Sean Sullivan (XIV) - News Poster


AMC Networks Turns to ‘Hyper-Focused’ Streaming Strategy as Linear Growth Prospects Dim

  • Variety
AMC Networks CEO Josh Sapan outlined a shift in focus to growing the company’s niche subscription streaming services during a conference call with Wall Street analysts on Thursday. AMC Networks’ third-quarter earnings release underscored the economic headwinds facing the owner of AMC, BBC America and other cable channels.

Sapan told analysts that the company is re-thinking its approach to selling rerun rights to its shows to outside Svod platforms. In the past, AMC Networks has struck output deals for multiple series at a time with partners such as Netflix and Hulu, but in the future every series will be evaluated on a case-by-base basis to generate the highest return.

AMC Networks is crafting “new monetization patterns” for its content and eschewing a “one-size-fits-all approach for each piece of content,” he said. AMC shares were down more than 6% in early trading Thursday but quickly recovered. Shares were down less than
See full article at Variety »

‘The Walking Dead’ Powers Advertising Gains for AMC Networks in Q1

  • Variety
AMC Networks delivered a pleasant surprise in the first quarter with domestic advertising revenue gains that outpaced Wall Street expectations. But softness in distribution revenue still raised some concerns about the impact of the shrinking traditional Mvpd universe on AMC’s long-term fortunes.

AMC Networks president-ceo Josh Sapan told analysts during Wednesday’s conference call that the company’s flagship AMC cable channel and others are reaping the rewards of being among the few outlets offering marketers the chance to put spots in buzzy high-end TV shows.

“AMC Networks stand out as one of the few and best ad-supported premium TV environments,” Sapan said.

AMC Networks delivered a 5.9% year-over-year increase in total revenue to $784 million. Adjusted operating income grew 8.8% to $293 million but net income fell 9% to $143 million.

Advertising at AMC’s National Networks unit housing AMC, BBC America, SundanceTV, IFC and WeTV was up 5.9% to $239 million even as Wall Street
See full article at Variety »

AMC Networks Chief Josh Sapan Saw 2018 Compensation Drop to $20 Million

  • Variety
AMC Networks CEO Josh Sapan saw his 2018 compensation fall 30% from the previous year to $20.5 million.

Sapan earned a salary of $2 million and a bonus of $4.6 million, according to AMC Networks’ annual proxy filing with the Securities and Exchange Commission.

Sapan also received stock awards valued at $13.8 million. In 2017, Sapan received a bonus of $13.2 million and a slightly higher stock award.

Sapan’s 2018 compensation is 293 times the median salary of $70,103 of AMC Networks’ global workforce of about 2,174 employees.

AMC Networks’ chief financial officer Sean Sullivan was the second highest-paid executive at AMC Networks last year, taking in $10.2 million. Most of that came from stock awards including a one-time grant valued at $6 million in connection with a new employment contract signed last year.
See full article at Variety »

2001: A Space Odyssey 50th Anniversary Blu-ray Artwork and Details Arrive

Warner Bros. has announced a new 50th Anniversary Edition of the iconic 1968 classic 2001: A Space Odyssey, following the movie's limited return to theaters last month. This brand new 4K restoration of 2001: A Space Odyssey, which was overseen by filmmaker and devout 2001 fan Christopher Nolan, debuted at the Cannes Film Festival before it arrived in select theaters across the country last month, with the 4K Blu-ray and standard Blu-ray arriving October 30. Here's what Christopher Nolan had to say in a statement about this new 4K release of 2001: A Space Odyssey.

"2001 to me is the most cinematic film that has ever been made and it has been an honour and a privilege to be able to share the film with a new generation. 4K Uhd allows the closest recreation of viewing the original film print in your own home. Kubrick's masterpiece was originally presented on large format film and
See full article at MovieWeb »

AMC Defends The Walking Dead’s Falling Ratings

Regardless of fan petitions and a mass exodus of its top stars, AMC Chief Financial Officer Sean Sullivan revealed that he’s “pleased with” The Walking Dead‘s recent performance during a webcast investor conference. This is despite season 8’s lower ratings and a dissatisfied vocal fanbase overall.

The show’s last run saw it posting its lowest ratings since the first season, after fans felt the Negan storyline had dragged things into a slump since its introduction halfway through season 6. However, that narrative’s now (hopefully) concluded, but the show’s seemingly phasing out its biggest stars. With a lighter cast and a lot of fan backlash, it remains to be seen if AMC will be pleased with the performance of the next batch of episodes.

Moving on to defend recent creative decisions, which include the death of season 1 regular Carl Grimes as well as the upcoming departures of
See full article at We Got This Covered »

AMC Network Doesn’t Want To Join The Streaming Wars

Unlike HBO, Showtime, and other cable networks, AMC has no plans on building a direct-to-consumer streaming option, according to one executive. So, if any fans were hoping to cut the cord, but still have access to their favorite zombie show, “The Walking Dead,” then you’re out of luck, for now.

In an investor’s conference call, reported by The Hollywood Reporter, AMC Networks CFO Sean Sullivan was asked whether or not the network was exploring the option of offering its content without a cable subscription.
See full article at The Playlist »

Myers. Carvey, Spheeris, and the Academy's President Revisit a 'Metallic' World

Spheeris, Michaels, Myers, Carvey, and AMPAS President Koch to attend screening of 1992 comedy hit Attending the April 23 screening of the 1992 box-office blockbuster Wayne's World will be the film's director, Penelope Spheeris, in addition to writer-actor Mike Myers (Austin Powers / Shrek himself), actor Dana Carvey, producer Lorne Michaels, and executive producer (and current AMPAS Prez) Hawk Koch. Koch will introduce the evening, while the other four will discuss the making of Ww. (Pictured above: Myers, Carvey in Wayne's World. Please scroll down to check out more Ww images.) Myers, later best known for providing his voice in the animated feature Shrek and for the satire Austin Powers: The Spy Who Shagged Me, launched his film-star career alongside fellow Saturday Night Live comedian Dana Carvey. The big-screen Wayne's was a version of the duo's TV comedy sketch about two dumb, ugly, metal-head teenagers, Wayne Campbell and Garth Algar, who are the hosts
See full article at Alt Film Guide »

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