Demand For ‘Walking Dead’ Fuels Growth In AMC 1Q Profit

Demand 'Walking Dead' Fuels Growth AMC

AMC Networks, riding a surge of interest in the scripted dramas it shows on its flagship AMC cable network, said net income in the first quarter rose 16.1% due to the popularity of such programs as the apocalyptic zombie serial “The Walking Dead.”

The owner of AMC, IFC, We and Sundance Channel, said net income rose to $71.4 million, or 98 cents per share, compared with $61.5 million, or 85 cents per share, a year earlier.

Revenue rose 37.3% to $524.5 million, compared with nearly $382 million in the year-earlier quarter.

At the company’s U.S. networks, revenue rose 20.7% to $449 million, compared with $371.6 million in the year-earlier period. The company said revenue growth in the segment was driven largely by a 26.8% increase in ad revenue, due primarily for demand for original programming at AMC. The most recent cycle of “The Walking Dead,” which generated chatter for portraying one child murdering another, began in the first quarter.

The company’s revenue from overseas operations also increased, largely due to its acquisition of programming unit Chellomedia.

Filed Under:

Want to read more articles like this one? SUBSCRIBE TO VARIETY TODAY.
Post A Comment 1

Leave a Reply

1 Comment

Comments are moderated. They may be edited for clarity and reprinting in whole or in part in Variety publications.

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

  1. lboogie81 says:

    Reblogged this on The Student Becomes The Teacher and commented:
    Looks like “The Walking Dead” resurrected AMC Networks’ popularity!

More TV News from Variety