In Wake Of Big-Budget ‘Silo’, AMC Networks Entertainment And Studio Chief Dan McDermott Says Company Will Still Produce For Third Parties, But “It’s Not Our Primary Business”
deadline.comDan McDermott, President of Entertainment and AMC Studios, says the studio is positioned to do more third-party productions like Silo, though he noted that “it’s not our primary business.” The big-budget dystopian drama was renewed last year for a second season on Apple TV+.
Production for Season 2 wrapped earlier this year, but a premiere date has not been confirmed. McDermott and other AMC Networks execs fielded questions about the company’s original programming strategy during the company’s first-quarter earnings call with Wall Street analysts.
One wondered about Silo specifically, given its budget is at the high end for AMC as well as the reality that third-party projects don’t feed the company’s own network and streaming portfolio. “AMC Studios is a vibrant and productive group that produces for every one of our platforms,” McDermott said. “These shows enable us to build a library, which accrues real value over time for the company and allows us to execute on the monetization of this content.
The studio is really important to us. As for producing for outside platforms, our production capabilities and the volume of programming that we produce at AMC Studios gives us the opportunity to be highly tactical and selective.
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