Formerly called
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Rainbow Media Group (1980-2011) |
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Type
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Public |
Traded as |
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Industry |
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Founded | 1980 (1980) |
Headquarters |
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Key people
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Revenue | US$2.58 billion (2015) |
Operating income
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US$582.2 million (2013) |
Net income
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US$290.2 million (2013) |
Total assets | US$2.6 billion (2013) |
Total equity | US$571.5 million (2013) |
Owner | Dolan family (67% voting stake) |
Number of employees
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2,197 (Feb 2014) |
Divisions | AMC IFC WE tv SundanceTV IFC Center IFC Films |
Subsidiaries | BBC America (49.9%) AMC Networks International |
Website | www |
AMC Networks Inc. is an American entertainment company headquartered in 11 Penn Plaza, New York, that owns and operates the cable channels AMC, IFC, WE tv, BBC America (through a joint venture with BBC Worldwide), and SundanceTV; the art house movie theater IFC Center in New York City; the independent film company IFC Films; and premium streaming services Sundance Now and Shudder. In addition, the Company operates AMC Networks International, its global division.
The company was originally launched in 1980 and formerly known as Rainbow Media Holdings, LLC, a subsidiary of Cablevision, but was spun off as a publicly traded company in July 2011. The company is majority-owned and controlled by the Dolan family.
When Rainbow was formed in 1980, it originally included Bravo and SportsChannel New York. As SportsChannel expanded by adding other regional networks, these also became part of Rainbow (see SportsChannel America). When SportsChannel was merged into Fox Sports Net, all of these networks except SportsChannel NY (then Fox Sports New York) were gradually sold off. Fox Sports New York was then transferred to the MSG Media and rebranded MSG+.
Rainbow originally started the Playboy Channel in 1982 as a joint-venture with Playboy; Cablevision would later sell its share back to Playboy.
In 1988, Cablevision merged their cable networks with NBC, giving NBC 50% ownership in Rainbow. Through a series of transactions, NBC's stake was eventually reduced. In 2002, Cablevision sold its share of Bravo to NBC and as part of the deal, NBC gave up its then 20% share in Rainbow.
Rainbow ran the local-minded MSG Metro Channels which launched in 1998, before folding them in late 2005.
The company had also founded Orlando, Florida station WRBW in 1994, which it eventually sold to Chris-Craft in 1998; it was affiliated with the since-defunct UPN, which Chris-Craft owned half of at the time. Chris-Craft later sold its stations, including WRBW, to Fox Television Stations, who currently operates WRBW as a MyNetworkTV station.
In 2005, Cablevision considered spinning off its content subsidiary Rainbow Media as a publicly traded company, and making their core cable business private, but withdrew the plan. In 2006, a new plan emerged to privatize all of Cablevision, including Rainbow Media. In January 2007, with no word on if the privatization would go through, Liberty Media expressed interest in acquiring Rainbow Media from Cablevision.
Rainbow Media also formerly owned the music channel Fuse; the channel became a part of MSG Media in 2010, as Madison Square Garden was also spun off as a public company. Rainbow Media also owned Wedding Central which was shut down the same day AMC Networks went public.
On March 10, 2011, Cablevision, as approved by its board on December 16, 2010, announced that Rainbow Media would be spun off as a publicly traded company, AMC Networks, later in 2011, and, as said in 2005, making their core cable business private. Rainbow Media's former president Josh Sapan serves as the president and chief executive of AMC Networks which went public on July 1, 2011.
On May 4, 2012, Dish Network announced that it would no longer carry the AMC Networks family of cable channels upon the expiration of the satellite provider's distribution agreement with the company at the end of June 2012, citing that AMC Networks charged an excessive amount in retransmission consent payments from the service for their carriage and low audience viewership for the channels.
AMC Networks responded to Dish Network's announcement of its pending removal of the channels as being related to a 2008 breach of contract lawsuit against Dish Network by the company's former Voom HD Networks subsidiary (under the company's previous Rainbow Media Holdings brand) (which is pending trial in the New York State Supreme Court), in which it is seeking more than $2.5 billion in damages against Dish Network for improperly terminating its carriage contract; Voom's high-definition channels were carried on the provider from May 1, 2005 until May 12, 2008 when Dish removed ten of Voom's fifteen channels from its lineup and the five remaining channels the following day. Dish Network stated that the lawsuit is unrelated to the decision to remove the AMC Networks channels and that it ended the carriage agreement on its own terms.
On May 20, 2012, Dish Network removed Sundance Channel from its channel lineup. Two weeks later on June 4, 2012, Dish relocated AMC, WEtv, and IFC to higher channel positions with AMC being split into two separate standard definition and high definition channel feeds (AMC moved from channel 130 to channel 9609 for the SD feed and 9610 for the HD feed, WEtv moved from channel 128 to channel 9608 and IFC was moved from channel 393 to channel 9607); the former channel lineup spaces occupied by the three channels were respectively replaced with HDNet, Style and MoviePlex multiplex channel Indieplex. The move is believed to be in response to an ad run during a June 3 airing of an episode of Mad Men urging Dish Network customers to inform the company to keep the three AMC Networks channels on the satellite provider, with Dish Network stating that the relocated channel positions better reflect the channels’ ratings.
On July 1, 2012, Dish Network dropped AMC, WEtv, and IFC from the channel line-up altogether.
On July 12, 2012, AMC said in an e-mailed statement that it would stream over the Internet the season premiere of Breaking Bad to Dish customers. "Dish subscribers can register online starting July 13 for the show, which airs on July 15. We want to give Dish customers an extra week to switch providers so they can enjoy the rest of the season."
On October 21, 2012, AMC Networks announced a settlement was reached between them, Cablevision and Dish in which Dish was forced to pay up to $700 million in damages to Cablevision for damages from removing Voom owned channels off the Dish lineup back in 2008, and in return Dish signed a new agreement to bring the AMC Networks owned channels back on the Dish lineup with AMC returning October 21 and the rest on November 1.
From 2013 to 2015, the company acquired or joined a joint venture each year. On October 28, 2013, AMC Networks announced it would acquire most of Chellomedia, sans Chello Benelux, an international operator of cable networks, from Liberty Global for around $1.04 billion. On October 23, 2014, AMC confirmed it had purchased a 49.9% stake in BBC America, with BBC Worldwide retaining the remaining share of the network. In 2015, AMC Networks, along with Upfront Ventures, Daher Capital, Northgate Ventures, invested a round of funding in the Latin YouTube network MiTú.
AMC Networks International
On October 28, 2013, AMC Networks announced it would acquire most of Chellomedia, an international operator of cable networks, from Liberty Global for around $1.04 billion. The acquisition did not include Chello Benelux, owners of Film1 and Sport1. On February 2, 2014, the transaction was completed. What was formerly Chellomedia will now be known as AMC International and will allow AMC Networks to distribute its programming worldwide.
BBC America (49.9% stake) joint venture
On October 23, 2014, AMC confirmed it had purchased a 49.9% stake in BBC America, with BBC Worldwide retaining the remaining share of the network. The joint venture will also give AMC operational control in BBC America, which will be managed as a stand-alone from AMC's other channels.
Period | Date | Adjusted Actuals EPS | GAAP EPS |
---|---|---|---|
Q3 2022 | 2022-11-03 | Future report Set alerts | |
Q2 2022 | 2022-08-05 | 2.06 | 2.06 |
Q1 2022 | 2022-05-05 | 2.54 | 2.54 |
Q4 2021 | 2022-02-16 | 0.54 | 0.54 |
Q3 2021 | 2021-11-05 | 2.68 | 2.68 |
Q2 2021 | 2021-08-06 | 3.45 | 3.45 |
Q1 2021 | 2021-05-07 | 2.98 | 2.98 |
Q4 2020 | 2021-02-26 | 2.72 | 2.72 |
Q3 2020 | 2020-11-02 | 1.32 | 1.32 |
Q2 2020 | 2020-08-04 | 2.39 | 2.39 |
2016-07-12 | Reiterated Rating | Albert Fried & Company | Buy | |
2016-07-11 | Lower Price Target | Jefferies Group | Hold | $72.00 to $67.00 |
2016-06-22 | Reiterated Rating | Albert Fried & Company | Buy | $97.00 |
2016-06-22 | Downgrade | Morgan Stanley | Overweight to Equal Weight | $78.00 to $65.00 |
2016-06-17 | Reiterated Rating | Sanford C. Bernstein | Market Perform | |
2016-05-22 | Reiterated Rating | Pacific Crest | Buy | |
2016-05-19 | Reiterated Rating | JPMorgan Chase & Co. | Neutral | |
2016-04-26 | Upgrade | Macquarie | Neutral to Outperform | $82.00 |
2016-04-12 | Boost Price Target | Moffett Nathanson | $77.00 | |
2016-04-05 | Initiated Coverage | Jefferies Group | Hold | $72.00 |
2016-03-30 | Lower Price Target | Topeka Capital Markets | Hold | $71.00 to $69.00 |
2016-03-29 | Boost Price Target | Macquarie | Neutral | $83.00 to $85.00 |
2016-03-16 | Reiterated Rating | Albert Fried & Company | Overweight | $97.00 |
2016-03-02 | Lower Price Target | Cowen and Company | Market Perform | $72.00 to $69.00 |
2016-02-22 | Lower Price Target | Topeka Capital Markets | Hold | $79.00 to $71.00 |
2016-02-22 | Reiterated Rating | Stifel Nicolaus | Buy | |
2016-02-21 | Reiterated Rating | Albert Fried & Company | Buy | $97.00 |
2016-01-07 | Reiterated Rating | Piper Jaffray | Overweight | $90.00 |
2016-01-07 | Reiterated Rating | Piper Jaffray Cos. | Overweight | $90.00 |
2016-01-05 | Reiterated Rating | Pacific Crest | Overweight | |
2015-12-03 | Boost Price Target | Macquarie | Neutral | $79.00 to $83.00 |
2015-11-25 | Reiterated Rating | Albert Fried & Company | Overweight | $97.00 |
2015-11-18 | Boost Price Target | Sanford C. Bernstein | $74.00 to $80.00 | |
2015-11-17 | Reiterated Rating | Pacific Crest | Overweight | $85.00 |
2015-11-12 | Boost Price Target | Topeka Capital Markets | Hold | $78.00 to $79.00 |
2015-11-11 | Reiterated Rating | Albert Fried & Company | Overweight | $97.00 |
2015-11-06 | Boost Price Target | Pacific Crest | Overweight | $83.00 to $85.00 |
2015-10-28 | Lower Price Target | Sanford C. Bernstein | Market-Perform | $74.00 |
2015-10-20 | Initiated Coverage | Cowen and Company | Market Perform | $72.00 |
2015-10-16 | Boost Price Target | Moffett Nathanson | $78.00 | |
2015-09-24 | Upgrade | Evercore ISI | Hold to Buy | $75.00 to $90.00 |
2015-09-03 | Lower Price Target | Topeka Capital Markets | Hold | $80.00 to $78.00 |
2015-08-26 | Reiterated Rating | Albert Fried & Company | Buy | $97.00 |
2015-08-21 | Reiterated Rating | Piper Jaffray | Overweight | $90.00 |
2015-08-20 | Lower Price Target | Sanford C. Bernstein | Market Perform | $87.00 to $82.00 |
2015-08-18 | Reiterated Rating | Pacific Crest | Overweight | |
2015-08-10 | Reiterated Rating | JPMorgan Chase & Co. | Hold | $81.00 |
2015-08-07 | Reiterated Rating | Albert Fried & Company | Overweight | $97.00 |
2015-08-07 | Reiterated Rating | Stifel Nicolaus | Buy | $89.00 |
2015-08-07 | Reiterated Rating | Pacific Crest | Overweight | $88.00 to $83.00 |
2015-08-06 | Reiterated Rating | Topeka Capital Markets | Hold | $85.00 to $80.00 |
2015-08-03 | Upgrade | Morgan Stanley | Equal Weight to Overweight | $78.00 to $94.00 |
2015-07-03 | Reiterated Rating | Piper Jaffray | Overweight | $90.00 |
2015-07-01 | Boost Price Target | Nomura | Buy | $90.00 to $92.00 |
2015-07-01 | Boost Price Target | Nomura Holdings Inc. | Buy | $90.00 to $92.00 |
2015-06-23 | Downgrade | Topeka Capital Markets | Buy to Hold | $85.00 |
2015-06-16 | Boost Price Target | Maxim Group | Buy | $80.00 to $90.00 |
2015-05-23 | Reiterated Rating | Stifel Nicolaus | Buy | $89.00 |
2015-05-09 | Reiterated Rating | Nomura | Buy | $85.00 to $90.00 |
2015-05-09 | Reiterated Rating | CLSA | Outperform | $87.00 to $89.00 |
2015-05-09 | Reiterated Rating | Credit Agricole | Outperform | $87.00 to $89.00 |
2015-05-09 | Reiterated Rating | Credit Agricole SA | Outperform | $87.00 to $89.00 |
2015-05-05 | Set Price Target | Pacific Crest | Buy | $82.00 to $88.00 |
2015-05-05 | Set Price Target | Topeka Capital Markets | Buy | $83.00 to $85.00 |
2015-05-05 | Boost Price Target | Stifel Nicolaus | Buy | $82.00 to $89.00 |
2015-04-28 | Initiated Coverage | Credit Agricole | Outperform | $87.00 |
2015-04-28 | Initiated Coverage | CLSA | Outperform | $87.00 |
2015-04-13 | Initiated Coverage | Piper Jaffray | Overweight | $90.00 |
2015-04-01 | Reiterated Rating | Evercore Partners Inc. | Buy to Hold | $71.00 to $80.00 |
2015-04-01 | Downgrade | Evercore ISI | Buy to Hold | $71.00 to $80.00 |
2015-02-27 | Boost Price Target | Pacific Crest | Outperform | $75.00 to $82.00 |
2015-02-26 | Lower Price Target | Topeka Capital Markets | Buy | $85.00 to $83.00 |
2015-02-24 | Downgrade | Macquarie | Outperform to Neutral | |
2015-02-20 | Set Price Target | Albert Fried & Company | Buy | $97.00 |
2015-01-23 | Boost Price Target | JPMorgan Chase & Co. | Neutral | $66.00 to $72.00 |
2015-01-22 | Upgrade | Nomura | Neutral to Buy | $70.00 to $80.00 |
2015-01-06 | Boost Price Target | Guggenheim | $71.00 to $75.00 | |
2014-12-22 | Initiated Coverage | Pacific Crest | Outperform | |
2014-11-07 | Reiterated Rating | JPMorgan Chase & Co. | Neutral | $62.00 to $66.00 |
2014-10-29 | Upgrade | Evercore ISI | Hold to Buy | $64.00 to $71.00 |
2014-08-20 | Reiterated Rating | Stifel Nicolaus | Positive | |
2014-08-08 | Lower Price Target | Maxim Group | Buy | $90.00 to $80.00 |
2014-06-04 | Downgrade | Moffett Nathanson | Buy to Neutral | $72.00 to $67.00 |
2014-06-04 | Downgrade | Hanson | Buy to Neutral | $72.00 to $67.00 |
2014-05-16 | Reiterated Rating | Sterne Agee CRT | Buy | $83.00 to $70.00 |
2014-05-13 | Lower Price Target | National Alliance Securities | Buy | $91.42 to $76.70 |
2014-05-09 | Reiterated Rating | JPMorgan Chase & Co. | Neutral | $77.00 to $72.00 |
2014-05-09 | Reiterated Rating | Morgan Stanley | Equal Weight | $78.00 |
2014-05-09 | Lower Price Target | Macquarie | $83.00 to $80.00 | |
2014-05-09 | Lower Price Target | Guggenheim | $85.00 to $70.00 | |
2014-05-08 | Downgrade | Evercore ISI | Buy to Neutral | $81.00 to $75.00 |
2014-04-03 | Upgrade | Albert Fried & Company | Market Perform to Overweight | $97.00 |
2014-03-18 | Boost Price Target | Maxim Group | Buy | $84.00 to $90.00 |
2014-03-12 | Boost Price Target | Sanford C. Bernstein | Outperform | $81.00 to $93.00 |
2014-02-28 | Upgrade | National Alliance Securities | Buy | |
2014-02-04 | Initiated Coverage | Topeka Capital Markets | Buy | |
2014-01-28 | Initiated Coverage | National Alliance Securities | Hold | $69.45 |
2014-01-15 | Initiated Coverage | Nomura | Neutral | $70.00 |
2013-12-02 | Upgrade | Guggenheim | Neutral to Buy | |
2013-11-22 | Initiated Coverage | Goldman Sachs | Buy | $71.00 to $76.00 |
2013-11-13 | Boost Price Target | Sanford C. Bernstein | Outperform | $77.00 to $81.00 |
2013-11-05 | Boost Price Target | Evercore ISI | Equal Weight | $69.00 to $74.00 |
2013-10-28 | Downgrade | BTIG Research | Buy to Neutral | |
2013-10-24 | Initiated Coverage | Guggenheim | Neutral | $81.00 |
2013-10-21 | Reiterated | Stifel | Buy | $72 to $78 |
2013-10-21 | Boost Price Target | Stifel Nicolaus | Buy | $72.00 to $78.00 |
2013-10-15 | Boost Price Target | Maxim Group | Buy | $78.00 to $84.00 |
2013-10-14 | Initiated Coverage | Hanson | Buy | $76.00 |
2013-09-30 | Downgrade | Ned Davis Research | Buy to Neutral | |
2013-08-29 | Upgrade | B. Riley & Co. | Neutral to Buy | $76 |
2013-08-22 | Reiterated | Telsey Advisory Group | Not Rated | $80 to $78 |
2013-05-10 | Reiterated | Stifel | Buy | $70 to $72 |
2013-05-10 | Reiterated | B. Riley & Co. | Neutral | $61 to $63 |
2013-04-16 | Reiterated | Barclays | Overweight | $68 to $72 |
2013-04-12 | Upgrade | B. Riley & Co. | Sell to Neutral | $47 to $61 |
2013-04-09 | Reiterated | Stifel | Buy | $58 to $70 |
2013-04-09 | Reiterated | Barclays | Overweight | $62 to $68 |
2013-03-15 | Upgrade | Maxim Group | Hold to Buy | $72 |
2012-11-20 | Downgrade | Caris & Company | Average to Below Average | |
2012-11-09 | Reiterated | Stifel Nicolaus | Buy | $48 to $58 |
2012-07-12 | Upgrade | Barclays | Equal Weight to Overweight | $42 to $48 |
2012-05-11 | Upgrade | Stifel Nicolaus | Hold to Buy | $48 |
2012-05-11 | Reiterated | Barclays | Equal Weight | $40 to $42 |
2012-04-11 | Upgrade | Caris & Company | Below Average to Average | $39 to $40 |
2012-03-16 | Reiterated | Barclays Capital | Equal Weight | $34 to $40 |
2016-07-12 | Reiterated Rating | Albert Fried & Company | Buy | |
2016-07-11 | Lower Price Target | Jefferies Group | Hold | $72.00 to $67.00 |
2016-06-22 | Reiterated Rating | Albert Fried & Company | Buy | $97.00 |
2016-06-22 | Downgrade | Morgan Stanley | Overweight to Equal Weight | $78.00 to $65.00 |
2016-06-17 | Reiterated Rating | Sanford C. Bernstein | Market Perform |
There is presents forecasts of rating agencies and recommendations for investors about this ticker
In AMCX 180 funds of 2213 total. Show all
Fund name | Ticker shares |
---|---|
BlackRock Inc. | 4.60M |
Vanguard Group, Inc | 3.16M |
Clearbridge Investments, LLC | 2.47M |
BlackRock Fund Advisors | 2.32M |
BlackRock Institutional Trust Company, N.A. | 1.93M |
LSV ASSET MANAGEMENT | 1.65M |
DIMENSIONAL FUND ADVISORS LP | 1.42M |
STATE STREET CORP | 1.07M |
Invesco Ltd. | 0.95M |
SCHRODER INVESTMENT MANAGEMENT GROUP | 0.90M |
Contrarius Investment Management Ltd | 0.88M |
Omega Advisors Inc. | 0.81M |
SCHWAB CHARLES INVESTMENT MANAGEMENT INC | 0.69M |
GOLDMAN SACHS GROUP INC | 0.61M |
CITADEL ADVISORS LLC | 0.54M |
Name Relationship | Total Shares | Holding stocks |
---|---|---|
Luxor Capital Group, LP | 0.48% (292247) | AAMC / AMCX / ASPS / AUMA / BAS / BJRI / CLNY / CONN / EAGL / EBIX / HMTV / RCAP / WLH / |
Sapan Joshua W President and CEO | 0.42% (251778) | AMCX / |
DOLAN JAMES LAWRENCE Member of 13(d) Group | 0.22% (132969) | AMCX / CVC / MSG / |
DOLAN CHARLES F Executive Chairman | 0.09% (57031) | AMCX / CVC / MSG / |
Carroll Edward A Chief Operating Officer | 0.09% (54568) | AMCX / |
Sweeney Brian | 0.09% (52243) | AMCX / CVC / MSG / |
Sullivan Sean S EVP and CFO | 0.07% (44263) | AMCX / GOLF / |
Gallagher James EVP and GC | 0.04% (21303) | AMCX / |
DOLAN THOMAS CHARLES Member of 13(d) Group | 0.03% (17228) | AMCX / CVC / MSG / |
DOLAN PATRICK FRANCIS Member of 13(d) Group | 0.01% (8323) | AMCX / CVC / MSG / |
TOW LEONARD | 0.01% (7947) | AMCX / CVC / |
Wymbs Christian B. EVP & Chief Accounting Officer | 0.01% (6092) | AMCX / |