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

  • 📰 THR
  • ⏱ Reading Time:
  • 22 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 53%

United States News News

United States United States Latest News,United States United States Headlines

Former Showtime Networks chief Matt Blank spoke during the company's third-quarter earnings conference call.

, 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.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 411. in US

United States United States Latest News, United States United States Headlines

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

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
Source: DEADLINE - 🏆 109. / 63 Read more »

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
Source: DEADLINE - 🏆 109. / 63 Read more »