Entertainment Studios, founded and chaired by Byron Allen was just named as the new owner of The Weather Channel.
“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,” “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.” Allen revealed in a press release.
The deal involved Allen gaining the channel via his company Allen Media LLC from Comcast Corporation and private-equity firms Blackstone Group LP and Bain Capital for $300 million dollars.
The new deal just comes in time for World Met Day, which aims to highlight the services that national meteorological and hydrological Services serve to all of mankind for the sake of everyone’s well-being.
Entertainment Studios already has 41 television shows, eight 24-hour cable networks, and various film and distribution deals under its belt.
Allen formulated Entertainment Studios in 1993 in his home. Since, he’s opened offices in Chicago, Denver, Raleigh, North Carolina and Los Angeles.
Some of the networks that Allen currently owns are Pets.TV and Comedy.TV.
Meet Allen Onyema; he is the founder of Nigeria’s largest carrier, Air Peace. The Nigerian…
Alicia Keys has reached a new milestone with her musical "Hell's Kitchen" as it has…
Olympic gold medalist Simone Biles decided to commemorate her first wedding anniversary to NFL star…
Authorities in Pennsylvania have arrested and charged a 26-year-old man who was seen allegedly attempting…
British female darts player Deta Hedman withdrew from the Denmark Open over the weekend after…
A New York-based Ghanaian couple accused of fatally beating their 5-year-old son was on May…
Former beauty queen Elizabeth Hunterton, who was abandoned in an airport as a newborn in…
It was an act of goodwill with no intended expectation in mind. Donating his only…
Get to know Ms. Catherine Kuupol, a mineral engineer who has provided metallurgical technical services…
Yves-Ann Comeau, 18, is gaining attention for her recent accomplishment of being accepted into 17…
Lawyers say they are considering a boycott of a court following an incident where up…
Larry Demeritte is the first Caribbean trainer to participate in the Kentucky Derby and the…
She is celebrated globally for her groundbreaking work across the music and movie industry. But,…
The family of an aspiring medical doctor is seeking justice after he was left brain-dead…
Once more, popular 97-year-old activist Opal Lee has received honor; this time, the President of…