AMC Numbers – Shares Fall Despite Shows’ Strong Performance
By | November 8, 2013
With AMC drawing record ratings for “The Walking Dead” and critical acclaim for its just-wrapped “Breaking Bad,” the question top of mind is can it keep the momentum going—especially given everyone else’s recent push into scripted shows. AMC Networks CEO Josh Sapan said during Thurs’ earnings call that he sees a significant and increased appetite for scripted drama across the networks. But all that programming costs money, and increased expenses in 3Q offset gains from AMC’s popular programming. More on the company’s financials here.
More top stories in today’s CableFAX Daily:
With Scripps’ Travel Channel seeing the departure of Laureen Ong last month after more than 3 years as pres, Scripps Networks pres Burton Jablin shed some light on the leadership change at the company’s 3Q earnings call Thurs.
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Sony said 11 digital entertainment apps will be available on the Playstation 4 at launch next week.
