The Walking Dead franchise is “in the early stages of life” and “has many opportunities for growth,” AMC Networks CEO Josh Sapan asserted during a conference call with Wall …
The company has made moves to back up Sapan’s assertion, such as revealing this month at Comic-Conof the zombie horde, teaming with Universal Pictures. Despite the potential of those new horizons, the company delivered a mixed second-quarter financial report, and investors reacted Wednesday by sending AMC shares down 5% in early trading. They have slipped 8% in 2019 to date and have mostly stayed in a range between $50 and $60 a share over the past three years.
One line on the income statement that proved unsettling was an 11% drop in advertising revenue to $219 million. The company chalked that up to the timing of when original programming aired, as well as lower delivery, partially offset by higher pricing. Distribution revenue inched up 1% to $385 million, a gain the company credited to increased content licensing revenue., and noted that the Emmy-nominated BBC America seriesfilm, which is the start of a planned series of films centered on protagonist Rick Grimes, he declined to get specific.
In the earnings release and throughout the call, AMC Networks emphasized the emergence of the company’s four targeted direct-to-consumer streaming services, Shudder, Acorn TV, UMC and Sundance Now. As Deadlineon Monday, the four services are expected to reach 2 million subscribers as a portfolio by the end of 2019 and will be profitable as a group by the end of 2020. By 2024, Sapan said, the four should reach 5 million-7 million subscribers and bring in about $500 million in revenue.
“As we continue to remain focused on creating sought-after premium content – which propels our entire enterprise – we believe direct-to-consumer, along with owning more of our intellectual property and expanding our studio, represent significant growth areas for us,” Sapan said in the earnings release.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
New Trailer For Untitled ‘Walking Dead’ Series Teases New World In AMC FranchiseThe Walking Dead universe is expanding in ways that we don’t know. In a new teaser trailer for the yet-to-be-titled third series for the AMC franchise, fresh faces say there have been things …
Baca lebih lajut »
'The Walking Dead': All the Details (So Far) About AMC's Third ShowThe drama about the first generation to come of age in the apocalypse will debut in spring 2020.
Baca lebih lajut »
Here's Your First Look at Upcoming Teen-Centric 'Walking Dead' SpinoffSome of these visuals look VERY creepy – are you in for more TheWalkingDead? (via toofab)
Baca lebih lajut »
Judge's Ruling Means Trans People Don't Need Birth Certificates To Pee In Peace In North CarolinaThe 'bathroom bill'—banning transgender people from using any state-owned or operated public bathroom or facility that did not match the gender marker on their birth certificate—is now dead:
Baca lebih lajut »
At least 52 dead in Brazil prison riotRIO DE JANEIRO (AP) — Authorities say at least 52 prisoners have been killed by other inmates during a riot at a prison in northern Brazil. Para state prison officials say 16 of the victims...
Baca lebih lajut »
5 dead, 2 injured in residential shootings in WisconsinAuthorities in northwestern Wisconsin say shootings at two homes have left five people dead, including the suspected shooter, and two others injured
Baca lebih lajut »