AMC Networks

by Elliott Brannon

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11 Penn Plaza
New York, NY 10001
Phone: (212) 324-8500
Website: http://www.amcnetworks.com

About the Company: [3] [4]

AMC Networks (NASDAQ: AMCX) is an American entertainment company founded in 1980 whose brands include the cable networks AMC, IFC, Sundance Channel, and WE tv. The company also controls IFC Films, a United States distributor of indie film.

In 2012, the company’s revenues increased from $1.188 billion in 2011 to $1.353 billion, a growth of 13.9%. AMC Network’s overall income also increased 11.1%, maturing from $327 million in 2011 to nearly $463 million in 2012. Company stock prices have also increased about 18% since January (as of April 3, 2013).

Brands: [5]

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AMC was first launched in 1984. Since then, the network has gone on to become the only cable network in history to receive the Emmy Award for Outstanding Drama Series four years in a row and the only cable network to win the Golden Globe Award for Best Television Series – Drama for three years in a row. AMC’s popular original series include Mad Men, Breaking Bad, and The Walking Dead.

IFC is the Independent Film Channel and was initially launched in 1994. The channel airs original series such as Onion News Network and Portlandia as well as numerous indie films and other syndicated television shows.

Sundance Channel was founded by Robert Redford in 1996. Its original series include Girls Who Like Boys Who Like Boys and All On The Line.

WE tv is a network targeted at women and was first launched in 1997. Popular original series include Braxton Family Values and Bridezillas.

IFC Films distributes independent films throughout the U.S. This division also controls the feature film production company, IFC Productions.

Key Executives: [1]

Josh Sapan, President & Chief Executive Officer of AMC Networks

Josh Sapan, President & Chief Executive Officer of AMC Networks

  • Charles Dolan Executive Chairman
  • Josh Sapan President & Chief Executive Officer 
  • Charlie CollierPresident & General Manager, AMC
  • Jennifer Caserta Priore President & General Manager, IFC
  • Sarah Barnett Executive Vice President & General Manager, Sundance Channel
  • Kim Martin President & General Manager, WE tv

 

Recent News (January-April 2013):

April 1: The season three finale of AMC‘s The Walking Dead on March 31st delivered 12.4 million viewers total and 8.1 million viewers age 18 to 49 with a 7.4 HH rating, making it the #1 TV program for the week and #1 television show for the overall season amongst adults age 18-49 [6].

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AMC’s new logo and tagline

During the airing of the finale, AMC debuted its brand new logo and tagline, replacing its old tagline, “Story Matters Here,” with “Something More.” Linda Schupack, AMC’s executive vice president of marketing explained that, “AMC: Something More further refines our focus on- and off-air and speaks to our promise to viewers to provide an experience that is unexpected, unconventional and uncompromising” [7].

March 21: AMC released a trailer for its newest original series, Low Winter Sun, a police drama set in Detroit based on a 2006 British miniseries.

The show is being co-produced by AMC Studios and Endemol Studios. Its credits include executive producer Chris Mundy, who has previously worked on CBS’s Criminal Minds [8].

March 13: James Maiella was appointed as the new senior vice president of corporate communications at AMC Networks. Maiella will overlook business and trade relations for all of the companies cable networks as well as IFC Films. He will work alongside the company’s other current senior vice president of corporate communications, Georgia Juvelis [9].

March 12: AMC Networks launched YEAH!, a movie streaming service. Movies are currently available on www.YEAHTV.com, which carries classic films with added bonus features, such as interviews with filmmakers and story notes, only available exclusively through the service. Users must pay $5 to watch a movie and its additional bonus features or can pay $2 to watch a movie without the added content. The service is only available online through a computer for now, but an iPad app is set for release this summer [10].

March 5: Anchor Bay Entertainment and AMC Networks completed a home entertainment distribution deal, giving Anchor Bay the rights to distribute DVD and Blu-ray releases of AMC, IFC, and Sundance original series throughout the United States and Canada. Some specific digital distribution deals are also included in the agreement.

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Sundance’s Rectify and AMC’s Low Winter Sun, which have both not debuted yet, will be the first series distributed under the new deal. Anchor Bay has worked closely with AMC Networks in the past, serving as the home entertainment distributor for AMC’s The Walking Dead [11].

February 25: Sundance Channel and AMC reached an agreement giving Sundance Channel syndication rights to the off network premiere of AMC’s Breaking Bad.

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Breaking Bad’s Walter White

This agreement comes in lieu of the upcoming premiere of Sundance Channel’s first ever scripted series, Rectify, which is produced by the same group behind Breaking Bad [12]. 

Rectify is set to premiere on April 22, 2013 at 10:100pm et/pt [13].

February 21: WE tv greenlighted a new unscripted reality series, Glam & Gold, starring olympic gold medalist Sanya Richards-Ross and two-time Super Bowl champion Aaron Ross. Filming is already underway in Austin and Jacksonville. Glam & Gold joins a host of other WE tv shows starring African-Americans including Mary Tary and Braxton Family Values [17].

February 15IFC Films secured North American rights to the indie neo-noir thriller, The Canyons, starring Lindsay Lohan and James Deen and directed by Paul Schrader. The film will premiere in early summer at a Special Presentation at the Film Society of Lincoln Center in conjunction with a day-and-date release. Schrader’s film will also be simultaneously released on a variety of other digital platforms [18].

February 11: The Walking Dead’s February 10th airing of its season 3B premiere on AMC delivered 12.3 million viewers. With 7.7 million viewers age 18-49, the episode delivered the highest rating for a television series in basic cable history for that demographic.

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The series’ average viewership in season 3 for adults 18-49 was 6.8 million, making it the #1 program of the season amongst that age range [14].

February 5: Joel Stillerman, executive vice president of programming, production, and digital content for AMC, announced a two-year first look deal with Stacey Sher and Michael Shamberg of Double Feature Films. Shamberg and Sher are both two-time Academy Award nominees and have worked on a variety of films together including Django Unchained, Erin Brokovich, and Garden State [15].

January 15: AMC and Fox Television Studios announced a new agreement that will bring AMC’s The Killing back to the network for a third season. The agreement brings Veena Sud back as the series’ executive producer and showrunner and also brings back lead actors Mireille Enos and Joel Kinnaman. Production of the show’s new season began on February 25 in Vancouver [16].

References:

  1. http://www.amcnetworks.com/about_leader
  2. http://www.amcnetworks.com/about_leader_Sapan
  3. http://finance.yahoo.com/q?s=AMCX
  4. http://www.amcnetworks.com/release_release_press.jsp?nodeid=6622
  5. http://www.amcnetworks.com/about_story
  6. http://www.amcnetworks.com/release_release_press.jsp?nodeid=6631
  7. http://www.hollywoodreporter.com/live-feed/amc-rebrands-new-logo-tagline-431997
  8. http://www.freep.com/article/20130321/ENT03/130321105/AMC-Low-Winter-Sun-trailer-Detroit
  9. http://www.deadline.com/2013/03/james-maiella-amc-networks
  10. http://news.cnet.com/8301-1023_3-57573917-93/amc-networks-launches-yeah-movie-streaming-network
  11. http://variety.com/2013/tv/news/amc-anchor-bay-set-homevid-pact-1200003747/
  12. http://www.amcnetworks.com/release_release_press.jsp?nodeid=6623
  13. http://www.amcnetworks.com/release_release_press.jsp?nodeid=6608
  14. http://www.hollywoodreporter.com/live-feed/walking-dead-season-3-premiere-ratings-378945
  15. http://tvbythenumbers.zap2it.com/2013/02/05/amc-and-double-feature-films-lock-first-look-deal/168224/
  16. http://www.amcnetworks.com/release_release_press.jsp?nodeid=6613
  17. http://www.deadline.com/2013/02/we-tv-orders-reality-series-starring-olympic-champion-sanya-richards-ross/
  18. http://www.amcnetworks.com/release_release_press.jsp?nodeid=6619

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