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…
), is already in the black. It touts itself as the No. 1 North American purveyor of streamed British and international shows., the first straight-to-series commission about a Scotland Yard detective team, is currently Acorn’s top draw, according to company data. Another popular title is, which stars Martin Clunes in a drama about a series of crimes in London in 2004. ITV is a producer, with Acorn taking exclusive rights in North and South America.
The streaming strategy began to take shape after AMC Networks took a minority stake in Acorn’s parent, RLJ Entertainment, in the fall of 2016. It went on to gain a controlling 80%. The company will report its quarterly earnings on Wednesday and while executives have touted modest overall subscriber gains in recent quarters, streaming is certainly part of the reason for that uptick.
Even as it looks to control more of its destiny, AMC Networks is still doing business with the major streaming services. At its Penn Plaza headquarters, there is a distinct lack of the kind of rhetoric coming out of traditional media peers like Disney, WarnerMedia and NBCUniversal about vows to reclaim their originals and the supposed shortcomings of established platforms.
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