Ben Gilbert: belief

Transcript context

…On that note, what’s interesting with what Harpo, Oprah, with OWN, and with the Discovery deal done since ending the show is I actually think it’s a lot more viable that the value of Harpo continues without Oprah being actively involved now than that would have been 10 years ago. Let’s just look at OWN—the network—it’s not really just Oprah’s properties there driving that anymore, it’s Tyler Perry’s properties that are driving it. Like I said, it’s probably the biggest one. I was going to say O the magazine and there’s more in that. I haven’t spent enough time with O the magazine to know how much of it is Oprah these days versus other stuff. Like The Oprah Winfrey Show. It has good circulation for a magazine, but it’s de minimis, relative to modern Internet properties. What I’m 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. We’ll get to this in grading. Harpo is worth a crap ton with Oprah and I think a lot, lot, lot less without her. Yup. Interestingly though, I was also going to say cornered resource. In the older era of The Oprah Winfrey Show and the early days of Harpo, it was two cornered resources, it was Oprah, but it was also the syndicated distribution deals that were a cornered resource because it’s not like there could have been another Oprah out there. There probably were other people who are just as talented as Oprah, but unlike today where anybody can turn a selfie camera on, back then, it was such a barrier to entry to have those distribution deals in place that nobody could [...].…

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