AMC Networks And Charter Communications Forge Groundbreaking Content Partnership
GROWING AMC STUDIOS OPERATION AND CHARTER WILL CO-PRODUCE EXCLUSIVE PROGRAMMING FOR SPECTRUM CUSTOMERS
STAMFORD, Conn. and NEW YORK, April 26, 2017 /PRNewswire/ -- Charter Communications (Nasdaq: CHTR) and AMC Networks Inc. (Nasdaq: AMCX) announced today a groundbreaking partnership that will leverage the growing capacity of AMC Studios to develop and co-produce distinct, high-quality original programming, with exclusive co-branded content for Charter's Spectrum platform. The partnership will give Spectrum customers access to content created specifically for them, further differentiating Charter's platform and services.
AMC Studios produces some of the most popular and acclaimed shows on television, including "The Walking Dead," "Fear the Walking Dead," "The Son," "Into the Badlands," "Dirk Gently's Holistic Detective Agency," and the forthcoming "The Terror." The studio operation has grown from one production – "The Walking Dead" – in 2010 to 10 scripted originals in 2016, as AMC Networks has successfully executed a strategy to produce and own more of the shows that appear on its linear television networks.
"This is an exciting deal that furthers Charter's goal of providing its customers with world class products and services," said Tom Montemagno, EVP of Programming Acquisition for Charter Communications. "AMC Networks is one of the most respected producers of high-quality original programming in the business and we are proud to partner with them to identify, develop and produce original content that will further differentiate our customer experience and the value we provide in a competitive marketplace."
"Charter believes that quality customer care is a cornerstone of their success, and by delivering unique, high-value products and services they continue to differentiate the Spectrum customer experience. This new content partnership is a powerful example of that dynamic at work," said Ed Carroll, AMC Networks COO. "As AMC Studios becomes an increasingly important part of our business, this first-of-its-kind partnership represents a new horizon for us."
The companies expect the first content co-produced and co-funded through this partnership to premiere on Charter Spectrum in 2018. Under the agreement between the two companies, Charter will have an exclusive initial window in the U.S. to the co-produced content for use on its own platform, while AMC Studios will retain subsequent rights, including the right to distribute the content internationally.
About Charter
Charter (NASDAQ: CHTR) is a leading broadband communications company and the second largest cable operator in the United States. Charter provides a full range of advanced broadband services, including Spectrum TV™ video entertainment programming, Spectrum Internet™ access, and Spectrum Voice™. Spectrum Business™ similarly provides scalable, tailored, and cost-effective broadband communications solutions to business organizations, such as business-to-business Internet access, data networking, business telephone, video and music entertainment services, and wireless backhaul. Charter's advertising sales and production services are sold under the Spectrum Reach™ brand. More information about Charter can be found at charter.com.
About AMC Networks
Dedicated to producing quality programming and content for more than 30 years, AMC Networks Inc. owns and operates several of the most popular and award-winning brands in cable television. AMC, IFC, SundanceTV, WE tv, and IFC Films produce and deliver distinctive, compelling and culturally relevant content that engages audiences across multiple platforms. The Company also operates BBC America through a joint venture with BBC Worldwide. In addition, the Company operates AMC Networks International, its global division. For more information, please visit www.amcnetworks.com
SOURCE Charter Communications, Inc.
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