Next TV Summit L.A.: Byron Allen Still Sees Giant Revenue Opportunities in TV

Tim Hanlon and Byron Allen at the 2022 Next TV Summit L.A.
Tim Hanlon interviews Allen Media Group founder and CEO Byron Allen at the Next TV Summit L.A. (Image credit: Future)

Byron Allen, founder and CEO of Allen Media Group, offered the keynote during the Next TV Summit at the Sofitel in Beverly Hills. Interviewed by Tim Hanlon, founder and CEO of The Vertere Group, Allen spoke about his start in television as a teen, his shift to industry titan, and how he sees the TV landscape today.

The interview was part of Broadcasting + Cable/Multichannel News/NextTV's LA TV Week.

Allen spoke of moving to Los Angeles as a child, his mother talking her way into work at NBC, and getting his start in comedy. Performances as a teen at the Comedy Store led to working on the writing team of Jimmie Walker, star of Good Times, with the likes of David Letterman and Jay Leno.

“I learned how to write jokes and create funny,” he said.

A co-host role on Real People, still in his teen years, followed. “It gave birth to everything you see and know about reality television,” said an ebullient Allen of the NBC unscripted show.

Allen shared how he grew to see the industry as “business show” more than show business in his shift from talent to ownership. “If you learn the business you can do as many shows as you want,” he said.

Still, selling syndicated shows to stations in the early days was a grind. “There were days I didn’t eat,” he said. “There were days they turned off my phone.”

Slowly, stations and advertisers got on board. “Dialing and smiling, smiling and dialing,” is how Allen recalled it.

Allen’s portfolio includes Entertainment Studios, The Weather Channel, TV stations and regional sports networks. He spoke of gobbling up URLs with a .tv suffix years back, including comedy.tv, cars.tv and pets.tv, and still sees the digital landscape as "a huge opportunity."

Allen singled out Local Now, essentially a throw-in in the Weather Channel acquisition, as “one of the greatest gifts ever from the digital gods.” He mentioned investing $100 million of his own capital “to reposition the asset” and make it AVOD, not SVOD.

“It is growing beyond my wildest imagination,” said Allen.

With several decades of television experience under his belt, Allen said the business continues to offer “an enormous untapped space,” with lots of revenue potential for savvy operators. ■

Michael Malone

Michael Malone is content director at B+C and Multichannel News. He joined B+C in 2005 and has covered network programming, including entertainment, news and sports on broadcast, cable and streaming; and local broadcast television, including writing the "Local News Close-Up" market profiles. He also hosted the podcasts "Busted Pilot" and "Series Business." His journalism has also appeared in The New York Times, The L.A. Times, The Boston Globe and New York magazine.

Latest in Programming
Samsung TV Plus
Samsung TV Plus Adds Bravo Reality TV Show Channels
Byron Allen
Byron Allen Gets Fred Dressler Leadership Award at Mirror Awards in NYC
Baby Reindeer
‘Baby Reindeer’ Audience Finally Lives Up to the Series’ 100% Rotten Tomatoes Score — Netflix Weekly Rankings for April 15-21
Arnold & Sly: Rivals, Friends, Icons
Schwarzenegger, Stallone Discuss Rivalry on ‘TMZ Presents’
Gervonta Davis (L) fights Ryan Garcia in an April 23 PPV boxing event
Marquee Events Heat Up Pay-Per-View Boxing Category
Prisoner in Russia: The Brittney Griner Interview
Brittney Griner Sits With Robin Roberts for ‘20/20’ Special
Latest in News
Dish and DirecTV satellite dishes
DirecTV Acquires Dish, Unifying Struggling Satellite Business
B+C Hall of Fame class of 2024
Freeze Frame: B+C Hall of Fame 2024
DirecTV and Dish
Next Text: As DirecTV and Dish Try to Seize the Remains of the Day, Does It Even Matter?
Adam Symson speaks to KNXV Phoenix GM/VP Anita Hecht.
E.W. Scripps Folding Scripps News, Eliminating 200 Jobs; Stock Jumps 15%
Sabrina Ionescu #20 of the New York Liberty handles the ball during the game against the Las Vegas Aces on September 8, 2024
WNBA Playoffs Continue: What’s On This Weekend in TV Sports (Sept. 28-29)
Fubo Multiview
Fubo Launches 'Multiview' Beta on Roku