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AMC Networks Acquires Full Control of BBC America for $42 Million
AMC Networks has acquired full control in BBC America. The U.S. media company has owned a 49.1% stake in the BBC Studios company since 2014
With this new transaction, which closed Nov. 1, AMC Networks gains the remaining 50.1% of BBC America in exchange for $42 million in cash. Along with “Mad Men,” “The Walking Dead” and “Breaking Bad,” some of the shows AMC Networks is best known for are its past BBC America hits and critical darlings, including “Killing Eve,” “Orphan Black” and “Doctor Who” (which moved to Disney+ in 2023). AMC Networks says “future contractual programming commitments to BBC Studios would have been significantly reduced,” had the deal been closed by Sept. 30, the final day of its last quarter, and $132.9 million of redeemable noncontrolling interest related to BBC America “would have been eliminated.” “Going forward, AMC Networks will no longer be making any related cash distributions to non-controlling interests,” the company says.
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