AMC Networks Paying $42M For Full Control Of BBC America
Reading now: 846
deadline.comAMC Networks has rolled up BBC America, paying $42 million in cash for the cable network. The news was disclosed in the company’s third-quarter earnings release.
The transaction, which gives AMC Networks the 50.1% of the network that it did not previously have, closed November 1. AMC Networks and the BBC entered into the venture in 2014.
Signature BBC America originals like Killing Eve and Orphan Black became major components of the overall AMC Networks programming portfolio in the 2010s.
More recently, streaming has become the focus for most traditional media companies, leaving linear cable networks to wither, though they still throw off significant cash.
Read more on deadline.com
The website celebsbar.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
