AMC Networks Nov. 5 said expects its branded subscription streaming video services to reach 9 million combined subscribers by the end of the year. SVOD services include Acorn TV, AMC+, Shudder, Sundance Now and ALLBLK (formerly Urban Movie Channel).
The notable sub driver for AMC+ was the Aug. 22 Season 11 premiere of “The Walking Dead,” which was a top driver of subscriber acquisition and viewership on the platform, according to AMC.
Acorn and ALLBLK come from AMC’s 2018 acquisition of home entertainment distributor RLJ Entertainment for $65 million.
“We are building a streaming business that is sustainable and will be profitable over the long term, and with our owned IP, our library of high-quality content, and our strong legacy channels business, we have the right assets to drive growth and increase shareholder value,” CEO Matt Blank said in a statement.