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.
(Excerpt) Read more in: The Hollywood Reporter