MACRO Acquires Streaming Service ALLBLK
MACRO, the multi-platform entertainment company founded by Charles D. King, today announced its acquisition of ALLBLK, the streaming distribution platform dedicated to Black audiences, from AMC Global Media.
The acquisition marks MACRO’s entry into direct-to-consumer streaming and adds a new dimension to its business that already spans film and television development, production and financing, representation, branding and experiential services. MACRO will invest in ALLBLK’s next phase of growth through new original programming, broader creative collaboration across its studios and network, and a strong focus on audience development and community engagement to deepen the platform’s relationship with its core viewers and strengthen its long-term value.
“At a time of significant disruption and consolidation across the media industry landscape, MACRO sees an opportunity to invest in a focused platform with a clear audience and strengthen it through greater resources, content and creative partnerships. From the beginning, our vision for MACRO has been to create a vertically integrated media company that can support storytellers and audiences across a variety of value chains,” said Charles D. King, Founder & CEO, MACRO. “ALLBLK adds an additional piece to that vision with this opportunity to build upon what has made the platform successful. We’re proud of our longstanding partnership with AMC Global Media and excited to lead ALLBLK into its next chapter.”
“ALLBLK has had a fantastic year, establishing a strong foundation for continued growth under the stewardship of MACRO, a strategic partner in which we've been an investor for nearly a decade,” said Kristin Dolan, CEO, AMC Global Media. “Charles and the entire team at MACRO bring the expertise to further ALLBLK’s strong trajectory. They have a great vision for ALLBLK and I’m particularly pleased that we will continue to be involved as investors and through a new content licensing agreement between our companies that will serve these passionate fans for years to come.”
For current ALLBLK subscribers, the transition will be seamless. The platform will continue to operate independently, with its existing slate and extensive content library moving forward.
The acquisition effort was led by King, MACRO’s Executive Vice President of Strategy & Operations Bobby Singh and Chief Financial Officer Jaime Rigal. Lazard and Lydian Strategy acted as financial advisors to MACRO. Paul Hastings LLP represented MACRO as legal counsel. Hughes Hubbard & Reed LLP represented AMC Global Media as legal counsel.