Allen & Company
Summary
Allen & Company is a boutique investment bank based at 711 Fifth Avenue, New York City.Founded in 1922 by Charles Allen, the firm is generally regarded as the premier investment house in the media and entertainment sector despite having only a small staff (estimated at 170 employees).Allen & Company, which is currently run by Herb Allen, nephew of the founder, generally shies away from publicity and does not maintain a website or issue press releases.In 1973, Allen & Company bought a stake in Columbia Pictures. When the business was sold in 1982 to Coca-Cola, they netted a significant profit. Since then, Herb Allen has had a place on Coke's board of directors.Since its founding in 1982, the Allen & Company Sun Valley Conference regularly draws such heavyweights as Bill Gates, Warren Buffett, Rupert Murdoch, Barry Diller, Michael Eisner, Oprah Winfrey, Robert Johnson, Andy Grove, Richard Parsons, Donald Keough, and many others.
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Washington Post Invests In Education Tech Site
EdSurge, a site that covers the boom in education technology, has raised a $400,000 seed round led by the Washington Post Co. and NewSchools Venture Fund, along with angels like Allen & Co. ’s Nancy Peretsman and Silicon Valley entrepreneur Judy Estrin. Founded in February 2011, EdSurge is run by Elizabeth Corcoran, a veteran technology reporter who worked at Forbes and the Post.
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Facebook gets ready to deliver first earnings report after disastrous start
Social network to release maiden financial results amid calls for Mark Zuckerberg to take lead role in reassuring investors.
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Diller on Aereo Victory: 'We Were on the Side of the Angels'
Broadcasters moved today to file an appeal with the U. S. District Court in New York, which just yesterday handed upstart Aereo its first legal victory. But former broadcast exec Barry Diller, who invested in the service, doesn't seem worried about what could be a long slog in the courts.
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DealBook: Uncertainty Looms Over Annual Gathering
Media moguls, technology titans and deal makers are meeting at the Allen & Company’s annual gathering, following a year of mixed initial public offerings and disruptions in the media industry.
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WWE partners with Tout, joins $13.4m investment round
WWE today announced an investment in and strategic partnership with Tout, a deal that provides better visuals than the rest of the $13. 4 million in series B financing the social video platform announced.
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Video Sharing + Body Slams = Tout
Sure, there are a ton of video-sharing sites and apps. But only one of them is getting an endorsement from the world’s biggest pro wrestling company.
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Start-ups jostle for Sun Valley spotlight
The guest list features Jordan’s king and queen, Italy’s prime minister, three mayors, two governors and the director of the CIA. But technology and media superpowers will be the focus of attention this week as Allen & Co hosts its annual moguls’ retreat in Sun Valley, Idaho.
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Barry Diller Backs Rupert Murdoch as ‘Honorable,’ ‘Morally Fit’
Barry Diller at Allen & Co. 's annual media get-together in Sun Valley, Idaho. Rupert Murdoch was there, too. (Image credit: Getty Images via @daylife).
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Path raises $30m
Path closed a $30m round of Series B funding on Monday, giving the mobile social network a $250m valuation.
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Facebook underwriters to get 1.1 pct fee -source
SAN FRANCISCO (Reuters) - Facebook will pay just a 1. 1 percent fee to underwriters of its initial public offering, according to a source with knowledge of the company's plans, doling out a much slimmer than typical payout.
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