AMC Networks Posts Q2 Revenue Increases
AMC Networks -- even with
some carriage issues -- still posted double-digit increases in both advertising and affiliate revenue for the second
quarter. But more channel troubles could be coming.
Advertising revenue for the network group -- which consists of AMC, WE tv, and others -- grew 13.4% to $130 million.
Affiliate revenue was 15.2% higher to $176 million.
AMC did take note of its ongoing issues with Dish
Network -- the second-largest satellite TV provider, with 14 million subscribers. Since May, Dish Network has stopped TV channel carriage of its AMC, WE tv and IFC
networks.
The company says of the ongoing riff: "The termination of Dish Network’s carriage will have a material impact on our revenues, AOCF [adjusted operating
cash flow] and operating income in future periods... Although Dish Network’s termination has reduced the company’s total subscribers by approximately 13%, the impact on our AOCF and
operating income, if it continues, will be materially higher."
Overall, its U.S. domestic networks had a 14.4% gain in revenue to $305 million, with operating income 21.6%
higher to $111 million. Looking at all revenue -- international and digital, for example -- there was 12% gain to $328 million. Net income climbed 47% to $84 million.
Recent MediaDailyNews Articles
-
Fox May Stream Super Bowl On Authenticated Basis June 19, 9:04 p.m.
The past two Super Bowls have been streamed free online, but Fox may offer a type ... -
Univision, 'Variety' Team For Original Content June 19, 5:43 p.m.
Reflecting the growing size and importance of the U.S. Hispanic market, TV broadcasters have been moving ... -
UK Ad Spend Forecast To Hit $20B June 19, 5:40 p.m.
The pace of ad spending in the UK is picking up. Measured media expenditures in the ... -
3 Innovation Lions Awarded, Barbarian Grabs Grand Prix June 19, 1:33 p.m.
The Barbarian Group has won the Lions Grand Prix Award for Innovation, a new award category ... -
Cable Upfront Begins, Final Take Projected At $9.8B June 19, 12:07 p.m.
Following most of the broadcast upfront deal-making, many cable networks have been inking and completing upfront ... -
Shazam Launches Service To Measure TV Campaigns June 19, 10:49 a.m.
On the heels of other social media apps looking to help out TV brand advertisers with ... -
GM Returns To Oscars, Drives 5-Year Deal June 19, 10:16 a.m.
General Motors and the Oscars telecast are back in business.The Detroit carmaker said Wednesday that it ... -
Cannes King: Omnicom Earns Most Medals, Media Agency Of Year June 19, 9:34 a.m.
Omnicom’s OMD Worldwide was the most medaled media network at the Cannes ad festival this year, ... -
Consumers Tag Costco, Movado As Most Promising Brands June 18, 6:09 p.m.
Costco, Cisco and Movado are the three most financially promising pure-play, publicly traded brands in the ... -
'Voice' Sings To Consistent Beat June 18, 5:57 p.m.
One of the biggest shows on broadcast television finished its spring edition pretty close to where ...
Be the first to comment on "AMC Networks Posts Q2 Revenue Increases"
Leave a Comment