'Breaking Bad' Not The End Of AMC Networks' Growth Story
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AMCX vs. ETF Alternatives
AMC Networks Inc owns and operates several of cable television's recognized brands delivering high quality content to audiences and a valuable platform to distributors and advertisers.
Country: United States
Tuesday, Apr 151:34 PM
Tuesday, Apr 151:34 PM| 2 Comments
- Aereo gets its day in the Supreme Court next week as it takes on a powerful group of broadcasters (DIS, CMCSA, CBS, FOXA) and the U.S. Solicitor General's office.
- Legal experts are deeply divided on which direction the court will rule in what could be a landmark case for the media industry. Justice Ginsburg is expected to side with the broadcasters and agree that Aereo violates copyright law, while Justice Breyer is tapped to side with Aereo. The other 7 justices are considered a bit of a tossup.
- What to watch: A win by Aereo could lead to a pricing war in the pay-TV industry (CHTR, TWC, CVC, DISH, DTV) due to the low monthly fee ($8-$12/month) it charges to customers. A thriving Aereo could also prompt one of the major providers to unbundle its network packages to move to a la carte pricing. Content providers (DISCA, AMCX, VIAB, SNI, TWX, CRWN,MSG) will be watching the developments closely.
Friday, Mar 283:53 PM
Friday, Mar 283:53 PM| Comment!
- 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.
Monday, Mar 248:28 AM
Monday, Mar 248:28 AM| 6 Comments
- Shares of Comcast (CMCSA) move higher in early trading after a report breaks on advanced talks the company is having with Apple on a streaming TV service.
- Speculation on a Comcast-Apple partnership for an over-the-top video service has been blowing in the wind for quite a while with Apple needing a managed service to deliver an online TV product. Analysts think if deal talks stall, it will be over which companies retains the most control over the customer relationship with the new service.
- Sony (SNE) is the company which has made the boldest move toward an online TV service and will be watching the Apple-Comcast flirtation closely.
- The development could also have some bearing on TV networks (CBS, DIS, AMCX, TWX, FOXA, VIAB, DISCA, MSG, SNI, CRWN) which could benefit if Apple comes knocking on their doors for rights to popular channels.
- CMCSA +1.1% premarket
Thursday, Feb 277:18 AM|Thursday, Feb 277:18 AM| Comment!
Thursday, Feb 2712:05 AM|Thursday, Feb 2712:05 AM| Comment!
Wednesday, Feb 265:30 PM|Wednesday, Feb 265:30 PM| 1 Comment
Thursday, Feb 1312:48 PM
Thursday, Feb 1312:48 PM| 5 Comments
- The media industry is busy evaluating the impact of a Comcast-Time Warner Cable merger even if the DOJ clips the size of the deal a bit.
- A key word for content providers today is leverage. A larger Comcast (CMCSA), (broadband and Pay-TV) would give it additional clout in negotiating retransmission contracts with networks (CBS, FOXA, AMCX, DISCA, SNI) and studios (DIS, TWX, LGF, SNE, DWA, VIAB) for home video sales.
- The relationship between streaming firms and Comcast could get more complicated. Though studios rake in money from Netflix, if Comcast ever decides to charge its massive base of broadband subscribers on a usage basis - both Netflix (NFLX) and Hulu are in harm's way.
- Companies with future ambitions in the online TV area (think Sony) might see additional pressures from a larger Comcast. In theory, the media giant could launch a similar national service.
- Related ETFs: PBS
Wednesday, Feb 124:20 PM
Wednesday, Feb 124:20 PM| Comment!
- An impressive run of CBS shows with strong ratings is starting to pay dividends for the company as shown by its just-posted Q4 results.
- Well-received shows add to top-line results as syndication, streaming, and retransmission fees propagate.
- Keep an eye on AMC Networks (AMCX) which has also showed a deft hand at producing content with an afterlife.
Tuesday, Jan 141:50 PM
Tuesday, Jan 141:50 PM| 1 Comment
- MoffettNathanson analyst Michael Nathanson sees a tough period for some media stocks as Q4 trends showed some weakness for cable advertising.
- Companies dependent upon elevated cable ad rates could feel a pinch.
- He also notes that NBC will have the attention of TV viewers in Q1 with its extensive Winter Olympics coverage which could further pressure ratings.
- On watch: Viacom (VIAB), 21st Century Fox (FOXA), CBS (CBS), Time Warner (TWX), and AMC Networks (AMCX).
- Related ETFs: PBS
Monday, Jan 134:44 AM
Monday, Jan 134:44 AM| Comment!
- Sony's (SNE) "American Hustle" has picked up three Golden Globes, the most of any film, including Amy Adams as best actress.
- Meanwhile, Fox's (FOXA) "12 Years a Slave" won the coveted award for best drama.
- The achievements set up both films nicely for the Oscars - the nominations for which are due out on Thursday - and should help boost their box office receipts.
- "They have a lot to gain from tonight," says BoxOffice.com's Phil Contrino. "'12 Years a Slave' could easily double its domestic gross" in the U.S. and Canada.
- The awards for "American Hustle" come as Sony's film unit operates under intense scrutiny, particularly from Dan Loeb and especially after making an operating loss of $181M in FQ2.
- Comcast's (CMCSA) "Dallas Buyers Club" won two awards and AMC Networks' (AMCX) "Breaking Bad" gained another gong.
Thursday, Jan 21:12 PM
Thursday, Jan 21:12 PM| 1 Comment
- AMC (AMCX) rode hit shows Breaking Bad and The Walking Dead to a 18% gain in viewers during 2013 as the network surged past a number of networks lacking a water cooler show.
- Animal Planet (DISCA) and the Hallmark Channel (CRWN) were two other networks which saw viewership grow at a double-digit clip for the year.
- Two of the biggest losers for the year were election-deprived Fox News (FOXA), down 13%, and ABC Family (DIS) which lost 11% of its total audience from a year ago.
Thursday, Jan 210:44 AM
Thursday, Jan 210:44 AM| 3 Comments
- Saturday Night Live (CMCSA) has made its debut on Chinese video site Sohu.com (SOHU +0.5%).
- The development marks another important step in attempting to spur more Chinese audiences to watch content through legitimate channels, instead of through piracy.
- What to watch: If significant progress is continued to be made in China with copyright protection and government interference is held in check, the market for broadcasters (DIS, AMCX, VIAB, FOXA, CBS) could explode as younger viewers in China lap up quality U.S.-produced shows.
- "It's fashionable to be a fan of American culture -- they [Chinese viewers] feel dignified, a person with class," notes Sohu.com CEO Charles Zhang on the trend.
Friday, Dec 272013, 2:21 PM
Friday, Dec 272013, 2:21 PM| 1 Comment
- Pay-TV operators and broadcasters are playing nicely together this December without the usual late drama heading into year-end contract expirations.
- A deal between frequent combatants Viacom and Time Warner Cable was announced a surprising seven days before a potential blackout date and is indicative of the calm atmosphere.
- Analysts think the Time Warner Cable-CBS battle over the summer might have shown the painful impact of holding consumers hostages in carriage fee negotiations. If they are right, cable and satellite companies (CHTR, TWC, CVC, DISH, DTV) might have lost some leverage in future negotiations to the broadcasters (FOXA, DIS, CBS, CMCSA, TWX, AMCX, VIAB).
Thursday, Dec 192013, 9:11 AM
Thursday, Dec 192013, 9:11 AM| Comment!
- Consolidation in the media industry will involve more than just deals between heavyweights such as Time Warner Cable, Charter Communication, Cox, and Comcast, according to analysis from MoffettNathanson.
- Due to the negotiating leverage of broadcast networks and sports rights owners, the investment firm sees subscale content owners combining forces in the sector.
- On watch: Discovery Communications (DISCA), Scripps Network Interactive (SNI), AMC Networks (AMCX), Starz (STRZA), Madison Square Garden (MSG).
- Related ETFs: PBS
Tuesday, Dec 172013, 3:38 PM
Tuesday, Dec 172013, 3:38 PM| 4 Comments
- The NPD Group is out with the SVOD Report which looks at streaming activity between January and October of this year.
- The top movies streamed were The Hunger Games (LGF), The Avengers (DIS) and The Lorax (CMCSA) which are all movies aimed at younger audiences. The rankings go a long way toward explaining the tent-pole strategy of major studios.
- Data on TV streaming showed the most activity was for Breaking Bad (AMCX), How I Met Your Mother (CBS), and AMC's The Walking Dead.
- Netflix (NFLX) doesn't like to share ratings information, but NPD has the back of investors. Its data shows 11% of all Netflix users streamed Arrested Development at least once during the six weeks following its release. The mark was lower for House of Cards (5%) and Hemlock Grove (4%), although the penetration rates compare favorably to the broadcast world.
- SVOD share of the total home video market rose to over 25% during the year.
Friday, Dec 132013, 12:55 PM
Friday, Dec 132013, 12:55 PM| 4 Comments
- New polling from Harris Interactive confirms that consumers streaming video content prefer the practice of binge viewing.
- The news isn't a shocker to Netflix (NFLX -0.2%) and Amazon (AMZN +1.3%) which have been pointing toward their own viewing data for quite a while.
- Redbox Instant (VZ, OUTR) could be the next streaming service to bring on TV shows for binge viewing, according to media buzz.
- The read-through for broadcasters (CBS, AMCX, FOXA, DIS, CMCSA) is mixed. Advertising rates could suffer if more viewers are willing to wait until series are available for streaming, but the payoffs for quality content are getting higher and higher. Just this week, CBS CEO Les Moonves tipped off that Amazon paid $700K per episode for streaming rights to Under the Dome - while AMC Networks knows full well that without Netflix hit show Breaking Bad would have broken down.