AMC Networks shares are trading lower after the company announced they have agreed to an early renewal of their distribution agreement that will allow Charter to carry the portfolio of linear cable networks for multiple years.
Portfolio Pulse from Benzinga Newsdesk
AMC Networks shares declined following the announcement of an early renewal of their distribution agreement with Charter, allowing Charter to carry AMC's linear cable networks for multiple years.
September 04, 2024 | 1:09 pm
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AMC Networks shares dropped after announcing an early renewal of their distribution agreement with Charter, which will allow Charter to carry AMC's linear cable networks for multiple years.
The early renewal of the distribution agreement with Charter is a significant development for AMC Networks, as it secures a long-term partnership for their cable networks. However, the market's negative reaction suggests that investors may have concerns about the terms of the agreement or its impact on AMC's financials.
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