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Amc Networks

All articles tagged with #amc networks

businesstech1 year ago

"Understanding the Implications of AMC Networks' $8.3 Million Class Action Lawsuit Settlement"

AMC Networks has settled a class action lawsuit filed by subscribers who claimed their data was improperly shared while using streaming services such as AMC+, Acorn TV, AllBlk, and Sundance Now. Subscribers who used these services between January 18, 2021, and January 10, 2024, may be eligible for a settlement award. AMC will pay $8.3 million to create a settlement fund and will modify its use of tracking technologies to comply with the Video Privacy Protection Act. Subscribers can check their eligibility and submit a claim by April 9, with the potential for a settlement award of less than $1 per subscriber.

via USA TODAY|
#amc-networks#businesstech#class-action-lawsuit
finance1 year ago

AMC Networks Faces Stock Punishment and Subscriber Slump

AMC Networks' stock dropped sharply after a shaky Q4 earnings report, revealing a 23% drop in domestic ad revenue and a 16% decline in affiliate revenue. CEO Kristin Dolan downplayed M&A scenarios, emphasizing the company's focus on efficiency and high-quality content creation while waiting for the industry to stabilize. Despite challenges to its traditional business model, Dolan expressed optimism and highlighted the company's positive relationships with distributors.

via Deadline|
#amc-networks#ceo-kristin-dolan#earnings-report
business2 years ago

AMC Networks Sees Q3 Ad Revenue Drop, But Streaming Subs Show Growth

AMC Networks reported an 18% drop in third-quarter U.S. advertising revenue, but saw growth in streaming subscribers after two quarters of decline. The company lowered its full-year revenue target due to softness in content licensing revenues and a difficult advertising environment. AMC Networks also completed a restructuring plan to achieve cost reductions and launched an ad-supported version of AMC+. The company's CEO highlighted their focus on high-quality programming, strong partnerships, and profitability, and expressed interest in future collaborations with other programmers. Despite the challenges, AMC Networks remains committed to managing the business responsibly and leveraging their core strengths to reach viewers across platforms.

via Hollywood Reporter|
#advertising-revenue#amc-networks#business
entertainment2 years ago

AMC Rescues Disney's 'Nautilus' Series, Sets 2024 Release

AMC Networks has acquired the linear and streaming rights to "Nautilus," a reimagining of Jules Verne's "Twenty Thousand Leagues Under the Sea," in the United States and Canada. Originally set for Disney+, the series tells the origin story of Captain Nemo and his crew as they battle foes and discover magical underwater worlds. The show is planned to air on AMC+ and AMC as a special television event in 2024.

via Hollywood Reporter|
#amc-networks#captain-nemo#entertainment
entertainment2 years ago

AMC Networks Introduces Affordable Ad-Supported Streaming Service

AMC Networks has launched an ad-supported version of its streaming service, AMC+, for $4.99 per month, offering the same programming as its ad-free counterpart. Subscribers can save 20% with an annual subscription. The ad-supported service includes interactive and shoppable ads, and subscribers also have access to other streaming services and linear networks within the AMC+ bundle.

via Variety|
#ad-supported#amc#amc-networks
entertainment2 years ago

AMC Networks Secures SAG-AFTRA Agreements for 'The Walking Dead' Spinoffs and 'Interview With A Vampire' Resumption

AMC Networks has reached agreements with SAG-AFTRA to resume production on The Walking Dead spinoffs Daryl Dixon and The Ones Who Live, as well as Interview with the Vampire. These interim agreements are specific to these shows and not a blanket agreement. The Walking Dead: Daryl Dixon will premiere its first season on September 10, while The Ones Who Live will wrap up the story arcs for Rick Grimes and Michonne. Interview with the Vampire, based on the 1976 novel by Anne Rice, will resume filming its second season in Prague. AMC Networks CEO Kristin Dolan stated that the writers and actors strikes won't threaten the company's programming supply until "well into 2024."

via Deadline|
#amc-networks#entertainment#interview-with-the-vampire
entertainment2 years ago

AMC Networks Secures Production Deals for 'The Walking Dead' Spinoffs and 'Interview With The Vampire'

AMC Networks has reached agreements with SAG-AFTRA to resume production on The Walking Dead spinoffs Daryl Dixon and The Ones Who Live, as well as Interview with the Vampire. These interim agreements are specific to these shows and not a blanket agreement. The Walking Dead: Daryl Dixon will premiere its first season on September 10, while The Ones Who Live will wrap up the story arcs for Rick Grimes and Michonne. Interview with the Vampire, based on the 1976 novel by Anne Rice, will resume filming its second season in Prague.

via Deadline|
#amc-networks#entertainment#interview-with-the-vampire
entertainment2 years ago

AMC Networks and Max Collaborate for Limited-Time Streaming of Popular Shows

AMC Networks and Warner Bros. Discovery have reached a deal to stream over 200 episodes of popular series, including Fear The Walking Dead, A Discovery of Witches, and Killing Eve, on Max (formerly HBO Max) from September 1 to October 31. The shows will be available on both the ad-free and ad-lite Max services at no extra cost and will be part of the AMC+ Picks on Max rail. This collaboration aims to attract more viewers to AMC Networks' shows and potentially increase subscriptions to AMC+. Warner Bros. Discovery CEO David Zaslav believes that bundling streaming services will become important in the future, as it provides a better consumer experience and reduces churn.

via Deadline|
#amc-networks#entertainment#fear-the-walking-dead
business2 years ago

AMC Networks' CEO Promises Broad Content Distribution Despite Streaming Subscriber Losses.

AMC Networks' new CEO Kristin Dolan has outlined her priorities, including optimizing financials and brand impact by making AMC hit content available as widely as possible, while also looking for opportunities for further streaming subscriber growth. Dolan believes in AMC Networks' niche streaming strategy and is focused on efficiency and "operating as one focused company" by breaking down barriers and silos. AMC Networks ended March with 11.5 million streaming subscribers, down from 11.8 million as of the end of 2022.

via Hollywood Reporter|
#amc-networks#business#content-monetization
business2 years ago

Hollywood Braces for Writers Strike Impact on Sci-Fi and Fantasy Projects.

AMC Networks CEO Kristin Dolan said the company is "very well positioned" to manage through the WGA strike, with no real concerns about the writers strike at this point. The company relies on advertising revenue, which dropped 20% due to anticipated linear ratings declines, softness in the advertising market, and fewer original programming episodes. Streaming has been an increasingly important strategic objective for the company, shedding 300,000 subscribers in the quarter, settling at 11.5 million.

via Deadline|
#ad-revenue#amc-networks#business
business2 years ago

AMC Networks' Q1 Results Show Drop in Streaming Subscribers and Ad Revenue.

AMC Networks lost 300,000 subscribers across its streaming services in Q1, falling from 11.8 million at the end of 2022 to 11.5 million by March 31. AMC Networks’ U.S. ad sales fell 20% in the first quarter, but the media company still beat estimates for the quarter, in terms of both revenue and earnings expectations. AMC Networks CEO Kristin Dolan says the company is “well-positioned” with content amid the writers strike. Operating income for Q1 was $173 million, down 0.8%, and net income stood at $103.6 million vs. $104.2 million in the first quarter of 2022.

via Variety|
#ad-sales#amc-networks#business
business2 years ago

AMC Networks Struggles with Streaming Subscriber Loss and Declining Ad Sales in Q1.

AMC Networks reported a drop in streaming subscribers to 11.5 million, down from 11.8 million at the end of 2022, and missed its target of 12 million subscribers. The company's US advertising revenue fell 20% in Q1 2023, following a 12% drop in Q4 2022. AMC's Q1 revenue rose 1% to $717m, while earnings per share declined by 2 cents to $2.36. The company's stock jumped more than 14% in Tuesday pre-market trading. AMC's new CEO, Kristin Dolan, said the company is committed to making its content available across the entire distribution ecosystem.

via Hollywood Reporter|
#advertising#amc-networks#business
entertainment2 years ago

IFC Films President Arianna Bocco Departs, John Vanco Joins Netflix.

Arianna Bocco has stepped down as president of IFC Films, a major force in the world of independent film, and will be replaced on an interim basis by Scott Shooman. IFC, owned by AMC Networks, will conduct a search for a permanent replacement. Bocco oversaw the release of acclaimed films such as "Corsage," "Benedetta," and "Happening" while growing the label's streaming service, IFC Films Unlimited. Bocco had been at the company for more than a decade before becoming president in 2020. Shooman joined IFC in 2022 and was previously an acquisitions executive at CBS Films and Sony Pictures.

via Variety|
#amc-networks#arianna-bocco#entertainment