Tag: AMC
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AMC Networks ‘On Track’ to Reach 9 Million Subscribers Across Streaming Services
AMC reported Q1 2021 financial results Friday morning, missing revenue estimates and dropping 5.8% year over year with total net revenues at $691.7 million. A 7% drop in advertising revenue impacted the results for the quarter, which AMC said was “due to shifts in the timing of the airing of original programming and lower delivery,…
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AMC Networks Reaches 6 Million Streaming Subscribers Across AMC+, Acorn TV, Shudder, Sundance Now & ALLBLK
In a Q4 earnings report released Friday morning, AMC Networks noted growth of 157% year over year across its streaming services. AMC Networks owns AMC+, Acorn TV, Shudder, Sundance Now, and ALLBLK. President and Chief Executive Officer Josh Sapan said that streaming is the most significant area of growth for the company. The company…
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Study: 25% of US Broadband Households Prefer Home-Viewing to Theaters
Viewing habits have been steadily shifting over the last decade, primarily with a swing toward streaming. But up until recently, it seemed as though movie-watchers still enjoyed going to the theater to catch the newest release. Now, new research from Parks Associates shows one-quarter of US broadband households say they would rather watch a new…
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AMC is Selling Off 200M Shares in an Effort to Survive
The Covid-19 pandemic has landed AMC Entertainment in some deep water. The theater chain has been hit hard by the lack of business and having to shut down its locations during lockdowns. Now, AMC has filed with the SEC to sell up to 200 million shares as a way to liquefy some assets into cash.…
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You Can Book a Private AMC Theater Showing Starting at $99
AMC is bridging the revenue gap by renting out its theaters for private viewing parties. You can book an entire theater room for you and up to 20 guests so you don’t have to worry about getting germs from strangers. And it’s not outrageously priced either – reservations for one of their “AMC Safe &…
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Sling TV Adds More AMC Content for Free
Sling TV is building its on-demand collection of AMC content with the addition of IFC Films Picks and Slightly Off by IFC. Both channels are now available at no cost in the Sling Free section, joining three other AMC channels – Absolute Reality by WEtv, Rush by AMC, and AMC Presents. Here’s what you’ll get…
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AMC Says its Cash Will Run Out by The End of This Year
Like many businesses, AMC Theaters has taken a huge hit in the wake of the coronavirus pandemic. Theater closures throughout the better part of the year had the chain reporting major losses throughout each quarter. Now, the nation’s largest theater chain says it expects its cash to be gone by the end of this year…
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AMC+ Launches on Amazon Prime Video Channels and Apple Channels
AMC+ is a new service that brings together content from across AMC Networks’ brands, including AMC, Shudder, Sundance Now, and IFC Films Unlimited, along with a linear network of AMC programming. The service costs $8.99/month after a seven day free trial, and it is available to watch on Amazon Prime Video Channels and Apple Channels.…
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AMC’s Horror Streaming Service ‘Shudder’ Reaches 1M Subscribers
Today Shudder announced that its reached a landmark 1 million subscribers. The AMC Network horror and thiller streamer which launched in 2015 has seen positive engagement during the COVID-19 pandemic, boosting its subscriber count. It’s also seen a steady growth in viewership over the last year, with the premiere of its original series Creepshow as…
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AT&T Responds to AMC Complaint with the FCC
Earlier this month, we reported on a complaint made by AMC to the FCC. In the complaint, AMC said that AT&T was showing favoritism to its own networks while putting smaller networks at a disadvantage. AMC claimed that AT&T wanted to cut back on how much it pays to carry AMC networks and asked the…