AMCX Says Its Own VOD Strategy Is 'Heretical,' but That's Cool

Execs defend Chellomedia purchase after downgrade

AMC Networks delivered lower-than-expected earnings on Thursday, announcing that it wouldn't be discussing the Chellomedia purchase in much detail on the call (the company agreed to buy the international TV distribution company from Liberty Global last week). But advertising for the quarter was up by more than a third (36.3 percent) to some $146 million, and distribution revenue saw an 11.4 percent bump to $221 million.

Ed Carroll, the company's COO, said the networks could look forward to increased revenues along both lines because of high-visibility contracts negotiated for the networks other than AMC proper: "As a consequence of recent MVPD deals, we've enjoyed universe growth, particularly on Sundance, WE and IFC," Carroll said.

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