AMC Networks Inc.

Posted on March 25, 2015 by Hsin-Tzu Lin

by Hsin-Tzu (Teresa) Lin

ABOUT AMC NETWORKS INC. :

[1] AMC Networks Inc. Logo

Founded in 1980 (formally known as Rainbow Media Holdings LLC), AMC Networks Inc. [2] is an American Entertainment company currently standing as the one of the leading cable television broadcasters in the United States. AMC Networks owns and operates various popular channels within the cable television realm: AMC, The Independent Film Channel (IFC), Sundance TV, Women’s Entertainment TV (WE tv), and IFC Films [3]. The company also acquired Chellomedia in 2013 and through a joint venture with BBC Worldwide, now operates BBC America as well [3]. With an impressive programming portfolio, the cable network has aired many critical and popular series such as “Breaking Bad”, “Walking Dead”, and “Mad Men”, reaching more than 95 million households across the country [4].

HEADQUARTERS ADDRESS:

11 Penn Plaza,

New York, NY 10001,

United States

EXECUTIVES:

: Charles F. Dolan – Executive Chairman

: Joshua W. Sapan – President and Chief Executive Officer

: Edward A. Carroll – Chief Operating Officer

[5]

FINANCIALS AND STRATEGIES:

AMC Networks Inc. is a publicly traded company with a stock price of $77.27 as of April 16^th 2015 [3]. In its fourth quarter reports of 2014, AMC Networks exceeded expert estimates with the reported $1.15 earnings per share, vastly beating the prediction of $0.99 [6]. Its fourth quarter also showed promising numbers as the company’s revenue increased 40%[7] to $609.44 million [8], and also revealed a 24.3% jump in advertising revenues [7] to $255 million [9]. The company continues to expect the advertising sector to be the “growth driver” of the year. AMC Networks’ First Quarter 2015 report will be released May 4^th [10].

[17] Chellomedia’s Logo

It has been a fruitful and successful season for AMC Networks. With its strategic acquisition of Chellomedia[17] and partnership with BBC Worldwide, AMC Networks has greatly boosted its international revenue by 516% to $110.3 million [11], helping the company exceed estimated Q4 earnings. The company also seeks further development through striking a deal with Dish Network Corporation: to include AMC’s “Walking Dead” and “Mad Men” in Sling TV, its newly launched online video streaming service [12].

SPRING 2015 – THE SEASON OF NEW SERIES SPINOFFS:

AMC has carried numerous programs throughout its 30 years of existence. Amongst its most popular and successful are “Breaking Bad”, “Walking Dead”, and “Mad Men”. The former two of these series have sprung a spinoff off their original plot-lines, in hopes to further continue the series’ monumental success and keep their fan-base after losing “Breaking Bad” after the series has aired [26].

♦Breaking Bad and its spinoff “Better Call Saul”♦

Game changer underdog series “Breaking Bad” has finished its run, ending with 10.3 million viewers and a 5.2 rating within the adults the 18-49 demographic[13]. From its previous season (premiered in 2013), Walter White and Jesse Pinkman have brought in an astonishing 442% increase in viewership within just two years[13]. With this kind of result, AMC released a trial prequel spinoff series “Better Call Saul” earlier this year to extend the popular series further. “Saul” wrapped its first season with amazing results, raking in $2.53 million viewers overall, and very positive reviews (Click here to read why people think “Saul” might just be better than “Breaking Bad”). AMC Networks turned their best assets into best revenue generators, working to increase consumption of their most popular series even after it is gone.

♦“The Walking Dead” and its spinoff “Fear the Walking Dead”♦

One of AMC’s most popular cable television shows, “The Walking Dead”, delivered stellar numbers on its season finale. The Season 5 finale episode drew in an averaged rating of 8.2 within the adults 18-49 demographic[16] (and gathering 15.8 million viewers overall)[14]. This has been the highest rated season of “The Walking Dead” in this television season. Seeing the previous spinoff “Better Call Saul’s” success, “The Walking Dead” creator, Robert Kirkman, green-lighted another series spinoff “Fear the Walking Dead” to air in Summer 2015. The six-episode prequel mini-series[15] has already created significant anticipation within the “The Walking Dead” fan base, keeping the audience in the loop as they wait for Season 6 of “The Walking Dead” premiering in October[15].

: “Breaking Bad” spinoff – “Better Call Saul”

: “The Walking Dead” Prequel – “Fear the Walking Dead”

[18] [19]

This tactic of releasing spinoffs in order to maintain and possibly increase their audience base is currently working extremely well for AMC Networks Inc. “Better Call Saul” ended its first season strongly, and “Fear the Walking Dead” has generated great potential for its release in the summer. The success of “The Walking Dead” and “Breaking Bad” has been extremely beneficial to the company and creating a prequel/spinoff to the original series was a wise direction to lead to.

OTHER PROGRAM NEWS

AMC Networks also houses the growingly popular series “Orphan Black”, and the critically acclaimed, award winning “Mad Men”.

[21] Orphan Black Season 2 Cast

Just recently, Season 3 of “Orphan Black” ran across all 5 network channels of AMC Networks (AMC, SundanceTV, IFC, We TV, and BBC America) as a way to boost the series’ audience reach. AMC Networks COO Edward A. Carroll quotes…

“AMC Networks is a channel group known for high-quality storytelling and creating a premiere television event for ‘Orphan Black’ is a perfect opportunity to use our programming assets to help extend the reach of this quality series.”

[20]

[22] Mad Men in AMC Networks is not doing as well as it should

Although considered as one of the best dramas in cable, “Mad Men” does not pull as much of an audience as it should [23]. Unfortunately, “Mad Men” was ranked #21 amongst other cable dramas last year [23]. Despite this, AMC Networks announced that the ad spaces on “Mad Men’s” season finale on May 17^th have been completely sold out [24], still indicating the affluence and importance of the show.

WHAT IS NEXT?

As AMC Networks Inc. develops, CEO Josh Sapan quotes that international expansion “continues to be a focus” and allowing AMC Networks to “capitalize long term on international pay TV growth and drive long-term value for our shareholders.” [11] With the acquisition of Chellomedia and BBC America, AMC is now transitioning towards a more global distribution to show it’s content. AMC now is available in 120 countries as well as the Sundance Channel in 70 countries [25].

AMC Networks Inc. has a bright future ahead of its path. Not only is the company busy with its national expansion with series spinoffs, but it is also seeking to expand globally to distribute its contents to the world. Global distribution would only propel AMC Networks’ development forwards and bring the company to the next level of the cable television realm.

SOURCES –

[1] AMC Network Inc. Logo. Logosandbrands.com, Retrieved April 14th 2015.

[2] AMC Network Inc. Website. Amcnetwork.com, Retrieved April 14th 2015.

[3] AMC Network Company Profile. Yahoo Finance, Retrieved April 14th 2015.

[4] AMC Network Company Information. Hoovers, Retrieved April 14th 2015.

[5] AMC Network Executives. Amcnetwork.com, Retrieved April 14th 2015.

[6] “AMC Networks Now Covered by Piper Jaffray (AMCX). Dakota Financial News, Retrieved April 14th 2015.

[7] “AMC Networks’ Walking Dead Finale Sees Record Closing”. Zacks.com, Retrieved April 14th 2015.

[8] “AMC Networks Receives “Hold” Rating from Evercore Partners Inc. (AMCX)”. Mideasttime.com, Retrieved April 14th 2015.

[9] “AMC Networks Ad Revenue Jumps on Demand for Original Programming”. Wall Street Journal, Retrieved April 14th 2015.

[10] “AMC Networks to Report First Quarter 2015 Results”. Yahoo Finance, Retrieved April 14th 2015.

[11] “AMC Networks International Operations Help It To Beat Q4 Earnings Expectations”. Deadline.com, Retrieved April 14th 2015.

[12] “Dish Network Rolls Out Sling TV, Reaches Deal With AMC”. Wall Street Journal, Retrieved April 14th 2015.

[13] “‘Breaking Bad’ series finale ratings smash all records”. Entertainment Weekly, Retrieved April 16th 2015.

[14] “‘The Walking Dead’ Season 5 Finale is Highest Rated Finale in Series History, Garnering 15.8 Million Viewers”. TVByTheNumbers.com, Retrieved April 16th 2015.

[15] “Here’s the First Teaser for The Walking Dead Spin-Off”. Vanity Fair, Retrieved April 16th 2015.

[16] “AMC’s ‘Walking Dead’ Draws Record Finale Ratings”. Variety.com, Retrieved April 16th 2015.

[17] Chellomedia’s Logo. Chellomediapaytv.com, Retrieved April 16th 2015.

[18] Better Call Saul Photo. Amcnetworks.com, Retrieved April 17th 2015.

[19] Fear the Walking Dead Photo. fansided.com, Retrieved April 17th 2015.

[20] “‘Orphan Black’ Season Premiere to Air Across All AMC Networks Channels”. Variety.com, Retrieved April 17th 2015.

[21] Orphan Black Season 2 Cast photo. TVLine.com, Retrieved April 17th 2015.

[22] Mad Men Cast Photo. pop-break.com, Retrieved April 17th 2015.

[23] “‘Mad Men’ brings prestige, if not powerful ratings, to AMC”. CNN Money, Retrieved April 17th 2015.

[24] “AMC sells out advertising space for the ‘Mad Men’ series finale”. CNN Money, Retrieved April 17th 2015.

[25] “Investors Better Call AMC Networks, Company Is Far From Walking Dead”. Seeking Alpha, Retrieved April 17th 2015.

[26] “‘Better Call Saul’: More AMC spin-offs to join ‘Breaking Bad’ prequel” Entertainment Weekly, Retrieved April 17th 2015.

AMC Networks

Posted on December 1, 2014 by htfergus

by Griffin Morrow

AMC Networks and their cable family. [31]

Profile

AMC Networks Inc., operating under the title of Rainbow Media Holdings for decades, is a former subsidiary of Cablevison that was spun off in the Summer of 2011 as a publicly traded company [1]. The New York based organization owns and operates cable channels AMC, IFC, WE tv, and SundanceTV and recently acquired a stake in BBC America [2]. AMC, the obvious bell-cow of the cable bundle, has birthed dramas such as Mad Men and Breaking Bad that helped catalyze the so called “golden age” in cable television from 2007 onwards. This stretch of critical acclaim has scored AMC 207 Emmy nominations along with 33 wins [3], including five of the last six Emmys for Outstanding Drama Series [4].

Key Executives

Joshua Sapan – President and Chief Executive Officer (photos curtesy of AMC Networks [37])

Charles F. Dolan – Executive Chairman

Edward A. Carroll – Chief Operating Officer

Sean S. Sullivan – Executive Vice President and Chief Financial Officer

Programming Reach

Ranking as the 14th most watched network among the coveted 18-49 demo [5], AMC reaches 97 million American households. AMC Networks, however, finds itself in a unfortunate predicament. Other cable entities WE tv, IFC, and Sundance have failed to match the margins AMC has managed. Among the 18-49 demographic, WE tv ranks 39th, IFC stumbles into 58th, and Sundance checks in at a disappointing 88th [6].

Economics

Three year economic landscape since going public [33].

To the blind eye, AMC Networks would seemingly be reveling in their cult-like headlining dramas they’ve found in Madison Avenue and meth making high school chemistry teachers. Since going public on June 21st of 2011 AMC Networks shares are up nearly $29 in price, an increase of almost 82% over three years [7]. Affiliate fees augmented from a 2007 margin of 22 cents per customer per month to 33 cents in 2013 [8]. The recent 3Q report stated a stout 31% increase in net revenue from levels a year ago to $514.2 million [9]. So what’s not to like for AMC Networks? Ad revenues have slipped by 6% in this recent quarter with a 19% drop in audiences [10]. Operating income this quarter was $12 million short of last years. Shares hit a 52-week low on October 13th when prices fell to $52.75. Moreover, AMCX stock has tumbled by approximately 18% in the last year.

Life After Mad and Bad

Dramatic successes that once stoked the AMC flame have begun to fade. Viewers said goodbye to Breaking Bad last fall and will prepare to jettison Mad Men after it’s end next spring. Questions as to how the organization will survive such gigantic losses in programming have dominated industry conversations for some time. One common theme reigns supreme: if AMC plans on continuing on, they need something to replace their prior hits. And fast. The majority of the industry, AMC Networks investors in particular, are wondering if this is possible.

Zombies Devouring American Audiences

Iconic Walking Dead season 1 poster art where protagonist Rick Grimes investigates a desolate Atlanta.

Protagonist Rick Grimes investigates a desolate Atlanta in the iconic season 1 poster. [32]

The most life in AMC Networks ironically resides within the cold clammy hands of the undead. A television adaption of Robert Kirkman’s zombie apocalypse graphic novel “The Walking Dead” has has wowed audiences suspenseful storytelling and heaps of zombie carnage. The Walking Dead premiered on Halloween night in 2010 with 5.35 million viewers, an AMC first [11]. The show has produced end over end increase since. The Walking Dead ended it’s 4th season with an average of 13.3 million viewers [12], a growth margin that prompted AMC to renew the show for a sixth season before the fifth season even aired [13].

A “Walker” enjoying a mid-afternoon snack. [34]

The infectious love for zombies has proved so strong that the first episode of season five shattered television viewing history. An audience of 17.3 million viewers for the season five premiere crowded The Walking Dead as the highest rated show in cable television history [14]. The October 12th premiere, with help from the 7% increase in viewership, managed to out muscle typical ratings power house Sunday Night Football [15]. Playing off of a dedicated following from the graphic novel has allowed the show to become the most popular program among the 18-49 demographic for two consecutive years [16].

Lightning Doesn’t Strike Twice…

All in all, AMC networks has whiffed when it comes to finding their next trademark show. Recently premiering series that AMC networks hoped would share the same prestigious stage as their predecessors have fallen significantly short. Rubicon, a conspiracy thriller set against the New York skyline, proved anything but thrilling for viewers and was cancelled three months after debuting due to subpar ratings [17].

The Walking Dead stifles the average viewership of the other AMC programming. [35]

The Detroit based crime drama Low Winter Sun adapted from a two-part British mini-series of the same name lasted only ten episodes [18]. Even the more constant series such as Hell on Wheels, Halt and Catch Fire, and TURN have underperformed expectations.

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…or Does It?

While millions may have mourned the passing of anti-hero Walter White reign on television, they will not have to wait long to satisfy their Breaking Bad junkie addictions. Former show runner Vince Gilligan and AMC have partnered to produce a prequel to the former Emmy winning series [19]. Better Call Saul, airing this upcoming February, will star Bob Odenkirk and be set six years prior to the events of Breaking Bad. AMC has already renewed the spin off for a 13 episode second season despite a delayed production process [20]. AMC also green lit preliminary production on a companion series for current hit The Walking Dead earlier this year [21]. The show will be standalone from the current series, displaying a new set of characters in an entirely different region of the post-apocolyptic zombie world. Both spin offs are obvious attempts by AMC Networks to brandish new programming through past and present successes.

DirecTV and AMC Clash on Contract

AMC Networks warning message to DirecTV viewers about potential stoppages in content.

AMC Networks warning message earlier this month on website to DirecTV viewers about potential stoppages in content. [36]

DirecTV viewers may been in danger of losing AMC Networks‘ programming after this holiday season. AMC Networks went public with a contract dispute with the satellite provider during a November 2 episode of The Walking Dead [22]. They warned viewers that they were at risk of missing future content stating that DirecTV had not “engaged in meaning negotiations”. AMC Networks has gained a reputation of quarreling with service providers by often publicizing carrier contract disputes and using their viewer as meaningful leverage. Disputes have included Verizon FiOS [23], Suddenlink Communications [24], Rogers Communications [25], and AT&T U-Verse [26] over the past two years. The worst of the carrier disputes came when DISH dropped AMC Networks from their service for nearly four months [27]. The conflict, like the others, stemmed from AMC Networks aggressive price evaluation set in an attempt to profit from newfound success in dramatic programming.

International Distribution Taking Center Stage

AMC Networks rolled out programming in various international markets starting in November, an organizational first for a company that once prided itself on broadcasting classic American movies. AMC International started distribution in Europe with broadcasts in Spain on November 5th [28]. Broadcasts of the new international distribution arm furthered in Latin America a week later [29]. The company plans to continue it’s stretch across the globe with further rollouts. These recent investments into foreign markets can be linked to AMC Netoworks‘ $1.04 billion purchase of Liberty Global’s content division Chellomedia last year [30]. The array of TV networks will be distributed across an estimated 138 countries worldwide with access to more than 390 million foreign households.

Source:

[1] AMC Networks Becomes a Public and Separate Company AMC Networks RT: 11/24/14

[2] AMC close to $200 deal for stake in BBC America New York Times RT: 11/24/14

[3] Budget Squeezing, Producer “Bake-Offs” and Post-‘Breaking Bad’ Challenges The Hollywood Reporter RT: 11/24/14

[4] Emmy Nominee/Winner Database Television Academy RT: 11/24/14

[5] ‘The Walking Dead’ Is A Huge Hit. So Why Is AMC’s Stock Trading So Low? Forbes RT: 11/24/14

[6] ‘Dead’ Breathes Life into AMC Networks Adweek RT: 11/24/14

[7] Financials: AMC Networks Inc (AMCX.OQ) Reuters RT: 12/1/14

[8] AMC is Thriving by Breaking the Rules of Legacy TV The Atlantic RT: 11/24/14

[9] AMC Networks tops 3Q net income and revenue expectations Associated Press RT: 11/24/14

[10] Media Companies miss ad dollars after signing streaming deals NYPost RT: 11/24/14

[11] ‘The Walking Dead’ Snags AMC Highest Premiere Ratings of 2010 Time RT: 11/24/14

[12] The Walking Dead Season 4 Finale Breaks Finale Record With 15.7 Million Viewers AMC blog RT: 11/24/14

[13] ‘The Walking Dead’ Renewed for Season 6 Variety RT: 11/24/14

[14] Walking Dead breaking US cable TV record BBC News RT: 11/24/14

[15] ‘The Walking Dead’ Season 5 Premiere Hits Series High Ratings, Delivering 11 Million Adults 18.49 & 17.3 Million Viewers TVbytheNumbers RT: 11/24/14

[16] ‘Walking Dead’ Renewed For Season 6 By AMC Deadline Hollywood RT: 11/24/14

[17] ‘Rubicon’ is Cancelled by AMC Entertainment Weekly RT: 12/1/14

[18] ‘Low Winter Sun’ Cancelled by AMC Variety RT: 11/24/14

[19] ‘Better Call Saul,’ a prequel spinoff series from ‘Breaking Bad,’ greenlit by AMC NY Daily News RT: 11/24/14

[20] ‘Better Call Saul’ Renewed for Second Season, Delayed Until 2015 Rollingstone RT: 11/24/14

[21] ‘The Walking Dead’ companion series gets pilot greenlight Entertainment Weekly RT: 11/24/14

[22] AMC Uses ‘Walking Dead’ Fans as Weapon in DirecTV Talks Bloomberg RT: 11/24/14

[23] AMC Networks Warns Verizon FiOS Customers That Channels Could Go Dark Deadline Hollywood RT: 11/24/14

[24] AMC Networks, Suddenlink in License Fee Dispute Broadcasting and Cable RT: 11/24/14

[25] Rogers and AMC Networks End Carriage Dispute With Multi-Year Canadian Deal The Hollywood Reporter RT: 11/24/14

[26] AT&T Statement on AMC Networks Programming Agreement AT&T press release RT: 11/24/14

[27] Dish Network Says It Will Drop AMC Networks Due To Price, Not VOOM Deadline Hollywood RT: 11/24/14

[28] AMC TV channel launches in Spain telecompaper RT: 11/24/14

[29] AMC Networks International Announces Major Expansion of Sundance Channel Global in Latin America With First-Ever Launches in Six Territories AMC International press release RT: 11/24/14

[30] AMC to Buy Liberty Global’s Chellomedia for $1.04 Billion Bloomberg RT: 11/24/14

[31] AMC Networks logo AMC Networks Website RT: 12/1/14

[32] Walking Dead season 1 poster IMDb image search RT: 12/1/14

[33] AMCX stock three year chart GoogleFinance RT: 12/1/14

[34] Zombie eating an arm Walking Dead fan page RT: 12/1/14

[35] AMC programming averages TV by the Numbers RT: 12/1/14

[36] AMC Networks warning page AMC Networks website RT: 12/1/14

[37] Executive Officers AMC Networks Websites RT: 12/1/14

AMC Networks

Posted on October 5, 2014 by mtzukin

by Meg Zukin

AMC Networks

photo courtesy of under consideration.com [i]

Contact Information[ii]—

11 Penn Plaza

New York, NY 10001

Main phone: 212-324-8500

http://www.amcnetworks.com

About—

AMC Networks is an American entertainment company which owns and operates AMC, BBC America, IFC, Sundance TV, WE, IFC Films, and AMC Networks International. Initially, AMC was known as Rainbow Media Holdings and until 2011, was a subsidiary of Cablevision Systems. In 2011, Cablevision made Rainbow Media Holdings a publicly traded company and changed its name to AMC Networks [iii].

AMC has recently gained momentum through television shows like The Walking Dead, Mad Men, and Breaking Bad, on its cable channel, AMC [iv]. IFC Films and its affiliate channel, IFC, are responsible for indie films like Boyhood [v] and quirky television comedies like Portlandia [vi]. Recently, the company acquired a 49.9% stake in BBC through a joint venture that cost $200 million [vii].

Key Executives—

Charles Dolan, Executive Chairman AMC Networks

Josh Sapan, President and CEO of AMC Networks

Charlie Collier, President and General Manager of amc

Jennifer Caserta, President and General Manager of IFC

Sarah Barnett, President and General Manager of BBC America and SundanceTV

Jonathan Sehring, President of Sundance Selects and IFC Films

Marc Juris, President and General Manager of WE tv

Pictures and titles courtesy of http://www.amcnetworks.com/about-us/leadership [viii]

Financials—

AMC Networks just reported its third quarter earnings. Net revenues increased a whopping 31.4% to $520 million [ix]. International revenue reached $122.7 million, up 765% from last year. This could be attributed to acquisitions of both BBC and Chellomedia, a deal AMC made in February which gave them a stack of networks in Europe, Latin America, the Middle East, and Asia [x]. The company also reported earnings of $53.2 million, or 74 cents a share. Analysts estimated that AMC Networks would come in at 73 cents a share and thus, they surpassed projections [xi].

According to the third quarter report, AMC Networks is currently working with a $110 million operating income [xii].

When the market closed on December 1, 2014, AMCX was down 1.34% at $63.99 per share. The company hit a low-point in mid-October at $52.75 per share and was at its highest in March at $77.40 per share. Looking at the past 3 years (when AMCX became a publicly traded company), we see exponential growth overall.

photo courtesy of Google Finance [xxx]

What’s Happening Now?—

Sarah Barnett Named President and General Manager, BBC America

AMC Networks announced last week (November 21, 2014) that current SundanceTV chief, Sarah Barnett, would be moving up to President and General Manager of BBC America [xiii]. Barnett began her career at BBC in production before she spent a decade at SundanceTV. She will start her new position in January, surveying over both SundanceTV and BBC America until AMC taps someone else to oversee SundanceTV. The current General Manager at BBC, Perry Simon, who was on the team behind Orphan Black, is moving to production with BBC Worldwide North America [xv].

Barnett certainly has the chops for an upgrade in position. Under her reign, she established Sundance as an original programming network with shows like Rectify, Top of the Lake, and The Honourable Woman [xvi] With this new position she will continue to report to Ed Carroll, Chief Operating Officer of AMC Networks.

AMC Announces Two-Night Premiere for Spin-Off Series “Better Call Saul”

AMC’s next new drama series, Better Call Saul, will debut on Sunday, February 8 with its second episode debuting the next night, Monday, February 9 [xvii]. The series follows Breaking Bad character Saul Goodman, prior to him becoming Walter White’s lawyer lawyer.

video courtesy of AMC Networks on Youtube [xviii]

The back-to-back premiere is “AMC’s first ever two-night series premiere event” according to Charlie Collier [xix]. Season one is slated for 10 episodes and Talking Dead will air before it, a solid segue for high-ratings for both shows. Breaking Bad creator Vince Gilligan co-created the spin-off with writer-director Peter Gould [xx].

AMC Networks and BBC Worldwide Enter Partnership

In October, AMC Networks bought a 49.9% stake in the BBC America cable channel. They paid $200 million to BBC Worldwide and the marriage between the two companies leaves BBC with a 50.1% stake in BBC America [xxi]. BBC America is available in almost 80 million homes domestically and was the most critically acclaimed channel on ad-supported television in 2013 [xxii].

BBC America will be managed as a standalone channel within AMC, much like how AMC, WE tv, and SundanceTV are operated. Even though BBC still has a grander stake in its American counterpart, AMC Networks will maintain operational control over the company, as well as affiliate and advertising sales [xxiii].

This agreement occurred almost exactly on the one-year anniversary of AMC’s $1 billion acquisition of Liberty Global’s international network, Chellomedia. That acquisition led to AMC Networks International which is available in 140 countries [xxiv].

AMC Networks/IFC Films Acquires Rights to “October Gale”

IFC Films bought the American rights to writer-director Ruba Nadda‘s thriller, October Gale, which premiered at the Toronto Film Festival. IFC Films also released another film by Nadda, Cairo Time. The film stars Patricia Clarkson, Tim Roth, and Scott Speedman. Clarkson plays a doctor who takes in a skeptical man when he floats ashore at her secluded cabin with a gunshot wound [xxv]. Myriad Pictures is handling worldwide sales.

Fred Armisen and Carrie Brownstein Return to Portlandia

Portlandia will return to IFC for its ten-episode fifth season in January. This season will showcase a laundry list of cameos including Vanessa Bayer, Steve Buscemi, Peter Giles, Justin Long, Shepard Fairey, Jane Lynch, and Olivia Wilde, amongst others [xxvi].

video courtesy of IFC Youtube

Viewers will be able to recap previous seasons on New Year’s Day when IFC will air a marathon but seasons 1 through 4 are also available on Netflix and iTunes [xxvii].

IFC Orders New Comedy Series: “Gigi’s Bucket List”

IFC has ordered a series starring David Krumholtz as “Gigi,” a 72-year-old Jewish grandmother from Boca Raton, Florida. Krumholtz is also an executive producer along with Grandma’s House Entertainment.

It will shoot this year and is slated to air in 2015. Gigi indulges herself after she discovers that she has access to her dead husband’s bank account [xxviii]. This series fits in with IFC’s quirky personality and will air in 73 million U.S. homes [xix].

David Dobkin to Direct “Badlands” for AMC

In July, AMC ordered Badlands, a martial arts drama that is loosely based on the Chinese Journey to the West. It is the third AMC series that was picked up straight to series at the network [xxxi].

However, it was announced on November 24, 2014 that director David Dobkin has signed onto the project as series director and executive producer. Dobkin has worked on Wedding Crashers and Shanghai Knights previously. AMC bought six, one-hour, episodes with an expected premiere either in late 2015 or early 2016 [xxxii].

Works Cited—

[i] AMC Logo accessed 11/20/2014

[ii] AMC Contact accessed 11/20/2014

[iii] Hoovers AMC profile accessed 11/20/2014

[iv] AMC Shows accessed 11/20/2014

[v] Boyhood, IFC accessed 11/22/2014

[vi] Portlandia, IFC accessed 11/22/2014

[vii] AMC Networks/BBC accessed 11/22/2014

[viii] AMC Leadership accessed 11/22/2014

[ix] Quarter Earnings accessed 11/30/2014

[x] Chellomedia deal accessed 12/1/2014

[xi] Quarter projections accessed 11/30/2014

[xii] Operating income accessed 11/30/2014

[xiii] Sarah Barnett, BBC accessed 11/22/2014

[xiv] Perry Simon future plans accessed 12/1/2014

[xv] BBC Worldwide North America accessed 12/1/2014

[xvi] Sarah Barnett at Sundance accessed 11/22/2014

[xvii] Better Call Saul premiere accessed 10/28/2014

[xviii] Better Call Saul video accessed 12/1/2014

[xix] AMC double night debut accessed 12/1/2014

[xx] Co-creators Better Call Saul accessed 12/1/2014

[xxi] BBC deal accessed 11/24/2014

[xxii] Metacritic BBC critically-acclaimed accessed 11/29/2014

[xxiii] BBC America management accessed 12/1/2014

[xxiv] Chellomedia acquisition accessed 12/1/2014

[xxv] October Gale acquisition accessed 10/28/2014

[xxvi] Portlandia fifth season accessed 12/1/2014

[xxvii] Recap New Year’s Day accessed 12/1/2014

[xxviii] IFC orders comedy series accessed 12/1/2014

[xix] IFC series accessed 12/1/2014

[xxx] Current state of stock market accessed 12/1/2014

[xxxi] Badlands accessed 12/1/2014

[xxxii] David Dobkin signs on accessed 12/1/2014

AMC Networks

Posted on October 30, 2013 by Valerie Champeau

By Val Champeau

-courtesy of AMCtv.com

AMC Network Entertainment LLC.

11 Penn Plaza, 15th Floor
New York, NY 10001
646-273-7105

http://www.amcnetworks.com/

History

AMC Networks was originally known as, Rainbow Media Holdings, LLC. Rainbow, formed in 1980, started as a small network originally only including Bravo and SportsChannel New York. The Cablevision owned media conglomerate would, less than a decade later, go on to merge with NBC in 1988. This merger gave NBC 50% ownership of Rainbow Media in the original deal. After decades of trades, gains, and mergers, Cablevision considered taking Rainbow Media public, but did not actually go through with the deal until 2011. [1]

-courtesy of lyngsat-logo.com

On March 10th, 2011, Cablevision took Rainbow Media broke it off into a publicly traded company, AMC Networks today. Congruently, with AMC going public, Cablevision kept their cable business still as a private entity. [2]

Since going public, AMC has hit the ground running. Most recently, 2013, AMC Networks acquired the international content division of Liberty Global, Chellomedia, for a reported 750 million Euros, or $1.04 billion. This deal now gives AMC Networks access to approximately 138 countries. [3]

Financials

Most recently, in the 3rd quarter of 2013:

Net revenue increased by 19.1% to $395 million
Operating income increased 40.9% to $122 million
Adjusted Operating Cash Flow (AOCF) increased 25.4% to $137 million

“Our solid financial results in the third quarter were driven by a return on our investment in original programming…Our shows are performing well on IFC, Sundance Channel and WE tv. At AMC, our acclaimed series Breaking Bad came to a close with record viewership and the Emmy Award for Oustanding Drama Series, and The Walking Dead kicked off its fourth season with record ratings that extended its reign as the #1 show on television among adults 18-49. With our Chellomedia acquisition, we believe we will over time further capitalize on demand for our content by growing internationally, a key strategy to ensuring our long-term success.”

–Josh Sapan, AMC Networks President and CEO [4]

Looking at AMC Networks‘ one year stock evaluation it seems that the company, although currently in the red, has stayed relatively stable since going public. [5]

Key Executives

Josh Sapan

President and CEO AMC Networks INC

-courtesy amcnetworks.com

Josh Sapan has been the President and CEO of AMC Networks Inc since March 9, 2011. He was brought over from his previous position as CEO of Rainbow Media Holdings (Now AMC Networks), where he was employed since, 1995. Sapan currently serves on the boards of The Cable Center, CTAM, The New School and many others. [6]

Ed Carrol

Chief Operating Officer AMC Networks Inc.

-courtesy amcnetworks.com

Ed Carrol oversees all operations for each brand associated with AMC Networks – AMC, WE tv, IFC, and Sundance Channel. He is also responsible for ad sales in the company’s international divisions (AMC/Sundance Channel Global). He has been with the company for 24 years. [7]

Sean S. Sullivan

Executive Vice President and Chief Financial Officer AMC Networks Inc.

-courtesy amcnetworks.com

Sean S. Sullivan is responsible for all of AMC Networks‘ financial needs. This includes, accounting, tax, financial planning, treasury, and investor relations. Along with financials, Sullivan, oversees the information technology and creative service departments, Broadcasting & Technology, programming origination and distribution division. He joined AMC Networks in September 2010 from HIT Entertainment. [8]

Recent News

Breaking Bad – “Felina”: The Final Episode Hype

-courtesy of businessinsider.com

Breaking Bad is considered one of the most compelling, addictive, and suspenseful dramas that has ever hit cable. Driven by plot and fueled by characters, AMC took viewers on a journey of a man’s total distraction, leaving in it’s wake one of the most highly anticipated final episodes ever for a series. In short, Walter White (Bryan Cranston), a high school chemistry teacher, diagnosed with cancer, finds himself at a crossroads in his life. He has always played it safe for his family, and now with a baby on the way, White turns to a life of crime. Partnering up with his former student, Jesse (Aaron Paul), to cook meth, White finds himself spiraling down a dark path which eventually becomes his own demise. Everything he aims to save in the beginning of series, he slowly looses, until he has nothing left to loose. This is what has the audience on the edge of their seats for the final episode. What many people admired about the episode, unlike many other series such as, Lost and The Sopranos, is that it left no question unanswered and tied all 5 seasons up with a big bang at the end, which everyone knew was coming – Walt’s death. “Felina” had the highest ratings of any episode in the series, 10.28 million viewers. Along with viewership, the final Breaking Bad episode created an explosion over the twitter-shpear. Walter White’s final hours on screen generated 1.2 million tweets, making it the most talked about television show for the week (out-ranking “The Voice” and “Grey’s Anatomy“). Breaking Bad had 12 Emmy Nominations in the 2013 season. [9] [10]

The Walking Dead

– courtesy of collider.com

AMC defiantly has a way with drama. The hit apocalyptic zombie series, The Walking Dead, has accumulated what many would describe as a “cult” following. Much like other AMC shows, Breaking Bad and Mad Men, the viewers are drawn in by the concept, but, stay for the character development. AMC has made a name for itself in seeing just how far people will go when faced with a challenge, and for The Walking Dead, that challenge is to stay alive. Over the course of the series we see the protagonists stripped of humanity and brought down to nothing but animal instinct. How they act and, re-act, is what keeps viewers coming back week after week. It is not a typical zombie movie where the audience knows that, in the end, the humans will triumph and all is well in a matter of 2 hours. The Walking Dead has reinvented suspense, being known for killing off main characters at any moment. How do we know? Because numbers don’t lie. The most recent season of Walking Dead, season 4, had earth shattering numbers, which had the media buzzing with anticipation. The hour long zombie drama pulled in 16.1 million viewers and an 8.2 rating among adults 18-49. These statistics put the show up 30% in the demo from season 3’s finale (their pervious high). [11] [12]

In The Works

AMC’s New Pilot: Preacher

Originally considered by, HBO, AMC has reportedly ordered the pilot to adapt the extremely dark DC comic , Preacher. HBO apparently passed up the deal due to the comic being too controversial. Although, they didn’t state what was controversial about it, it could be assumed that it was the dark religious aspect of the storyline. Originally authored by Garth Ennis and Steve Dillon, Preacher has been described as many things, but to sum them up: the series is full on crazy. With the wrap up of Breaking Bad, AMC needs to fill the void that the dark drama has left for viewers. Although the pilot has only been ordered, there has already star power around the potential new show. Seth Rogen, a devoted Preacher comic fan, has sent out a number of hinting tweets that he could be involved with the project:

He then followed up the tweet with another, naming some main characters in the series:

Will the show get green lighted? No one can say for sure. However, one thing can be said- this will defiantly be a defining moment for AMC and their content. Judging from the comic books themselves, this show will be darker than anything seen on TV before, pushing AMC to the top of drama original programing. [13]

*Storyline of The Preacher Comic Book Series

Sources

[1] History

[2] History: Cablevision exlporing spinoff of Rainbow Media

[3] Purchase of Chellomedia

[11] The Walking Dead

[12] The Walking Dead

[13] Preacher

AMC Networks

Posted on October 27, 2013 by Garrett Braddock

By Garrett Braddock

AMC Networks Logo

AMC Networks Inc.

11 Penn Plaza

New York City, New York, USA

(212) 324-8500

http://www.amcnetworks.com/

About AMC Networks [1}:

AMC Networks is an entertainment company based in New York that owns a multitude of popular channels including AMC, IFC, WE tv, and the Sundance Channel. Their flagship channel, AMC, boasts the impressive feats of having the most

The various properties owned by AMC Networks

watched drama series in cable history with, The Walking Dead, and also stands as the only cable network to win an Emmy for “Outstanding Drama Series” four years in a row. AMC Networks also owns the film company IFC films and the highly regarded IFC center, a movie theater in New York City.

Key People at AMC Networks [2]: (All images curtesy of AMC Networks)

Charles Dolan– Executive Chairman

Joshua Sapan–President and Chief Executive Officer

Edward A Carroll— Chief Operating Officer

Finances in Fall 2013:

AMC Networks enjoyed a financially beneficial third quarter here in Fall 2013. The Wall Street Journal reports that the networks earnings were up by 59% from last year, a rise that is sure to make investors very happy people. This growth can be

Past Year Stocks for AMC Networks. Courtesy of Seeking Alpha

contributed to a high demand from advertisers to be placed on their channels. The Journal states, “The growth was driven by a 36% rise in advertising revenue to $146 million, helped by a strong demand for original programming.”[3]

News Stories from Fall 2013:

-Harmonious Deals with Chellomedia

Logo courtesy of Chellomedia

One of the major moves that AMC Networks made this fall was the purchasing of Chellomedia, which is an international content division of Liberty Global, an acquisition that cost around $1.04 billion. Chellomedia focuses on operating digital and broadband channels across Europe and Latin America, a spread that will broadly widen the amount of viewers AMC could reach. It is estimated that Chellomedia reaches around 400 million viewers in 138 countries. This acquisition means that AMC will be able to access various netoworks in the aforementioned countries and have a much wider, international market for their already popular programs. Of the deal, Josh Sapan said, “This acquisition allows us to secure a large, global platform on which to distribute our increasingly successful original programming through a collection of strong, well-established and well managed assets worldwide.”[4] One criticism of this deal is that it makes AMC less likely to be bought out by a larger company, a move which some investors may have been expecting. Previously, it was thought that AMC may be the target of larger cable network companies New Corp or CBS Corp, but this acquisition seems to prove that AMC is still looking to expand before looking for potential buyers.[5] Overall, the acquisition of Chellomedia, likely to officially go through in early 2014, will broaden the reaches of AMC Networks, expand their global market, and allow them to become much less dependent on success in the US market.[6]

-Breaking Bad? More like Breaking Records!!

Promotion for beginning of fifth and final season of Breaking Bad. Courtesy of AMC

Throughout its airing, Breaking Bad has become one of the most highly regarded and well-liked shows on television. The show tells the story of a high-school chemistry teacher who is diagnosed with cancer and decides to secure financial security for his family by cooking and selling meth. The show has garnered both viewer and critical acclaim, and won “Outstanding Drama Series” at this years Emmy awards, after being nominated for the past 3. AMC saw record numbers for Breaking Bad almost every episode of the last season, with those numbers peaking on its final episode, “FiNaLe” where the average viewership was 10.3 million according to Nielsen. When it comes to the important adults 18-49 demographic, Breaking Bad achieved a 5.4 rating, reaching about 6.7 million people.[7] This impressive finale ranks third in cable series finales, finishing behind only The Sopranos and Sex and the City.

An interesting article on Slate discussed how Nielsen began ranking television shows on the number of people tweeting about them, and how that reflects on Breaking Bad. It was estimated that 9.3 million people tweeted about, or viewed tweets about Breaking Bad during its penultimate episode. This is an important statistic because it displays how many people are actively engaged in the show, a fact many advertisers would love to know so they can more intelligently places their advertisements. [8]

-Ratings Spring Back To Life With The Walking Dead

Another one of AMC Network’s hugely successful series, The Walking Dead, comes again from their flagship channel, and has been racking up huge ratings with every episode. This show follows a group of survivors during the zombie apocalypse and chronicles their

Main promotion for The Walking Dead. Courtesy of AMC

harrowing tale. The show has seen growing success over its first 3 seasons, with ratings and viewer numbers reaching record-breaking heights during the premiere of the fourth season. TVbythenumbers reports that 16.1 million people tuned in for the premiere with 10.4 million being of the adult 18-49 demographic.[9] The Walking Dead has become the #1 show on television across both cable and broadcast networks. Even compared to Sunday Night Football, The Walking Dead is 23 percent bigger than the perennial broadcast telecast.[10] These ratings and numbers have either stayed the same or grown with each passing episode. On the heels of such success, AMC Networks announced on October 29^th that it has renewed The Walking Dead for a fifth season, in which they are likely to have continued success.[11]

-The Sundance Channel Brings a New Kind of Zombie to Life[12]

This fall The Sundance Channel premiered The Returned, a French hit, and one of the

Photo showing premise of The Returned: the reconnecting of those once thought to be dead

channel’s first forays into scripted TV series. The series tells the stories of people who come back to life exactly as they were before they died. The show, based on the French film, They Came Back, was a critical hit in France before being picked up by The Sundance Channel. The show is quietly doing very well for the channel, considering the small audience and fact that the show is subtitled to English. As mentioned earlier, The Returned has received critical acclaim, being lauded for its beautiful cinematography and emotionally believable characters.[13] Despite only having eight total episodes, the show has an impressive 92/100 score on metacritic.[14]

-Low Winter Sun: Maybe Sinking a Bit too Low?

Another AMC show to be grabbing headlines this fall was crime-drama Low Winter Sun. This show tells the story of a cop in Detroit who believes his girlfriend was murdered by another detective. Despite airing after the widely watched Breaking Bad, this show has

Promotion for Low Winter Sun. Courtesy of AMC.

never gotten the viewer attention AMC Networks was hoping for. Low Winter Sun has received mixed reviews, with many leaning towards the negative side, citing the show’s pace and darkness as its main adverse aspects.[15] The show has even drawn criticism from one of its stars, James Ransone. Ransone said of the show, “It wasn’t a good show…” and “If it doesn’t get canceled, I’ll be goddamn shocked…the ratings were terrible.”[16] AMC Networks has yet to decide if the show will be renewed for a second season, but the decision is likely to come by early December.

Sources:

Principles & Practices

Website by the students of TRF235

Tag Archives: Chellomedia

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About AMC Networks [1}: