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AMC Networks chair says content monetization needs industry sea change

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  • Feb 17, 2023
  • #Streamingmedia
Bevin Fletcher
@Bevin_Fletcher
(Author)
www.fiercevideo.com
Read on www.fiercevideo.com
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AMC Networks saw revenue climb in the fourth quarter alongside growth of 700,000 streaming subscribers domestically, but chairman James Dolan reiterated views that content monetizat... Show More

AMC Networks saw revenue climb in the fourth quarter alongside growth of 700,000 streaming subscribers domestically, but chairman James Dolan reiterated views that content monetization mechanisms aren’t working and change is needed.

The Q4 gains brings AMC’s paid streaming count to 11.8 million, up from the 11.1 million it posted at the end of Q3 2022. For the full year 2022 total streaming revenue was up 35% to $502 million. For the fourth quarter domestic streaming revenue grew 41% in the period, while affiliate revenues declined 7.5%. Overall AMC net revenues climbed to $965 million, up 20% over Q4 2021.

AMC Networks has its namesake AMC+ streaming service as well as Acorn TV and Shudder, along with brands AMC, IFC and Sundance TV. It’s also behind hit franchises The Walking Dead and more recently the Anne Rice Universe. After the debut of “Anne Rice’s Interview with the Vampire,” the show became the number one new series launch in AMC+ history last year and the number two basic cable drama in 2022.

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Tren Griffin @TrenGriffin · Feb 19, 2023
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If you take a modern source of innovation like transformers/LLMs, the technology is moving far too fast for patents. The key milestones are a few especially important papers like this one: Attention Is All You Need
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