AMC Networks’ Targeted SVOD Services Pass 2 Million Total Subscribers
December 10 2019 - 8:30AM
AMC Networks (NASDAQ: AMCX) today announced that its four targeted
subscription video on demand services – Acorn TV, Shudder, Sundance
Now, and UMC (Urban Movie Channel) – now exceed two million
subscribers, marking a major new milestone and achieving a year-end
target for the company.
AMC Networks’ targeted SVOD services offer curated content
destinations that provide unique viewership experiences for
distinct audiences. They include: Acorn TV,
specializing in world-class mysteries and drama from Britain and
beyond; Shudder, super serving fans of horror and
suspense; Sundance Now, featuring mysteries,
dramas and true crime; and UMC, the first
streaming destination dedicated to black audiences.
“AMC Networks continues to lead in the targeted SVOD category.
We are building loyal and engaged fan communities around our
growing services and our momentum affirms our strategy of super
serving distinct premium audiences,” said Josh Sapan, AMC Networks
President and CEO. “From a financial perspective, our offerings are
efficient and attractive, with a large addressable market. We spend
much less on programming and marketing than the general
entertainment streaming services, and we are able to achieve scale
at much lower subscriber levels. As a result, our subscribers have
very attractive long-term values.”
Sapan added: “As the market for this category evolves, consumers
are increasingly complementing their general entertainment
subscriptions with our services, which are becoming ‘must-have’
destinations for each of our target audiences.”
AMC Networks’ premium SVOD services are consistently recognized
as being among the best streaming offerings for consumers by
leading critics and publications. Recent accolades include The New
York Times naming Acorn TV’s Manhunt, and Sundance Now’s
Emmy-winning State of the Union and Unspeakable, as among the Best
International Shows of 2019; and New York Magazine naming
Shudder’s One Cut of the Dead as a Best Movie of 2019. Shudder’s
original series Creepshow, which premiered in September, set
records for viewership, subscriber acquisition and total minutes
streamed and has been renewed for a second season. UMC continues to
stand out with a broad mix of original series, classic sitcoms, and
feature films, including Daytime Emmy-nominated series Bronx SIU
and the LisaRaye McCoy- and Duane Martin-led classic UPN sitcom All
of Us.
About AMC NetworksKnown for its groundbreaking
and celebrated original content, AMC Networks is the company behind
the award-winning brands AMC, BBC AMERICA, IFC, SundanceTV, WE tv,
and IFC Films and is a leader in targeted subscription video on
demand services, with offerings including Acorn TV, Shudder,
Sundance Now and UMC (Urban Movie Channel) super serving distinct
premium audiences. The Company’s diverse line-up of popular,
critically-acclaimed and award-winning series and independent films
include Killing Eve, Better Call Saul, and The
Walking Dead, which has been the #1 show on cable television
for 10 consecutive years, as well Portlandia, Brockmire, Love
After Lockup, landmark natural history series from the BBC,
and the films Boyhood, Death of Stalin, and many more.
Its original series Mad Men and Breaking
Bad are widely recognized as being among the most influential
and acclaimed shows in the history of TV. The Company also operates
AMC Studios, its production business; AMC Networks International,
its international programming business; and Levity Entertainment
Group, the Company’s production services and comedy venues
business. For more information,
visit http://www.amcnetworks.com.
Contacts:
Investor RelationsSeth
Zaslow646-273-3766seth.zaslow@amcnetworks.com
Corporate CommunicationsGeorgia
Juvelis917-542-6390Georgia.juvelis@amcnetworks.com
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