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Dan McDermott, president of entertainment and AMC Studios, said the studio stands to produce more third-party productions, including: siloHowever, “that's not our primary business,” he said.
The big-budget dystopian drama was renewed for a second season on Apple TV+ last year. Production on Season 2 wrapped earlier this year, but a premiere date has yet to be confirmed.
McDermott and other AMC Networks executives answered questions about the company's original programming strategy during the company's first-quarter earnings call with Wall Street analysts.someone wondered silo Specifically, given AMC's high budget and the reality that third-party projects have no impact on the company's own network and streaming portfolio.
“AMC Studios is a vibrant and productive group producing for all of our platforms,” said McDermott. “These shows will allow us to build a library that over time will create real value for the company and allow us to monetize this content. The studio is really important to us. For external platforms. When it comes to producing , the production capabilities and the amount of programming we produce at AMC Studios gives us the opportunity to make sophisticated tactics and choices when we have a show like . silo If there are things that aren't a good fit for us but would be a good fit for another platform, we'll take advantage of those opportunities. Although this is not our primary business, we certainly envision producing more shows for external platforms as we move forward. ”
silo The company made this point in its quarterly earnings report, which fell short of public expectations primarily due to continued difficulties in increasing advertising and distribution revenue. Because this series was delivered to his Apple in 2023, his licensing revenue for 2024 content was down 40% to $62 million. Reports on the show's cost vary, but based solely on AMC Networks' financials, the 10-episode first season could have run into the hundreds of millions of dollars.
Executives were also asked about their approach to licensing, especially when faced with the choice of keeping programming in-house or taking it to a third party.
Chief Commercial Officer Kim Kelleher mentions the walking dead and horror of the walking dead A recent example of “rights coming back.” A member of the management team said: “We're looking at each of these franchises in a very careful and thoughtful way, especially internationally. It's even more region-by-region. Where can we reach them? So it's not one-size-fits-all. We're very careful and thoughtful about how we license these franchises.”
CEO Kristin Dolan added: “As far as re-licensing at a higher price or keeping it, we actually do both depending on the region.” This has allowed us to continue to optimize the growth of our content distribution revenue line. ”