June 7, 2018
Photo by Noel Vasquez/Getty Images
Byron Allen, the comedian turned entrepreneur, made headlines everywhere when he was announced as the new owner of The Weather Channel three months ago. Allen’s company, Entertainment Studios, reached a $300 million deal to acquire the infamous channel l from Blackstone Group, Bain Capital and Comcast-NBCUniversal.
For the last 25 years, Byron Allen's Entertainment Studios has built business lines that have reached hundreds of millions of viewers and consumers. Acquiring @weatherchannel is the first step in broadening our Entertainment Studios business base! https://t.co/dn5qgwH4Jp
— EntertainmentStudios (@ESdotTV) March 22, 2018
This morning, while at the Black Enterprise Entrepreneurs Summit, Allen opened up in detail about his decision to add The Weather Channel to his growing empire.
Byron Allen on why he bought the weather channel. "I don't want to play in the negro league, I want to play in the global leagues." #BEintheQC pic.twitter.com/TZ9ZcyQfx8
— Black Enterprise (@blackenterprise) June 7, 2018
He continued to drop gems during the fireside chat, including this one.
Byron Allen is off the chain. pic.twitter.com/MLiwq2Ekru
— U-Save Solar (@USaveSolar1) June 7, 2018
Entertainment Studios was founded 25 years ago and has since built it into the empire it is today, that not only operates eight cable TV channels (including Pets.TV, Comedy.TV, Recipe.TV, Cars.TV, ES.TV, MyDestination.TV and JusticeCentral.TV), but also has released independent films.
Allen joins the list of black entrepreneurs making major moves this year including JAY-Z and Sean ‘Diddy’ Combs who are currently working on an app together to highlight black businesses! Also on that list is FAMU graduate, Melissa Butler whose lipstick line, The Lip Bar, became the first black-owned vegan brand sold at Target.
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