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AMC Networks Tops 6 Million Streaming Subs, U.S. Ad Sales Drop 6% in Final 2020 Quarter
Still, the Josh Sapan-led company beat Wall Street’s earnings and revenue estimatesJennifer Maas | February 26, 2021 @ 4:14 AM Last Updated: February 26, 2021 @ 7:09 AM
AMC Networks topped 6 million streaming subscribers across its subscription video on demand platforms last December, hitting its projection of reaching more than 4 million by the end of 2020, the company revealed while reporting its fourth-quarter and full-year earnings Friday.
That subscriber growth, which is up 157% from 2019, counts customers across AMC Networks’ AMC+ (which launched last June on Comcast’s Xfinity X1 and Xfinity Flex and has since expanded to Dish, Sling TV, Apple TV and Amazon’s Prime Video), Acorn TV, Shudder, Sundance Now and ALLBLK.