Welcome to our dedicated page for AMC Global Media news (Ticker: AMCX), a resource for investors and traders seeking the latest updates and insights on AMC Global Media stock.
AMC Global Media Inc. reports developments across a portfolio of targeted streaming services, cable networks, studio production and film distribution. The company’s news centers on services including AMC+, Acorn TV, Shudder, Sundance Now, ALLBLK, HIDIVE and All Reality; networks including AMC, BBC AMERICA, IFC, SundanceTV and We TV; and original franchises produced through AMC Studios.
Recurring updates include quarterly results, streaming revenue trends, distribution and affiliate agreements, new series launches and renewals, franchise licensing, partner-platform availability, and capital-structure actions such as senior secured note exchanges, indenture consents and debt redemptions.
AMC Networks will hold its Annual Meeting of Stockholders on June 16, 2021, at 10:00 a.m. EDT in person at the J.P. Morgan Club, Madison Square Garden Arena, NYC. Stockholders must obtain an admission ticket in advance and can do so until June 9, 2021. Proper identification and COVID-19 safety protocols will be enforced for attendance. Proxy voting is encouraged for stockholders unable to attend.
Record Date for voting eligibility was set for April 19, 2021. For further details, refer to the proxy materials.
AMC Networks Inc. (NASDAQ: AMCX) will have CEO Josh Sapan attend the MoffettNathanson Media & Communications Virtual Summit on May 13, 2021, starting at 9:00 a.m. ET. The event will be accessible via live webcast on AMC's investor website, with a replay available shortly after the presentation concludes. AMC Networks is renowned for its acclaimed content, operating channels like AMC and BBC AMERICA, and offering streaming services such as AMC+ and Shudder, along with its in-house studio producing award-winning series like The Walking Dead.
AMC Networks (NASDAQ: AMCX) reported Q1 2021 results with net revenues of $692 million, down 5.8% year-over-year. Operating income decreased by 1.9% to $170 million, yet diluted EPS soared by 65.6% to $2.02, indicating strong profitability amidst revenue declines. The company is on track to achieve its 2021 subscriber target of 9 million paid subscribers and has expanded its streaming services. Significant changes to segment reporting and a spin-off of Levity's businesses were also highlighted, alongside a robust free cash flow of $97 million.
AMC Networks (NASDAQ: AMCX) will host a conference call on May 7, 2021, at 8:30 a.m. ET to discuss its first quarter 2021 results. A press release detailing the results will be issued prior to market opening on the same day.
The conference call will be accessible via webcast on the AMC Networks website and participants can join by dialing 833-714-3268 with conference ID 4983104, 15 minutes before the call. A recording will be available after the call and can be accessed until May 14, 2021.
AMC Networks reported strong 2020 results, ending with over 6 million streaming subscribers, a 157% year-over-year growth. Total revenues reached $2.8 billion, with net income of $240 million ($4.64 per diluted share). Operating cash flow improved to $749 million, and free cash flow was $686 million. The company returned $354 million to shareholders through stock buybacks. However, overall revenues declined 8% from 2019, largely due to lower subscription and advertising revenues attributed to COVID-19 impacts.
AMC Networks and Omnicom Media Group have successfully executed two national linear addressable advertising campaigns for Volkswagen and another major advertiser, reaching nearly 25 million U.S. homes through Comcast and Charter systems. The campaigns showcased the efficiency of addressable advertising, achieving higher delivery and frequency than traditional methods. AMC plans to implement addressable advertising across all its platforms and enhance tracking and measurement capabilities to improve advertising effectiveness moving forward.
AMC Networks (NASDAQ: AMCX) will host a conference call on February 26, 2021, at 8:30 a.m. ET to discuss its 2020 fourth-quarter and full-year results. A press release detailing the results will be issued before the market opens.
The call will be available via webcast on the company’s website. Interested participants can also join by phone at 833-714-3268, using conference ID 5976434. A replay will be accessible from 11:30 a.m. on February 26 until March 5, 2021. AMC Networks is a global entertainment firm, renowned for its acclaimed content including popular series like The Walking Dead.
AMC Networks has announced its intent to redeem $400 million of its 4.75% Senior Notes due 2022 and $600 million of its 5.00% Senior Notes due 2024. The redemption will take place on February 26, 2021, at prices of 100% and 102.5% of the principal amounts, respectively, plus accrued interest. U.S. Bank National Association will distribute the notice of redemption to all registered holders. AMC Networks is known for its popular content and operates various brands, including AMC and BBC America. Forward-looking statements regarding future performance are included, highlighting inherent risks.
AMC Networks announced a public offering of $1 billion in 4.25% Senior Notes due 2029. The offering is expected to close on February 8, 2021. Proceeds will be used to redeem $400 million of 4.75% Senior Notes due December 2022 at 100% redemption price and $600 million of 5.00% Senior Notes due April 2024 at a 102.5% redemption price. The registration statement for the offering has been filed with the SEC, and multiple financial institutions will act as joint book-running managers.
AMC Networks has announced a proposed public offering of $500 million in Senior Notes due 2029. The proceeds will be used to redeem $400 million of the 4.75% Senior Notes due December 2022 and $100 million of the 5.00% Senior Notes due April 2024. This offering is part of a preliminary prospectus filed with the SEC. Notably, the offering will only occur through specified prospectus documents, and this announcement is not a solicitation for sales of securities.