The show is seen by an estimated 40 million viewers a week in the United States. She started spiraling. Her grades get her into the National Honors Society. It is the most successful production company in daytime talk, producing The Oprah Winfrey Show, The Dr. Oz Show, and The Nate Berkus Show, as well as having developed Dr. Phil and Rachael Ray. As she tells it, she was pleased at first but then began having second thoughts. That was a great, great moment that will become a driving force on Oprah to this day. Also, [] and say I think this is a gross margin because at the very least, Oprah has to pay herself out and thats going to even the EBITA margin. Everybody knows Oprah, and some people may have a sense of her story that got her to become the Oprah that we know today. I think my grandma may have watched every episode, or through headlines, and through the things, you know about Oprah because they were major pop-culture moments. Instead, her guest on that first show was an author named Margaret Kent who'd written a book called How to Marry the Man of Your Choice. They actually pulled off, shocking her. Thank you to Wilson Sonsini, Ive done a lot of work with them, theyre awesome. Remember, evening news crown jewel of affiliate TV stations, of TV in general. After five years and over 100 episodes, we decided to formalize the answer to Acquireds most frequently asked question: what are the best acquisitions of all time? Here it is: The Acquired Top Ten. They do this in flash mobs, Internet flash mobs were a thing. He says, no, no, no. Shes super upfront. Harpo, Inc. - First Chicago, Then the Nation - Reference For Business Jeff and Oprah would be business partners for about 20 years. In doing the research for this episode. They're producing all their own stuff. 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. They're just hustlers and they only have the track record of being a local show before this. Its a tough thing to tie your self-worth and your physical appearance like that. It's like the Disney flywheel hare, all within Harpo. We also know that lots of you have been LPs for a long time. That's the whole point. She's like, Okay.. Cringey. Ben: It's just so unbelievably authentic. All that to say, there are all these properties now that Harpo has their hands including a massive cable network of which they own a quarter, 25%. It was just that a lot of people, particularly suburban housewives, watch TV during the day. How to watch Oprah's interview with Harry and Meghan - CNN Also, this is super important. It also includes HARPO Films and HARPO Radio, Inc. 44 million people watched it. Not bad for a set of nerdy comic book franchises, Total Purchase Price: $70 million (estimated), 2004, Estimated Current Contribution to Market Cap: $16.9 billion. Not just women, it's half of the city. They are zero marginal cost businesses and when they scale, they just create beautiful, beautiful business and economics. Take whatever percentage you feel you need. We're not going to out-Donahue Donahue, we're going to zig where he's zagging. Really, theyre just talent and not entrepreneurs. Announcement for the LP Program. David: It was not a thing. Own yourself. Ben: What was Donahue doing? Ben: Right. Which of course, you can. David: AM Chicago is the show. WBEZ podcast talks about this, the target audience is Suzy. She starts giving orations and speeches at educational contests locally and around the state. Discovery and Harpo Studios that launched on January 1, 2011, replacing the Discovery Health Channel.. It's not conniving. Oprah Winfrey, American talk show host, actress, and producer, founded Harpo Productions was born on January 29, 1954. I have to tell you, things are going pretty good for me right now, but two things have bugged me for years. Especially at this moment that we're in now, let that be the message that by doing something, not consensus, and by zigging where others are zagging, you can be enormously profitable. I watched Oprah all day and Phil. 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? But in 2012, they signed a production deal (Harpo does) with Tyler Perry to bring over some of his existing TV series that he's been working on and also produce some new tv series for OWN. In this interview, she said to Bill, I intend to be the richest black woman in America. The wall of fame displaying shots of The Oprah Winfrey Show's famous guests. For people who listen to Reply All, Im going back and listening to some of the most popular episodes that Ive never heard. Rosie was her personal chef. In Baltimore, lots of local stations were saying we need our own morning talk show. David: We'll talk about that in the playbook. I'd heard Jeff is a piranha, she says of her choice, I like that. Oprah Winfrey Network (OWN) is an American multinational basic cable channel jointly owned by Warner Bros. Harpo, Inc. | Encyclopedia.com They watched channels that she was on and when she had moved over to a new channel, like Joe Rogan or like a lot of what we're seeing unfold on podcasting now, she doesn't necessarily have an ability to reach out to all those people and say come on over. Harpo gets equity in KingWorld as part of this deal. In 1988, the company took full charge of Winfrey's show, which was produced in new facilities on the city's Near West Side. Ben: Let me pop-up another level and generally condemn the beauty pageant industry, but then the racist part. Oprah Winfrey Network - Wikipedia David: Massively. The first time he'd been interviewed for 14 years. She gave them, as she says, on a platter. Donahues show was a 10:00 AM or 11:00 AM show, right? We live in a pretty male-dominated work culture and society now. SIGN UP FOR NEWSLETTERS TODAY AND ENJOY THE BENEFITS. In doing so, Oprah becomes the first black woman and only the third woman ever to own a production studio. I don't have any well-formed thoughts here yet, but lets talk about what are the things that are different now. This is a great example of her creativity and her drive to go and acquire whatever credential or whatever leverage she needed to in order to go and become the person that gets that next spot. Naspers investment in Tencent and Softbank/Yahoos investment in Alibaba are disqualified for this reason. The first other project besides The Oprah Winfrey Show it's called The Women of Brewster Place. I was like is it fair? It took place in Colorado. Stephen King also has a great follow on Twitter. She earned $31 million in royalties and salary from the King World contract in 1987. She's like you know what, let's put it all back in. Total Purchase Price: $1.65 billion, 2006, Estimated Current Contribution to Market Cap: $86.2 billion. Then in 1983 is when the big, big, big break comes. David: Yeah. Ben: Dennis has the magic touch. OPRAH IS A REGISTERED TRADEMARK OF HARPO, INC. ALL RIGHTS RESERVED 2023 HARPO PRODUCTIONS, INC. ALL RIGHTS RESERVED. And so, we were also going to go back through and pick 100 of our existing LPs to send copies of the book to as a thank you. Oprah's interview with Harry and . It's to be an owner. David: No. She's going to conduct interviews. Oprah and Harpo made a $100 million on that deal in months. She says, I went back to school and not a soul knew. Oprah [] under this and is not happy. 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. With Google recently reporting YouTube revenues for the first time ($15b almost 10% of Googles revenue! It might be spending on honing the content. Because this is her first broadcast journalism foray, right? We're going to open it at the same time. Ben: Let's touch on that now because I think Oprah has some quotes looking back on this that are worth mentioning. She decides she wants to get into TV. Through all of this, Oprah ends up going into labor two months early. However, with her talent, Oprah has attracted billions of people to her . 11 things we learned from Meghan and Harry's interview | CNN Disney earns about two dollars in parks and merchandise revenue for every one dollar earned from films (discussed on our Disney, Plus episode). 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. A 7-Eleven. Brad Pavon - Co Executive Producer - Harpo Productions - LinkedIn Its a career. King World had Wheel of Fortune, they had Jeopardy, and all these shows. The Watch OWN app is free and available to you as part of your OWN subscription through a participating TV provider. Not an anchor but a field reporter. In this one, were grading how good of a use of $16 million for Oprah to buy out the rights for the show. She does it. Ben: Its interesting because we don't take this angle with other companies. 60 Facts About Oprah That You Probably Forgot - ABC News David: One episode to Bush and Gore. Okay, just think about that. Harpo Productions: Contact Details and Business Profile - RocketReach Harpo Studios was once a roller skating rink called the Roller Bowl. They come to WLS and to Oprah. The new star is like, okay, Im going to get my star on Hollywood boulevard but literally, Im going to own the boulevard. 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. The other one is a number of years ago, Kitty Kelley wrote an unauthorized biography of Oprah which is extremely well-researched, controversial in many ways, but also forms a lot of the facts and basis for this. I wonder if it's actually with that capital that she then started buying and bringing in other shows into the Harpo Network, Rachel Ray, Dr. Phil, Dr. Oz, many of which she kind of made them originally guest on Oprah Show. It was really for rural areas that couldn't get broadcast reception at this point of time. Get more inspiration like this delivered to your inbox, Do Not Sell or Share My Personal Information. Ben: Also, does cable exist yet? Its different.