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Stock impact report

As the cable business ebbs, AMC Networks takes a new name [Yahoo! Finance]

AMC Networks Inc. - Class A (AMCX) 
Last amc networks inc. - class a earnings: 2/26 07:00 am Check Earnings Report
Company Research Source: Yahoo! Finance
In a legal filing, the New York based company announced Wednesday it will be called AMC Global Media, effective immediately. The company, which owns a suite of cable networks including AMC, We TV, SundanceTV, BBC America and IFC, said most of its domestic revenue now comes from streaming. AMC has more than 10 million paid subscribers to its services including Shudder, a platform for horror fans, and ALLBLK, which caters to Black audiences, an anime service called HIDIVE and All Reality which is devoted unscripted programming. Read more: Why a streamer beloved by fans of British TV is turning to big U.S. stars AMC's production studio distributes programming to TV networks and streaming outlets internationally. The company has also sold shows domestically to outside streaming services such as Netflix and HBO Max. “Our new name reflects the ongoing transformation of our business into a global media and studio-driven company, with streaming out front as our leading source of do Show less Read more
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