AMC to develop new zombie series

|About: AMC Networks Inc. (AMCX)|By:, SA News Editor

AMC Networks (AMCX +1.1%) confirms it's developing a new series that arcs off The Walking Dead storyline.

The AMC show will feature different characters than the original series and the plot will take place outside of Georgia.

The plodding zombies helped AMC Networks post a 31% Y/Y jump in ad sales last quarter.