AMC Networks Incorporated, home to hit shows like “Mad Men” and “Breaking Bad”, reported higher-than-expected overall quarterly profit because the company’s business significantly benefited from purchasing Chellomedia, an international provider of content.
AMC purchased Chellomedia, a part of Liberty Global Plc of John Malone, for almost $1.04B last January, allowing AMC to access more markets in 130 different countries.
Overall revenue from AMC’s division that primarily holds their film and international business, increased to almost 9-fold amounting to $122.7M., This is mainly because of the recent success of “Boyhood”, a drama film by Richard Linklater that was filmed for a duration of 12 years.
Meanwhile, new AMC shows, Like “Turn”, “Low Winter Sun”, and also “Halt & Catch Fire” failed in duplicating the great success of “Mad Men”, “Breaking Bad”, and also “the Walking Dead”, AMC’s net overall profit decreased mainly because of more production costs.
AMC is scheduled to also release a “Breaking Bad” prequel entitled “Better Call Saul”, this coming February.
AMC Networks Incorporated is also in the works of producing a companion zombie show to “The Walking Dead” that will feature how the same zombie apocalypse in the show’s storyline are affecting other countries.
AMC’s overall shares increased to 1.3% to a value of $60.74 during the early NASDAQ trading last Thursday.
Matthew Slotkin
Latest posts by Matthew Slotkin (see all)
- Blood Transfusions from Women who Have Been Pregnant Might Kill Men - October 20, 2017
- Ocean Critters Contribute to Global Warming with High Amounts of Greenhouse Gas Emissions - October 16, 2017
- The Dwarf Planet Haumea Is the Fourth Ringed Object in the Solar System - October 13, 2017
