AMC Networks Inc.

by Hsin-Tzu (Teresa) Lin

ABOUT AMC NETWORKS INC. :

AMC Networks Inc. Logo

[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:

[5]

FINANCIALS AND STRATEGIES:

AMC Networks Inc. is a publicly traded company with a stock price of $77.27 as of April 16th 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 4th [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].

[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”.

Orphan Black Season 2 Cast

[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

[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 17th 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

by Griffin Morrow
AMC Networks and their cable family.

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

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

Charles F. Dolan - Executive Chairman

Charles F. Dolan – Executive Chairman

Edward A. Carroll - Chief Operating Officer

Edward A. Carroll – Chief Operating Officer

Sean S. Sullivan - Executive Vice President and Chief Financial 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.

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.

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.

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.

there is importantnt text here that you can’t see

…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

by Meg Zukin

AMC Networks

amc_network_logo_render

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

Charles Dolan, Executive Chairman AMC Networks

leader_sapan

Josh Sapan, President and CEO of AMC Networks

Charlie Collier, President and General Manager of amc

Charlie Collier, President and General Manager of amc

Jennifer Caserta, President and General Manager of IFC

Jennifer Caserta, President and General Manager of IFC

Sarah Barnett, President and General Manager of SundanceTV

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

Jonathan Sehring, President of Sundance Selects and IFC Films

Jonathan Sehring, President of Sundance Selects and IFC Films

Marc Juris, President and General Manager of WE tv

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.

Screen Shot 2014-12-01 at 12.44.19 PM

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 Lakeand 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

Lionsgate Entertainment

By Ali Koskoris

Lionsgate Entertainment

Photo Courtesy of destructoid.com[i]

Contact Information:[ii]

2700 Colorado Avenue, Suite 200, Santa Monica,CA 90404

1-310-449-9200

www.lionsgate.com

 

About Lionsgate Entertainment: 

Founded in 1997 in Canada [iii], Lionsgate Films is an independent international entertainment company and segment of the Lionsgate Entertainment Corporation.  It produces and distributes motion pictures, television programming and syndication, animation, and digital media. [iv]  In 2003 the company merged with Artisan Entertainment and in 2012 it purchased Summit Entertainment for approximately $413 million. [v]

Lionsgate has gained momentum by creating blockbuster film franchises based on books, including Twilight, The Hunger Games, and Divergent. [vi] With a focus on cost discipline, Lionsgate releases approximately fifteen feature films and six to eight specialty films a year through its sister company, Roadside Attractions. The company television section also has close to thirty television series distributed through multiple mediums, including Mad Men and Orange is the New Black, and holds contracts with Hulu, Netflix, and Amazon. [vii]

 

Key Executives:

Joe Feltheimer   Michael BurnsSteve BeeksBrian Goldsmith

Photos and info Courtesy of: http://www.lionsgate.com [viii]

 

Financials:
In 2013 Lionsgate Entertainment earned $2.7 billion dollars – a 70.58% growth from 2012- and had a gross income of $1.3 billion dollars- a 95.22% gross income increase from 2012. [ix]  Thus far in 2014 (through April 13), Lionsgate has grossed approximately $232 million domestically, led by recent release, Divergent and followed by The Hunger Games: Catching Fire, which is no longer in theatres. [x] The company stays small, with just 636 employees worldwide. [xi]

 

What’s Happening Now?
In 2014, Lionsgate Entertainment released eight films, and five are still in theatres.  Divergent, The Hunger Games: Catching Fire, and I, Frankenstein lead 2014 in gross so far respectively (with the latter two out of theatres). [xii]  

 

Divergent
The third of Lionsgate’s novel-to-film franchises, Divergent tells the story of a young woman who finds out she does not fit into the confined factions of her world and is “Divergent.” She must find out the truth about what it means to be Divergent when she uncovers a plot to destroy her faction. The film, directed by Neil Burger, is based on the Veronica Roth novel and features rising star Shailene Woodley[xiii]

Photo Courtesy of http://themoviemash.com/ [xvi]

Photo Courtesy of themoviemash.com [xiv]

In its opening weekend (21-23 March 2014), Divergent topped the box office charts, grossing approximately $54.6 million domestically to its $85 million budget. Currently in its fourth week in theatres, the film has grossed $178.4 million worldwide. [xv] Like Harry Potter and the Twilight Saga, Lionsgate announced on 15 April 2014 that Allegiant, the third and final book of the series, will be split into two films. Part one will be released on 18 March 2016 and Part 2 will be released on 24 March, 2017. [xvi]

 


                                                                                                                 

Draft Day
Draft Day tells the story of an NFL general manager who works to rebuild his team by trading for the number one pick. The film is directed by Ivan Reitman and it stars American sportscaster Chris Berman and actress Jennifer Garner. [xvii]

Photo Courtesy of IMDb

During its opening weekend (11-13 April 2014), the film ranked number four in domestic weekend gross, making about $9.7 million.  As of 18 April 2014, it has grossed $15.8 million domestically. [xviii]

Tyler Perry’s The Single Moms Club
Tyler Perry’s The Single Moms Club is about a group of five single moms who overcome problems through their support group. Written and directed by Tyler Perry, the film stars Nia Long and Wendi McLendon-Covey. [xix]

Photo Courtesy of IMDb

Photo Courtesy of IMDb

For its opening weekend, the film ranked number five in domestic gross with $8 million. In week five (as of 17 April 2014), the film has grossed $15.8 million domestically. [xx]

 

Photo Courtesy of IMDb

Photo Courtesy of IMDb [xxv]

Joe                                                                                              In addition to these three films, Lionsgate is boasting Joe, a film distributed by Roadside Attractions.  The film, starring Nicolas Cage and directed by David Gordon Green, tells the story of an ex-con who befriends a teenaged boy. [xxi]  The film is different from Lionsgate’s other recent films because it was released On Demand on the same day it was released in theatres (11 April 2014). [xxii] The film was released in just 48 theatres domestically and, as of 20 April 2014, has grossed about $330 thousand at the domestic box office. [xxiii]  The film has received positive reviews, with an 84% rating from Rotten Tomatoes and a 79% rating from audiences. [xxiv]

 

In Other News:
Photo Courtesy of rocketjump.com

Photo Courtesy of rocketjump.com [xxvii]

On 14 April 2014, Lionsgate announced that it has created a multi-year partnership with video creator RocketJump Studios, which gained fame through its web series Video Game High School. RocketJump has 6.8 million subscribers and shows its content through multiple platforms.  The partnership gives Lionsgate access to RocketJump’s digital content and gives RocketJump access to Lionsgate’s international marketing resources. [xxvi]

 

Photo Courtesy of Yahoo!

Photo Courtesy of Yahoo! [xxix]

On 20 March 2014 Lionsgate extended its contract with producer Grindstone Entertainment Group through a multi-year agreement. The team has been successful in the past with films like Empire State and Frozen Ground. Lionsgate Co-COO Steve Beeks said that Lionsgate is excited about the extension. [xxviii]

 
 
 

What’s to Come:
Lionsgate will release its newest film, The Quiet Ones, on 25 April 2014.  The film, based on a true story, directed by John Pogue, and starring Jared Harris and Sam Claflin, tells the story of a professor and a group of students who uncover terrible secrets when they experiment on a young girl.[xxx]
Photo Courtesy of IMDb

Photo Courtesy of IMDb [xxxi]

Reviews from critics on Rotten Tomatoes seem to be mixed, so it should be interesting to see how the film does in theatres. [xxxii]

 

 

 

Photo Courtesy of IMDb [xxxiv]

 

On 25 July 2014, Lionsgate will release Step Up: All In, the fifth installment of the Step Up series.  The film tells of a dancer and his dance crew who work to win an LA dance competition.  The film is directed by Trish Sie and stars Ryan Guzman and Briana Evigan. Multiple stars from the previous films are featured as well.  There are not yet any reviews for the film. [xxxiii]

 

 

 

 

 

Photo Courtesy of IMDb

Photo Courtesy of IMDb [xxxvi]

 
 

Lionsgate will also be releasing The Expendables 3 on 15 August 2014.  Directed by Patrick Hughes and starring Sylvester Stallone and Jason Statham, the third film in the series tells of the conflict between The Expendables and the founder’s new, younger group of Expendables.  The film also has not received any reviews. [xxxv] 
 
 
 
 
 

Photo Courtesy of itk.ua

Photo Courtesy of itk.ua [xxxix]

In addition to releasing three new films, Lionsgate will be recognized as the Company of Distinction for 2014 at the Banff World Media Festival (8-11 June 2014). [xxxvii] Lionsgate will be receiving this award because of its success, its diverse programming, and its “visionary approach to the global television business.” [xxxviii]

 
 
 
 
 

[i] Lionsgate Logo  From 26 July 2009. Retrieved 18 April 2014.
[ii] Lionsgate Contact  Retrieved 18 April 2014.
[iii] Founded From 24 Jan 2014. Retrieved 18 April 2014.
[iv] What Liongate does Updated 17 April 2014. Retrieved 18 April 2014.
[v] Merging with Artisan and Summit From 24 Jan 2014. Retrieved 18 April 2014.
[vi] Blockbuster Film Franchises Retrieved 18 April 2014.
[vii] Distribution Retrieved 18 April 2014.
[viiii] Key Executives Retrieved 18 April 2014.
[ix] 2013 Gross Income Retrieved 18 April 2014.
[x] 2014 Income Until April 13. Retrieved 18 April 2014.
[xi] Employees Retrieved 18 April 2014.
[xii] 2014 Films Retrieved 18 April 2014.
[xiii] Divergent Synopsis Retrieved 18 April 2014.
[xiv] Divergent Poster Retrieved 18 April 2014.
[xv] Divergent Financials As of 17 April 2014. Retrieved 18 April 2014.
[xvi] Divergent’s Future From 15 April 2014. Retrieved 18 April 2014.
[xvii] Draft Day Synopsis Retrieved 18 April 2014.
[xviii] Draft Day Opening Week As of 17 April 2014. Retrieved 18 April 2014.
[xix] Tyler Perry’s the Single Moms Club Synopsis Retrieved 18 April 2014.
[xx] Tyler Perry Financials As of 17 April 2014. Retrieved 18 April 2014.
[xxi] Joe Synopsis Retrieved 20 April 2014.
[xxii] Joe On Demand Retrieved 20 April 2014.
[xxiii] Joe Financials As of 20 April 2014. Retrieved 20 April 2014.
[xxiv] Joe Ratings As of 20 April 2014. Retrieved 20 April 2014.
[xxv] Joe Poster Retrieved 20 April 2014.
[xxvi] RocketJump Studios From 14 April 2014. Retrieved 18 April 2014.
[xxvii] RocketJump Logo Retrieved 18 April 2014.
[xxviii] Grindstone Extension 20 March 2014. Retrieved 18 April 2014.
[xxix] Grindstone Logo Retrieved 18 April 2014.
[xxx] The Quiet Ones Synopsis Retrieved 19 April 2014.
[xxxi] The Quiet Ones Poster  Retrieved 19 April 2014.
[xxxii] The Quiet Ones Reviews As of 19 April 2014. Retrieved 19 April 2014.
[xxxiii] Step Up: All In Synopsis Retrieved 19 April 2014.
[xxxiv] Step Up: All In Poster  Retrieved 19 April 2014.
[xxxv] The Expendables 3 Synopsis Retrieved 19 April 2014.
[xxxvi] The Expendables Poster Retrieved 19 April 2014.
[xxxvii] “Company of Distinction for 2014” From 27 March 2014. Retrieved 19 April 2014.
[xxxviii] Why Receiving Award  Retrieved 19 April 2014.
[xxxix] Banff Logo Retrieved 19 April 2014.

AMC Networks

By Tyler Cunningham
AMCN_rebrand_thumb
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:

charles_dolan

[5]

Charles F. Dolan – Executive Chairman

joshua_sapan

[5]

Joshua W. Sapan – President & CEO

leader_carroll

[5]

Edward A. Carroll – COO

leader_sullivan

[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]

Screen Shot 2014-04-18 at 6.15.05 PM

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

chellomedia_new


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)

Screen Shot 2014-04-21 at 1.38.32 PM

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)

better-call-saul1

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

AMC Networks

By Val Champeau

 

-courtesy of AMCtv.com

-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]

Rainbow-Media-11-18

-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]

Screen Shot 2013-11-20 at 1.09.57 AM 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

Josh Span

-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

-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.

sean sullivan

-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

breaking bad

-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

– 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

PreacherOriginally considered by, HBOAMC 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:

Screen Shot 2013-11-20 at 1.09.16 PM

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

Screen Shot 2013-11-20 at 1.13.49 PM

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

[4] Financials

[5] AMC Stock 

[6] Josh Sapan

[7] Ed Carroll

[8] Sean S. Sullivan

[9] Breaking Bad

[10] Breaking Bad

[11] The Walking Dead

[12] The Walking Dead

[13] Preacher

Lionsgate Entertainment

Taylor Kowalski

lionsgate logo

Courtesy of Lionsgate Entertainment [1]

Company Contact Information

Los Angeles Address:

Lionsgate Corporate

2700 Colorado Ave.

Santa Monica, CA 90404

(310)-449-9200

[1]

Executives

Jon Feltheimer, CEO since March 2000.

Michael Burns, Vice Chairman since March 2000.

Steve Beeks, President since February 2004

Joe Drake, Preisdent of the Motion Picture Group since August 2007

Jim Keegan, Chief Financial Officer since April 2002

[1]

Company Overview

Lionsgate Entertainment Corporation is a leading multimedia entertainment company that maintains a presence in film and television production and distribution, home and family entertainment, digital distribution, as well as international distribution and new channel platforms.  Committed to low overhead, entrepreneurial business models, cost discipline, and niche focus, Lionsgate has recently seen the success of their 12-year growth strategy, which led to Lionsgate becoming a major name in the world marketplace. [6]

Lionsgate Film’s list of successful films includes The Hunger Games, The Saw Saga, and a long list of Tyler Perry’s films. In addition, Lionsgate Television’s current programming includes successes such as FX’s Anger Management, AMC’s Mad Men, ABC’s Nashville, and Showtime’s Nurse Jackie.

Other Lionsgate holdings and subsidiaries include Lionsgate Music and Publishing, Tigergate, Mandate Pictures, Maple Pictures, Kix, Epix, Thrill, TVGuide.comFEARnet.com, Debmar-Mercury, Elevation Sales, and Break.com.

Brief History

Lionsgate Entertainment Corporation was founded by Frank Giustra in 1997 in Vancouver, British Columbia.  A majority of the funding for its founding was put forth by Yorktown Securities, a bank with stake in Frank Giustra’s mining assets.  [2]

To further itself in the industry, Lionsgate acquired other small production houses, purchasing Cinepix Film Properties, which was then dubbed Lionsgate Films, as well as North Shore Studios, then renamed to be Lionsgate Studios.  After more purchases, the Lionsgate Media subsidiary was founded to produce content for television.  [2]

After Feltheimer became CEO, Lionsgate Entertainment acquired Trimark Pictures for approximately $50 million in June of 2000.  Lionsgate also purchased Artisan Entertainment in 2003.   They went on to purchase Rebus Film Distribution of the United Kingdom in October 2005, which became Lionsgate UK on February 23rd, 2006.  Also in 2006, Lionsgate sold Lionsgate Studios to Bosa Development Corporation.  In June of 2007, Lionsgate Music and Publishing was founded. [2]

In 2009, Lionsgate acquired the TV Guide Network. [3]

In January of 2012, Lionsgate acquired Summit Entertainment, the producers of The Twilight Saga, which helped Lionsgate cross the $1 billion dollar threshold for the first time.  This success is also attributed to the release of The Hunger Games. [1]

images

Courtesy of The Hunger Games [16]

Competitors

DreamWorks Studios

Imagine Entertainment

Metro-Goldwyn-Mayer Incorporated

[18]

Finances

As the fiscal year ended March 31st, 2013, the annual financial reports for Lionsgate have not been released yet.

Their first-quarter financial report for 2013 reported revenue of $471.8 million, with a price of $.33 per share with the first quarter of fiscal 2013 ending June 30, 2012. [4]

The second-quarter earnings release reports revenue of $707.0 million with a price of $.56 per share with the second quarter of fiscal 2013 ending September 30, 2012. [4]

The third-quarter earnings release reports revenue of $743.6 million with a price of $.28 per share with the third quarter of fiscal 2013 ending December 31, 2012. [4]

View Available Financial Reports

Screen Shot 2013-04-08 at 12.01.12 AM

Courtesy of Yahoo Finance [5]

At the closing of April 5th, Lionsgate’s stock had gone up .74 of a point, a 3.29% increase.

With blockbuster films such as The Hunger Games: Catching Fire being released in 2013, Lionsgate is likely to have a comparable year to that of 2012, during which the release of franchised movies, including The Twilight Saga and The Hunger Games, led to more than $2.5 billion being made at the worldwide box office in 2012. [6]

Recent News

dredd

Courtesy of IMDB [14]

January 22, 2013– Lionsgate’s comic-based film DREDD achieved a DVD and Blu-Ray release that made it the best-selling new release title of the year.  DREDD also became the top film download of the week, beating out all other films in digital sales as well.  This feat adds to Lionsgate’s list of films that have made up for a lacking box office performance through DVD and Blu-Ray sales, helping Lionsgate be the industry leader in DVD-to-box office conversion. [7]

Official DREDD Trailer

February 12 and 13, 2013– Media Investor Gordon Crawford joined Lionsgate’s board of directors, increasing the size of the board to 13 members.  In addition, Wayne Levin signed a long-term agreement to act as Lionsgate’s General Counsel and Chief Strategic Officer. [8] [9]

March 5, 2013– Andrew Kramer was named Chief Operating Officer of International Distribution. [10]

BD-2-wallpapers-breaking-dawn-part-2-32962100-1680-1050

Courtesy of The Twilight Saga: Breaking Dawn – Part 2 [15]

March 5, 2013– Lionsgate reported that Summit Entertainment’s The Twilight Saga: Breaking Dawn – Part 2 sold 3.85 million DVD’s and Blu-Rays in its first weekend of release.  This news is more significant due to the fact that 27% of the sales were Blu-Ray copies, up from the 22% seen for The Twilight Saga: Breaking Dawn – Part 1, which further indicates the growing acceptance of the Blu-Ray format.  Similarly, 20% more transactions were electronic, such as Video On Demand, for this film. [11]

Official Twilight Saga: Breaking Dawn – Part 2 Trailer

March 21, 2013– Lionsgate and the new digital entertainment service M-GO announced that they are partnering to bring Lionsgate’s library of films and television programs, such as The Hunger Games, Twilight, Madea, and Mad Men, to the digital service for customers to purchase or rent. [12]

TVGuideNEWlarge

Courtesy of TV Guide [15]

March 26, 2013CBS Corporation and Lionsgate officially partner in a 50/50 ownership of the TV Guide Network as well as TVGuide.com, a cable channel that reaches 80 million households. [3]

Future

Though Lionsgate may not have as profitable of a fiscal year in 2013 and 2014 due to The Twilight Saga wrapping up and no longer overlapping The Hunger Games, The Hunger Games: Catching Fire as well as the rest of the trilogy are sure to be box office successes for Lionsgate.

Other upcoming films for Lionsgate include The Big Wedding, We the Peeples, You’re Next, I, Frankenstein, and Tyler Perry’s A Madea Christmas.  Lionsgate is also planning to add to the Texas Chainsaw 3D franchise. [13]

Official We The Peeples Trailer

Official You’re Next Trailer

Official Tyler Perry’s A Madea Christmas Trailer

In addition, Summit Entertainment’s upcoming 2013 slate includes Now You See Me, Red 2, The Tomb, and Ender’s Game.

Sources

1. Lionsgate Official Website  http://www.lionsgate.com

2. Lionsgate History http://www.fundinguniverse.com/company-histories/lions-gate-entertainment-corporation-history/

3. Lionsgate and CBS for TV Guide Network http://www.hollywoodreporter.com/news/lionsgate-eyes-sale-tv-guide-282649

4. Lionsgate Quarterly Earnings http://investors.lionsgate.com/phoenix.zhtml?c=62796&p=quarterlyEarnings

5. Yahoo Finance Report http://finance.yahoo.com/q?s=LGF

6. Lionsgate Company Overview http://investors.lionsgate.com/phoenix.zhtml?c=62796&p=irol-homeprofile

7. DREDD Press Release http://investors.lionsgate.com/phoenix.zhtml?c=62796&p=irol-newsArticle&ID=1776610&highlight=

8. Gordon Crawford Press Release  http://investors.lionsgate.com/phoenix.zhtml?c=62796&p=irol-newsArticle&ID=1784145&highlight=

9. Wayne Levin Press Release  http://investors.lionsgate.com/phoenix.zhtml?c=62796&p=irol-newsArticle&ID=1784588&highlight=

10. Andrew Kramer Press Release  http://investors.lionsgate.com/phoenix.zhtml?c=62796&p=irol-newsArticle&ID=1792410&highlight=

11. Twilight Press Release  http://investors.lionsgate.com/phoenix.zhtml?c=62796&p=irol-newsArticle&ID=1792214&highlight=

12. M-GO Press Release  http://investors.lionsgate.com/phoenix.zhtml?c=62796&p=irol-newsArticle&ID=1798829&highlight=

13. Lionsgate Films http://www.lionsgate.com/?section=film

14. DREDD on IMDb  http://www.imdb.com/title/tt1343727/

15. Breaking Dawn – Part 2 Photo Page  http://www.breakingdawn-themovie.com

16. The Hunger Games Official Website  http://www.thehungergamesmovie.com/index.html

17. TV Guide Network  http://www.tvguide.com

18. Yahoo Finance, Lionsgate Competitors  http://finance.yahoo.com/q/co?s=LGF+Competitors

AMC Networks

by Elliott Brannon

amc_network_logo_render

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]

AMC_Networks_Logo_Train_RGB_300dpi

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].

amc_new_logo

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.

anchor-bay

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.

inline-breaking-bad

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

AMC Networks

by Jose Blanco

Courtesy of underconsideration.com

Key Exceutives

 

Charles Dolan Executive Chairman
Josh Sapan President & Chief Executive Officer
Ed Carroll Chief Operating Officer
Sean S. Sullivan Executive Vice President & Chief Financial Officer
Jamie Gallagher Executive Vice President & General Counsel
John P. Giraldo Chief Accounting Officer
Bob Broussard President, AMC Networks Distribution
Rob Doodian Executive Vice President, Human Resources
Ellen Kroner Executive Vice President, Communications & Marketing
Steven Pontillo Executive Vice President & Chief Technology Officer
David Evans Senior Vice President, Broadband
Paul Rehrig Senior Vice President, Business Development

Highest Competitors  

1. Showtime

2. HBO

Corporate Headquarters

AMC Networks Inc.
11 Penn Plaza
New York, NY 10001
Main Phone #: (212) 324-8500

 

Brief Network Description

Previously known as Rainbow Media Holdings (a division of the Cablevision, the American cable television company), AMC Networks [1] is a public entertainment company that focuses on specialty television and independent film production based in New York City. Within their branch of premium cable television channels, AMC Networks focuses on producing original content through their multiple channels (AMC, WE tv, the Sundance Channel, and IFC).  On July 1st of 2011, Cablevision made AMC Networks [1] become a publicly traded company, leaving former Rainbow Media president, Josh Sapan, as President and CEO of AMC Networks. Previously recognized for their airing of classic movies, the company began producing original content in 2007 with the launch of programs such as “Mad Men” in AMC (their most popular channel to which the company was named after).

mad-men.jpg

Courtesy of Zap2it.com

Ever since,  AMC Networks has promoted the creation of high-quality original content in their programming. With hit shows such as “The Walking Dead”, “Mad Men”, and “Breaking Bad”, all of which have received critical acclaim and popular appraisal, AMC Networks has marked its presence in the television industry, especially with through their channel AMC. As their tagline states; “Story matters here.”.

This Year for AMC Networks

Third Quarter 2012 Results

AMC Networks has been seemingly busy this year, given to their known legal dispute [2] with DISH Network early on this summer that led the American cable company to “drop” all of AMC Networks’ programming since this July to early October until the dispute was finalized. A deeper analysis regarding to the  legal dispute and it’s result will continue further along the reading. Given to situations such as the previously stated, the company’s operating income (OI) decreased 8% in its Q3 [3] of this year (in comparison to Q3 of 2011) to a total of $87 million and its AOCF (adjusted operating cash flow) decreased 10.9% to $110 million (Q3 as well). According to AMC Networks’ most recent quarterly report, these blatant decreases in OI and AOCF are due to “ the impact of the litigation and associated carriage dispute with DISH Network.”. Now, OI also decreased due to “flat operating income at national networks and a $9 million increase in the operating loss at International and Other.” Normally when the network refers to its “International and Other” operation, its regarding its independent film production company IFC films, but AMC Networks is currently working on expanding its market on a global scale by opening up markets in Asia, Latin America, Europe, Canada, and Africa. [4]

Regardless of the networks decreasing OI and AOCF, the company has seen a steady increase in net revenues this year by a significant 17% ($332 million by the en of this year’s Q3 ) and an increase of 40% in share value this year (AMCX)[5], a share which is now traded at $52.25.  These revenues, which were off set by their legal disputes, were due to not only the success of their programming but also to their growth in digital and licensing distribution (which is one of the primary reasons for the incitement of their current and past conflicts with cable companies such as DISH Network) through deals with online platforms such as Amazon.com, Netflix, and iTunes. Within their national networks, this led to an increase of 24.3% of revenues to $199 million [3]. Although use of online platforms has increase, Josh Sapan announced at the 40th Annual UBS Global Media and Communications Conference that took place recently on Dec. 4th “Our company has taken a rather more restrained approach on making our shows more accessible online. As a matter of policy its not good for the ecosystem, we chose to very selectively to sell our content.” then adding “We will support it. We will have to carefully manage where our rights go. We are in a position to balance that quite well and we have been compensating it for some time. We will be a good and healthy participant.” while referring to these online platforms [4].

DISH Network and AMC Networks

Now, what is this huge legal mumbo jumbo with DISH Network all about? AMC Networks current strategy consists of profit maximization through affiliate fees [5]. What they do is come up with two to three hit programs (“The Walking Dead”, “Mad Men”, and “Breaking Bad”) which make the channel indispensable to the carrier then fill the rest of the channels programming with inexpensive content such as non-fiction/reality programming (“Comic Book Men”, “Whisker Wars”). As posted in an article by Bill Gurley regarding affiliate fees on Abovethecrowd.com; “How can a cable company not offer “Mad Men”.” And they can’t and AMC knows so. Hence within their contracts they bundle up their other channels and relatively go better off in the contract [5].

dish_logo.jpg

Courtesy of infospace.ischool.syr.edu

“DISH felt that the network had devalued its admittedly popular dramas… by selling them to outlets such as Netflix, iTunes, and Amazon.com” according to an article on fool.com [6]. DISH felt as if they were being cut out and not just that, but AMC was demanding an increase in affiliate fees (which makes sense do to the success of their programs). DISH argued that AMC’s ratings did not meet with their demands.  Given to their disagreements, DISH dropped all programming from AMC Networks in July 2012. But AMC, as well put in fool.com, “won’t be bullied”[6] .

They retaliated by launching ads denouncing DISH’s decision to drop them from programming. With campaigns such as the “Put Zonbies Back” ad that showed footage of people costumed as zombies scrawling through the streets of New York City (in real life) promoting their apocalyptic series “The Walking Dead” and retaliating the carrier’s decision to drop it’s programming.

These campaigns gave way to fan made spoofs and responses that demanded DISH to bring back AMC programming.

They did not stop there. Through their advertising, they gave DISH customers a week to “switch” providers and leave DISH [7].

Many doubted on AMC’s success given that their viewership had decreased 7%-9% in July when compared to 2011, according to the video by the Wall Street Journal [8]. With these decreases in ratings, AMC gave advertisers free time spaces in online streaming trying to push the ratings up.  “You’d be surprised, there’s been a bit of a drop off since the black out started (referring to ratings when DISH dropped AMC)… these are niche products and as a result don’t have the same financial impact.” argued the WSJ [8].

Before the premiere of the third season of “The Walking Dead”, both parties agreed upon a settlement [9]. AMC and Cablevision would receive $700 million and receive a 20% stake with Voom HD, which offers up to 21 channels of HD programming. DISH acquired wireless spectrum licenses that cover up to 45 separate markets.

 

Television Channels

 

200px-Amc_logo.svg.png

Courtesy of wikemedia.org

A speciality cable television channel that focuses on providing original content such as their hit shows “The Walking Dead”, “Mad Men”, and “Breaking Bad” and airing classic films.

Recent News

People at the WSJ must have been biting their tongues when the “The Walking Dead” premiered on Oct. 14th and received 10.87 million viewers. But the real breakthrough [10]came with the show’s midseason finale that reached 15.2 million viewers on the night of the premiere, a 58% increase in comparison to its previous season finale (yet this was only the mid-season finale) and breaking records for cable television.  It surpassed all other fall programs that appeal to the 18-49 age demographic such as “the Big Bang Theory” and “Modern Family”. Plus, the show’s new follow-up talk show “the Talking Dead” received a viewership of 2.2 million.

http://www.youtube.com/watch?v=gUvKSXO_Ipc

In February, AMC will premiere two new non-fiction tv-shows, “Immortalized” and “Freakshow“,  “The Walking Dead“, “the Talking Dead“(both returning Feb. 14th 2013), and the hit reality tv show “Comic Book Men” will also return that same month [11].

 

SundanceChannel.jpg

Courtesy of media.sundancechannel.com

The Sundance Channel is a cable television channel that airs original programming, independent films, documentaries, and short films plus recent news regarding the current year’s Sundance Film Festival.

Recent News

The Sundance Channel announced in November its upcoming releases of 5 new dramas of high caliber talent and “non-formaulative” story lines. These new premieres include shows such as “Valentines”, based off a novel by Olaf Olafsson and produced by Robert Redford that follows the life of a New York lawyer and his three daughters. Other shows include “Death in the Modern Age”, “T”, and “Behind the Sun” [12].

972772_orig.jpg

Courtesy of patrickgallo.weebly.com

 The IFC Channel (Independent Film Channel) airs independent film, original programming, and news and buzz relate to the independent film industry. IFC airs programs that range from slightly off comedies such as “Portlandia“, the multiple chapters of the R. Kelly “hip-hopera” “Trapped in the Closet“, to the absurdity behind beard competitions in the reality tv show “Whisker Wars“.

Recent News

AMC Networks has entered into fierce negotiations with Verizon in the past month concerning contract renewals.  Pressure has also escalated in negotiations with Timewarner concerning the networks low-rated channels that are being bundled with their stronger channels such as AMC. Both carriage companies have threatened to drop [13] the networks programming as a result of weak ratings from both  IFC and WE tv.

wetv-logo.jpg

Courtesy of 1.bp.blogspot.com

WE tv airs is a cable television channel that targets women and women’s issues. Programming includes documentaries, some original programming, talk shows, fashion shows, older feature films, and some re-runs of other TV shows. Their  latest hits include “Mary Mary“, a program that follows the lives of the famous gospel duo composed of the two ATkins-Campbell sister, Erica and Tina.

References

1. AMC Networks Homepage http://www.amcnetworks.com/default

2. Dish Network Settles Suit With AMC -WSJ http://online.wsj.com/article/SB10001424052970203406404578070960821103982.html

3.Third Quarter Report of AMC Networks 2012 http://www.amcnetworks.com/release_release_press.jsp?nodeid=6602

4.40th Annual UBS Global Media and Communications Conference http://cc.talkpoint.com/ubsx001/120312a_im/?entity=15_EJSUBIR

5.http://abovethecrowd.com/2010/04/28/affiliate-fees-make-the-world-go-round/

6.http://www.fool.com/investing/general/2012/10/22/amc-and-dish-work-out-a-new-deal-the-zombies-are-b.aspx

7.http://www.fool.com/investing/general/2012/07/15/amc-breaking-bad-news-for-dish-but-its-great-for-i.aspx

8. Drama of the Lost Dish Network http://www.youtube.com/watch?v=GAWgizbYfGw&feature=player_embedded

9. http://www.hollywoodreporter.com/thr-esq/amc-back-dish-lawsuit-settled-381472

10. AMC’s “The Walking Dead” is The First Cable Series to Beat Every Other Show of the Fall Broadcast Season in Adult 18-49 http://www.amcnetworks.com/release_release_press.jsp?nodeid=6607

11. http://www.amctv.com/

12.Sundace Channel’s New Shows http://www.amcnetworks.com/release_release_press.jsp?nodeid=6601

13.http://www.bloomberg.com/news/2012-12-03/time-warner-cable-threatens-to-drop-low-rated-networks.html