AMC Networks

By Tyler Cunningham
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courtesy of [1] hitstate.com

 

AMC Network Entertainment LLC

11 Penn Plaza – New York, NY 10001 – (646)-273-7105

 

HISTORY + ABOUT:

Upon its launch in 1980, AMC Networks was originally known as Rainbow Media Holdings LLC, a subsidiary of Cablevision.  After 25 years of successful programming and mergers, Cablevision executives took Rainbow Media public on July 1st, 2011 under its new name, AMC Network Entertainment. [2]

Rainbow_Media_Holdings_logo

courtesy of [3] imgl.wikia.nocookie.net

Now in its third year as a publicly traded company, AMC Networks owns and operates some of today’s most popular cable channels including AMC, Sundance TV, WE tv and IFC.  Additionally, the company owns the independent film distributor, IFC Films, as well as the IFC Center cinema in Greenwich Village. [4]  AMC Networks has a commitment to producing only the most distinctive and compelling content that engages many different audiences.

 

KEY EXECUTIVES:

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[5]

Charles F. Dolan – Executive Chairman

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[5]

Joshua W. Sapan – President & CEO

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[5]

Edward A. Carroll – COO

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[5]

Sean E. Sullivan – Executive VP & CFO

 

FINANCIALS AS OF SPRING 2014:

AMC Networks has not yet reported its First Quarter earnings for 2014, however it recently reported its Fourth Quarter & Full-Year Earnings for 2013.

The Fourth Quarter saw a net revenue increase of 18.7% to $435 million, up from $395 million in the company’s Third Quarter report. [6] And what’s more is that 2013 saw an annual net revenue increase of 17.7% to $1.592 billion, up from $1.353 billion in 2012.These increases, according to CEO Joshua Sapan, can be entirely attributed to the company’s “ability to produce content that is valuable and monetizeable.” [7]

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courtesy of [8] nasdaq.com

The company is publicly traded as AMCX on NASDAQ and has seen an especially successful Spring 2014.  As seen in this graph that documents AMCX’s share price since going public in 2011, the price has been at an all-time high since the beginning of 2014, hitting $78.39 per share on March 7th.  This is up from $59.18 on the same day in 2013.

 

RECENT HAPPENINGS:

AMC’s The Walking Dead Continues its Ratings Reign – 

The-Walking-Dead-Season-4-Poster

courtesy of [9] beyondhollywood.com

Even in the face of the XXII Winter Olympics, The Walking Dead‘s mid-season premiere on February 9th still garnered 16 million viewers and maintained its position as the highest-rated program on all of television in the key 18-49 demographic. [10]  The zombie apocalypse drama’s popularity is commonly attributed to its incredibly tense storytelling and excellent character development.  The Walking Dead will return for its fifth season this October.

 

 

Chellomedia is Offically Acquried for $1 Billion

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courtesy of [11] chellomediapaytv.com

After a lengthy courting process, AMC Networks purchased the London-based Chellomedia for $1 billion this spring.  Chellomedia is a European television content distributor that owns and operates a massive collection of channels that reach an estimated 390 million homes across Europe.  AMC Networks reportedly made the acquisition to broaden their European audience. [12]  With net earnings of $465 million in 2013, Chellomedia is expected to now make up 20% of AMC Networks’ earnings. [13]

Final Season of Mad Men Opens to Lackluster Ratings

courtesy of [16] static.squarespace.com

courtesy of [16]

There’s no denying that Mad Men is one of the most critically-acclaimed shows in recent history, but when it comes to ratings, AMC wins some and they lose some.  The seventh and final season of Mad Men premiered on April 13th to just 2.3 million viewers – their lowest premiere rating since the show’s second season in 2008. [14]  Media analysts suspect that recycled, overused plot lines in season six (Don was predictably unfaithful, etc.) are to blame for the loss of public interest. [15]

 

New Drama, Turn, Premieres to Lukewarm Reviews

turn-poster-fullAMC was hoping to add to its collection of hit dramas with the new Revolutionary War espionage thriller, Turn.  However, it is looking unlikely that they will be able to do so.  The series premiere on April 6th opened to a modest 2.1 million viewers (only .5 of them in the 18-49 demographic) and a bag of mixed reviews. [17] While some publications celebrated its arresting cinematography and stellar performances [18], most have labeled the show as “hollow,” with very little suspense or excitement to be found in its storytelling. [19] Turn – Trailer (YouTube)

 

UPCOMING PROJECTS:

Tech Drama, Halt and Catch Fire, to Premiere June 1st – 

With Breaking Bad put to rest and Mad Men not far behind, “the question of ‘what’s next’ looms large for AMC.” [20] And many who attended the SXSW sneak peak of Halt and Catch Fire argue that the new series has what it takes to be the network’s next big smash. [21] The 1980s period drama tells the story of three techies with dreams of creating a more perfect personal computer that has the potential of replacing the most popular IBM model.  The show’s riveting storytelling explores the multiple motives, burned bridges and egos involved in the fight to weaken IBM as the dominant player in the marketplace.  The aptly titled series is slated for a June 1st premiere. Halt and Catch Fire – Trailer (YouTube)

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courtesy of [25] amctv.com

Breaking Bad spinoff, Better Call Saul, to Premiere in November

Diehard Breaking Bad fans were given reason to live again after a spinoff series, Better Call Saul, was announced following the show’s wrap.  The show will center around Bob Odenkirk’s character, Saul Goodman, Albuquerque’s favorite crooked lawyer, and is named after the character’s hopelessly corny business slogan.  The show will not be “Breaking Bad 2.0,” but rather a dive into the smattering of trouble and hilarity that ensues as a result of Saul’s shady business practices. [22] Better Call Saul – Webisode (YouTube)

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courtesy of [26] leviathyn.com

Dark Comic Series, Preacher, to be Adapted for Television – 

After many failed starts with other production companies, the 1990s comic book series, Preacher, will receive its first major television treatment from AMC.  Preacher tells the story of Jesse Custer, a Texas preacher who becomes possessed by a supernatural entity that is half-angel, half-demon, making Custer the most powerful creature on Earth.  Through his possession, he discovers that God has abandoned his responsibilities in Heaven and is now roaming freely on Earth.  A preacher to his core, Custer sets out on a journey to track down God and send him back to his post.  However, there are many demonic forces that will stop at nothing to keep this preacher from reaching God.  The Seth Rogan-produced religious thriller is hoped to bring success similar to that of The Walking Dead. [23]  A release date has not yet been set.

preacher-comic

courtesy of [24] empireonline.com

SOURCES:

[1] – HitState, RT: 4/16/2014

[2] – Deadline, RT: 4/16/2014

[3] – imgl.wikia.nocookie, RT: 4/16/2014

[4] – AMC Networks, RT: 4/16/2014

[5] – AMC Networks – Investors, RT: 4/17/2014

[6] – AMC Networks – Investors, RT: 4/17/2014

[7] – Seeking Alpha, RT: 4/17/2014

[8] – NASDAQ, RT: 4/17/2014

[9] – Beyond Hollywood, RT: 4/17/2014

[10] – Seeking Alpha, RT: 4/18/2014

[11] – Chellomedia, RT: 4/18/2014

[12] – The Hollywood Reporter, RT: 4/18/2014

[13] – Seeking Alpha, RT: 4/18/2014

[14] – E! Online, RT: 4/18/2014

[15] – Indiewire, RT: 4/18/2014

[16] – SquareSpace, RT: 4/18/2014

[17] – Vulture, RT: 4/18/2014

[18] – The Daily Beast, RT: 4/19/2014

[19] – Variety, RT: 4/19/2014

[20] – Forbes, RT: 4/19/2014

[21] – Indiewire, RT: 4/19/2014

[22] – Screenrant, RT: 4/19/2014

[23] – The Hollywood Reporter, RT: 4/19/2014

[24] – Empire, RT: 4/19/2014

[25] – AMC TV, RT: 4/19/2014

[26] – Leviathyn, RT: 4/19/2014

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