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AMC Networks CEO exits after brief stint; plans 20% U.S. job cuts

AMC Networks said its chief executive officer had stepped down, less than three months after taking over the role, and that it would cut about 20% of its U.S. workforce as it faces industry... | December 6, 2022

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AMC Networks lays off 20% of its 1,000 US employees and CEO exits

The cable network, home to hit shows such as Mad Men, The Walking Dead, and Breaking Bad, announced the moves in a press release and internal memos on Tuesday.

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AMC Networks CEO exits after less than three months in role

AMC Networks CEO exits after less than three months in role
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AMC NETWORKS INC. REPORTS FIRST QUARTER 2021 RESULTS: Pressparty

OFFICIAL PRESS RELEASE
AMC
New York, NY – May 7, 2021: AMC Networks Inc. (“AMC Networks” or the “Company”) (NASDAQ: AMCX) today reported financial results for the first quarter ended March 31, 2021.
President and Chief Executive Officer Josh Sapan said: “AMC Networks had solid performance in the first quarter and we are on course to meet our 2021 financial and streaming targets, including reaching at least 9 million paid subscribers by year end. The transition of the company to be the worldwide leader in targeted streaming on the strength of our focused, strong content continues on track. The support of our distribution partners for our streaming efforts and our advanced advertising strides are providing us with both stability and momentum. We believe the high viewer engagement, efficient economic model, and pricing power of our streaming offerings provide us with important strategic advantages which, when coupled with our valuable linear channel offerings, will fuel our growth and continue to position us very well over the near and long term.”

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AMC Networks Hits 6 Million Streaming Subscribers With the Help of The Walking Dead

AMC Networks Hits 6 Million Streaming Subscribers With the Help of The Walking Dead
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AMC Networks had good news for investors when it reported its fourth-quarter and year-end earnings earlier this week. The company concluded 2020 with more than 6 million streaming subscribers across its various platforms, including AMC+, Acorn TV, Shudder, Sundance Now, and ALLBLK. That's a year-over-year aggregate subscriber growth of 157%. President and Chief Executive Officer Josh Sapan credits some of that success to the expanding
Walking Dead franchise, which released 40 new episodes in 2020 between
“2020 was a year of strong performance for AMC Networks, as we continued to transform our company while successfully navigating what has been a uniquely challenging and uncertain operating environment," Sapan said in a press release. "AMC Networks is now the worldwide leader in targeted streaming and, with the addition of our new AMC+ premium bundled offering, streaming is now the most significant growth area of our company. Our distribution relationships are strong, now supported by our streaming offerings, with our ability to complete several renewals in 2020 underscoring the continued strength and attractive value of our linear cable channels. Our digital advertising initiatives are a key priority, including expanded distribution of our content on AVOD and FAST platforms. Our proven and continued ability to create and selectively curate must-have content is allowing us to feed the content pipeline supporting all of our offerings. Our strategy is providing us with strong tailwinds and we believe there are significant and sustainable opportunities before us as we continue to reconstitute our company.”

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