1988
At Harpo's founding, Oprah Winfrey owned 80%, Jeffrey Jacobs 10% and King World 10%.
“Oprah owns 80% of it. Jacobs owns 10% and King world gets an equity stake of 10% as well as part of this negotiation.”
Topic
Harpo Productions
6 facts from 1 episode, in date order. These are what speakers said on the shows, each linked to the moment it was said. They aren't independently verified.
1988
According to the hosts, Oprah Winfrey became the first black woman and only the third woman to own a production studio, after Mary Pickford and Lucille Ball.
“Oprah becomes the first black woman and only the third woman ever to own a production studio.”
1994
According to a Forbes profile cited by the hosts, The Oprah Winfrey Show grossed $196 million in 1994 and Harpo received $100 million of it.
“the show grossed $196 million. Harpo was paid a hundred million of that.”
2000
CBS acquired King World for $2.5 billion, and Harpo made about $100 million from its equity stake in that deal.
“CBS acquires King world for two and a half billion dollars. Oprah and Harpo make a hundred million dollars on that deal, uh, in months.”
2000
Harpo partnered with Hearst to launch O, The Oprah Magazine in 2000, described as the largest and most successful magazine launch in history.
“They partner with Hearst and they launch O magazine becomes the largest, most successful magazine launch in history.”
2012
In 2012 Harpo signed a production deal with Tyler Perry to bring his series to OWN, which the hosts say helped save the network.
“in 2012, they sign a production deal. Harpo does with Tyler Perry to bring over some of his existing TV series”
Episodes