Entertainment Studios

Entertainment Studios acquires The Weather Channel

Byron Allen’s Entertainment Studios has acquired The Weather Channel for US$300 million (€243 million). Allen has acquired the assets of the US cable network, collectively The Weather Group, through his Allen Media firm. The Entertainment Studios chairman and CEO bought the network from The Blackstone Group, Bain Capital and NBCUniversal. The deal hands the cable […]

YouTube launches subscription channels

YouTube has launched a subscription channels pilot for its site and announced 53 initial participant networks that will kick-off the scheme.  The much-rumoured move will see the Google-owned video site experiment with a new way to monetise content on its site – alongside its core ad-based model – and has already secured a number of […]