The Walking Dead To The Rescue Again? Could Zombie Stock AMC Networks Come To Life With New Spinoff?
Portfolio Pulse from Chris Katje
AMC Networks Inc (NASDAQ:AMCX) premiered 'The Walking Dead: The Ones Who Live,' a new spinoff of its successful franchise, achieving the biggest series premiere in over six years and the highest single-day sign-ups for its streaming platform, AMC+. Despite recent share price declines following a missed earnings estimate, this development could signal a positive turn for the company, especially in boosting its streaming subscriber base, which reported a modest year-over-year increase in the fourth quarter.
March 05, 2024 | 12:08 am
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AMC Networks' latest spinoff, 'The Walking Dead: The Ones Who Live,' has achieved significant viewership and AMC+ sign-ups, indicating potential positive momentum for the company's stock.
The successful premiere of 'The Walking Dead: The Ones Who Live' and the record AMC+ sign-ups could attract positive investor sentiment towards AMCX, especially given the recent challenges in share price and missed earnings estimates. The increase in streaming subscribers and the potential for sustained interest in the franchise could contribute to a more favorable outlook for the company's financial performance and stock price in the short term.
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