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Post by Ripley on Nov 5, 2016 16:30:31 GMT -5
AMC Networks failed to meet Wall Street’s expectations with its third quarter results revealed Thursday that include a $19 million write-down on the AMC drama series “Feed the Beast” and other programming costs. The media company pulled in $635 million in revenue, below consensus analyst estimates of $660.58 million. Earnings per share were $0.91, well under the estimate of $1.02... ...The company is attributing this decrease to higher programming expenses, including a $19 million write-down on programming assets, primarily tied to the decision not to order a second season of “Feed the Beast.” Last year in the same period, AMC had a $12 million write-down. There was also a 9.9% decrease in ad revenue for the quarter compared to 2015, attributable to lower ratings for AMC series like “Fear the Walking Dead.” For the three months ending in September, AMC Networks made $189 million at its five U.S. networks. (Note: Those Networks are AMC, BBC America, Sundance, WE TV and IFC- Ripley)..." link
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Post by v on Nov 6, 2016 2:12:00 GMT -5
nothing stays on top forever. With the lower ratings for shows like ftwd/ride and many others there is only so much twd can do to keep the network on top. TWD does still get great ratings, but I've seen a few articles in the trade papers talking about twd having hit its peak.
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