AMC Networks, the cable networks company that operates AMC, IFC, WE tv, BBC America and SundanceTV, has reported better-than-expected streaming subscriber growth for 2020 and better-than-feared U.S.
advertising trends in the final quarter of the year. The firm ended 2020 with more than 6 million streaming subscribers, including AMC+, exceeding its target, and boosted its longer-term forecast.
AMC, led by CEO Josh Sapan, last year had raised its projection forpaid subscribers for its four niche streaming services, namelyAcorn TV, Shudder, Sundance Now and UMC, saying itwould end 2020 with more than 4 million, and around 5 million to 5.5 million subscribers when including AMC+, which features the best of AMC, BBC America, IFC and SundanceTV,.
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