AMC Buys Stake Into BBC America
American cable network AMC, the home of top-rating and critically acclaimed shows like “The Walking Dead” and “Mad Men,” has bought a 49.9 percent stake — or roughly $200 million — into BBC America, in a partnership deal that will have the cable company running the BBC network. Read on for further details about this development.
As announced on BBC America’s website, the partnership with AMC will have the U.S. TV network taking control of half of its operation. BBC Worldwide, which is the corporation’s commercial arm, still retains 50.1 percent of BBC America. But with this new partnership, the British-managed channel will now be able to tap into a wider American audience.
Under their arrangement, BBC America will still be a standalone channel but will already become part of AMC Network’s conglomerate, which includes IFC, SundanceTV and WEtv.
AMC and BBC have also agreed it will pursue in investing content and future projects or shows that will be both available on AMC’s various portfolios. In fact, the two broadcasting companies have already started with this, with its production of “Top of the Lake,” “The Honourable Woman,” and the upcoming one-off series “One Child,” which will air on Thanksgiving. All these shows, produced in partnership with the BBC, are found on AMC’s SundanceTV.
“The BBC is one of the most recognized, trusted and respected brands in the world and we are proud to partner with it to create a content offering unmatched in the industry. I have great respect for what Herb Scannell and his team have achieved over the past four years, elevating BBC AMERICA’s profile, performance and productions,” said Josh Sapan, the CEO of AMC Networks in the press release.
Tony Hall, BBC’s Director General and Chairman for BBC Worldwide, noted that the partnership should open doors for long-term opportunities among the creative community in the United Kingdom, while BBC Worldwide’s CEO Tim Davie said that AMC and BBC would follow the same thrust of providing high quality content for the “most educated, affluent and tech-savvy American audience.”
The most anticipated development to this new partnership would be the production of the Hugh Laurie and Tom Hiddleston-starrer, the Le Carre drama adaptation of “The Night Manager” set for 2015.
We’ll keep tabs on the latest from these broadcasters by following their shows, so do check back to Movie News Guide (MNG) regularly for the updates.
Photo Source: Wikimedia Commons/AMC