AMC Networks Q3 revenues disappoint
AMC Networks has released its Q3 2016 financial report, showing revenues holding relatively flat at US$635 million compared to the third quarter of 2015, but falling short of Wall Street expectations of $657 million. Operating income was $117 million, a decrease of 26.5%, or $42 million, versus the prior year period.
The company cites higher programming expenses for much of the losses. That included a $19 million write-down of programming assets this year, compared to a charge of $12 million in 2015. Operating income also reflected an increase in restructuring expense.
Looking ahead, AMC recently debuted the seventh season of its scripted hit The Walking Dead, with an opening episode that drew 20 million viewers. The series continues to be the most-watched program on television among viewers 19-to-49 years old. Earlier this year, the media co. ordered a doc series about comic books from the creator of The Walking Dead. Heroes and Villains: The History of Comic Books (working title) is being produced by Skybound Entertainment and is expected to debut on the U.S. cable network in 2017.
Sky launches flagship channel in Germany, Austria
European pay-TV operator Sky has rolled out its flagship entertainment channel Sky 1 to customers across Germany and Austria.
The channel will be made available to all Sky customers in the two regions, both through linear and on demand viewing via Sky Go, Sky On Demand and Sky Ticket. Included in the launch are Sky Atlantic HD, Sky Arts HD, the Sky Kids app and a vast library of on demand content.
Non-fiction programs airing across the network include culinary series MasterChef and BAFTA-winning docuseries Dogs Might Fly (pictured).
The Story of My Life expands to Brazil
Brazilian broadcaster SBT has secured Talpa Media’s social experiment The Story of My Life, marking the fifth network to acquire the series since its launch at MIPCOM in Cannes last month.
The talk show-makeover hybrid series is slated to feature celebrity couples as they embark on a time travel journey into the future. Professional make-up artists will age each couple 25 and 50 years to determine what they think and how they will react to seeing their loved one age.