Demand For ‘Walking Dead’ Fuels Growth In AMC 1Q Profit

lboogie81:

Looks like “The Walking Dead” resurrected AMC Networks’ popularity!

Originally posted on Variety:

AMC Networks, riding a surge of interest in the scripted dramas it shows on its flagship AMC cable network, said net income in the first quarter rose 16.1% due to the popularity of such programs as the apocalyptic zombie serial “The Walking Dead.”

The owner of AMC, IFC, We and Sundance Channel, said net income rose to $71.4 million, or 98 cents per share, compared with $61.5 million, or 85 cents per share, a year earlier.

Revenue rose 37.3% to $524.5 million, compared with nearly $382 million in the year-earlier quarter.

At the company’s U.S. networks, revenue rose 20.7% to $449 million, compared with $371.6 million in the year-earlier period. The company said revenue growth in the segment was driven largely by a 26.8% increase in ad revenue, due primarily for demand for original programming at AMC. The most recent cycle of “The Walking Dead,” which generated chatter for portraying one…

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Very Interesting.

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