Oprah Winfrey Sells Harpo Studios for $32 million

After no less than 25 years, Oprah Winfrey decided that it was time to sell the Harpo Studios. The famous television show host received $32 million from the developer who purchased them.

The studio employs 200 people, who should rest assured that nothing will happen for about 2 years. This means that production work will continue on this property for this period of time. The studio is not the only thing that Oprah is selling now. The star is also trying to sell her Chicago apartment, which reportedly costs $7.75 million. 

Probably the star is not planning on coming to Chicago in the near future. “We have entered into a purchasing agreement with Sterling Bay for the four-building Harpo Studios campus in Chicago’s West Loop,” a statement for Harpo indicated. The same statement given to the Crain’s Chicago Business revealed that the deal will most likely close in 30 days. 

“We expect the transaction to be closed in 30 days. The property will be leased back to Harpo for two years and the studio will continue to produce programming for OWN.”

This is the famous studio that Oprah used to film her highly popular Oprah Winfrey Show. The show was filmed here for 21 years, between 1990 and 2011. Oprah was the one who took the decision to end the show, as the star launched her own television, the Oprah Winfrey Network. 

Oprah Winfrey first came to Chicago in 1984, when she began working at WLS TV for its morning talk show. As the show soon became number one on the market, it was renamed to Oprah Winfrey Show. It has been said that the popularity that it reached was all thanks to the talented and successful television show host. 

Reports reveal that Oprah first took the decision to leave Chicago in October and now the host is taking the first steps to putting this plan into practice. Since the Oprah Winfrey show ended till now, the studio in Chicago has been used to produce content for the Oprah Winfrey Network. It is unclear for now what will happen to the studio following this purchase. 

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