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.
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