AMC Networks reports higher earnings, strong ad growth

AMC Networks in the third quarter saw its profit increase by 59% to $58.1 million, thanks to strong demand for ads for its original series. Overall revenue rose 19% to $395.3 million, with ad sales up 36.3% to $146 million and distribution fees up 11.4% to $221 million. In related news, AMC chief Josh Sapan defended the company's "heretical" SVOD strategy, including releasing Sundance series "Rectify" on Netflix before its TV premiere, saying the approach was "redeemed" by the extra word-of-mouth generated for the TV airing.

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Wall Street Journal (tiered subscription model), The · Adweek

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