Byron Allen’s Allen Media Group is expanding its media holdings, acquiring the over-the-air broadcast digi-nets This TV and Light TV from MGM.
Terms of the deal were not disclosed.
This TV was launched in 2008 and runs a movie-heavy schedule that includes a mix of B-movie titles and more familiar films such as Mr. Mom, The Terminator, Robocop, Legally Blond 2 & Throw Mama From The Train. It also airs several TV series, including Green Acres and In The Heat Of The Night.
Light TV Network was launched in 2016 with Mark Burnett, chairman of MGM Television, and his wife, Roma Downey, president of MGM’s Lightworkers division. The channel currently airs a mix of family-friendly and faith-based programming, ranging from older movies such as Moby Dick and Oliver Twist to television programs such as Flipper and Are You Smarter Than A 5th Grader?
Under the terms of the agreement, Light TV will be rebranded in March 2021.
This acquisition adds to the Allen Media Group’s growing media portfolio, which also includes The Weather Channel, 16 major network affiliate broadcast television stations, The Grio, a digital video news platform aimed at African-Americans, as well as a number of small linear networks such as Cars.TV, Comedy.TV and others.
"We are going to continue to invest a substantial amount of capital into the programming, marketing, and distribution of these networks. We are strong believers in broadcasting and free-streaming direct-to-consumer platforms," said Allen, founder and CEO of Entertainment Studios/Allen Media Group.
Chris Ottinger, MGM’s President of World Wide Television Distribution & Acquisitions said, "Byron Allen is an innovator and has built a tremendous portfolio of networks within his organization. With a reach of over 81 million households, these networks will be great additions to his Allen Media Group."