 | |
| Company type | Public |
|---|---|
| ISIN | US00164V1035  |
| Industry | |
| Predecessor | Rainbow Media Holdings, LLC (1980–2011) |
| Founded |
|
| Headquarters | New York City, United States |
Area served | Worldwide |
Key people |
|
| Products |
|
| Brands | |
| Revenue |  US$2.42 billion (2024) |
| US$−40 million (2024) | |
| US$−227 million (2024) | |
| Total assets | US$4.36 billion (2024) |
| Total equity | US$856 million (2024) |
Number of employees | 1,800 (2024) |
| Divisions | AMC Networks International |
| Subsidiaries | |
| Website | amcnetworks |
| Footnotes / references [2] | |
AMC Networks Inc. is an American independentmass media andentertainment corporation headquartered in11 Penn Plaza, New York City.[3] The company owns and operates theeponymous cable channel,BBC America,IFC,Sundance TV, andWe TV. It also owns theart house movie theaterIFC Center inNew York City; the independent film companiesIndependent Film Company andRLJE Films, the anime licensorSentai Filmworks, the premium subscription streaming servicesAMC+,IFC Films Unlimited,Acorn TV,Allblk,Shudder, Sundance Now,Philo, andHidive, and a minority interest in the Canadian production studioShaftesbury Films.
The company operates in Europe and Latin America through its international division,AMC Networks International. The current incarnation of the company, founded as a publicly traded company in July 2011, is the successor to the now defunctRainbow Media Holdings, LLC (or alternatelyRainbow Programming Holdings), which was originally founded in 1980 as a subsidiary ofCablevision (which itself is also defunct), and is majority-owned and controlled by theDolan family.[4]
Origins of the company go back to 1980 when its predecessor, Rainbow Media, was first founded and was initially a joint venture between the cable television companiesCablevision,Comcast,Cox Communications, andDaniels & Associates, yet its first service, a hybrid service, was launched from partnership was launched later on December 8, 1980, which broadcast nightly on satellite time subleased from theNational Christian Network, and consisted of featured culture events from what is nowBravo on Sunday and Monday nights, and adult-orientedB movie networkEscapade for the rest of the week.[5] Due to the involvement of the four cable companies, the new service quickly gained subscribers. By July 1981, both channels expanded their offerings to seven nights a week.[6] In August 1981,Playboy Enterprises became half-owner of Escapade which introduced a new programming block to the channel in early 1982. By the end of that year the network would relaunch asThe Playboy Channel.[7][8]
In the years that followed, the three other cable companies would exit the partnership, leaving Cablevision as the sole owner of Rainbow by 1983. Cablevision transferred control of its previously launchedregional sports networkSportsChannel New York to Rainbow. In 1983, three other regional sports networks were acquired:PRISM New England (soon to be relaunched as SportsChannel New England), Philadelphia-basedPRISM, and Chicago-basedSportsVision.[9] Playboy also bought out Rainbow's share in The Playboy Channel, although it would continue to market the channel for the next few years.
Rainbow launched what would later be known asAmerican Movie Classics (now known as AMC) in late 1984. Upon AMC's launch the network initially featured "classic" pre-1970 movies. Rainbow andTurner Broadcasting System entered into a dispute after the network launched, and Turner launched a competitor to AMC known asTurner Classic Movies. Cablevision began packaging AMC and Bravo together as theRainbow Service. Near the end of 1984,CBS and Cablevision announced a deal to have CBS take 50% ownership in the Rainbow Service and Rainbow's marketing. The agreement also gave CBS partial ownership in the regional sports properties which had already become a joint venture withThe Washington Post (the Post did not have ownership in Bravo or AMC).[9] In 1986,Tele-Communications Inc. purchased a stake in AMC. Through this deal, the network which had 300,000 subscribers was able to greatly expand carriage to most of TCI's 3.9 million subscribers.[10]Long Island cable news serviceNews 12 was also launched in 1986.
CBS and Cablevision parted ways in 1987. In 1988, Rainbow's SportsChannel would make its largest programing deal, gaining national television rights for theNational Hockey League.[11] Cablevision gained a new partner that year,National Broadcasting Company, Inc. (then a subsidiary ofGeneral Electric), which obtained 50% ownership in Rainbow.[12] Through this partnership, five additional regional sports networks were created in theBay Area,Cincinnati,Cleveland,Philadelphia, andLos Angeles. The partnership also produced theOlympics Triplecast, apay-per-view service providing additional coverage of the1992 Summer Olympics.
1994 saw the launch of an American feed of the Canadian music channelMuchMusic USA, in partnership withCHUM Limited (who would launch aCanadian version of Bravo the year after), and theIndependent Film Channel.[13] Years later would CHUM sell their stake to Rainbow in 2000 and revoked their license for the MuchMusic name, which culminated into a rebrand asFuse in 2003. Fuse became a part ofMSG Media in 2010, and has since been spun off asFuse Media.
In 1997,Romance Classics, which is now We TV, a channel that had been in planning for over five years and had its launch date pushed back multiple times, was finally launched. But Rainbow's largest venture that year was the merger of SportsChannel intoFox Sports Net. Rainbow retained varying ownership interests in all of the former SportsChannel networks except PRISM and SportsChannel Philadelphia, which were both shut down to make way for the firstComcast SportsNet. Over the next decade, all of these networks except SportsChannel NY (then Fox Sports New York) were gradually sold off. Fox Sports New York was then transferred to the MSG Media division and rebranded MSG+.[14]
Rainbow ran the local-mindedMSG Metro Channels which launched in 1998, before folding them in late 2005.[citation needed]
Through a series of transactions, beginning in 1997, NBC's stake was eventually reduced.[15] In 2002, Cablevision sold its share of Bravo to NBC and as part of the deal, NBC gave up its then 20% share in Rainbow.
2003 saw Rainbow DBS Company launch a DBS satellite service, the HDTV-orientedVoom. The service ceased operations on April 30, 2005, and instead several of Voom's HD channels were launched on Dish Network and Cablevision, now bannered asVoom HD Networks. The networks were discontinued in 2009.
In 2005,Cablevision considered spinning off Rainbow Media as a publicly traded company, and making their core cable business private, but withdrew the plan. In 2006, a new plan emerged to privatize all of Cablevision, including Rainbow Media. In January 2007, with no word on if the privatization would go through,Liberty Media expressed interest in acquiring Rainbow Media from Cablevision.[16]In June 2008, Rainbow acquired theSundance Channel fromNBCUniversal,CBS, andRobert Redford.[17] Rainbow Media also ownedWedding Central which was shut down the same day AMC Networks went public.[18]
On March 10, 2011, Rainbow Media's parent company, Cablevision, as approved by its board on December 16, 2010, announced that it would be spinning off all of Rainbow Media's assets into a new publicly traded company now known today as AMC Networks, which would replace and become the successor to Rainbow Media later in 2011, and, as said in 2005, making their core cable business private. Rainbow Media's former President Josh Sapan serves as the president and chief executive of the newly established AMC Networks[19] which went public on July 1, 2011.[20]
On May 4, 2012,Dish Network announced that it would no longer carry the AMC Networks family of cable channels upon the expiration of the satellite provider's distribution agreement with the company at the end of June 2012, citing that AMC Networks charged an excessive amount inretransmission consent payments from the service for their carriage and low audience viewership for the channels.[21]
AMC Networks responded to Dish Network's announcement of its pending removal of the channels as being related to a 2008breach of contract lawsuit against Dish Network by the company's formerVoom HD Networks subsidiary (under the company's previous Rainbow Media Holdings brand) (which awaited trial in the New York State Supreme Court), in which it sought more than $2.5 billion in damages against Dish Network for improperly terminating its carriage contract; Voom's high-definition channels were carried on the provider from May 1, 2005, until May 12, 2008, when Dish removed ten of Voom's fifteen channels from its lineup and the five remaining channels the following day. Dish Network stated that the lawsuit was unrelated to the decision to remove the AMC Networks channels and that it ended the carriage agreement on its own terms.[21]
On May 20, 2012, Dish Network removed Sundance Channel from its channel lineup. Two weeks later on June 4, 2012, Dish relocated AMC, WEtv, and IFC to higher channel positions with AMC being split into two separate standard definition and high definition channel feeds (AMC moved from channel 130 to channel 9609 for the SD feed and 9610 for the HD feed, WEtv moved from channel 128 to channel 9608 and IFC was moved from channel 393 to channel 9607); the former channel lineup spaces occupied by the three channels were respectively replaced withHDNet,Style andMoviePlex multiplex channel Indieplex. The move is believed to be in response to an ad run during a June 3 airing of an episode ofMad Men urging Dish Network customers to inform the company to keep the three AMC Networks channels on the satellite provider, with Dish Network stating that the relocated channel positions better reflect the channels' ratings.[22]
On July 1, 2012, Dish Network dropped AMC, We TV, and IFC from the channel line-up altogether.
On July 12, 2012, AMC said in an e-mailed statement that it would stream over the Internet the season premiere ofBreaking Bad to Dish customers.[23] "Dish subscribers can register online starting July 13 for the show, which airs on July 15. We want to give Dish customers an extra week to switch providers so they can enjoy the rest of the season."[24]
On October 21, 2012, AMC Networks announced a settlement was reached between them, Cablevision and Dish in which Dish was forced to pay up to $700 million in damages to Cablevision for damages from removing Voom owned channels off the Dish lineup back in 2008, and in return Dish signed a new agreement to bring the AMC Networks owned channels back on the Dish lineup with AMC returning October 21 and the rest on November 1.[25][26]
From 2013 to 2015, the company acquired or joined a joint venture each year. On October 28, 2013, AMC Networks announced it would acquire most ofChellomedia, sansChello Benelux, an international operator of cable networks, fromLiberty Global for around $1.04 billion.[27] On October 23, 2014, AMC confirmed it had purchased a 49.9% stake inBBC America, withBBC Studios retaining the remaining share of the network.[28] In 2015, AMC Networks, along withUpfront Ventures, Daher Capital, Northgate Ventures, invested a round of funding in the Latin YouTube network MiTú.[29][30]
In 2016, AMC Networks finalized a partnership agreement with formerBET founderRobert L. Johnson's RLJ Company. According to the agreement, AMC will use its programming and distribution clout to benefitAcorn andUMC. Additionally, the RLJ-AMC partnership will allow for greater investment in content from African-American creatives, Johnson emphasized. The agreement called for AMC to provide RLJ with a $60 million loan on a seven-year term and $5 million on a one-year term. AMC has received warrants to purchase at least 20 million shares or the equivalent of 50.1% of the company. The time frame for exercising those warrants is open-ended, AMC said.[31]
On November 15, 2016, AMC acquired a minority stake in comedy video website and film and television production companyFunny or Die, with plans to integrate it with IFC.[32]
On April 27, 2018, the company, as the owner of IFC, acquired a majority stake in comedy venue operator Levity Live.[33]
On July 30, 2018, AMC Networks reached a definitive agreement to acquireRLJ Entertainment where AMC would pay $59 million for the remaining RLJE shares not owned by AMC or Robert L. Johnson.[34] The transaction was approved by RLJ Entertainment's stockholders on October 31, and AMC Networks completed the acquisition on November 1.[35] RLJ Entertainment became a privately owned subsidiary of AMC Networks, with Johnson and his affiliates owning a 17% stake.
In 2019, AMC Networks and the New Zealand public broadcasterTVNZ entered into an agreement to jointly produceThe Dead Lands, aMāori–theme supernatural series set in pre-contact New Zealand. The series was distributed by AMC's streaming serviceShudder in the US, Canada, UK, and Ireland and byTVNZ On Demand in New Zealand.[36][37]
In early 2020, the AMC Networks involved Switzer Group to lead the redesign of its tenth-floor headquarters at 11 Penn Plaza, New York.[38]
On May 13, 2020, AMC Networks announced it was acquiring the rights toAnne Rice's major literary works, includingThe Vampire Chronicles andLives of the Mayfair Witches.[39]
In September 2020, executive chairmanCharles Dolan retired from his position, moving to a chairman emeritus role. His son,James L. Dolan, was then named chairman of AMC Networks.[40]
On February 2, 2021, AMC Networks entered into a strategic partnership with Canadian production companyShaftesbury Films. AMC made an investment in the company, thus giving them access to the latter's slate and expanding their content and development capabilities in Canada.[41]
On January 5, 2022, AMC Networks acquired Americananime company Sentai Holdings, which includes the distributorSentai Filmworks, theAnime Network, and theHIDIVEstreaming service, which came months afterSony'sFUNimation (then ajoint venture between its US-basedSony Pictures Television andSony Music Entertainment Japan'sAniplex units) acquiredCrunchyroll fromAT&T'sWarnerMedia in August 2021.[42]
On March 1, 2022, AMC Networks announced the launch of its book publishing division, AMC Networks Publishing, and then announced that it would launch several more FAST channels a month later.[43][44] Throughout late 2022, the company had rapid changes in its leadership until Kristin Dolan was appointed CEO in early 2023.[45][46][47] AMC bought the entirety of BBC America in 2024, although the BBC continues to maintain commercial ties with the channel.
In February 2025, the company reported a $269 million impairment charge on its U.S. cable networks in its fourth-quarter 2024 earnings report, citing a broader decline in their market value. The write-down affected channels includingAMC,BBC America,IFC,SundanceTV,We TV, andIFC Films. Domestic streaming revenue increased by 8%, raising the company’s total number of streaming subscribers to 12.4 million. International revenue declined by 14%, while subscription revenue fell by 5%. Adjusted earnings per share were $0.64, with total revenue down nearly 12% year-over-year to $599 million.[48]
Italic text indicates joint ventures.BritBox is an exception, as AMC only owns part of its American operations while it is a joint venture between theBBC andITV plc outside the US.
| Category | Name |
|---|---|
| Television Channels | AMC |
| BBC America | |
| IFC | |
| Sundance TV | |
| We TV | |
| Streaming Services | AMC+ |
| Acorn TV | |
| Allblk | |
| BritBox | |
| Philo | |
| Hidive | |
| Shudder | |
| Sundance Now | |
| We TV+ | |
| Other Units | Independent Film Company |
| Acorn DVD | |
| RLJE Films | |
| Sentai Studios | |
| Sentai Filmworks | |
| AMC Networks International |
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A list of AMC-brandedFAST channels available on third-party streaming platforms.
On October 28, 2013, AMC Networks announced it would acquire most of Chellomedia, an international operator of cable networks, fromLiberty Global for around $1.04 billion. The acquisition did not includeChello Benelux, owners ofFilm1 andSport1.[27] On February 2, 2014, the transaction was completed.[49] What was formerly Chellomedia is now known as AMC Networks International and will allow AMC Networks to distribute its programming worldwide.[50]
On October 23, 2014, AMC confirmed it had purchased a 49.9% stake in BBC America, withBBC Studios retaining the remaining share of the network.[28] Thejoint venture will also give AMC, which itself distributes theBBC World News channel in the United States, operational control in BBC America, which will be managed as a stand-alone from AMC's other channels.[51][52][53] AMC bought out the BBC's 50.01 stake in November 2024, although the BBC still remains connected to the channel.
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