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AMC Secures $500M Netflix Deal for Walking Dead Franchise
30 Jul
Summary
- AMC and Netflix announced a $500 million co-exclusive streaming deal.
- Second-quarter streaming revenue saw a 6% increase to $180 million.
- The company reported an adjusted loss per share of 28 cents.
AMC Global Media recently announced a major co-exclusive global licensing agreement with Netflix for the entire "The Walking Dead" Universe. This deal, valued at $500 million, is anticipated to generate significant cash flow for the company over the coming years.
For the second quarter of 2026, which concluded in May, AMC reported a 6% rise in streaming revenue, amounting to $180 million. However, U.S. ad sales experienced a decline of 11%, totaling $109 million. The company's overall financial performance showed an adjusted loss per share of 28 cents, with revenue at $547 million, falling short of Wall Street's revenue expectations.
CEO Kristin Dolan expressed pleasure with the expanded relationship with Netflix and also highlighted the renewal of distribution agreements with key partners like Comcast and YouTube. The company is increasing its full-year guidance, citing the value of its intellectual property, the strength of its studio operations, and robust partner relationships as key drivers for improved financial outlook.
