AMC Networks Interim CEO Touts “Beauty of Small Numbers,” Sees No Need to “Scale by Acquisition”

, the company behind the AMC, IFC and Sundance Channel networks, as well as niche streaming services like horror-centric Shudder, is in “a great position with several notable strategic advantages,” including its smaller size that allows it to benefit from the “beauty of small numbers,” interim CEO Matt Blank said on Friday.

Asked about Lionsgate’s decision to consider a separation of Starz and AMC Networks’ appetite for boosting its scale via mergers or acquisitions given its smaller size, Blank said about Starz that “we’ll see if they go anywhere.” About AMC Networks, he said: “We don’t feel that it is necessary for us to scale by acquisition in any way, shape or form.” Added the interim CEO: “The model is working ” and “sustainable.

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La source: DEADLINE - 🏆 109. / 63 Lire la suite »

AMC Entertainment Launching Retail Popcorn Business: It’s “So Natural And Logical,” Says CEO Adam AronTheatrical giant AMC Entertainment announced it’s “expanding its business outside of the traditional theatrical exhibition industry with plans to capture a piece of the growing multi-billion dollar popcorn market” interesting So stupid. This stock is going back to $2/sh ? ANC pops Orville Rs popcorn
La source: DEADLINE - 🏆 109. / 63 Lire la suite »