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The 10.3% jump in AMC Networks‘ shares to $39.20 is a surprise on the first trading day after Dish Network dumped AMC, IFC, and WE — costing the channels 14.1M potential viewers. There was no big news event or even an upbeat analyst report today. But I hear that some Wall Streeters were impressed by AMC’s settlement this weekend with AT&T U-verse. Although the companies didn’t say how much more AT&T agreed to pay for the channels, some believe it to be at least 10%. The deal also seemed to indicate that the troubles with Dish are isolated, and not the beginning of an industrywide abandonment of AMC. And there’s a sense that AMC has already been beat up enough. Its stock was down 20% from early May when Dish announced its plans to the closing bell on Friday. With today’s jump AMC is down 12% over that period — and is back into positive territory for 2012.
Why Was AMC Networks Today’s Hottest Media Stock?
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Good news for AMC, screw Dish and their crappy service.
Our stock is up because our blue sky meth now has a monopoly in the southwest. We are going to make a fortune we have no competition. AMC launders millions of dollars in cash for us as we continue breaking bad and making money.
Heh heh, don’t mess with WW!
AMC is awful, I don’t even bother with it. Back in the late 90′s it was awesome.
AMC has some of the best shows on TV. This Dish deal is going to cost us.
Do you people even have Dish? Out of Dish’s 14 million customers how many of those actually watch AMC channels? AMC is not losing 14 million customers because not all watch the channels in the first place. I have Dish like it and NEVER have watched ANY AMC channels nor would I.
So they aren’t going to lose 14 million customers. I like the way companies twist figures.
Yes, I have Dish. Yes, I watched AMC – and IFC, for that matter. And I will find another way of getting Comedy Bang Bang, Mad Men, The Walking Dead, Portlandia and Breaking Bad. . among others.
If AMC was in your package, you were paying for it whether you watched it or not.
AFAIK AMC on Dish was in the lowest tier package, meaning all Dish subscribers were paying for it, so AMC did in fact lose 14 million customers.
If they watched it or not is completely besides the point. All that matters is they were paying for it.
It says 14M POTENTIAL viewers in the article.
Naive question. Yes. I’ve been a fan of Breaking Bad since day 1. I cancelled my Dish service (after 30 months) yesterday. Knowledge is power; they haven’t raised “core prices on programming”, but equipment fees have gone up (for me) over 4% since February. An increase is an increase. To say they’re doing this for the customer is crap. It’s also important to note that, for customers like me, 2 of the 3 replacement channels were part of our package, so that’s like a middle finger. Do I need two channels with the Style network? That’s a ‘replacement’ for Mad Men, Breaking Bad, The Walking Dead, or my new favorite Hell on Wheels. Dish screwed me out of shows. I cancelled them. That’s fair to me.
In the Dish vs AMC showdown, my money is squarely on AMC. They create content that is NOT interchangeable like widgets (as Dish seems to arrogantly assume).
Dish listen & listen carefully: AMC matters more than U do to viewers. I will find another way of getting my programming. Make…The…Deal.
I will be switching from Dish to Comcast, Direct TV or ATT-UVerse within the month if they don’t make the deal with AMC. No way am I paying $100 per month and missing Mad Men, Breaking Bad, and IFC. Dish is out of touch with reality.
I loved AMC back when it was like TCM – showing classic films uncut and commercial free. Since that golden era they ushered in the trend of taking niche networks and turning them into generalized channels of mediocrity. I doubt they’ll be missed, I know I won’t.