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AMC Networks Inc Class A AMCX Stock Quote

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Morningstar‘s Stock Analysis AMCX

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Is it the right time to buy or sell?

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5-Star Price

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Economic Moat

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Capital Allocation

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AMC+ Expansion Will Be Fueled by Further Investment Into Original Content

Neil Macker, CFA Senior Equity Analyst

Business Strategy and Outlook

| Neil Macker, CFA |

AMC Networks has transformed its flagship AMC channel from a minor cable channel showing classic movies into a premier prestige platform for original scripted content. The transformation provides the AMC with growth potential, but this growth remains contingent on AMC’s ability to source and cultivate strong original content as well as monetize programs internationally and on streaming platforms. The firm has successfully monetized programs like Better Call Saul with third-party streaming platforms but the launch of AMC+ may lower the price of future streaming rights if the rights are no longer exclusive.

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Key Statistics AMCX

Company Profile AMCX

Business Description

AMC Networks owns several cable networks, including flagship AMC, WE tv, BBC America, IFC, and SundanceTV. AMC, the most widely distributed channel, reaches more than 78 million pay-TV households in the U.S. Over the last decade, AMC shifted its focus to original scripted programming from classic movies. WE tv targets a female audience and reaches roughly 76 million households. IFC mainly shows independent films and alternative comedy series. AMC also operates a number of niche streaming platforms including Acorn (focused on British shows) and Shudder (focused on horror programming). The firm launched AMC+, a streaming platform for its own content in 2020.

Contact
11 Penn Plaza
New York, NY, 10001
T +1 212 324-8500
Industry Entertainment
Most Recent Earnings Jun 30, 2022
Fiscal Year End Dec 31, 2022
Employees 2,026

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