Comedian-turned-entrepreneur Byron Allen is ready for snow and rain and heat and gloom of night.
Allen’s Entertainment Studios Inc. has purchased the Weather Channel for a rumored $300 million, the company announced Thursday.
“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,” Allen said 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.”
The stand-up comedian founded Entertainment Studios in 1993. In 2009, he launched six 24-hour networks: Pets.TV, Comedy.TV, Recipe.TV, Cars.TV, ES.TV and MyDestination.TV. The production company has also released movies including thriller “47 Meters Down, Christian Bale’s “Hostiles” and the Ted Kennedy biopic “Chappaquiddick.”
The Weather Channel, meanwhile, began airing in 1982 and includes shows such as “Hurricane 360” and “So You Think You’d Survive?”
“Snowstorms, rain, mudslides, our lives and our families’ safety depend on this info,” Allen said.
“When a big storm happens, it’s the Super Bowl of weather.”
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