AMC Networks Earnings Rise; Lower Ratings, Absence of 'Better Call Saul' Hit U.S. Ad Revenue

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.

Raise your hand if you are getting sick and tired of these break away streaming services. This goes out to you Disney and you CBS and you HBO and you too AMC if you add a premium pay channel. And all the others.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Facebook stock rises on better-than-expected revenue and earningsFacebook is facing pressure from regulators, but the social network is still growing its huge ad business. There’s big money in posting politicians’ lies. breakupbigtech Should Facebook change its policies just because a handful of partisan political attention seekers want it to? NO. Because the traitor Zuckerberg is making money off of the Russians!!
Source: CNBC - 🏆 12. / 72 Read more »

Facebook Shares Up on Better-Than-Expected Q3 EarningsDespite regulatory headwinds, Facebook continues to grow: The social networking giant revealed better-than-expected Q3 earnings Wednesday, and detailed continued user growth for both its core app a… Facebook shares up on better-than-expected Q3 earnings. ❤️🥺😃🎃💕
Source: Variety - 🏆 108. / 63 Read more »

Imax Earnings Rise on 'Spider-Man,' Asian HitsThe giant-screen exhibitor, led by CEO Richard Gelfond, pointed to a strong mix of Hollywood and local-language Asian market movies.
Source: THR - 🏆 411. / 53 Read more »

European stocks seen lower as investors watch US-China trade, big bank earningsEuropean stocks were seen slightly lower Wednesday morning amid reports that China is reluctant to commit to U.S. President Donald Trump's demands that it make significant purchases of American agricultural products.
Source: CNBC - 🏆 12. / 72 Read more »