AMC Networks said streaming subscribers jumped 46 to 10.8 million in the June quarter, up from 7.4 million, driven in part by the AMC+ premium streaming bundle launch in Spain. The company said it’s on track to achieve long-term subscriber goal of 20 million to 25 million streaming subscribers by 2025.
Streaming revenue was up 20. The portfolio spans AMC+, Acorn TV, Shudder, Sundance Now, Allblk and anime-focused Hidive.
The parent of AMC, BBC America (Jv with BBC Studios), IFC, SundanceTV, We tv, IFC Films and AMC Studios said total revenues fell 4 to 738 million. Of that, advertising sales were down 5 to 202 million due to lower linear ratings, partially offset by higher year-over-year AMC Originals impressions, pricing, and digital growth.
Streaming growth beat expectations, but revenue was a miss, with the stock trending lower in pre-market trading.
Net income of 83.4 million was up sharply from 35.4 million as the prior-year quarter was hit by impairment charges of 143 million...
Streaming revenue was up 20. The portfolio spans AMC+, Acorn TV, Shudder, Sundance Now, Allblk and anime-focused Hidive.
The parent of AMC, BBC America (Jv with BBC Studios), IFC, SundanceTV, We tv, IFC Films and AMC Studios said total revenues fell 4 to 738 million. Of that, advertising sales were down 5 to 202 million due to lower linear ratings, partially offset by higher year-over-year AMC Originals impressions, pricing, and digital growth.
Streaming growth beat expectations, but revenue was a miss, with the stock trending lower in pre-market trading.
Net income of 83.4 million was up sharply from 35.4 million as the prior-year quarter was hit by impairment charges of 143 million...
- 8/5/2022
- by Jill Goldsmith
- Deadline Film + TV
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