including three of thefranchise, has secured investment from Paramount in Antoinette Media. The company has provided a “substantial equity investment” but Browning retains a majority stake.
The deal, which was signed at the end of last year, comes as Paramount is exploring the sale of a majority stake in one of its other diverse businesses, BET, which includes BET, its streaming service and VH1. Tyler Perry and Byron Allen are among those eyeing a move. Before launching Antoinette Media, Browning was Principal of Nola Global Entertainment, which produced series including TLC’s She also worked under Spike Lee on commercials for Nike and Levi’s. She was also Co-Principal of Red Moxie Productions, which produced Spike TV’sBrowning said, “This is an incredibly exciting time for producers, as both the quality and quantity of content continue to climb to new heights.
“Lashan Browning is a trailblazing powerhouse and seminal creator who is an integral part of our success at MTV Entertainment Studios,” added Diaz, President of Content and Chief Creative Officer, Showtime/MTV Entertainment Studios. “I am thrilled that we will continue to make culture-shifting content together – in scripted and unscripted – and elevate and invest in a creative hitmaker whose range and distinct storytelling voice will continue to enrich this industry.