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Inspired by the BE 100s, comedian-turned-mogul Byron Allen has created a media empire by transforming how audiences consume content. Now with his $300 million acquisition of the weather channel, his entertainment studio is literally taking the industry by storm.
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Ten years ago, when BLACK ENTERPRISE unveiled its annual list of the nation’s top, black industrial/service companies, the number of women-led businesses could be counted on one hand. Fast-forward to...
From media titan Oprah Winfrey to megastar Will Smith, powerful forces in Hollywood are controlling the content that millions across the globe watch in movie theatres, on their laptops, and at home. Not only have they kept audiences riveted to the big and small screens, these members of the entertainment elite have grossed billions for movie studios, television networks, advertisers, distributors, exhibitors, and, of course, themselves.
For the past 15 years, Oprah Winfrey repeatedly told her team that production of her daily talk show was only the beginning. “This is the foundation of greater things to come,†she would tell her managers as she developed a dizzying array of partnerships and spin-offs — a venture with Hearst Magazines to produce her own, self-titled publication; new syndicated television shows with life coach Phil McGraw and leading chef Rachael Ray; made-for-TV movies; a reality TV show, The Big Give, for the ABC television network; theatrical film releases such as Beloved and The Great Debaters; the Broadway musical The Color Purple; a retail outlet; and a lucrative $55 million XM Satellite Radio Inc. deal. In the midst of these accomplishments, her team could only reluctantly imagine more greatness.
