departure of former CEO Christina Spade in November after just three months in the role. That same month, interim executive chairman James Dolan announced a “large-scale layoff” affecting roughly 20% of its staff and “cuts to every operating area.”Additionally, AMC pulled the plug on Season 2 of “61st Street” starring Courtney B.
Vance, which had already been filmed. It also axed previously greenlit series “Invitation to a Bonfire,” with Tatiana Maslany and which had already shot four episodes.“We’ve taken critical steps so that going forward, we’re optimally positioned as a lean, progressive, forward-facing organization, poised to take advantage of the myriad opportunities in the marketplace,” AMC Studios head and president of original programming Dan McDermott told journalists at the Winter Television Critics Association press tour in January.
AMC Networks is slated to release its earnings for the fourth quarter of 2022 on Friday before the market open. Shares have climbed more than 14% year to date but are down approximately 76% in the past year..
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