AMC Networks Shares Jump 17% on YouTube TV and Netflix Deals

M&A · PartnershipAnalyst

โดย Yahoo Finance·Read original

Summary · why it matters

AMC Networks shares surged 17% after the company announced a new distribution deal with YouTube TV and a major content licensing agreement with Netflix. The YouTube TV deal adds AMC's channels to the streaming service's more affordable genre packages, while the Netflix agreement grants co-exclusive global streaming rights to the entire Walking Dead Universe. The licensing deal is expected to generate $500 million in fees over five years. Wells Fargo raised its price target on the stock to $11.00 from $10.00 in response.