Oprah gets into the restaurant biz

Oprah announced Wednesday that she made an equity investment into healthy restaurant chain True Food Kitchen. The former talk show host will join the company’s board and act as a consultant. The Phoenix-based chain has 23 locations in 10 states and expects to double its business over the next three years because of the cash injection, according to the report.

Oprah Winfrey
From Wikipedia, the free encyclopedia

Oprah Winfrey (born Orpah Gail Winfrey; January 29, 1954) is an American media proprietor, talk show host, actress, producer, and philanthropist. She is best known for her talk show The Oprah Winfrey Show, which was the highest-rated television program of its kind in history and was nationally syndicated from 1986 to 2011 in Chicago, Illinois. Dubbed the “Queen of All Media”, she was the richest African American of the 20th century and North America’s first multi-billionaire black person, and has been ranked the greatest black philanthropist in American history. At the peak of her popularity she was ranked by some as the most influential woman in the world.

Winfrey was born into poverty in rural Mississippi to a teenage single mother and later raised in an inner-city Milwaukee neighborhood. She has stated that she was molested during her childhood and early teens and became pregnant at 14; her son died in infancy. Sent to live with the man she calls her father, Vernon Winfrey, a barber in Tennessee, she landed a job in radio while still in high school and began co-anchoring the local evening news at the age of 19. Her emotional ad-lib delivery eventually got her transferred to the daytime talk show arena, and after boosting a third-rated local Chicago talk show to first place, she launched her own production company and became internationally syndicated.

Credited with creating a more intimate confessional form of media communication, she is thought to have popularized and revolutionized the tabloid talk show genre pioneered by Phil Donahue, through which, according to a Yale University study, she broke 20th-century taboos and allowed LGBT people to enter the mainstream.

By the mid-1990s, she had reinvented her show with a focus on literature, self-improvement, and spirituality. Though criticized for unleashing a confession culture, promoting controversial self-help ideas, and having an overly emotion-centered approach, she is often praised for overcoming adversity to become a benefactor to others. From 2006 to 2008, her endorsement of Barack Obama, by one estimate, delivered over a million votes in the close 2008 Democratic primary race. In 2013, she was awarded the Presidential Medal of Freedom by President Obama and honorary doctorate degrees from Duke and Harvard.

Netflix is more popular than cable

Netflix is more popular than cable TV and YouTube, according to a survey from financial service company Cowen & Co., reports Variety. The survey, conducted in May, asked which platforms respondents used most often to view video content on TV. 27% of respondents answered Netflix, followed by 20% for basic cable, 18% for broadcast TV and 11% for YouTube. Among those aged 18-34, Netflix scored 40%, followed by YouTube at 17%, basic cable at 12.6% Hulu at 7.6% and broadcast TV at 7.5%.

Netflix
From Wikipedia, the free encyclopedia

Netflix, Inc. is an American over-the-top media services provider, headquartered in Los Gatos, California. Founded in 1997 by Reed Hastings and Marc Randolph in Scotts Valley, California, the company’s primary business is its subscription-based streaming service, which offers online streaming of a library of films and television programs including those produced in-house.

Netflix’s initial business model included DVD sales and rental by mail, although Hastings jettisoned DVD sales about a year after Netflix’s founding to focus on the DVD rental business. In 2007, Netflix expanded its business with the introduction of streaming media, while retaining the DVD and Blu-ray rental service. The company expanded internationally, with streaming made available to Canada in 2010[10] and continued growing its streaming service from there; by January 2016, Netflix services operated in over 190 countries – it is available worldwide except Mainland China, Syria, North Korea and Crimea.

Netflix entered the content-production industry in 2012, debuting its first series, Lilyhammer. It has greatly expanded the production of both film and television series since then, offering “Netflix Original” content through its online library of films and television. Netflix released an estimated 126 original series or films in 2016, more than any other network or cable channel.

As of April 2018, Netflix had 125 million total subscribers worldwide, including 56.71 million in the United States. Their efforts to produce new content, secure the rights for additional content, and diversify through 190 countries has resulted in the company racking up billions in long-term debt: $21.9 billion as of September 2017, up from $16.8 billion from the same time the previous year, although only $6.5 billion of this is long-term debt; the remaining are long-term obligations.

Netflix’s headquarters are located at 121 Albright Way, Los Gatos, California, United States. They also have other offices in the Netherlands, Brazil, India, Japan, and South Korea.