AMC Networks
{{short description|American entertainment company}}
{{About|the entertainment company|the American movie theater chain that also uses "AMC"|AMC Theatres|its flagship channel|AMC (TV channel)}}
{{Use mdy dates|date=April 2018}}
{{Infobox company
| name = AMC Networks Inc.
| logo = File:AMC Networks 2021 logo.svg
| former_name =
| type = Public
| traded_as = {{Plainlist|class=nowrap|
- {{NASDAQ|AMCX}} (Class A)
}}
| industry = {{Ubl|Media|Entertainment}}
| predecessor = Rainbow Media Holdings, LLC (1980–2011)
| founded = {{ubl|{{Start date and age|2011|07|01}}}}
| defunct =
| successor =
| hq_location = New York City, New York, U.S.
| area_served = Worldwide
| key_people = {{Plainlist|
- James L. Dolan (non-executive chairman)
- Kristin Dolan (CEO){{cite web |last1=Rizzo |first1=Lillian |title=AMC Networks names a new CEO: Kristin Dolan, spouse of chairman James Dolan |url=https://www.cnbc.com/2023/02/15/amc-networks-kristin-dolan-ceo-james-dolan.html |website=CNBC |date=February 15, 2023 |language=en}}
}}
| products = {{Plainlist|
- Streaming services
- Cable channels
- Production studio
- Independent film distribution
}}
| revenue = {{decrease}} {{US$|2.42 billion|link=yes}} (2024)
| operating_income = {{decrease}} {{US$|-40 million}} (2024)
| net_income = {{decrease}} {{US$|-227 million}} (2024)
| assets = {{decrease}} {{US$|4.36 billion}} (2024)
| equity = {{decrease}} {{US$|856 million}} (2024)
| num_employees = 1,800 (2024)
| parent =
| brands = {{Flatlist|
- Acorn DVD
- Acorn TV
- ALLBLK
- AMC
- AMC Networks International
- AMC+
- BBC America
- Hidive
- IFC
- IFC Films Unlimited
- Independent Film Company
- Philo (25%)
- RLJE Films
- Sentai Filmworks
- Sentai Studios
- Shudder
- Sundance Now
- Sundance TV
- We TV
- We TV+
}}
| divisions = AMC Networks International
| subsid = {{ubl|Hidive|Independent Film Company|RLJE Films (83%)|Sentai Filmworks}}
| website = {{URL|amcnetworks.com}}
}}
AMC Networks Inc. is an American mass media and entertainment corporation headquartered in 11 Penn Plaza, New York City.{{Cite web|date=2020-08-26|title=Here's What Tenants Are Paying at Vornado's 11 Penn Plaza|url=https://therealdeal.com/2020/08/26/heres-what-tenants-are-paying-at-vornados-11-penn-plaza/|access-date=2021-04-06|website=The Real Deal New York|language=en-US}} The company owns and operates the AMC cable channel, BBC America, IFC, Sundance TV, and We TV. It also owns the art house movie theater IFC Center in New York City; the independent film companies Independent Film Company and RLJE Films, the anime licensor Sentai Filmworks, the premium subscription streaming services AMC+, IFC Films Unlimited, Acorn TV, Allblk, Shudder, Sundance Now, Philo, and Hidive, and a minority interest in the Canadian production studio Shaftesbury Films.
The company operates in Europe and Latin America through its international division, AMC Networks International. AMC Networks also maintains a minority share in the US operations of the British-TV streaming service BritBox, a joint venture between the BBC and ITV plc. The current incarnation of the company, founded as a publicly traded company in July 2011, is the successor to the now defunct Rainbow Media Holdings, LLC (or alternately Rainbow Programming Holdings), which was originally founded in 1980 as a subsidiary of Cablevision (which itself is defunct), and is majority-owned and controlled by the Dolan family.{{cite web|url=https://deadline.com/2012/08/amc-networks-charles-dolan-stock-sal-319245/|title=AMC Networks Reports Big Stock Sale By Charles Dolan|first=David|last=Lieberman|date=August 15, 2012|website=Deadline |access-date=September 22, 2018}}
History
=As Rainbow Media=
Origins of the company go back to 1980 when its predecessor, Rainbow Media, was first founded and was initially a joint venture between the cable television companies Cablevision, Comcast, Cox Communications, and Daniels & Associates, yet its first service, a hybrid service, was launched from partnership was launched later on December 8, 1980, which broadcast nightly on satellite time subleased from the National Christian Network, and consisted of featured culture events from what is now Bravo on Sunday and Monday nights, and adult-oriented B movie network Escapade for the rest of the week.{{cite journal |title=MSO's look for a pot of gold in new Rainbow |journal=Broadcasting Magazine |date=December 15, 1980 |pages=66–68 |url=https://worldradiohistory.com/Archive-BC/BC-1980/1980-12-15-BC.pdf}} Due to the involvement of the four cable companies, the new service quickly gained subscribers. By July 1981, both channels expanded their offerings to seven nights a week.{{cite journal |title=NCTA '81: Hottest Ticket in Mediaville |journal=Broadcasting Magazine |date=June 8, 1981 |page=46 |url=https://worldradiohistory.com/Archive-BC/BC-1981/BC-1981-06-08.pdf |access-date=26 April 2021}} In August 1981, Playboy Enterprises became half-owner of Escapade which introduced a new programming block to the channel in early 1982. By the end of that year the network would relaunch as The Playboy Channel.{{cite journal |title=Cable TV 'skin' competition gets hot |journal=Broadcasting Magazine |date=August 24, 1981 |url=https://worldradiohistory.com/Archive-BC/BC-1981/BC-1981-08-24.pdf |access-date=26 April 2021}}{{Cite news|url=https://www.nytimes.com/1983/03/15/business/playboy-s-hopes-in-cable-tv.html|title=PLAYBOY'S HOPES IN CABLE TV|last=Sandra Salmans|date=March 15, 1983|work=The New York Times|access-date=October 12, 2017|language=en-US|issn=0362-4331}}
In the years that followed, the three other cable companies would exit the partnership, leaving Cablevision as the sole owner of Rainbow by 1983. Cablevision transferred control of its previously launched regional sports network SportsChannel New York to Rainbow. In 1983, three other regional sports networks were acquired: PRISM New England (soon to be relaunched as SportsChannel New England), Philadelphia-based PRISM, and Chicago-based SportsVision.{{cite journal |title=_sl _esso CBS returns to cable programing |journal=Broadcasting Magazine |date=December 3, 1984 |pages=106–107 |url=https://worldradiohistory.com/Archive-BC/BC-1984/BC-1984-12-03.pdf |access-date=27 April 2021}} Playboy also bought out Rainbow's share in The Playboy Channel, although it would continue to market the channel for the next few years.
Rainbow launched what would later be known as American Movie Classics (now known as AMC) in late 1984. Upon AMC's launch the network initially featured "classic" pre-1970 movies. Rainbow and Turner Broadcasting System entered into a dispute after the network launched, and Turner launched a competitor to AMC known as Turner Classic Movies. Cablevision began packaging AMC and Bravo together as the Rainbow Service. Near the end of 1984, CBS and Cablevision announced a deal to have CBS take 50% ownership in the Rainbow Service and Rainbow's marketing. The agreement also gave CBS partial ownership in the regional sports properties which had already become a joint venture with The Washington Post (the Post did not have ownership in Bravo or AMC). In 1986, Tele-Communications Inc. purchased a stake in AMC. Through this deal, the network which had 300,000 subscribers was able to greatly expand carriage to most of TCI's 3.9 million subscribers.{{cite journal |title=TCI raises programing interests, buys into AMC |date=March 24, 1986 |page=41 |url=https://worldradiohistory.com/hd2/IDX-Business/Magazines/Archive-BC-IDX/86-OCR/BC-1986-03-24-OCR-Page-0041.pdf#search=%22rainbow%20programing%22 |access-date=27 April 2021}} Long Island cable news service News 12 was also launched in 1986.
CBS and Cablevision parted ways in 1987. In 1988, Rainbow's SportsChannel would make its largest programing deal, gaining national television rights for the National Hockey League.{{cite news |last1=Chad |first1=Norman |title=NHL AND SPORTSCHANNEL MORE IS LESS |url=https://www.washingtonpost.com/archive/sports/1988/11/26/nhl-and-sportschannel-more-is-less/f82b8589-b0e8-47fb-919f-832aca20dc7b/ |access-date=25 April 2021 |newspaper=The Washington Post |date=26 November 1988}} Cablevision gained a new partner that year, National Broadcasting Company, Inc. (then a subsidiary of General Electric), which obtained 50% ownership in Rainbow.{{cite news|last=Fabrikant|first=Geraldine|title=The Media Business; NBC and Cablevision Plan Joint Programming Venture|url=https://www.nytimes.com/1988/12/23/business/the-media-business-nbc-and-cablevision-plan-joint-programming-venture.html|work=The New York Times|date=December 23, 1988}} Through this partnership, five additional regional sports networks were created in the Bay Area, Cincinnati, Cleveland, Philadelphia, and Los Angeles. The partnership also produced the Olympics Triplecast, a pay-per-view service providing additional coverage of the 1992 Summer Olympics.
1994 saw the launch of an American feed of the Canadian music channel MuchMusic USA, in partnership with CHUM Limited (who would launch a Canadian version of Bravo the year after), and the Independent Film Channel.{{cite journal |title=Curtain going up on Independent Film Channel |journal=Broadcasting Magazine |date=May 8, 1994 |page=13 |url=https://worldradiohistory.com/hd2/IDX-Business/Magazines/Archive-BC-IDX/94-OCR/BC-1994-05-09-Page-0015.pdf |access-date=27 April 2021}} Years later would CHUM sell their stake to Rainbow in 2000 and revoked their license for the MuchMusic name, which culminated into a rebrand as Fuse in 2003. Fuse became a part of MSG Media in 2010, and has since been spun off as Fuse Media.
In 1997, Romance Classics, which is now We TV, a channel that had been in planning for over five years and had its launch date pushed back multiple times, was finally launched. But Rainbow's largest venture that year was the merger of SportsChannel into Fox Sports Net. Rainbow retained varying ownership interests in all of the former SportsChannel networks except PRISM and SportsChannel Philadelphia, which were both shut down to make way for the first Comcast SportsNet. Over the next decade, all of these networks except SportsChannel NY (then Fox Sports New York) were gradually sold off. Fox Sports New York was then transferred to the MSG Media division and rebranded MSG+.{{Cite web|url=https://www.sec.gov/Archives/edgar/data/1469372/000095012310001448/y78599a6exv99w1.htm|title=exv99w1|website=www.sec.gov|access-date=2019-02-07}}
Rainbow ran the local-minded MSG Metro Channels which launched in 1998, before folding them in late 2005.{{Citation needed|date=October 2017}}
Through a series of transactions, beginning in 1997, NBC's stake was eventually reduced.{{cite journal |title=NBC consolidates its Rainbow stake |journal=Broadcasting Magazine |date=April 7, 1997 |pages=86–87 |url=https://worldradiohistory.com/Archive-BC/BC-1997/BC-1997-04-07.pdf |access-date=27 April 2021}} In 2002, Cablevision sold its share of Bravo to NBC and as part of the deal, NBC gave up its then 20% share in Rainbow.
2003 saw Rainbow DBS Company launch a DBS satellite service, the HDTV-oriented Voom. The service ceased operations on April 30, 2005, and instead several of Voom's HD channels were launched on Dish Network and Cablevision, now bannered as Voom HD Networks. The networks were discontinued in 2009.
In 2005, Cablevision considered spinning off Rainbow Media as a publicly traded company, and making their core cable business private, but withdrew the plan. In 2006, a new plan emerged to privatize all of Cablevision, including Rainbow Media. In January 2007, with no word on if the privatization would go through, Liberty Media expressed interest in acquiring Rainbow Media from Cablevision.{{Cite news|url=https://www.reuters.com/article/idUSN1847325520070118|title=CORRECTED - Cablevision shares rise on speculation of unit sale|date=2007-01-18|work=Reuters|access-date=2019-02-07|language=en}}
In June 2008, Rainbow acquired the Sundance Channel from NBCUniversal, CBS, and Robert Redford.{{cite news |last1=Stelter |first1=Brian |title=Cablevision Buys Sundance |url=https://www.nytimes.com/2008/06/18/arts/18arts-CABLEVISIONB_BRF.html |access-date=28 April 2021 |work=The New York Times |date=June 18, 2008}} Rainbow Media also owned Wedding Central which was shut down the same day AMC Networks went public.{{cite news|last1=Umstead|first1=Thomas|title=AMC Networks Divorces Wedding Central|url=http://www.multichannel.com/article/470699-AMC_Networks_Divorces_Wedding_Central.php|access-date=October 24, 2014|date=July 8, 2011 |archive-url=https://web.archive.org/web/20131030173259/http://www.multichannel.com/content/amc-networks-divorces-wedding-central|work=Multichannel News|archive-date=October 30, 2013}}
=As AMC Networks=
==2011–2020==
On March 10, 2011, Rainbow Media's parent company, Cablevision, as approved by its board on December 16, 2010, announced that it would be spinning off all of Rainbow Media's assets into a new publicly traded company now known today as AMC Networks, which would replace and become the successor to Rainbow Media later in 2011, and, as said in 2005, making their core cable business private. Rainbow Media's former President Josh Sapan serves as the president and chief executive of the newly established AMC Networks{{cite news|last1=James|first1=Meg|title=Cablevision moves forward with spinoff of AMC Networks|url=http://latimesblogs.latimes.com/entertainmentnewsbuzz/2011/03/cablevision-moves-forward-with-spin-off-of-amc-networks.html|access-date=October 24, 2014|work=Los Angeles Times|date=March 10, 2011}} which went public on July 1, 2011.{{cite news|last1=Lieberman|first1=David|title=AMC Networks Goes Public With Hot Shows, And Analysts Looking for a Sale|url=https://deadline.com/2011/06/amc-networks-goes-public-with-hot-shows-and-analysts-looking-for-a-sale-144751/|access-date=October 24, 2014|website=Deadline Hollywood|date=June 30, 2011}}
On May 4, 2012, Dish Network announced that it would no longer carry the AMC Networks family of cable channels upon the expiration of the satellite provider's distribution agreement with the company at the end of June 2012, citing that AMC Networks charged an excessive amount in retransmission consent payments from the service for their carriage and low audience viewership for the channels.{{cite news|url=https://www.reuters.com/article/amc-dish-idUSL1E8G4C0B20120504|title=Corrected: DISH subscribers could lose 'Mad Men' in dispute|last1=Baker|first1=Liana B.|last2=Adegoke|first2=Yinka|date=May 4, 2012|work=Reuters|access-date=May 4, 2012}}
AMC Networks responded to Dish Network's announcement of its pending removal of the channels as being related to a 2008 breach of contract lawsuit against Dish Network by the company's former Voom HD Networks subsidiary (under the company's previous Rainbow Media Holdings brand) (which awaited trial in the New York State Supreme Court), in which it sought more than $2.5 billion in damages against Dish Network for improperly terminating its carriage contract; Voom's high-definition channels were carried on the provider from May 1, 2005, until May 12, 2008, when Dish removed ten of Voom's fifteen channels from its lineup and the five remaining channels the following day. Dish Network stated that the lawsuit was unrelated to the decision to remove the AMC Networks channels and that it ended the carriage agreement on its own terms.
On May 20, 2012, Dish Network removed Sundance Channel from its channel lineup. Two weeks later on June 4, 2012, Dish relocated AMC, WEtv, and IFC to higher channel positions with AMC being split into two separate standard definition and high definition channel feeds (AMC moved from channel 130 to channel 9609 for the SD feed and 9610 for the HD feed, WEtv moved from channel 128 to channel 9608 and IFC was moved from channel 393 to channel 9607); the former channel lineup spaces occupied by the three channels were respectively replaced with HDNet, Style and MoviePlex multiplex channel Indieplex. The move is believed to be in response to an ad run during a June 3 airing of an episode of Mad Men urging Dish Network customers to inform the company to keep the three AMC Networks channels on the satellite provider, with Dish Network stating that the relocated channel positions better reflect the channels' ratings.{{cite news|last1=Lieberman|first1=David|title=Dish Network Kicks AMC Networks Channels To Nosebleed Section of the Dial|url=https://deadline.com/2012/06/dish-network-kicks-amc-networks-channels-to-nosebleed-section-of-the-dial-281698/|access-date=October 24, 2014|website=Deadline Hollywood|date=June 4, 2012}}
On July 1, 2012, Dish Network dropped AMC, We TV, and IFC from the channel line-up altogether.
On July 12, 2012, AMC said in an e-mailed statement that it would stream over the Internet the season premiere of Breaking Bad to Dish customers.{{cite web |last=Blessing |first=Kelly |title=AMC to Stream 'Breaking Bad' Premiere to Dish Customers |date=July 12, 2012 |url=http://www.businessweek.com/news/2012-07-12/amc-to-stream-breaking-bad-premiere-to-dish-customers |archive-url=https://web.archive.org/web/20120713180431/http://www.businessweek.com/news/2012-07-12/amc-to-stream-breaking-bad-premiere-to-dish-customers |url-status=dead |archive-date=July 13, 2012 |work=Bloomberg Businessweek |access-date=July 16, 2012}} "Dish subscribers can register online starting July 13 for the show, which airs on July 15. We want to give Dish customers an extra week to switch providers so they can enjoy the rest of the season."{{cite news |last=de Moraes |first=Lisa |title=AMC vs. Dish, Viacom vs. DirecTV: Brawling satellite providers and cable companies take different tactics |url=https://www.washingtonpost.com/blogs/tv-column/post/amc-vs-dish-viacom-vs-directv-brawling-satellite-providers-and-cable-companies-take-different-tactics/2012/07/12/gJQAGnaLgW_blog.html |access-date=July 16, 2012 |newspaper=The Washington Post |date=July 12, 2012}}
On October 21, 2012, AMC Networks announced a settlement was reached between them, Cablevision and Dish in which Dish was forced to pay up to $700 million in damages to Cablevision for damages from removing Voom owned channels off the Dish lineup back in 2008, and in return Dish signed a new agreement to bring the AMC Networks owned channels back on the Dish lineup with AMC returning October 21 and the rest on November 1.{{cite web |url=http://www.amcnetworks.com/press-releases/cablevision-and-amc-networks-announce-settlement-in-voom-hd-litigation-with-dish-network |title=Cablevision and AMC Networks Announce Settlement in VOOM HD Litigation With DISH Network |work=AMC Networks |date=October 21, 2012 |access-date=October 28, 2013}}{{cite web|url=http://about.dish.com/press-release/programming/dish-network-and-voom-reach-settlement |title=DISH Network and Voom Reach Settlement |work=Dish Network |date=October 21, 2012 |access-date=October 28, 2013}}
From 2013 to 2015, the company acquired or joined a joint venture each year. On October 28, 2013, AMC Networks announced it would acquire most of Chellomedia, sans Chello Benelux, an international operator of cable networks, from Liberty Global for around $1.04 billion.{{cite web|last=Chatterjee |first=Soham |url=https://www.reuters.com/article/us-libertyglobal-deal-idUSBRE99R0FT20131028 |title=AMC to buy most of Liberty Global's international content unit |publisher=Reuters |date=October 28, 2013 |access-date=October 28, 2013}} On October 23, 2014, AMC confirmed it had purchased a 49.9% stake in BBC America, with BBC Studios retaining the remaining share of the network.{{cite web|title=AMC Networks and BBC Worldwide Enter Partnership |url=http://www.bbcamerica.com/amc-networks-bbc-worldwide-enter-parnership/ |website=BBC America |access-date=October 24, 2014 |date=October 23, 2014 |url-status = dead|archive-url=https://web.archive.org/web/20141027092843/http://www.bbcamerica.com/amc-networks-bbc-worldwide-enter-parnership/ |archive-date=October 27, 2014 }} In 2015, AMC Networks, along with Upfront Ventures, Daher Capital, Northgate Ventures, invested a round of funding in the Latin YouTube network MiTú.{{cite news|last1=Jarvey|first1=Natalie|title=AMC Invests in Latino YouTube Network MiTu|url=https://www.hollywoodreporter.com/news/amc-invests-latino-youtube-network-769921|access-date=February 4, 2015|work=The Hollywood Reporter|date=February 4, 2015}}{{cite news|last1=Banks|first1=Alicia|title=Latino YouTube Network MiTu Closes $15 Million in Financing, Hires Demand Media Execs|url=https://www.thewrap.com/latino-youtube-network-mitu-closes-15-million-in-financing-hires-demand-media-execs/|access-date=February 4, 2015|work=The Wrap|date=February 4, 2015}}
In 2016, AMC Networks finalized a partnership agreement with former BET founder Robert L. Johnson{{'}}s RLJ Company. According to the agreement, AMC will use its programming and distribution clout to benefit Acorn and UMC. Additionally, the RLJ-AMC partnership will allow for greater investment in content from African-American creatives, Johnson emphasized. The agreement called for AMC to provide RLJ with a $60 million loan on a seven-year term and $5 million on a one-year term. AMC has received warrants to purchase at least 20 million shares or the equivalent of 50.1% of the company. The time frame for exercising those warrants is open-ended, AMC said.{{cite web|url=https://variety.com/2016/tv/news/robert-johnson-amc-networks-josh-sapan-acorn-urban-movie-channel-1201890585/|title=AMC Networks Invests in Robert Johnson's Streaming TV and Film Company|access-date=February 9, 2018|work=Variety|date=October 17, 2016}}
On November 15, 2016, AMC acquired a minority stake in comedy video website and film and television production company Funny or Die, with plans to integrate it with IFC.{{cite web|url=https://variety.com/2016/tv/news/funny-or-die-ifc-amc-networks-investment-1201918491/|title=AMC Networks Takes Minority Stake in Funny or Die, Plans Integrations With IFC|website=Variety|date=November 15, 2016}}
On April 27, 2018, the company, as the owner of IFC, acquired a majority stake in comedy venue operator Levity Live.{{cite web|url=https://www.hollywoodreporter.com/news/amc-networks-buys-majority-stake-comedy-venue-operator-levity-live-1102059|title=AMC Networks Buys Majority Stake in Comedy Venue Operator Levity Live|website=The Hollywood Reporter|date=April 27, 2018}}
On July 30, 2018, AMC Networks reached a definitive agreement to acquire RLJ Entertainment where AMC would pay $59 million for the remaining RLJE shares not owned by AMC or Robert L. Johnson.{{cite web|url=http://www.amcnetworks.com/press-releases/amc-networks-inc-to-acquire-rlj-entertainment-inc/|title=AMC Networks Inc. To Acquire RLJ Entertainment, Inc.|website=AMC Networks|date=July 30, 2018|access-date=November 8, 2018}} The transaction was approved by RLJ Entertainment's stockholders on October 31, and AMC Networks completed the acquisition on November 1.{{cite web|url=http://www.amcnetworks.com/press-releases/amc-networks-inc-completes-acquisition-of-rlj-entertainment-inc/|title=AMC Networks Inc. Completes Acquisition Of RLJ Entertainment, Inc.|website=AMC Networks|date=November 1, 2018|access-date=November 8, 2018}} RLJ Entertainment became a privately owned subsidiary of AMC Networks, with Johnson and his affiliates owning a 17% stake.
In 2019, AMC Networks and the New Zealand public broadcaster TVNZ entered into an agreement to jointly produce The Dead Lands, a Māori–theme supernatural series set in pre-contact New Zealand. The series was distributed by AMC's streaming service Shudder in the US, Canada, UK, and Ireland and by TVNZ On Demand in New Zealand.{{cite magazine |last1=Collis |first1=Clark |title=The newly deceased hunt the living in trailer for Shudder TV's The Dead Lands |url=https://ew.com/tv/2019/12/05/the-dead-lands-trailer-shudder/ |magazine=Entertainment Weekly |access-date=31 December 2019 |date=5 December 2019|archive-url=https://web.archive.org/web/20200302060656/https://ew.com/tv/2019/12/05/the-dead-lands-trailer-shudder/|archive-date=2 March 2020}}{{cite news |last1=Webb-Liddall |first1=Alice |title=How The Dead Lands hopes to change New Zealand television |url=https://thespinoff.co.nz/tv/24-01-2020/how-the-dead-lands-hopes-to-change-new-zealand-television/ |access-date=4 April 2020 |work=The Spinoff |date=24 January 2020|archive-url=https://web.archive.org/web/20200124135826/https://thespinoff.co.nz/tv/24-01-2020/how-the-dead-lands-hopes-to-change-new-zealand-television/|archive-date=24 January 2020}}
==2020–2025==
In early 2020, the AMC Networks involved Switzer Group to lead the redesign of its tenth-floor headquarters at 11 Penn Plaza, New York.{{Cite web|title=Switzer Group leads multi-phase build out for AMC Networks: Redesign and restack its 10-floor corporate headquarters|url=https://nyrej.com/switzer-group-leads-multi-phase-build-out-for-amc-networks-hq|access-date=2021-04-06|website=nyrej.com|language=en}}
On May 13, 2020, AMC Networks announced it was acquiring the rights to Anne Rice's major literary works, including The Vampire Chronicles and Lives of the Mayfair Witches.{{cite web | url=https://www.amcnetworks.com/press-releases/in-a-major-acquisition-amc-networks-announces-it-has-purchased-the-rights-to-the-iconic-works-of-anne-rice/ | title=In a Major Acquisition, Amc Networks Announces It Has Purchased the Rights to the Iconic Works of Anne Rice | date=May 13, 2020 }}
In September 2020, executive chairman Charles Dolan retired from his position, moving to a chairman emeritus role. His son, James L. Dolan, was then named chairman of AMC Networks.{{Cite magazine|url=https://www.billboard.com/articles/business/9449676/msg-ceo-james-dolan-replacing-dad-as-chairman-of-amc-networks|title = MSG CEO James Dolan Replacing Dad as Chairman of AMC Networks| magazine=Billboard }}
On February 2, 2021, AMC Networks entered into a strategic partnership with Canadian production company Shaftesbury Films. AMC made an investment in the company, thus giving them access to the latter's slate and expanding their content and development capabilities in Canada.{{cite web|url=https://variety.com/2021/tv/news/amc-networks-shaftesbury-strategic-partnership-1234898078/|title=AMC Networks, Shaftesbury Forge New Strategic Partnership|website=Variety|date=2 February 2021|access-date=3 February 2020|author=Elaine Low}}
On January 5, 2022, AMC Networks acquired American anime company Sentai Holdings, which includes the distributor Sentai Filmworks, the Anime Network, and the HIDIVE streaming service, which came months after Sony's FUNimation (then a joint venture between its US-based Sony Pictures Television and Sony Music Entertainment Japan's Aniplex units) acquired Crunchyroll from AT&T's WarnerMedia in August 2021.{{cite web|url=https://variety.com/2022/tv/news/amc-networks-made-in-abyss-anime-sentai-hidive-1235147279/|title=AMC Networks Acquires 'Made in Abyss' Distributor Sentai and Anime Streamer HIDIVE|date=January 5, 2022|website=Variety|access-date=January 5, 2022|last=Maas|first=Jennifer}}
On March 1, 2022, AMC Networks announced the launch of its book publishing division, AMC Networks Publishing, and then announced that it would launch several more FAST channels a month later.{{cite web | url=https://www.amcnetworks.com/press-releases/amc-networks-launches-book-publishing-arm-with-four-new-fan-focused-original-titles/ | title=Amc Networks Launches Book Publishing Arm with Four New Fan-Focused, Original Titles | date=March 2022 }}{{Cite web |date=2022-04-06 |title=AMC NETWORKS DEVELOPING SIX NEW FAST CHANNELS, BUILDING ON SUCCESSFUL BASE OF UNIQUE AND COMPELLING CHANNELS DISTRIBUTED ACROSS AN EXPANDING ARRAY OF PLATFORMS |url=https://www.amcnetworks.com/press-releases/amc-networks-developing-six-new-fast-channels-building-on-successful-base-of-unique-and-compelling-channels-distributed-across-an-expanding-array-of-platforms/ |access-date=2024-06-22 |language=en-US}} Throughout late 2022, the company had rapid changes in its leadership until Kristin Dolan was appointed CEO in early 2023.{{Cite web |date=2022-11-29 |title=AMC NETWORKS' CHIEF EXECUTIVE OFFICER CHRISTINA SPADE STEPS DOWN |url=https://www.amcnetworks.com/press-releases/amc-networks-chief-executive-officer-christina-spade-steps-down/ |access-date=2024-06-22 |language=en-US}}{{Cite web |date=2022-12-05 |title=AMC NETWORKS' BOARD OF DIRECTORS APPOINTS JAMES L. DOLAN INTERIM EXECUTIVE CHAIRMAN |url=https://www.amcnetworks.com/press-releases/amc-networks-board-of-directors-appoints-james-l-dolan-interim-executive-chairman/ |access-date=2024-06-22 |language=en-US}}{{Cite web |last=Rizzo |first=Lillian |date=2023-02-15 |title=AMC Networks names a new CEO: Kristin Dolan, spouse of chairman James Dolan |url=https://www.cnbc.com/2023/02/15/amc-networks-kristin-dolan-ceo-james-dolan.html |access-date=2024-06-22 |website=CNBC |language=en}} AMC bought the entirety of BBC America in 2024, although the BBC continues to maintain commercial ties with the channel.
In February 2025, the company reported a $269 million impairment charge on its U.S. cable networks in its fourth-quarter 2024 earnings report, citing a broader decline in their market value. The write-down affected channels including AMC, BBC America, IFC, SundanceTV, WE TV и IFC Films. Domestic streaming revenue increased by 8%, raising the company’s total number of streaming subscribers to 12.4 million. International revenue declined by 14%, while subscription revenue fell by 5%. Adjusted earnings per share were $0.64, with total revenue down nearly 12% year-over-year to $599 million.{{cite news |last=Maas |first=Jennifer |url=https://variety.com/2025/tv/news/amc-networks-269-million-charge-us-cable-channels-streaming-subscribers-1236306948/ |title=AMC Networks Takes $269 Million Balance-Sheet Hit for Drop in U.S. Cable Channel Values as Streaming Subscribers Cross 12 Million |publisher=Variety |lang=en |accessdate=2025-05-16}}
Units
Italic text indicates joint ventures. BritBox is an exception, as AMC only owns part of its American operations while it is a joint venture between the BBC and ITV plc outside the US.
class="wikitable sortable"
|+ !Category !Name |
rowspan="5" |Television Channels
|AMC |
---|
BBC America |
IFC |
Sundance TV |
We TV |
rowspan="10" |Streaming Services
|AMC+ |
Acorn TV |
Allblk |
BritBox |
Philo |
Hidive |
Shudder |
IFC Films Unlimited |
Sundance Now |
We TV+ |
rowspan="6" |Other Units |
Acorn DVD |
RLJE Films |
Sentai Studios |
Sentai Filmworks |
AMC Networks International |
= FAST channels =
{{unreferenced|section|date=April 2024}}
A list of AMC-branded FAST channels available on third-party streaming platforms.
- Allblk Gems
- AMC en Español
- AMC Showcase
- AMC Thriller
- Anime x HIDIVE
- BBC Earth
- BBC Food
- BBC Home & Garden
- BBC Kids
- IFC Films Picks
- IFC Slightly Off
- Stories by AMC
- The Walking Dead Universe
- WE tv All Reality
- WE tv All Weddings
= Other assets =
- MiTú (investment)
- Levity Live (majority stake)
- Shaftesbury Films (minority stake)
- Sentai Filmworks
- AMC Networks Publishing
== AMC Networks International ==
{{Main|AMC Networks International}}
On October 28, 2013, AMC Networks announced it would acquire most of Chellomedia, an international operator of cable networks, from Liberty Global for around $1.04 billion. The acquisition did not include Chello Benelux, owners of Film1 and Sport1. On February 2, 2014, the transaction was completed.{{cite news|last1=The Deadline Team|title=AMC Networks Completes Acquisition of Liberty Global's Chellomedia|url=https://deadline.com/2014/02/amc-networks-completes-acquisition-of-liberty-globals-chellomedia-676038/|access-date=October 24, 2014|website=Deadline Hollywood|date=February 2, 2014}} What was formerly Chellomedia is now known as AMC Networks International and will allow AMC Networks to distribute its programming worldwide.{{cite news|last1=Molloy|first1=Tim|title=AMC Networks Completes Chellomedia Purchase for $1 Billion|url=https://www.thewrap.com/amc-networks-completes-chellomedia-purchase-1-billion/|access-date=December 9, 2014|work=The Wrap|date=February 3, 2014}}
== BBC America joint venture ==
{{Main|BBC America}}
On October 23, 2014, AMC confirmed it had purchased a 49.9% stake in BBC America, with BBC Studios retaining the remaining share of the network. The joint venture will also give AMC, which itself distributes the BBC World News channel in the United States, operational control in BBC America, which will be managed as a stand-alone from AMC's other channels.{{cite news|last1=Lieberman|first1=David|title=AMC Networks Pays $200M For 49.9% Of BBC America|url=https://deadline.com/2014/10/amc-networks-pays-200m-49-9-bbc-america-859244/|access-date=October 24, 2014|website=Deadline Hollywood|date=October 23, 2014}}{{cite news|last1=Steinberg|first1=Brian|title=AMC Networks To Operate BBC America After $200M Investment|url=https://variety.com/2014/tv/news/amc-networks-to-operate-bbc-america-after-200m-investment-1201337652/|access-date=October 24, 2014|work=Variety|date=October 23, 2014}}{{cite news|last1=Szalai|first1=Georg|title=AMC Networks, BBC America Deal Is About Premium Content, Executives Say|url=https://www.hollywoodreporter.com/news/amc-networks-bbc-america-deal-743549|access-date=October 24, 2014|work=The Hollywood Reporter|date=October 23, 2014}} AMC bought out the BBC's 50.01 stake in November 2024, although the BBC still remains connected to the channel.
= Former assets =
- Anime Network
- Bravo acquired by NBC in 2002 for $1.25 billion.Romano, Allison. [http://www.allbusiness.com/marketing-advertising/marketing-advertising/6339541-1.html "NBC Puts Its Stamp on Bravo."] Broadcasting and Cable. February 17, 2003.
- Funny or Die
- MuchMusic USA with CHUM Limited; became Fuse on May 19, 2003; spun off as a part of The Madison Square Garden Company in 2010; spun off as part of spun off further in 2014 as Fuse Media, LLC.{{cite news|last1=Romano|first1=Allison|title=MuchMusic rebrands as Fuse|url=https://www.nexttv.com/news/muchmusic-rebrands-fuse-98641|access-date=April 5, 2021|website=Broadcasting & Cable|date=April 8, 2003}}{{cite web|url=http://www.mynuvotv.com/custom/plugin/node/7/4347/file.pdf|title=NUVOtv PARENT COMPANY SÍTV MEDIA COMPLETES ACQUISITION OF FUSE NETWORK FROM THE MADISON SQUARE GARDEN COMPANY|access-date=2014-01-07|archive-url=https://web.archive.org/web/20140906205009/http://www.mynuvotv.com/custom/plugin/node/7/4347/file.pdf|archive-date=2014-09-06|url-status=dead}}
- News 12 Networks
- Escapade/The Playboy Channel
- SportsChannel (joint-venture, later Fox Sports Networks/Bally Sports/FanDuel Sports Network)
- Voom HD Networks
- Wedding Central shuttered July 1, 2011; programming moved to WE tv, and website redirects to WE tv's weddings section.
References
{{reflist}}
External links
- {{Official website|www.amcnetworks.com}}
- {{Finance links
| symbol = AMCX
| sec_cik = AMCX
| google = Nasdaq:AMCX
| yahoo = AMCX
| bloomberg = AMCX:US
| reuters = AMCX.OQ
| nasdaq = AMCX
}}
{{AMC Networks}}
{{SportsChannel}}
{{VOD services}}
Category:Cable network groups in the United States
Category:Entertainment companies based in New York City
Category:Companies based in Nassau County, New York
Category:American companies established in 2011
Category:Entertainment companies established in 2011
Category:Mass media companies established in 2011
Category:Companies listed on the Nasdaq