AMC Networks Inc.

Is AMC Networks the same as AMC Theatres?
No. AMC Networks (NASDAQ: AMCX) is a television and streaming company that owns the AMC cable channel. AMC Entertainment (NYSE: AMC) is the movie theater chain. They share only a name.

Does AMC Networks own HIDIVE?
Yes. AMC Networks acquired Sentai Holdings, parent of anime licensor Sentai Filmworks and the HIDIVE streaming service, in January 2022. HIDIVE operates within AMC Networks' targeted streaming portfolio.

What was AMC Networks' revenue in 2025?
AMC Networks reported net revenues of $2.31 billion for fiscal year 2025, down 4.5 percent. Operating income was $133 million, adjusted operating income $412 million, and free cash flow $272 million.

Who controls AMC Networks?
The Dolan family controls the company through super-voting Class B shares. CEO Kristin Dolan, a longtime Cablevision executive, has led the company since February 2023.

How many streaming subscribers does AMC Networks have?
Approximately 10.4 million across its streaming portfolio at the end of 2025, covering AMC+, Acorn TV, Shudder, Sundance Now, ALLBLK, and HIDIVE.

Does AMC Networks still make The Walking Dead?
Yes. AMC continues to produce Walking Dead universe spinoffs and other original series, and licenses the library to other platforms including Netflix, which generated significant licensing revenue in 2025.

The company traces its roots to 1980, when Charles Dolan's Cablevision launched Rainbow Media, a programming unit that operated regional services and the Bravo and AMC (then American Movie Classics) channels. AMC launched in 1984 as a commercial-free classic movie channel.

Under Josh Sapan, CEO from 1995, the company transformed AMC from a movie rerun channel into an original programming powerhouse. Mad Men premiered in 2007, Breaking Bad in 2008, and The Walking Dead in 2010, generating critical acclaim and mass audiences that redefined what basic cable could produce. IFC and Sundance TV pursued independent film programming, while WE tv built a reality franchise.

Cablevision spun off Rainbow Media as the independent, publicly traded AMC Networks in July 2011, with the Dolan family retaining voting control through super-voting shares. The company acquired IFC in full, bought Sundance Channel, and expanded internationally.

The 2020s brought a difficult transition. Cord-cutting eroded the affiliate fee and advertising base that funded the golden age programming, and the company's stock fell sharply from 2021 highs. AMC Networks responded by doubling down on niche streaming: it acquired anime distributor Sentai Filmworks and HIDIVE in January 2022, bought out the remainder of Acorn TV and ALLBLK parent RLJ Entertainment in 2025, and cut content spending while expanding licensing of its library, including a major deal licensing The Walking Dead and other titles to Netflix. Kristin Dolan, a longtime Cablevision executive and member of the founding family, became CEO in February 2023.

AMC Networks publishes corporate responsibility reporting covering workforce diversity, content responsibility, and environmental footprint of production operations. As a media company, its environmental impact is concentrated in production activities and offices.

The company supports industry inclusion programs and has made public commitments on diverse representation in front of and behind the camera, areas tied to content strategy rather than external certification.

Writer and cast disputes: The company has faced high-profile disputes with talent, including conflicts with The Walking Dead producers and profit-participation litigation from Frank Darabont and CAA over Walking Dead profits, settled in 2021 for $200 million.

Workplace conduct allegations: AMC Networks dealt with misconduct allegations at its properties, including a 2022 controversy involving allegations against a senior executive and complaints about workplace culture at certain productions.

Carriage disputes: The company periodically fights distribution battles with cable and satellite operators over affiliate fees, including temporary blackouts, a standard pressure point as linear economics decline.

Shareholder structure criticism: Governance advocates have long criticized the dual-class structure that leaves the Dolan family in control despite minority economic ownership, a factor in the stock's discount to peers.