Byron Allen'S Bold Media Moves: From Buzzfeed To Starz Ambitions

Byron Allen's Latest Ventures

Byron Allen, the media powerhouse, has been making waves with his audacious moves in the industry. Known for his strategic acquisitions, Allen recently snagged a majority stake in BuzzFeed for a cool $20 million upfront, with an additional $100 million due in five years. But his ambitions don't stop there – he's now setting his sights on Starz.

“He and I have been texting quite a bit," Allen said of Stephen Colbert. "He’s just a really good human being, he’s very talented, he’s an American treasure and I really enjoy our interactions.”

In addition to his BuzzFeed deal, Allen has expressed a keen interest in taking over Starz. He recently bought an 11% stake from Steve Mnuchin for $25 million, making him the second-largest stockholder. Despite the "poison pill" strategy adopted by Starz to discourage hostile takeovers, Allen remains undeterred, stating, "I do plan on controlling Starz."