by Elan Schoonmaker
11 Penn Plaza
New York, NY 10001
Main Phone #: (212) 324-8500
Profile
AMC Networks is a company with a focus on delivering top quality entertainment to households all around the United States. Through its variety of cable channels IFC, Sundance Channel, WE tv, IFC Films and AMC, AMC Networks is able to reach out to audiences of all shapes and forms. These channels air anything from wedding shows (WE tv), to zombie thrillers (AMC). This network knows what its audience likes to watch. Reaching 95 million households, its no wonder why AMC Networks is home to multiple award winning television shows. AMC Networks is the only network to have won the Emmy for Outstanding Drama series for four consecutive years. [1] Adding to its list of awards, the network also roped in a three straight Golden Globe Awards for Best Television Series Drama.
AMC Network Channel Thumbnails
AMC: is devoted to airing past theatrical releases and original series television shows. AMC is most commonly known for its big three shows; Breaking Bad, Mad Men and The Walking Dead.
Sundance Channel: known for airing independent films, world cinema, documentaries, short films and original programming.
WE tv: is a tv channel targeted at women specifically. This channel is home to famous shows like; Bridezillas, My Fair Wedding and The Golden Girls.
IFC: is a channel that airs movies and tv shows with a certain indie aspect to them. Well known tv shows from this channel are; Maron, Out There, and Portlandia
Brief History
Once known as Rainbow Media Holding, AMC Networks got its start 32 years ago. It only became known as a private business in 2005. AMC Networks has always been somewhat successful, but never as much as it has been now.
Anti Dish Network
AMC Network made an enemy back in 2008 when it decided to sue Dish Network over a channel carriage dispute. Skipping ahead four years, in 2012 Dish decided to change its home channel without any notice. Shortly after AMC was removed entirely from Dish. Dish claimed that it didn’t want to carry AMC anymore due to the channels that came packaged with it, like WE tv and The Sundance Channel. After many years and court sessions, the only thing AMC has to show is its 2.4 billion dollars in damage [2]
Key Figures
Josh Sapan
Josh Sapan, also known as President of AMC Networks has been crucial in the networks rise to stardom [3]. Before Sapan came into play, AMC was just a cable channel that played classic movies all day. Once he came along, he helped turn AMC into a channel that would produce leading entertainment originals such as The Walking Dead. He also helped the network reach out to a wider ranged audience. With the introduction of cable channels like WE tv and Sundance Channel, Sapan helped the network gain the viewership of more women.
Ed Carroll
Ed Carrol began his role of Chief Operating Officer back in 2009. It is no mere coincidence that AMC Networks has seen its greatest increase of viewership since then. He oversaw shows like The Walking Dead, Breaking Bad, and Mad Men [4]. Near the top of his list of accomplishments is his work with The Sundance Channel. After a lot of time and hard work, he was able to expand the reach of the Sundance Channel to both Europe and Asia.
Financials
In the Fourth Quarterly report in 2012, the net Income for AMC Networks was up by 13.9%. Nationally, the network had a 15.9% increase from last year, but internationally net income dropped 8.8% [5]
Operating income for AMC Networks increased 11.1% since 2011. Just like the net income, this was due to national numbers. Nationally there was a 16.8% increase in operating income [5]. The network suffered though with an international loss of $27 million dollars.
AMC Networks Stock
In the long term stock wise, AMC Networks has been seen a sharp increase in value. Exactly one year ago from this date (April 5, 2012), the stock price was $43.53 per stock. Today they are $63.24 a share, which is a 31% increase [10]. If AMC Networks continue at this rate, there will be no limit to its success.
The national business model for the network is the reason why it is profitable today. The international model however keeps losing money. Things need to change internationally if the network plans on continuing its growth.
Recent Activity
February 26, 2013: Sundance Channel will be experiencing a lot of changes over the next few months. This channel as a whole doesn’t reach out to enough viewers. As of now, AMC is the jewel of AMC Networks. That is why starting March 4, all four seasons of Breaking Bad were scheduled to air on Sundance Channel [6]. Also starting April 22 Sundance Channel will air the pilot to its new original series Rectify. This show will follow a man who been discharged of a rape conviction after 19 years. Following its debut, Rectify will also be rerun on AMC to promote the show.
March 1, 2013: AMC Networks announces two major changes in a press release. The first announcement was that AMC will renew the contract it has with Rogers Comm. Rogers Comm. is a leading Canadian communications company. This renewal will deliver HD access to all of AMC’s TV shows [7]. It will also allow customers to access AMC original series on multiple platforms. Whether that means viewing AMC on an Xbox or an Iphone, it is entirely up to the customer.
YEAH!
March 12, 2013: AMC Announces YEAH!, a movie service like Netflix in that it provides movies to customers on a streaming platform. Unlike Netflix, YEAH! provides interactive features to pre-existing movies [8]. If someone wants to watch Pulp Fiction they can watch it with never before seen interviews. They can also get fun facts throughout the film, as well as quiz questions every now and then.
The AMC channel announces its ratings for the following night, March 31. The Walking Dead alone gained the viewership of 12.4 million people [9]. These ratings mark a new record for AMC. The Walking Dead was the most viewed show on TV that night. This came as no surprise to AMC though. Since late September, The Walking Dead remained on top in the ratings, beating shows like American Idol and even The Big Bang Theory. On top of the record ratings with 5.2 million viewers, AMC’s Talking Dead talk show reached a new record as well.
Works Cited
[1] AMC Network “About Us”
[2] AMC Versus Dish Network
[3] Josh Sapan Information
[4] Ed Carroll Information
[5] Quarterly Report
[6] Sundance Channel New Format
[7] Rogers Communications Renewal
[8] Yeah!
[9] The Walking Dead Audience
[10] AMC Networks Stock