance. Even though your stuffs freely available, you have to figure out a way to make it occur to people that they should. She's not a super great reporter but people love her. He was charming, shy and thoughtful." Five presidents, five first ladies, one reigning queen, one former queen, six princesses, seven princes, one earl, one lord, one count and one duchess have graced The Oprah Winfrey Show stage. Its crazy. It's time for Oprahs negotiation renewal for the King World deal. Its different. They instill strict discipline and try to straighten her up. The set also housed The Rosie Show, an American evening television talk show which was hosted and produced by actress and comedian Rosie O'Donnell, airing on the Oprah Winfrey Network.Harpo Studios has Emmy Award-winning teams in production designs, lighting, camera . Super not healthy. Interval TBD. She would never wade too far into the waters of the trashy TV. It's really about how it's all the things that Oprah didn't do, the things she said no to, and the way she stayed true to herself and her audience that really let her keep that for so long. Something went wrong while submitting the form, Transcript: (disclaimer: may contain unintentionally confusing, inaccurate and/or amusing transcription errors). David: Yeah, we hope you will. And for all our trademark Acquired editorial and discussion tune in to the full episode above! Ben: The question is, would Harpo have the majority of its future economics if not for the relationship between tens of millions of Americans and Oprah that comes from the past? It turns out, among Oprah's many, many great strengths, being a news reporter is not one of them (which she will freely admit). But Harpo entered into a unique multi-year content partnership with Apple. They came on, Gore did fine, was kind of stiff. I think we talked about this on the ESPN episode. David: Massively. The wealthiest black woman and the 10th wealthiest self- made women in the world. Fun facts about Harpo Studios. It will be interesting. Boy did he get himself a screaming deal on this one. Its totally thrilling. Harpo Productions (also referred to as Harpo Studios) is a multimedia production company founded by Oprah Winfrey and is based in Chicago, Illinois. Get updates on your favorite shows, the latest from Oprah's world and more! The first year is very disappointing and the number of people she can actually reach.

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