AMC Networks' streaming services to launch on cable giant Charter, CEO Sapan touts progress in transformation 'from a 'cable channels company' into a premier content company'
AMC Networks, the cable networks company that operates AMC, IFC, WE tv, BBC America and SundanceTV, on Thursday surprised Wall Street with slightly higher third-quarter earnings that exceeded analysts' estimates. But its U.S. advertising revenue fell 2.6 percent amid lower ratings a lack of new episodes of original seriesThe company, led by CEO Josh Sapan, posted a third-quarter profit of $117 million, or $2.
The company on Thursday also said that cable giant Charter Communications would launch its suite of subscription video on demand services, as well as AMC Premiere, the company’s premium ad-free version of its AMC channel, to Charter’s Spectrum customers. He added: "Recent successes include our Acorn TV streaming service surpassing 1 million subscribers, an outsized presence at this year’s Emmy Awards with a number of key wins and a recent agreement with Charter Communications to launch our full suite of focused streaming services – Acorn TV, Shudder, Sundance Now and UMC – and our commercial-free AMC Premiere offering on their Spectrum platform.
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