Harpo Productions Inc

Only available on StudyMode
  • Download(s) : 123
  • Published : June 5, 2011
Open Document
Text Preview
HARPO Productions Inc. is a privately held company and it was founded by Oprah Winfrey and her lawyer Jeff Jacobs in 1986; a production company that used her first name spelled backwards. In 1988, the company took full charge of Winfrey’s show. It also includes HARPO Films and HARPO Radio, Inc. The facilities are on the city’s Near West Side neighborhood of Chicago and with additional offices in Los Angeles. In 1990s, “This Company had annual revenues of about $150 million with the number employees working for this company” (Encyclopedia of Chicago). The HARPO Productions, Inc. operates as a subsidiary of HARPO Entertainment Group. The organization has grown to include over 220 people, of whom 68 percent are women and has a modest turnover of 10 to 15 percent. In 2002, The Oprah Winfrey Show impressed the industry with an average of 7.2 million viewers per episode, beating the second-ranked show by 35 percent. (“Oprah.com”) The HARPO Productions Inc. is the “umbrella company” for the entertainment and media entrepreneur, talk show, host, actress, and producer Oprah. “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.” (“Reference for Business”) The HARPO Productions Inc. is one of the most successful corporation in the entertainment history.

HARPO Productions Inc. has an internship program to help students and young professionals offering a platform in the business world. This will provide the possibility for them to be hired in a future and become successful intern’s students who demonstrate dedication and good learning skills. Oprah is the most interested and committed to concentrate on important topics in order to help others to succeed in life, for example - alcoholism or building family relationships. Throughout the years she has learned how many people suffer with these two big issues, and therefore; she dedicated many of her shows specifically to this topic. Moreover; it helped a lot to increase the power of her show and her popularity in many different ways. The main goal is to help people to feel better in their own lives.

The Chief Executive Officer of the company, Oprah Winfrey started her career in 1973 as a broadcasting reporter on a radio station in Nashville, Tennessee. Later, in January 1984, she began to host WLS-TV' program - a morning talk show in Chicago, which in September 1985 became "The Oprah Winfrey Show". According to Business Network BNET "on September 8, 1986. 'The Oprah Winfrey Show' was televised nationwide. Less than a year later, the program was ranked the top syndicated talk show in the United States.......In June 1987 the show received three Daytime Emmy Awards for Outstanding Host, Outstanding Talk/Service Program, and Outstanding Direction." The "Oprah Winfrey Show" stayed number one day time talk show for 12 years strait and winning twenty five Emmys plus seven that went to Oprah herself. Despite Oprah's difficult childhood, in 1988 she became "the first woman in the history to own and produce her own talk show". (www.fundinguniverse.com) Today, Oprah is an owner and the chair of HARPO Productions Inc; along with HARPO Stu¬dios, HARPO Films, HARPO Print LLC; and HARPO Video, with a total net worth of over $1 billion. Oprah is the Chairman and Chief Executive officer but Erik Logan and Sheri Salata have been named Co-Presidents of HARPO Productions Inc. Both are to continue being presidents with remaining base at HARPO Productions headquarters in Chicago. Tim Bennett was the active president until May of this year and Douglas J. Pattison is the Chief Financial Officer. According to the article “Bloomberg Businessweek” the “Salata and Logan will lead HARPO Productions efforts as the company develops new programming beyond for “The Oprah Winfrey Show” for the syndication, prime, cable, radio, digital, and...
tracking img