AMC Q2 boosted by BBC America
August 7, 2015
AMC Networks, the American entertainment company, has reported financial results for the second quarter ended June 30th 2015.
“AMC Networks had a strong second quarter, with double digit growth in revenues, AOCF and operating income driven by our continued focus on investing in high-quality programming,” said Josh Sapan, President and Chief Executive Officer of AMC Networks.
“In addition to maintaining our core content strategy, we have become more of an owner of content; we have closely aligned ourselves with a premier producer of content through our BBC America joint venture; and we have expanded our global distribution footprint to include 140 countries and territories. This strategic approach has enabled us to diversify our sources of revenue and has set us up well for an increasingly digital future, one in which consumers exercise more choice and control over every minute of television they watch. We believe this strategy will continue to allow us to create value for our shareholders in the near, mid and long term.”
Second quarter net revenues increased 15.1 per cent, or $79 million, to $601 million over the second quarter of 2014, led by 22.8 per cent growth at National Networks which was partially offset by a decrease of $12 million at International and Other.
AMC will launch its first branded channel in the UK, exculsive to BT TV, next month.