AMC Networks Sees Its Genre-Oriented Streaming Strategy Turning Profit By End Of 2020

Exclusive: AMC Networks, whose streaming past was marked by Netflix deals that helped build cornerstone shows like Breaking Bad, has been charting its streaming future with four increasingly viable direct-to-consumer streaming services.

None of the outlets is a mass-audience juggernaut, but that’s never been the plan. As a portfolio they have grown steadily and offer the company more options for how to connect with consumers, some of whom are cutting and shaving the cord. Executives tell Deadline the four services combined will have north of 2 million subscribers by the end of 2019 and are on track to achieve profitability by the end of 2020. That’s a meaningful development for a company navigating a dramatically transforming pay-tv ecosystem.

“We’ve been moving increasingly into direct-to-consumer streaming. But we see our businesses as complementary with the major streaming services and not as a replacement for them,” COO Ed Carroll told Deadline in an interview.
See full article at Deadline »

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