People/Biz

Byron Allen’s Entertainment Studios acquires Weather Channel

Byron Allen’s Entertainment Studios has acquired the Weather Group, parent company to U.S. cable network The Weather Channel. Allen purchased the company through his company, Allen Media, from original owners The ...
March 22, 2018

Byron Allen’s Entertainment Studios has acquired the Weather Group, parent company to U.S. cable network The Weather Channel.

Allen purchased the company through his company, Allen Media, from original owners The Blackstone Group, Bain Capital, and Comcast/NBCUniversal.

A price for the deal was not disclosed, but various media reports have the purchase at somewhere around the US$300 million mark, according to sources.

Unscripted series that have aired on The Weather Channel include SOS: How to Survive; American Super/Natural; Extreme Weather: The Survivors; Highway Thru Hell and Hurricane Hunters.

Networks currently owned by Allen’s company include The Weather Channel, Pets.TV, Comedy.TV, Recipe.TV, Cars.TV, Es.TV, Mydestination.TV, and Justice Central.TV. Entertainment Studios also boasts a library of more than 5,000 hours of owned content across multiple genres, and a theatrical motion picture distribution division, following the 2015 purchase of Freestyle Releasing.

“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 Byron Allen, Founder, chairman, & CEO of Entertainment Studios, in a statement. “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,” he added.

“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.”

About The Author
Selina Chignall joins the realscreen team as a staff writer. Prior to working with rs, she covered lobbying activity at Hill Times Publishing. She also spent a year covering the Hill as a journalist with iPolitics. Her beat focused on youth, education, democratic reform, innovation and infrastructure. She holds a Master of Arts in Journalism from Western University and a Honours Bachelor of Arts from the University of Toronto.

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