Entertainment Studios, Inc, known as Allen Media Group, is an American media and entertainment company based in Los Angeles.
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13 Facts About Entertainment Studios
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2.
Entertainment Studios was founded in 1993 as CF Entertainment by Byron Allen.
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3.
Entertainment Studios was initially focused on producing low-cost, syndicated non-fiction programming, including interview series and court shows.
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4.
Entertainment Studios launched its eighth cable channel and first ad-supported service, Justice Central.
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5.
In October 2015, Entertainment Studios acquired Freestyle Releasing for an undisclosed amount "said to be sealed for high-eight figures".
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6.
In June 2016, Entertainment Studios acquired TheGrio, a news website focusing on stories of interest to African Americans.
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In September 2018, Entertainment Studios announced that it had arranged $500 million worth of credit facilities through Deutsche Bank Securities, Jefferies Financial Group, Brightwood Capital Advisors and Comerica.
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8.
On May 3,2019, it was announced that, under the subsidiary Diamond Sports Group, Entertainment Studios would be an equity and content partner in Sinclair Broadcast Group's acquisition of Fox Sports Networks.
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9.
On May 6,2019, Entertainment Studios announced that it would expand into television station ownership by acquiring the stations of Bayou City Broadcasting for $165 million, including Evansville, Indiana's WEVV-TV and WEEV-LD, and Lafayette, Louisiana's KADN-TV and KLAF-LD.
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10.
On May 6,2019, Entertainment Studios announced that it would expand into television station ownership by acquiring the stations of Bayou City Broadcasting for $165 million, including Evansville, Indiana's WEVV-TV and WEEV-LD, and Lafayette, Louisiana's KADN-TV and KLAF-LD.
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11.
In 2016, Entertainment Studios began to make major expansions into film distribution; at the Sundance Film Festival, the company made a surprise $20 million bid for The Birth of a Nation, losing to Fox Searchlight.
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12.
In July 2016, Entertainment Studios signed a multi-year home video and on-demand distribution deal with Anchor Bay Entertainment, covering future theatrical releases by the company.
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13.
Entertainment Studios was founded in 2019 to acquire the networks from The Walt Disney Company, which was required to sell the chain as part of its acquisition of 21st Century Fox.
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