Profile: AMC Networks Inc (AMCX.O)
27 Mar 2015
AMC Networks Inc. (AMC Networks), incorporated on March 9, 2011, is a holding company that conducts substantially all of its operations through its subsidiaries. AMC Networks owns and operates several of cable television's brands delivering content to audiences. AMC Networks operates in two segments: National Networks, which includes AMC, WE tv, IFC and Sundance Channel, and International and Other, which includes AMC/Sundance Channel Global, its international programming business; IFC Films, its independent film distribution business, and AMC Networks Broadcasting & Technology, its network technical services business. The Company's National Networks are distributed throughout the United States through cable and other multichannel video programming distribution platforms, including direct broadcast satellite (DBS) and platforms operated by telecommunications providers. In addition to the Company's the United States distribution, AMC, IFC and Sundance Channel are available in Canada. Sundance Channel is also distributed in Europe, Asia and Latin America and WE tv is distributed in Asia.
AMC Networks owns four nationally distributed entertainment programming networks: AMC, WE tv, IFC and Sundance Channel, which are available to its distributors in high-definition (HD) and/or standard-definition formats. The Company's programming networks principally generate their revenues from the distribution of programming and the sale of advertising. Affiliation fees paid by multichannel video programming distributors represent the largest component of distribution revenue, which also includes the licensing of original programming for digital, foreign and home video distribution. AMC is a television network dedicated to the storytelling, whether commemorating favorite films or creating original programming. As of December 31, 2013, AMC had affiliation agreements with all major U.S. multichannel video programming distributors and reached approximately 97 million Nielsen subscribers, respectively, and Sundance Channel had 22 million viewing subscribers.
In addition to presenting feature films from its movie library, AMC features original programming that includes dramatic series, such as Mad Men, Breaking Bad, The Killing, Hell on Wheels and The Walking Dead. In addition, the network has introduced unscripted programming, including Talking Dead, Comic Book Men, The Pitch and Small Town Security. AMC's film library consists of films that are licensed from studios, such as Twentieth Century Fox, Warner Bros., Sony, MGM, NBC Universal, Paramount and Buena Vista under long-term contracts. AMC generally structures its contracts for the cable television rights to air the films during identified window periods. As of December 31, 2013, AMC had affiliation agreements with all major U.S. multichannel video programming distributors and reached approximately 97 million Nielsen subscribers.
WE tv is a women's network that features original stories for and about modern women who are taking charge of their life, their family and their household. WE tv's original series include Braxton Family Values, Tamar & Vince, Mary, Joan & Melissa: Joan Knows Best? and My Fair Wedding with David Tutera, among others. As of December 31, 2013, WE tv had affiliation agreements with all major U.S. multichannel video distributors and reached approximately 84 million Nielsen subscribers.
IFC creates original comedies that are in keeping with the network's Always On. Slightly Off brand and which air alongside a collection of films and comedic cult television shows. The network's original content includes the comedy series Portlandia, created by and starring Fred Armisen and Carrie Brownstein, and executive produced by Saturday Night Live's Lorne Michaels. Other IFC originals include Comedy Bang! Bang!, Maron, The Birthday Boys and The Spoils of Babylon IFC's programming also includes films from various film distributors, including Fox, Miramax, Sony, Lionsgate, Universal, Paramount and Warner Bros. As of December 31, 2013, IFC had affiliation agreements with all major U.S. multichannel video distributors and reached approximately 70 million Nielsen subscribers.
SundanceTV also has a slate of original unscripted series. As of December 31, 2013, SundanceTV had affiliation agreements with all major U.S. multichannel video programming distributors and reached approximately 56 million Nielsen subscribers.
International and Other
International and Other segment includes the operations of AMC/Sundance Channel Global, IFC Films, and AMC Networks Broadcasting & Technology. Its International and Other segment includes VOOM HD Holdings LLC. AMC/Sundance Channel Global's business principally consists of nine distinct channels distributed in 16 languages spread across 40 countries, focusing primarily on AMC in Canada and globally on versions of Sundance Channel and WE tv brands. Sundance Channel provides independent film and also features certain content from AMC, IFC, Sundance Channel and IFC Films serves as a pipeline of international content, in an effort to provide distinctive programming to an upscale audience. AMC Networks provides programming to the Canadian market through its AMC and Sundance Channel brands. Providing programming in four languages (Korean, Mandarin, Malay and Thai), WE tv Asia provides a selection of the domestic programming from the WE tv the United States network with programs like Bridezillas and My Fair Wedding with David Tutera, and some of the programming from networks in the United States, such as Tabatha's Salon Takeover and Tori & Dean.
With the same broad satellite footprint as Sundance Channel-International, WE tv Asia is available in outh Korea, Malaysia, Taiwan, Singapore and Thailand. IFC Films, the Company's independent film distribution business, makes independent films available to a worldwide audience. IFC Films operates three distribution labels: Sundance Selects, IFC Films and IFC Midnight. IFC Films has a film library consists of more than 500 titles. IFC Films also operates IFC Center and the DOC NYC Film Festival. IFC Center is an independent movie theater located in New York City's Greenwich Village. DOC NYC is an annual festival also located in New York City celebrating documentary storytelling in film, photography, prose and other media. AMC Networks Broadcasting & Technology is a full-service network programming feed origination and distribution company, which primarily services the programming networks of AMC Networks. AMC Networks Broadcasting & Technology's operations are located in Bethpage, New York, where AMC Networks Broadcasting & Technology consolidates origination and satellite communications functions in a 60,000 square-foot facility designed to keep AMC Networks at the forefront of network origination and distribution technology.
AMC Networks Inc
11 Penn Plz
NEW YORK NY 10001-2006
Company Web Links
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- UPDATE 1-AMC Networks profit beats estimates as global revenue rises