Byron Allen is out here making major money moves.

His Entertainment Studios has acquired The Weather Channel for an estimated $300 million.

via THR:

The Weather Channel, which began airing on linear TV in 1982, offers local and national storm updates along with programming series such as American Super/Natural, morning show AMHQ, Highway Thru Hell, Hurricane 360 and So You Think You’d Survive? In 2017, as hurricanes and fires dominated headlines, ratings for the channel rose 14 percent to an average 248,000 primetime viewers.

The TV network had been owned by Blackstone, Bain and NBCU since 2008, when that group had acquired the channel from Landmark Communications for a reported price tag near $3.5 billion. At the time, the channel was one of the most distributed in the U.S.

Notably, Allen’s deal does not include digital assets such as Weather.com, Weather Underground and its Weather Channel app, which were acquired by IBM’s The Weather Company division in January 2016. (The Weather Company web offerings draw a sizable audience, with 117,755,000 U.S. unique visitors, according to comScore’s February 2018 report.)

“The Weather Channel is one of the most trusted and extremely important cable networks, with information vitally important to the safety and protection of our lives,” said Allen. “We welcome The Weather Channel, which has been seen in American households for nearly four decades, to our cable television networks division. The acquisition of The Weather Channel is strategic, as we begin our process of investing billions of dollars over the next five years to acquire some of the best media assets around the world.”

“We are excited to join Entertainment Studios, and we are especially proud to be part of one of the largest emerging global media companies,” said Dave Shull, CEO of The Weather Channel. “Byron Allen’s purchase of our innovative and forward-thinking organization will increase the value we bring to our viewers, distributors and advertisers.”

With the addition of the network, Entertainment Studios will own eight linear television channels focused on lifestyle topics, including pets, recipes and cars. Allen has also been active in the film and television acquisition space, snapping up acclaimed films like Christian Bale’s Western Hostiles and Ted Kennedy biopic Chappaquiddick and planning a sequel to breakout indie shark thriller 47 Meters Down.

Now THAT’s a big acquisition!

 

 

Source www.lovebscott.com 


Tiffany Gaines
Tiffany Gaines

Entertainment Industry Executive, Tiffany Gaines, currently serving as owner and founder of Shared Success Global, has been building a name for herself as a woman of integrity and professionalism for more than a decade. Currently wearing several hats in both the entertainment and hotel industries, she has soon preserved the highest levels of professional and personal ethics by maintaining a long-term stability in providing access to a network spectrum of quality entertainment sources to both sides of the business. With a bachelor’s degree in Political Science with an emphasis on Law and Society, she has proved herself not only as one with intelligence and skill, but also a serious determined business woman and entrepreneur. She currently represents a select few of international clientele in both Japan and China for those seeking to raise or re-position their public profile in the Entertainment Industry. She’s at present the Executive Board of Director for Forever Young Legacy, LTD, as well as the Business Manager for Curtis Young, Son of the Iconic Dr Dre, former drug kingpin, now currently Amazon’s best seller/Author and Emmy Nominated Freeway Rick Ross serving as a Prison Reform Activist, Motivational Speaker and Philanthropist, Billboard charting, national recording artist and designer Christine Storm, National Recording artist Boneface of Rick Ross Music Group and Pomona Drey formerly of Doggy Style Records/Pimp On Entertainment. In addition to management, she is the CEO of LRT Entertainment, Owner and Founder of SS (Shared Success) Music Group/Blasia’s Entertainment LLC (A global online marketing agency/distribution company currently marketing and distributing for close to 4,000 artists worldwideserving as a DBA under Shared Success Global Inc.), Label Manager for Rick Ross Music Group, Chief Operations Officer for VP Churchill Inc., Vice President of the Network “Timeless” as well as the Creative Director & Producer for both Series “Timeless” and “iGobalTV" on Xperienc On-Demand, the streaming Tv Network. Xperienc On Demand has licensing on almost every major streaming app and platform of which shows aired broadcast to over 270 Million household viewers in the US alone (accessible all over the world) on all Samsung, LG and Vizeo smart TVs and smart devices, Apple TV, Amazon Fire TV, Direct to Netflix, AndroidTV, Youtube TV, Chromecast, Smart TV, Roku, Pluto, Opera TV, Google Play, iTunes, Sony Playstation, Xbox and that is only the tip of the iceberg. The platform offers product placement and purchase technology, LIVE pay per view options, as well as global distribution for all musical projects. XOD is the television channel, network and the record company with distribution for both film and music. Gaines is also known as a contributor. endorser and philanthropist who finds favor in serving as the Vice President of the Foundation/Director of Media Relations for the National Prostate Awareness Association founded by the honorable former US Ambassador, Dr James Hall, one of the most accomplished individuals in the world. In addition to her extensive resume, she is also a partner and International Hotel Broker for the National Hotels Association (A global network offering hotels at discounted wholesale rates holding contracts with over 850,000 hotels worldwide) servicing her entire platform of Artists, Producers, CEO’s, Label partners, promoters, booking agencies and corporate companies saving her clients up to 75% off retail prices online. Over the years, she has held many positions of the entertainment industry from both major to independent, vastly moving around this circle on various prestigious and exclusive levels. She’s an advocate speaker for the youth, supporter of charitable non-profit organizations and meaningful causes and above all gives every bit of the credit of her works to the Most-High.

Comments

Leave a Reply

Your email address will not be published.