An American comedian and television producer, Byron Allen procured the Weather Channel TV organize as he hopes to grow his film and TV creation organization into a noteworthy media business. Byron has acquired the parent company of The Weather Channel TV network “The Weather Group” from The Blackstone Group. According to the information of the source, no dollar figure has been revealed but the purchase price was around $300 million.
Founder, Chairman, & CEO of Entertainment Studios, Byron Allen said, “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.” Further, he said, “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.”
The acquisition includes the famous cable TV network, however not the online resources, for example, the site Weather.com and related portable applications, which were procured by International Business Machines Corp. in January 2016. His company produces TV shows along with films like “47 Meters Down.”
In a previous couple of years, he has additionally developed as an outside the box filmmaker and merchant procuring Freestyle Releasing in 2015. His as of late motion picture victories incorporate 47 Meters Down and Scott Cooper’s Hostiles and his 2018 pics by means of Entertainment Studios Motion Pictures incorporate Toronto Film Festival purchase Chappaquiddick and Replicas.