Allen Media Buys MGM’s This TV And Light TV
Byron Allen’s Allen Media Group has purchased MGM’s over-the-air multicast networks This TV and Light TV. Both networks broadcast 24 hours a day and are available via over-the-air, cable and online for free nationwide. Both networks program a rich mixture of MGM’s film and television content. The purchase price was not disclosed.
Launched in 2008, This TV is programmed with films, and also airs other limited general entertainment content in the form of classic television series.
Launched in 2016, Light TV is a free broadcast network featuring family-friendly movies and series.
“I am happy to announce that Allen Media Group has achieved another critical milestone by successfully acquiring two over-the-air broadcast television networks This TV and Light TV from MGM,” said Byron Allen, founder-chairman-CEO of Entertainment Studios/Allen Media Group. “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.”
Chris Ottinger, MGM’s president of world wide television distribution and 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.”