AMC Networks Tops 6 Million Streaming Subs, U.S. Ad Sales Drop 6% in Final 2020 Quarter

AMC Networks Tops 6 Million Streaming Subs, U.S. Ad Sales Drop 6% in Final 2020 Quarter
AMC Networks topped 6 million streaming subscribers across its subscription video on demand platforms last December, hitting its projection of reaching more than 4 million by the end of 2020, the company revealed while reporting its fourth-quarter and full-year earnings Friday.

That subscriber growth, which is up 157% from 2019, counts customers across AMC Networks’ AMC+, Acorn TV, Shudder, Sundance Now and Allblk.

Also during Q4 2020, which counts the three months ending Dec. 31, ad sales at AMC Networks’ national networks, dropped 5.5% compared to Q4 of the prior year. That includes ad revenues from AMC, We tv, BBC America, IFC, SundanceTV and AMC Studios.

“The decrease in advertising revenues was primarily related to shifts in the timing of original programming as a result of production delays caused by the pandemic, resulting in lower inventory, partially offset by Cpm increases driven by healthy scatter pricing,” the company said in a statement. Distribution revenue at domestic networks was
See full article at The Wrap »

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