Tuesday, June 14, 2016
Byron Allen's Entertainment Studios Acquires TheGrio.com
Byron Allen, a comedian, television producer, and entrepreneur, who is also the founder of Entertainment Studios, Inc. has announced that his company is the new owner of the New York-based African-American focused digital news platform, TheGrio.
Entertainment Studios is a fully integrated global media production and distribution company with 8 HD networks, dozens of first-run syndicated shows, over 5,000 hours of HD programming, a film distribution company, a podcast network, and more.
What is TheGrio?
TheGrio – which means 'storyteller' in Africa – is a digital video-centric news community platform providing compelling stories and perspectives currently underrepresented in existing national media outlets. TheGrio's editorial mandate is focused on breaking news, opinion, politics, business, entertainment, health, sports, and events that have a unique interest and/or pronounced impact within the African-American community. TheGrio.com generates 3 million unique visitors per month, in addition to reaching a highly-engaged social media audience.
"We are excited to have TheGrio join Byron Allen's ever-expanding Entertainment Studios media empire," says David A. Wilson, Co-Founder and Executive Editor of TheGrio. "Byron shares our vision of growing TheGrio into the leading video content creator and distribution platform for African-Americans. We look forward to developing the next iteration of TheGrio, and the fact that it will remain 100 percent African American-owned is very significant."
"David Wilson and his founding partner Dan Woolsey have done an incredible job these past 7 years building TheGrio, and we are one thousand percent committed to continue expanding this digital news community's reach across all global media platforms, including our broadcast television syndication programs, cable television networks, and motion picture division," said Byron Allen, Founder, Chairman, and CEO of Entertainment Studios.
He added, "We plan on investing heavily in digital publishing, and TheGrio has an excellent management team, making it the perfect asset to start our portfolio of online publishing."
For more details, visit www.es.tv