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In 2018, Byron Allen’s Entertainment Studios acquired The Weather Channel for $300 million. Since then, he’s continued to dedicate his platform to producing quality content across the globe.
Jan 11, 2024
Anthony Mackie is going home to invest in his community. Nola.com reports the Marvel actor has secured 20 acres of land in New Orleans East to open a studio. Land records confirm Anthony Mackie signed the deal this past Friday, March 11. Although he has not yet confirmed the details of the purchase, it has been reported that the land will become a new site for the actor’s production company, East Studios LLC. “The actor, 43, who trained initially at the New Orleans Center for Creative Arts, said through his agent that it was premature to discuss specifics,” the outlet revealed. However, “several people involved in the months-long negotiation for the land said Mackie intends to site his new production company, East Studios LLC, at the Read Boulevard tract and is looking to buy more space nearby.” The site is projected to be revolutionary for the state’s entertainment industry and will reportedly include the acquisition of intellectual property, development, production, and marketing.
Mar 18, 2022
Byron Allen continues to make boss moves in the media industry with his acquisition of a new ABC affiliate television station, KITV. According to a press release , the Allen Media Group — a division of Allen Media Broadcasting — has announced that it’s signed a purchase agreement for their possession of KITV-ABC 4 from SJL Broadcasting for $30 million. Broadcast television station KITV operates multiple satellite stations and translators which allow rebroadcast programming outside of metropolitan Honolulu. SJL Broadcasting is owned and operated by the Lilly Brothers — Kevin Lilly and Brian Lilly — and is a privately-owned American broadcasting company. “SJL is proud of the commitment of our KITV family to serve the Hawaiian community. Allen Media Group recognizes the investment in news and will build on our success,” CEO Brian Lilly said . In a written statement from Allen, the founder, chairman, and CEO of Allen Media Group, he stated: “Over the past year we’ve invested over $500...
Aug 21, 2020
On the heels of his hard-fought racial discrimination settlement with Comcast, media mogul, Byron Allen has his sights set on a new business venture, which is owning CNN. The Entertainment Studios owner went on record earlier this month revealing his ultimate dream of owning one of the most viewed cable news networks in the U.S., according to Statista. “I’d love to own CNN. But I have to buy AT&T to do that. And I will. Believe me, I think about it every day,” Allen told The Hollywood Reporter. Allen has a master plan brewing that he predicts will be on par with the likes of News Corp. founder, Rupert Murdoch. “I’m close to the same age when Rupert Murdoch came here to America,” he said. “He was in his 50s. I’m 59. What you see today will be 10,000 times bigger.” Those who know Allen, like his longtime friend and chess rival, Eddie Murphy, vouch for his acumen, especially his ability to patiently wait for the opportune time to secure epic business deals. “He’s super patient. He...
Jul 14, 2020
The fight continues for Byron Allen’s lawsuit against media and communications giant, Comcast. On Monday, the Supreme Court dismissed a lower court case that would allow Allen to advance one step further in his $20 billion racial bias lawsuit against the media company, The New York Times reports. Allen, a former comedian turned businessman and entertainment media mogul filed a lawsuit against Comcast in 2015 , after the company refused to carry any channels controlled by Allen’s Entertainment Studios. The grounds of Allen’s suit are based on the Civil Rights Act of 1866, a law that prohibits racial discrimination in business contracts. Despite the legitimacy behind Allen’s claims the nine justices unanimously threw out the ruling. As a result, the case was handed back over to the San Francisco-based Ninth U.S. Circuit Court of Appeal to make the decision on whether Allen’s claims that Comcast’s refusal to carry Entertainment Studios’ channels was solely based on him being Black. The...
Mar 24, 2020