DealsJul 30, 2026, 07:07 AM
AMC Global Media Secures $500M Netflix Deal, Raises Full-Year Guidance
AI Summary
AMC Global Media announced a significant co-exclusive global licensing agreement with Netflix for The Walking Dead Universe, valued at $500 million over five years, which will provide substantial cash flow. This strategic partnership, along with renewed distribution agreements with major partners like Comcast and YouTube, led the company to increase its full-year guidance. For Q2 2026, the company reported a net revenue decrease of 9% to $547 million and a diluted EPS of $(0.51), alongside a 58% decline in Adjusted Operating Income to $46 million.
Key Highlights
- Secured $500 million co-exclusive global licensing deal with Netflix for The Walking Dead Universe over five years.
- Expects $100 million annual cash payments from Netflix deal from 2027-2030.
- Increased full-year guidance, leveraging IP and distribution partnerships.
- Q2 2026 Net Revenue decreased 9% to $547 million.
- Q2 2026 Diluted EPS was $(0.51).
- Q2 2026 Adjusted Operating Income decreased 58% to $46 million.
- Q2 2026 Free Cash Flow was $43 million.
- Repaid $80 million Term Loan A balance and terminated revolving credit facility.
- Initiated $30 million accelerated share repurchase program.
Price Impact
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