What is the new salary for the AMC Networks executive?

The executive's new base salary is $1.625 million per year, with additional cash grants and equity awards.

How is AMC Networks performing in the streaming market?

AMC Networks has 10.4 million subscribers across its niche streaming platforms like Shudder and AMC+.

What shows has the AMC Networks executive overseen?

The executive has overseen The Walking Dead universe, Anne Rice's universes, and Dark Winds.

Home / Business and Economy / AMC Networks Exec Gets Major Pay Raise

AMC Networks Exec Gets Major Pay Raise

21 Nov

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Summary

Executive secures $1.625 million annual salary.
Package includes significant cash grants and equity.
Deal comes amid company's streaming expansion.

AMC Networks has formalized an extension for a key executive, announcing the agreement on Tuesday via an SEC filing. The executive's new compensation includes a base salary of $1.625 million annually, supplemented by significant cash grants and equity awards estimated at $1.6 million per year. This executive has been instrumental in developing successful franchises like The Walking Dead and Anne Rice's universes for AMC Networks.

The company faces industry-wide pressures from cord-cutting and declining traditional TV viewership. In response, AMC Networks has prioritized its streaming ventures, including niche platforms such as Shudder, AMC+, and AcornTV, which collectively serve 10.4 million subscribers. While streaming revenue is projected to surpass linear TV, its long-term economic viability is still evolving.

This executive brings a wealth of experience, having previously led scripted television partnerships and overseen acclaimed shows during a decade-long tenure at DreamWorks. The new agreement reflects a strategic investment in leadership as the company continues its transition towards a more robust streaming future.