AMC Networks CEO Kristin Dolan Says Company Is “Well-Positioned” For WGA Strike, Has “No Real Concerns” About Labor Fight

Speaking on the company’s first-quarter earnings call, Dolan said AMC Networks is in good shape “through this year and into next year, so we have no real concerns about the writers strike at this point.”

Guild members officially began striking a week ago and early indications are that the labor impasse could last for months. The impact has been spreading across the TV landscape, with late-night shows going dark and other productions gradually being disrupted. Media CEOs have been in the spotlight during quarterly earnings season, with Paramount’s Bob Bakish and Warner Bros Discovery’s David Zaslav generating headlines with their respective takes.

Streaming, specifically the niche focus of the company’s portfolio and outlets like Shudder and AcornTV, has been an increasingly important strategic objective. The company shed 300,000 subscribers in the quarter, settling at 11.5 million. It has previously set a target of 20 million to 25 million streaming subscribers by 2025, indicating that streaming will soon overtake traditional linear TV as a revenue source.

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

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

After AMC Networks Posts Strong Q1 Numbers, Recently Installed CEO Kristin Dolan Says Her “Clear And Actionable Perspective” Will Help Get Company On TrackAMC Networks posted first-quarter earnings well ahead of Wall Street estimates, boosting shares in pre-market trading. The parent company of cable networks AMC and IFC and streaming services AcornT…
Source: DEADLINE - 🏆 109. / 63 Read more »

Stocks making the biggest premarket moves: PacWest, Berkshire Hathaway, American Airlines, AMC and moreThese are the stocks posting the largest moves in the premarket.
Source: CNBC - 🏆 12. / 72 Read more »