Ad-Supported AMC+ will be Included in All
Spectrum TV Select Packages at No Additional Cost to
Customers
Charter to Make AMC+ Available for Purchase by
Internet-Only Customers
NEW
YORK and STAMFORD,
Conn., Sept. 4, 2024 /PRNewswire/ -- AMC Networks
(NASDAQ: AMCX) and Charter Communications, Inc. (NASDAQ: CHTR)
today announced they have agreed to an early renewal of their
distribution agreement that will allow Charter to carry AMC
Networks' portfolio of linear cable networks for multiple years to
come. Continuing Charter's industry-leading strategy of including
programmer streaming apps in the cable bundle to enhance the value
proposition, the ad-supported version of AMC Networks'
direct-to-consumer streaming service AMC+ will be included at no
additional cost to Charter's Spectrum TV Select customers.
Additionally, Charter will make AMC+ available for purchase to its
millions of Internet-only customers.
With the addition of AMC+, Charter, through its programming
deals, will be providing its Spectrum TV Select Plus customers more
than $40/month in retail value for
streaming apps, and over $30/month in
retail value for Spectrum TV Select/Select Signature
customers.
"This agreement with AMC Networks supports our goal of enhancing
the value and variety of premium entertainment content available to
our customers," said Tom Montemagno,
Executive Vice President, Programming Acquisition for Charter,
which operates the Spectrum brand of video and connectivity
services. "The addition of AMC+ at no extra cost for our TV Select
customers builds on our new distribution framework, which this year
alone has included the addition of Paramount+ Essential, ViX
Premium with Ads, Disney+ and ESPN+. We appreciate AMC Networks'
partnership in reaching a distribution agreement that benefits our
mutual customers and helps transform the video industry."
With the agreement, Spectrum video customers will continue to
enjoy access to AMC Networks' cable portfolio, including AMC – home
to The Walking Dead Universe, the Anne Rice Immortal
Universe and acclaimed series, including Dark
Winds, Gangs of London
and others – BBC America, IFC, SundanceTV and We TV. AMC+ is a
premium streaming bundle featuring world-class originals,
award-winning series and exclusive movies. The service includes
same-day access to all original AMC series and full access to
Shudder, Sundance Now and IFC Films Unlimited.
"This early, multi-year agreement between Charter and AMC
Networks ensures Spectrum TV customers will continue to have access
to our high-quality original programming however they prefer to
watch it, including through the ad-supported version of AMC+," said
Kim Kelleher, Chief Commercial
Officer of AMC Networks. "Charter has been a long-time partner, and
this agreement reflects our strong and mutually beneficial
relationship and commitment to viewers."
Financial terms of the agreement were not disclosed.
About AMC Networks
AMC Networks (Nasdaq: AMCX) is home to many of the greatest stories
and characters in TV and film and the premier destination for
passionate and engaged fan communities around the world. The
company creates and curates celebrated series and films across
distinct brands and makes them available to audiences everywhere.
Its portfolio includes targeted streaming services AMC+, Acorn TV,
Shudder, Sundance Now, ALLBLK and HIDIVE; cable networks AMC, BBC
AMERICA (operated through a joint venture with BBC Studios, which
includes U.S. distribution and sales responsibilities for BBC
News), IFC, SundanceTV and WE tv; and film distribution labels IFC
Films and RLJE Films. The company also operates AMC Studios, its
in-house studio, production and distribution operation behind
acclaimed and fan-favorite original franchises including The
Walking Dead Universe and the Anne Rice Immortal Universe; and AMC
Networks International, its international programming
business.
About Charter
Charter Communications, Inc. (NASDAQ: CHTR) is a leading broadband
connectivity company and cable operator with services available to
more than 57 million homes and businesses in 41 states through its
Spectrum brand. Over an advanced communications network, the
Company offers a full range of state-of-the-art residential and
business services including Spectrum Internet®, TV,
Mobile and Voice.
For small and medium-sized companies, Spectrum
Business® delivers the same suite of broadband
products and services coupled with special features and
applications to enhance productivity, while for larger businesses
and government entities, Spectrum
Enterprise® provides highly customized, fiber-based
solutions. Spectrum Reach® delivers tailored
advertising and production for the modern media landscape. The
Company also distributes award-winning news coverage and sports
programming to its customers through Spectrum Networks. More
information about Charter can be found at
corporate.charter.com.
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SOURCE Charter Communications, Inc.
