AMC Networks acquires full control of BBC America for $49 million
AMC Networks has bought out its partner for the cable channel BBC America.
AMC Networks ($AMCX) is an American pay TV programmer based in New York City. The company operates AMC, IFC, We TV, Sundance TV and BBC America and is licensed to distribute BBC World News to cable and satellite companies throughout the United States.
AMC Networks has bought out its partner for the cable channel BBC America.
After a test run with Warner Bros Discovery-owned Max last year, AMC Networks is ramping up their content distribution partnerships with other brands.
The broadcaster is looking at a universal service fee to generate domestic revenue as it projects a further increase to its operating deficit.
AMC Networks has chosen Comcast Technology Solutions to serve as its distribution partner for its linear channels and VOD content.
The agreement, not unlike other Charter deals over the past year, includes streaming access to AMC Plus.
AMC Networks says its long-time general counsel Jamie Gallagher will be leaving the company.
Budget-friendly streaming pay television service Philo has integrated AMC Plus into its core programming package.
Executives are pleased by the sudden interest in peer bundling and low-cost cable TV packages, which fit nicely with AMC’s content and distribution strategies.
Four other channels from AMC Networks are also launching on Philo this week.
The launch of BBC News on free streaming platforms in the U.S. comes as BBC Studios seeks additional global revenue opportunities.