Byron Allen's Allen Media Group Buys Two MGM TV Networks

Byron Allen attends an Oscar viewing and after party - Getty-H 2020
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The media mogul's growing film and TV portfolio now includes the over-the-air broadcasters This TV and Light TV, which reach 81 million households.

Comic-turned-media mogul Byron Allen and his Allen Media Group have acquired MGM's over-the-air broadcast television networks This TV and Light TV.

Terms of the deal were not disclosed, but both TV nets feature a slew of MGM's film and TV titles as they broadcast for free round the clock to around 81 million domestic households via over-the-air, cable and online platforms.

"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," Allen, chairman and CEO of Entertainment Studios and the Allen Media Group, said in a statement.

The This TV network programs mostly films and some classic TV series, while Light TV features family-friendly movies and series.

Both networks will now be added to Allen's stable of TV properties that includes The Weather Channel, Comedy.TV, Justice Central.TV, MyDestination.TV and Pets.TV.

“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," Chris Ottinger, MGM’s president of worldwide television distribution and acquisitions, added in his own statement.