ALLEN
Byron

• 1. Professional career

Byron Allen Folks is an American businessman, television producer, and comedian. He is the founder of the U.S. media company Entertainment Studios, which has interests in television production, broadcasting, film production, and digital media.

Born in Detroit and later moving to Los Angeles, he initially pursued a career in stand-up comedy. After an appearance on The Tonight Show, Allen began to expand into television work, including becoming a host for NBC's Real People. In 1993, Allen established what would later become known as Entertainment Studios.

Professional career

Comedian Jimmie Walker saw Allen's stand-up act and invited the 14-year-old comedian to join his comedy writing team alongside promising young comedians Jay Leno and David Letterman. In 1979 at the age of 18, Allen made his television debut on The Tonight Show Starring Johnny Carson, becoming the youngest comedian to ever perform on the show; he used the appearance to learn more about the television industry.

Following his appearance on The Tonight Show, NBC cast Allen as a reporter for its series Real People—his first role on a network prime time program. Allen co-wrote and co-starred in the 1988 CBS television film Case Closed, hosted the syndicated late-night talk show The Byron Allen Show from 1989 to 1992, and toured as an opening act for musicians such as Dolly Parton, Gladys Knight, Lionel Richie, and The Pointer Sisters.

In 1993, Allen established a production company known as CF Entertainment, which would be devoted to producing low-cost non-fiction television programming; its first program would be the syndicated talk show Entertainers with Byron Allen, which featured interviews between Allen and celebrities. The interviews were filmed at hotel press junkets for upcoming films, allowing him to produce the show at a relatively low cost by leveraging equipment set up by the studio for use by the media. Allen distributed the program under a bartered model, in which it would be offered to stations at no cost, with revenue sharing on advertising sales. The business model was not initially successful, resulting in Allen's home facing multiple foreclosures, and at one point losing telephone service—requiring him to conduct business via a payphone.

The company was renamed Entertainment Studios in 2003. In 2012, Allen began forays into scripted programming with the sitcoms The First Family and Mr. Box Office. Later in the decade, Entertainment Studios began to pursue various acquisitions, including film distributor Freestyle Releasing, TheGrio, The Weather Channel, an equity stake in Sinclair Broadcast Group's acquisition of the Fox Sports Networks, and broadcast television stations. By October 2022, the company was valued at over $4.5 billion.

In February 2022, Allen made a bid to buy the Denver Broncos of the National Football League. Allen was ultimately outbid by a group led by S. Robson Walton.