As many of you know I am a huge Tyler Perry fan, not only because he keeps so many black actors, producers, etc employed, but he also accounts for half of the black sitcoms in the country. TP is following in Oprah footsteps and looking to launch his own cable network. I personally think this is a great idea! Check out more info on the business venture below.
Lionsgate, the production company behind his Madea movies, will launch a cable channel with Perry, who has already found small-screen success with his TBS comedies including “House of Payne” and “Meet the Browns.”Here’s the breakdown, Lionsgate and Perry are exploring three routes for distribution. One involves rebranding all or part of the TVGuide Network, which is available to about 80 million homes. Lionsgate owns 50% of that channel; One Equity Partners controls the rest.
Lionsgate and Perry could also buy a small cable channel that has a complementary audience — the Gospel Broadcasting Network comes to mind — and move to rebrand and expand it. Another option involves Comcast, which extracted approval from government regulators for its recent takeover of NBC Universal by committing to provide more minority-run programming. SOURCE