AMC Networks Sees Streaming Growth, Advertising Declines in Q1

In case you were wondering, Tom Girardi has the seal of approval not only from his wife of two decades, Erika Girardi, but also from some of the ladies in The Real Housewives of Beverly Hills crew.

By Peter White

By Denise Petski

By Joe Otterson

By Joe Otterson

Warner Music Group posted a $74 million net loss on revenues of $1.071 billion for the three-month period ended March 31, versus a net income of $67 million on $1.09 billion in corresponding year-earlier quarter.

By Joe Otterson

The Warner Music Group posted a $74 million net loss on revenues of $1.071 billion for the three-month period ended March 31, versus a net income of $67 million on $1.09 billion in corresponding year-earlier quarter.

After three years of vacillation, the children’s music genre was on track to post its third consecutive market-share gain in 2020, for the measurement period of Jan. 3 to April 2, with its largest percentage increase in five years: 1.39% in combined sales and streaming. On April 9, however, Billboard and Nielsen.

Investors eyeing media stocks battered during the coronavirus pandemic from a TV ad recession and cord-cutting should tune into the streaming opportunities of TV networks for potential earnings growth, Morgan Stanley analyst Benjamin Swinburne argued Tuesday.

AMC Networks, the cable networks company that operates AMC, IFC, WE tv, BBC America and SundanceTV, on Tuesday reported lower first-quarter earnings, saying U.S. advertising revenue fell nearly 11 percent in the period, which was affected by the novel coronavirus pandemic in its final weeks, with the second quarter set to see a 30 percent drop.

By Jill Goldsmith

By Jill Goldsmith

By Dade Hayes

By Jem Aswad

By David Robb

By Chris Willman

By Dade Hayes

By Dade Hayes

By Brian Steinberg