EXCLUSIVE: “I try to think big!’ says Tura Satana’s Varla in Russ Meyer’s cult classic Faster Pussycat, Kill! Kill! and that’s exactly what Norman Reedus and AMC Studios plan to do, literally.
07.05.2021 - 15:11 / deadline.com
AMC Networks reported a 6% downturn in revenue during the first quarter due to a slump in advertising and content licensing, but earnings per share beat Wall Street forecasts.
Total revenue of $691.7 million fell from $734.4 million in the year-earlier period, missing analysts’ consensus estimate of $722.3 million.
Earnings per share, though, topped the Street at $2.02, or $2.98 on an adjusted basis. Analysts on average were expecting $1.87
A dropoff in advertising hurt the results, with ad
EXCLUSIVE: “I try to think big!’ says Tura Satana’s Varla in Russ Meyer’s cult classic Faster Pussycat, Kill! Kill! and that’s exactly what Norman Reedus and AMC Studios plan to do, literally.
EXCLUSIVE: AMC Networks is bringing together its international programming group across its linear cable networks and streaming services in a bid to find its next global hit.
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Brian Steinberg Senior TV EditorAMC Networks said first quarter profit rose even as it navigated declines in revenue and operating income in the midst of a challenging environment.The New York owner of the AMC, IFC and Sundance cable networks said net income came to $87 million, or $2.02 per share, compared with $68.7 million, or $1.22 per share in the year-earlier period.
ViacomCBS exceeded Wall Street earnings expectations in the first quarter, paced by the addition of 6 million global streaming subscribers.
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AMC Networks president and CEO Josh Sapan received compensation worth $11.8 million in 2020, compared with $20.2 million in 2019. In 2018, Sapan had made $20.6 million, following $29.6 million in 2017, $30.5 million in 2016,$17.7 million in 2015 and $40.3 million in 2014, when he benefited from an amended and restated employment agreement that included a onetime special equity retention award.
Josh Sapan, CEO of AMC Networks, saw his total compensation last year dip to $11.8 million from $20.2 million the year before.
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Heather Stewart, a hugely respected film British Film Institute veteran who has helped transform the BFI National Archive into a world-leading film preservation facility, is to step down from her current role as creative director after 30 years at the organization.
less than forecasts foresaw, so there’s also that.Wall Street had forecast a loss of 26 cents per share on $39.05 million in revenue, according to a consensus of media analysts as compiled by Yahoo Finance. Imax actually reported a loss of 25 cents per share (or -$14.8 million overall) on $38.8 million in revenue.Imax’s global box-office take for the quarter was $110 million, its first year-over-year quarterly box office growth of the pandemic period, thanks to rebounding business in Asia.
Apple posted a 54% gain in total revenue in its fiscal second quarter, reflecting the tech giant’s bounceback from the worst of Covid-19, which hit results in the same period in 2020.
Todd Spangler NY Digital EditorYouTube powered up advertising revenue to a whopping $6 billion in the first quarter of 2021, up 49% from the year-earlier period.
Hasbro’s thriving analog and digital games business helped its first-quarter profit beat Wall Street expectations, but Covid-19-related struggles in film and TV resulted in only a 1% uptick in revenue.
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