AMC Networks Expects 9 Million Streaming Subscribers by End of 2021 in Good News for Niche Streamers
AMC Networks reported strong financial results and gains for its various streaming services in the company’s Q2 2021 earnings report on Friday.
The company, which operates streaming services such as Acorn TV, AMC+, Allblk, and Shudder, among others, reported revenue of $771.39 billion, around a 19 percent increase from the company’s Q2 2020 revenue. AMC Networks’ Q2 revenue handily beat Wall Street’s expectations of $687.37 billion, per data from Yahoo Finance, and sent its stock up 6.42 percent at press time.
AMC Networks also offered an optimistic outlook for its various streaming services and stated that it expects to have at least 9 million paid streaming subscribers across its streaming platforms; its longer-term goal is to have between 20 million and 25 million paid streaming subscribers by 2025.
“For our subscribers, our targeted services represent reliable destinations for the kind of content that they identify with, whether that’s character-driven dramas that define the AMC brand on...
The company, which operates streaming services such as Acorn TV, AMC+, Allblk, and Shudder, among others, reported revenue of $771.39 billion, around a 19 percent increase from the company’s Q2 2020 revenue. AMC Networks’ Q2 revenue handily beat Wall Street’s expectations of $687.37 billion, per data from Yahoo Finance, and sent its stock up 6.42 percent at press time.
AMC Networks also offered an optimistic outlook for its various streaming services and stated that it expects to have at least 9 million paid streaming subscribers across its streaming platforms; its longer-term goal is to have between 20 million and 25 million paid streaming subscribers by 2025.
“For our subscribers, our targeted services represent reliable destinations for the kind of content that they identify with, whether that’s character-driven dramas that define the AMC brand on...
- 8/6/2021
- by Tyler Hersko
- Indiewire
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