AMC Networks Inc

Founder and CEO of 605 Kristin Dolan participates in a keynote panel on the future of video at CES 2018 at Park Theater at Monte Carlo Resort and Casino in Las Vegas on January 10, 2018 in Las Vegas, Nevada.Ethan Miller | Getty ImagesAMC Networks, the company that owns TV channels like AMC and IFC, named Kristin Dolan its new CEO on Wednesday.Dolan, who will become CEO effective Feb. 27, has served on AMC's board and worked closely with the company. She's an industry veteran, and most recently served as CEO of 605, a data…

A still promo for the film Skinamarink.Coutesy: Bayview EntertainmentExperimental horror film "Skinamarink" has been all the buzz on social media for months — and now it's a sleeper hit at the box office."Skinamarink," the first feature from Canadian director Kyle Edward Ball, has pulled in over $1.5 million at the box office in just over a week of release, according to Comscore.Some film enthusiasts have compared the experimental movie, with its $15,000 budget, to found-footage horror classic "The Blair Witch Project"…

Pedestrians pass a Cineworld Group Plc cinema in Aldershot, U.K., on Monday, Oct. 5, 2020.Jason Alden | Bloomberg | Getty ImagesAMC said it is no longer in talks to acquire theaters from Regal parent company Cineworld, which had filed for bankruptcy protection earlier this year.Cineworld, which is based in the United Kingdom, had been in discussions with AMC to hand over some of its theaters after filing for Chapter 11 bankruptcy in September.related investing newsIn a filing with the Securities and Exchange Commission on…

AMC Networks told its employees Tuesday that it is planning significant layoffs, according to people familiar with the matter and a memo obtained by CNBC.The memo, sent by AMC Networks Chairman James Dolan, came shortly after the company announced that CEO Christina Spade stepped down from her role less than three months after being promoted to the position. The layoffs are expected to happen in the coming days and amount to about 20% of its U.S. staff, said one of the people, who was not authorized to speak publicly…

The Disney+ website on a laptop computer in the Brooklyn borough of New York, US, on Monday, July 18, 2022.Gabby Jones | Bloomberg | Getty ImagesA contradiction is developing in the world of streaming media, and it revolves around bundling.There's a consistent drumbeat of expectation that streaming services will eventually all bundle with each other for an overall discount, with the end product looking something like traditional pay TV.Hypothetically, a streaming bundle could include Netflix, Disney+, Hulu, ESPN+, HBO…

The AMC 25 and Regal Cinemas on 42nd Street in Times Square in New York.Richard Levine | Corbis | Getty ImagesShares of theater chain and meme trader favorite AMC fell sharply on Monday as the struggles of a rival company appeared to weigh on the stock.AMC was down nearly 30% on Monday morning, building on a loss of more than 26% last week. The drop comes as rival Cineworld said on Monday it is considering filing bankruptcy.After Cineworld released a warning about its liquidity position last week, AMC CEO Adam Aron said…

An AMC theatre is pictured amid the coronavirus disease (COVID-19) pandemic in the Manhattan borough of New York City, New York, U.S., January 27, 2021.Carlo Allegri | ReutersCheck out the companies making headlines in midday trading.Bed Bath & Beyond, AMC — Shares surged 41% and 13% respectively as social media traders appeared to invest in the two meme stocks, even without an apparent catalyst.Signify Health — The stock jumped 13% following a Wall Street Journal report, citing people familiar with the matter, that…

Liberty Media's John MaloneMichael Kovac | Getty ImagesWritten in the Starz?Lionsgate is planning a spinoff of Starz, home of "Outlander" and "Power," by early next year.Vivendi's Canal Plus and private equity firm Apollo Global, in tandem with streaming distributor Roku, have both made preliminary bids for a 20% stake, sources say.A deal could be announced as soon as August.A publicly traded Starz may look to increase in size by targeting other subscale media and entertainment companies.By "free radicals," Malone was…