Bob Johnson’s Newest Venture: Urban Television with an Interactive Twist
by Markus RobinsonFounder of Black Entertainment Television Bob Johnson is using his knowledge of the television industry to create a unique new business model with his latest Urban Television venture. Teaming up with ION Media Networks, Johnson’s new Urban Television venture may reside on ION’s 42 channels. The joint venture has filed an application with the Federal Communications Commission for approval of a share-time license to make the network a reality.
What makes this deal so special is its unique business model. Unlike traditional television which licenses and acquires programs for their respective channels, Johnson’s newest venture would form partnerships with producers, who could buy blocks of airtime and sell their own advertising for a revenue split.
“The intent is to do something really innovative and not duplicate what I did at BET or even the traditional broadcast model,” said Johnson. “I don’t know if it will work, but I’m willing to give it a try.”
Johnson is also eyeing cross-platform possibilities for the venture, which potentially could stretch to the Internet, where his firm RLJ Companies is developing a website, dubbed Point of U, that would have a similar programming focus.
“I like the idea of companioning a broadcast concept with an interactive platform,” he said. “Why do we always have to go back to that old model that says this is how television has to be?”
Category: Digital Media, News, Strategy, web 2.0 | Tags: bob johnson, internet, point of u, television, urban televisonRelated Posts
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