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Thursday, December 8, 2022

AMC Networks Adds Matt Blank to Its Board of Directors – The Hollywood Reporter

After a yr as interim CEO at AMC NetworksMatt Blank joins the amusement company’s board of administrators.

The New York Headquarters Far better phone Saul Y Interview with the Vampire The programmer expanded its board from 14 associates to 15 associates and mounted Blank as a director, AMC mentioned in a submitting with the Securities and Trade Commission on Thursday.

Blank was recruited by the business very last August as a short-term alternative for the best executive position soon after CEO Josh Sapan stepped down just after a 26-12 months occupation and grew to become CEO. In August, AMC Networks promoted its main monetary and operating officer, Christina Spade, to main govt officer and hired previous CBS and Goldman Sachs executive Patrick O’Connell as executive vice president and main fiscal officer.

In that intervening 12 months, AMC Community greater subscribers to its portfolio of streaming providers (AMC+, Acorn Tv, Shudder, Sundance Now and ALLBLK) from 7.4 million very last June to 10.8 million. (The expectation is that subscribers reach 12 million by the conclusion of the yr and the approach is to access 20 million to 25 million by 2025).

But the company’s domestic and intercontinental linear networks, which includes AMC and IFC, have been matter to broader considerations about cable outages that have disrupted the tv landscape. In Oct, the community started airing the most up-to-date batch of episodes from the flagship series’ ultimate year. The Walking Deadwhich concludes in November prior to the start of more spin-off jobs.

Blank was compensated for $7 million for his job as interim CEO, the firm discovered earlier this calendar year. The government, who expended three many years at Showtime, also sits on the boards of radio giant Cumulus Media and documentary-concentrated movie provider Curiosity Stream.

Also on Thursday, the company uncovered that it has signed a new agreement with its executive vice president and typical counsel, Jamie Gallagher, who has been with AMC due to the fact 2008, till the finish of 2025.

Considering that the very first day of trading this year, shares of AMC Networks have fallen about 40 p.c to $22.05 a share as of Oct. 20. The corporation will report third-quarter financial benefits on November 4.

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Nicole Aniston
Nicole loves to write and works as a corporate communications expert by day. She's been working in the field for quite some time now. Her training in media studies has provided her a wide perspective from which to tackle various issues. Public relations, corporate communications, travel, entrepreneurship, insurance, and finance are just few of the many topics she's interested in covering in her work.
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