{"id":20206,"date":"2014-10-05T19:10:48","date_gmt":"2014-10-05T23:10:48","guid":{"rendered":"https:\/\/bejone03.expressions.syr.edu\/trf235\/?p=20206"},"modified":"2014-12-01T17:51:00","modified_gmt":"2014-12-01T22:51:00","slug":"amc-networks-6","status":"publish","type":"post","link":"https:\/\/bejone03.expressions.syr.edu\/trf235\/2014\/10\/05\/amc-networks-6\/","title":{"rendered":"AMC Networks"},"content":{"rendered":"
by Meg Zukin<\/pre>\n
AMC Networks<\/strong><\/p>\n
\"amc_network_logo_render\"<\/a>
photo courtesy of under consideration.com [i]<\/a><\/p><\/div>Contact Information[ii<\/a>]<\/strong>\u2014<\/strong><\/p>\n
11 Penn Plaza<\/p>\n
New York, NY 10001<\/p>\n
Main phone: 212-324-8500<\/p>\n
http:\/\/www.amcnetworks.com<\/a><\/p>\n
About\u2014<\/strong><\/p>\n
AMC Networks<\/a> 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<\/a>].<\/p>\n
AMC has recently gained momentum through television shows like The Walking Dead<\/a><\/em>, Mad Men<\/a><\/em>, and Breaking Bad<\/a><\/em>, on its cable channel, AMC [iv<\/a>]. IFC Films and its affiliate channel, IFC, are responsible for indie films like Boyhood<\/a><\/em>\u00a0[v<\/a>]\u00a0and\u00a0quirky television comedies like Portlandia<\/a><\/em>\u00a0[vi<\/a>]. Recently, the company acquired a 49.9% stake in BBC through a joint venture that cost $200 million [vii<\/a>].<\/p>\n
Key Executives\u2014<\/strong><\/p>\n
\"Charles<\/a>
Charles Dolan, Executive Chairman AMC Networks<\/p><\/div>\n
\"leader_sapan\"<\/a>
Josh Sapan, President and CEO of AMC Networks<\/p><\/div>\n
\"Charlie<\/a>
Charlie Collier, President and General Manager of amc<\/p><\/div>\n
\"Jennifer<\/a>
Jennifer Caserta, President and General Manager of IFC<\/p><\/div>\n
\"Sarah<\/a>
Sarah Barnett, President and General Manager of BBC America and SundanceTV<\/p><\/div>\n
\"Jonathan<\/a>
Jonathan Sehring, President of Sundance Selects and IFC Films<\/p><\/div>\n
\"Marc<\/a>
Marc Juris, President and General Manager of WE tv<\/p><\/div>\n
Pictures and titles courtesy of\u00a0http:\/\/www.amcnetworks.com\/about-us\/leadership [viii<\/a>]<\/p>\n
Financials\u2014<\/strong><\/p>\n
AMC Networks just reported its third quarter earnings. Net revenues increased a whopping 31.4% to $520 million [ix<\/a>]. 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<\/a>]. 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<\/a>].<\/p>\n
According to the third quarter report, AMC Networks is currently working\u00a0with a $110 million operating income [xii<\/a>].<\/p>\n
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.<\/p>\n
\"Screen<\/a><\/p>\n
photo courtesy of Google Finance [xxx<\/a>]<\/p>\n
What’s Happening Now?\u2014<\/strong><\/p>\n
Sarah Barnett Named President and General Manager, BBC America<\/em><\/strong><\/p>\n
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<\/a>]. Barnett began\u00a0her career at BBC in production before she spent a decade at SundanceTV. She will start\u00a0her 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<\/a>, who was on the team behind Orphan Black<\/a><\/em>, is moving to production with BBC Worldwide North America<\/a> [xv<\/a>].<\/p>\n
Barnett certainly has the chops for an upgrade in position. Under her reign, she established Sundance as an\u00a0original programming network with shows like\u00a0Rectify<\/a>, Top of the Lake<\/a>,\u00a0<\/em>and\u00a0The Honourable Woman<\/a>\u00a0<\/em>[xvi<\/a>]\u00a0With this new position she will continue to report to Ed Carroll, Chief Operating Officer\u00a0of AMC Networks.<\/p>\n
AMC Announces Two-Night Premiere for Spin-Off Series “Better Call Saul”<\/em><\/strong><\/p>\n
AMC’s next new drama series,\u00a0Better Call Saul<\/em><\/a>, will debut on Sunday, February 8 with its second\u00a0episode debuting the next night, Monday, February 9 [xvii<\/a>]. The series follows\u00a0Breaking Bad<\/em><\/a> character Saul Goodman, prior to him becoming Walter White’s lawyer\u00a0lawyer.<\/p>\n