AMC Networks Sheds 500,000 Streaming Subscribers in Q2, U.S. Ad Sales Down 17%
variety.comJennifer Maas TV Business Writer AMC Networks reported its second-quarter 2023 earnings Friday, revealing it had lost 500,000 more subscribers across its portfolio of niche streamers and was down 17% in U.S.
ad sales for the April 1-June 30 period. AMC Networks lost 300,000 subscribers across its streaming services in Q1, falling from 11.8 million at the end of 2022 to 11.5 million by March 31.
In Q2, that decline continued with streaming subs down to 11 million at the end of June, per AMC Networks’ Friday earnings results. (It should be noted that in AMC Networks’ press release, it states streaming subscribers totaled 11.2 million at the end of Q1, which contradicts its previously given Q1 results.) AMC Networks’ streaming platforms includes AMC+ (which AMC Networks plans to launch an ad-supported option for in October), Acorn TV, Shudder, Sundance Now, ALLBLK and HIDIVE.
Those digital offerings are in addition to the company’s linear channels AMC, BBC America (a joint venture with BBC Studios), IFC, SundanceTV, WE tv and IFC Films.
Read more on variety.com