{"id":5989,"date":"2014-10-24T00:00:00","date_gmt":"2014-10-24T00:00:00","guid":{"rendered":"http:\/\/worldscreen.com\/tvusa\/2014\/10\/24\/amc-networks-takes-49-9-percent-stake-in-bbc-america\/"},"modified":"2014-10-24T00:00:00","modified_gmt":"2014-10-24T00:00:00","slug":"amc-networks-takes-49-9-percent-stake-in-bbc-america","status":"publish","type":"post","link":"https:\/\/worldscreen.com\/tvusa\/amc-networks-takes-49-9-percent-stake-in-bbc-america\/","title":{"rendered":"AMC Networks Takes 49.9 Percent Stake in BBC America"},"content":{"rendered":"<p>\n\tNEW YORK\/LONDON: As part of a wide-ranging partnership between AMC Networks and BBC Worldwide, AMC Networks is acquiring a 49.9 percent stake in BBC America.<\/p>\n<p>\n\tThe two companies have struck a long-term creative partnership agreement. Under the terms of the pact, AMC Networks is investing $200 million for the equity stake in the cable channel, which is home to hits such as <em>Doctor Who <\/em>and <em>Orphan Black<\/em>. The deal is structured as a long-term equity joint venture, with BBC Worldwide retaining 50.1 percent. AMC Networks will then have operational control of BBC America, including affiliate and ad sales.<\/p>\n<p>\n\tBBC America will be managed as a standalone channel within the AMC Networks portfolio, which already includes AMC, IFC, WE tv and SundanceTV, as well as AMC Networks International.<\/p>\n<p>\n\tAlso included in the pact is representation of BBC World News in U.S. distribution and domestic advertising sales.<\/p>\n<p>\n\t&quot;The BBC is one of the most recognized, trusted and respected brands in the world and we are proud to partner with it to create a content offering unmatched in the industry. I have great respect for what Herb Scannell and his team have achieved over the past four years, elevating BBC America&#039;s profile, performance and productions,&quot; said <a href=\"http:\/\/worldscreen.com\/articles\/display\/43928\">Josh Sapan<\/a>, AMC Networks&#039; president and CEO. &quot;A combined AMC Networks-BBC America channel group creates a powerful collection of networks that are among the most critically acclaimed, with distinct dramas and other potent content that creates a deep connection with viewers. Our content rises to the top on many levels and is particularly well-suited to an era of on-demand viewing and expanding consumer choice.&quot;<\/p>\n<p>\n\t<a href=\"http:\/\/worldscreen.com\/articles\/display\/46672\">Tony Hall<\/a>, BBC&#039;s director-general and chairman of BBC Worldwide, added: &quot;The U.S. is an important market for the BBC&#039;s commercial activities. This partnership brings together the whole BBC and will help us reach new audiences in the U.S., strengthen BBC America&#039;s position for the long term and create opportunities for the U.K. creative community. We&#039;ve already worked successfully with AMC Networks on award-winning productions of <i>Top of the Lake<\/i> and <em>The<\/em> <i>Honourable Woman<\/i> and this partnership means we can produce even more top-quality drama together. And I hope this is the beginning of us working together on other future projects, too.&quot;<\/p>\n<p>\n\tEd Carroll, AMC Networks&#039; COO, said: &quot;<i>Orphan Black<\/i> and <i>Doctor Who<\/i> are just two examples of bold and original BBC America content that creates passionate viewers and fits well alongside AMC Networks shows such as <i>Mad Men<\/i>,<i> Portlandia<\/i> and <i>Rectify<\/i>.&quot;<\/p>\n<p>\n\t<a href=\"http:\/\/worldscreen.com\/articles\/display\/41148\">Tim Davie<\/a>, the CEO of BBC Worldwide and director of global, said: &quot;AMC Networks is the ideal partner for BBC Worldwide. Like us, they are committed to the kind of high-quality, unmissable content that has already gained BBC America one of the most educated, affluent and tech-savvy audiences in all of U.S. television, with a powerful social media following.&nbsp;BBC America is a unique and upscale asset, with eight straight years of ratings growth behind it.&nbsp;By creating a stronger force with shared creative sensibilities, this partnership secures the continuation of that growth into the future.&quot;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>NEW YORK\/LONDON: As part of a wide-ranging partnership between AMC Networks and BBC Worldwide, AMC Networks is acquiring a 49.9 percent stake in BBC America. The two companies have struck a long-term creative partnership agreement. Under the terms of the pact, AMC Networks is investing $200 million for the equity stake in the cable channel, &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[69],"tags":[],"class_list":["post-5989","post","type-post","status-publish","format-standard","","category-top-stories"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>AMC Networks Takes 49.9 Percent Stake in BBC America<\/title>\n<meta name=\"description\" content=\"AMC Networks Takes 49.9 Percent Stake in BBC America. NEW YORK\/LONDON, October 24: As part of a wide-ranging partnership between AMC Networks and BBC Worldwide, AMC Networks is acquiring a 49.9 percent stake in BBC America.. 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