AMC Networks hit 9.5 million streaming subs for the first quarter of 2022, up from just over 9 million sequentially and in a newly antsy streaming world recommitted to its long-term goal of 20-25 m…
. We met or exceeded all our guidance metrics, delivering the highest revenue in our company’s history and full-year U.S. advertising and subscription growth reinforcing the strength of our core business.”Norman Reedus On Melissa McBride's 'Walking Dead' Exit: "She Wanted To Take Some Time Off"
The sub numbers is “a significant milestone,” he said “Driven by the strength of our streaming brands and the depth of content within each of our offerings, and with our acquisition of global anime content distributor Sentai and the HIDIVE anime streaming. service, we deepened our position as the global leader in targeted streaming.” AMC bucket of niche streaming services from indie fare to horror does not aim to compete with larger rivals.
He said 2022 “will be the biggest year for original content in our history, including the highly-anticipated returns of . We have great confidence in our unique streaming model and we’re more confident than ever that we’re pursuing the right strategy for our company, for the audiences we serve, and for our shareholders.”
AMC reaffirmed financial guidance of low single-digital revenue growth and a 10% drop in operating income from 2021 on higher content and marketing spend for free cash flow of $100 million.The Walking Dead
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