Oprah sells OWN channel to Discovery

[ElectroMan]

https://nypost.com/2020/12/22/oprah-nabs-stake-in-discovery-as-company-takes-95-of-own/

Oprah Winfrey has swapped most of her interest in OWN for a small ownership in Discovery, home of TLC’s trashy hit reality series, “90 Day Fiancé.”

According to an SEC filing Tuesday, Winfrey nabbed a stake worth less than 1 percent of the $35 million-plus Discovery as part of a deal that boosted the company’s holding in OWN.

 

[EBK String]

Own less than 1% of a network named after you.
Decadent veil.

 

[Blankthawtz]

 

[Hey_zeus]

She been a Discovery slave

 

[Easy-E]

She been a Discovery slave

Yea Oprah been capping for a minute

 

[CreepyMcCreeperson]

That network has been struggling for a while. Other than the two major dramas, and anything with Oprah in it, there aren’t major shows. It’s syndicated reruns during the day.

She said John Legend called her, and asked her to take on Underground when it got cancelled. She said that show was too expensive to produce.

 

[Justin Nitsuj]

She sure did pick the right name for her network. Them crackers own her.

 

[@OffHalsted]

These days can't believe what you hear on the street
That nikka said he owned the team, he only owned a seat

 

[Red Shield]

Own less than 1% of a network named after you.
Decadent veil.

 

[Apollo Creed]

 

[Thavoiceofthevoiceless]

That network has been struggling for a while. Other than the two major dramas, and anything with Oprah in it, there aren’t major shows. It’s syndicated reruns during the day.

She said John Legend called her, and asked her to take on Underground when it got cancelled. She said that show was too expensive to produce.

Wasn't that the reason why it got cancelled in the first place?

 

[Sonic Boom of the South]

Discovery is only worth 35 million

 

[El Bombi]

All of that Mammism and she's still a slave to CAC.

 

[CreepyMcCreeperson]

Wasn't that the reason why it got cancelled in the first place?

The network changed owners and they dropped it. It could have been a budget thing. Period shows are expensive, and there are a lot of outdoor shots that are time and weather dependent.

 

[Consigliere]

That network has been struggling for a while. Other than the two major dramas, and anything with Oprah in it, there aren’t major shows. It’s syndicated reruns during the day.

She said John Legend called her, and asked her to take on Underground when it got cancelled. She said that show was too expensive to produce.

This is so key.

Almost anyone can own a network. Can you produce content? Can you keep it exclusive to your platform? Can you get advertising to support it?