We heard this news first back in December, but the Q4 earnings call brought the official announcement from the company.
“AMC Networks achieved its key financial targets for the year, against a backdrop of a rapidly shifting media ecosystem,” President and Chief Executive Officer Josh Sapan said during today’s earnings call. We continue to move our organization in a new strategic direction, from what has been a cable channels company into a premier targeted content company that is now inhabiting the traditional pay-TV ecosystem, the advanced advertising world, as well as the emerging targeted SVOD marketplace.”
During the call, Sapan added that AMC’s streaming services complement some of big names in streaming, including Netflix and Amazon Prime, offering more niche content to supplement the general content libraries of the larger services. Rather than competing against big players, it looks like AMC will try to find a place alongside other services.
“A new agreement with one of our biggest MVPD partners – DISH Network – includes the launch of our full suite of targeted SVOD services and demonstrates that our distribution partners are increasingly recognizing the value of our SVOD offerings. We are seeing momentum for our targeted SVOD services, which passed two million paid subscribers in the fourth quarter, as we continue to invest in strong, desirable content and valuable IP, diversify through new areas of content monetization and maximize the long-term value of our core networks and brands,” Sapan added.
That new agreement is a carriage deal with DISH and Sling TV, announced just yesterday. The deal will expand on the current partnership between DISH and AMC which will likely mean more AMC content coming to Sling TV subscribers over the upcoming weeks.
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