AMC NETWORKS’ TARGETED SVOD SERVICES PASS 2 MILLION TOTAL SUBSCRIBERS
Acorn TV, Shudder, Sundance Now, and UMC continue to stand out in the special interest SVOD market and hit new milestone for the company
New York, NY
(December 10, 2019) – AMC Networks (NASDAQ: AMCX) today announced that its four
targeted subscription video on demand services – Acorn TV, Shudder, Sundance
Now, and UMC (Urban Movie Channel) – now exceed two million subscribers, marking
a major new milestone and achieving a year-end target for the company.
AMC Networks’
targeted SVOD services offer curated content destinations that provide unique
viewership experiences for distinct audiences. They include: Acorn TV, specializing in world-class
mysteries and drama from Britain and beyond; Shudder, super serving fans of horror and suspense; Sundance Now, featuring mysteries,
dramas and true crime; and UMC, the
first streaming destination dedicated to black audiences.
“AMC Networks
continues to lead in the targeted SVOD category. We are building loyal and
engaged fan communities around our growing services and our momentum affirms
our strategy of super serving distinct premium audiences,” said Josh Sapan, AMC
Networks President and CEO. “From a financial perspective, our offerings are efficient and attractive, with
a large addressable market. We spend much less on programming and marketing
than the general entertainment streaming services, and we are able to achieve
scale at much lower subscriber levels. As a result, our subscribers have very
attractive long-term values.”
Sapan added: “As the
market for this category evolves, consumers are increasingly complementing
their general entertainment subscriptions with our services, which are becoming
‘must-have’ destinations for each of our target audiences.”
AMC Networks’ premium
SVOD services are consistently recognized as being among the best streaming offerings
for consumers by leading critics and publications. Recent accolades include The New York Times naming Acorn TV’s Manhunt, and Sundance Now’s Emmy-winning
State of the Union and Unspeakable, as among the Best International
Shows of 2019; and New York magazine
naming Shudder’s One Cut of the Dead as
a Best Movie of 2019. Shudder’s original series Creepshow, which premiered in September, set records for viewership,
subscriber acquisition and total minutes streamed and has been renewed for a
second season. UMC continues to stand out with a broad mix of original series,
classic sitcoms, and feature films, including Daytime Emmy-nominated series Bronx SIU and the LisaRaye McCoy- and
Duane Martin-led classic
UPN sitcom All of Us.
About AMC Networks
Known for its groundbreaking and celebrated
original content, AMC Networks is the company behind the award-winning brands
AMC, BBC AMERICA, IFC, SundanceTV, WE tv, and IFC Films and is a leader in
targeted subscription video on demand services, with offerings including Acorn
TV, Shudder, Sundance Now and UMC (Urban Movie Channel) super serving distinct
premium audiences. The Company’s diverse line-up of popular,
critically-acclaimed and award-winning series and independent films
include Killing Eve, Better Call Saul, and The Walking
Dead, which has been the #1 show on cable television for 10
consecutive years, as well Portlandia, Brockmire, Love After Lockup, landmark natural history series from the BBC, and the films Boyhood,
Death of Stalin, and many more. Its original series Mad
Men and Breaking Bad are widely recognized as being
among the most influential and acclaimed shows in the history of TV. The
Company also operates AMC Studios, its production business; AMC Networks
International, its international programming business; and Levity Entertainment
Group, the Company’s production services and comedy venues business. For more
information, visit http://www.amcnetworks.com.
