1:26 AM / Sunday February 25, 2024

23 Mar 2018

Byron Allen buys Weather Channel for $300 million

  • Facebook
  • Twitter
March 23, 2018 Category: Entertainment Posted by:


Media mogul Byron Allen is making major moves in the business world. His company, Entertainment Studios (’s parent corporation), just purchased The Weather Channel for $300 million.

The iconic media brand is the latest acquisition for the expansive and diverse Entertainment Studios portfolio, which includes film production and distribution, 41 television shows, and eight 24-hour HD cable networks.

Allen—who is the founder, chairman, and CEO of Entertainment Studios—noted his enthusiasm about continuing his long track record of business success.

“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 in a press release. “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.”

Weather Channel CEO Dave Shull expressed his excitement about the deal.

“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 Shull. “Byron Allen’s purchase of our innovative and forward-thinking organization will increase the value we bring to our viewers, distributors, and advertisers.”
Decades of Excellence

Allen began Entertainment Studios in 1993 from his dining room table. Over the past 25 years, he has grown the company into a media powerhouse with offices in Los Angeles, New York, Chicago, Denver, and Raleigh.

The company recently scored a victory at the box office with 2017’s Hostiles, a western starring Christian Bale. The indie film soared past industry predictions for opening weekend ticket sales and even bested Oscar-nominated films from large studios.

“It’s nice when your competitors call you and say ‘Wow, we were wrong, you were right,’” Allen told Deadline about Hostiles’ big win. “Although we are independent, we are throwing punches like a major studio.”

  • Facebook
  • Twitter

Leave a Comment

Recent News

Philly NAACP

Philadelphia NAACP News

February 18, 2024

Tweet Email Tweet Email Related Posts Philadelphia NAACP news as of Feb. 2 Philadelphia NAACP Branch News...

Color Of Money

How to give your business an inviting local flair using design

February 17, 2024

Tweet Email BPT Think of local businesses that feel connected to your community. What comes to mind?...


Four tips to live a more heart-healthy lifestyle

February 17, 2024

Tweet Email BPTIn honor of American Heart Month this February, you can make positive changes to your...


Kansas City Chiefs win Super Bowl 2024 

February 12, 2024

Tweet Email The Kansas City Chiefs narrowly beat the San Francisco 49ers, becoming the 2024 Super Bowl champions. The...

Fur Babies Rule!

Bow to Wow! America’s top 10 shelter dog makeovers

February 3, 2024

Tweet Email BPTZen was rescued from a horrendous hoarding case. She arrived at the shelter with mange...


‘Soaring’ over hills or ‘playing’ with puppies, study finds seniors enjoy virtual reality

February 23, 2024

Tweet Email By Terry Spencerassociated press POMPANO BEACH, Fla. — Retired Army Col. Farrell Patrick taught computer...

The Philadelphia Sunday Sun Staff