AMC Networks' Quarterly U.S. Ad Revenue Drops 14.6 Percent Amid Pandemic

The surge in demand for streaming services since the novel coronavirus pandemic forced much of the word indoors has been a much-discussed and well-documented topic, with Netflix stock soaring and Disney having amassing more than 60 million Disney+ subscribers by the end of June. But now — at least in the U.K.

Netflix is pulling the plug on two previously renewed scripted series amid an array of issues brought on by the novel coronavirus pandemic. The second seasons of both The Society and I Am Not Okay With This have been scrapped.

Residents at an Actors Fund-owned apartment complex for low-income people with special needs are protesting a renovation project that they say will require them either to leave their homes for days or remain while workers enter their units amid a pandemic. Multiple residents at the 40-unit West Hollywood complex The Palm View Apartments have filed complaints with The Actors Fund, OPC Services, Inc.

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Andreas Wiseman International EditorAMC Networks’ horror SVOD service Shudder is extending to Australia and New Zealand.

Chrissy Teigen was pregnant with her and her husband John Legend‘s third child while undergoing breast implant removal surgery — but she had no idea at the time.The Cravings author, 34, opened up on Friday, August 14, about how she discovered her pregnancy in response to a fan who said they were “confused” by the timeline.“Oh, it’s quite a story. Lol,” Teigen tweeted.

Peter White Television EditorEXCLUSIVE: AMC Networks-owned streamer UMC has ordered a legal drama from Adam Starks (On My Block), Tracy Grant (Lincoln Heights) and Kemy Time Productions.The subscription service, dedicated to Black film and TV and a rival of ViacomCBS’ BET+, has handed Lace a six-episode order for its first season.The series will follow a prolific Los Angeles attorney who often blurs the lines between right and wrong to protect her rich and powerful clientele.It is currently

Spanish-language media giant Univision Communications, which earlier this year agreed to sell a majority stake to an investor group led by former Viacom CFO Wade Davis, reported lower second-quarter financials amid the novel coronavirus pandemic.

Jill Goldsmith Co-Business EditorAMC Networks has filed a complaint with the Federal Communications Commission accusing AT&T of penalizing the The Walking Dead broadcaster in favor of its own competing channels like HBO and TNT by insisting on “discriminatory” terms to renew its affiliation agreement.AT&T called AMC Networks’ complaint “without merit.” In a statement it said, “We treat all programmers fairly and will continue to work with AMC Networks to provide its content at a price that is

Gene Maddaus Senior Media WriterAMC Networks has filed a complaint with the Federal Communications Commission accusing AT&T of abusing its market power in order to unfairly advantage its own networks, HBO and TNT.Though much of the complaint is redacted, AMC appears to be complaining that AT&T is seeking to limit AMC’s ability to make its content available on digital platforms, such as Hulu and Amazon Prime.

Joe Otterson TV ReporterAMC is expanding its true crime slate with talent deals for four creators.Mona Chalabi, Naomi Ekperigin, Cameron Esposito, and Jena Friedman will all work with the company to develop original true crime series for its linear networks and streaming services.

Cinema giant AMC Entertainment Holdings posted second-quarter financial results on Thursday as it looks to reopen its theaters and survive the coronavirus pandemic after a debt restructuring. The extent of the COVID-19 hit taken so far by the largest U.S.

Lionsgate has swung to a first quarter profit for fiscal year 2021, as the studio's Starz premium TV platform hit 11.4 million global streaming subscribers. For the three months to June 30, Lionsgate swung to a quarterly profit attributable to shareholders at $51.1 million, against a year-earlier loss of $54 million.

U.K. TV giant ITV, led by CEO Carolyn McCall, on Thursday reported a 17 percent revenue drop for the first half of 2020, including a drop at its production unit and "the most severe decline in the history of ITV" in advertising, due to the novel coronavirus pandemic.

Discovery on Wednesday reported lower, but better-than-expected financials, including U.S. advertising revenue, for the second quarter amid the novel coronavirus pandemic, which had its first full-quarter impact in the period.

Fox Corp. on Wednesday reported a fall in quarterly earnings and overall revenues, as the owner of Fox News Channel and Fox Entertainment recorded lower advertising revenue amid the coronavirus pandemic.

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Also Read: AMC Networks' U.S. Ad Sales Drop 14.6% in Q2 With Delayed 'Walking Dead' Finale, 'World Beyond' Premiere“They actually identify with and are interested in the steady flow of material there,” Sapan continued.

Jill Goldsmith Co-Business EditorAMC Networks said it plans to restart production on the second half of Season Six of Fear The Walking Dead in Texas in late August; on new series Kevin Can F*** Himself in Boston at the end of September; and on Seasons 11 of The Walking Dead in Georgia in October. “Our ability to resume in the safest possible way is something we are closely focused on,” said CEO Josh Sapan on a conference call Tuesday.

Jill Goldsmith Co-Business EditorAMC Networks’ net income plunged to $15 million, or $0.28 a share for the second quarter, versus $129 million or $2.25 the year before, hit by hefty write downs for $130 million.Revenue dipped 16.3% to $646 million on softer advertising – down 18% in the U.S.