Last December’s two-season renewal of Apple TV+ series Silo was a boon to AMC Networks, whose studio arm produces the show. But even though there’s no major follow-up project in the pipeline, top execs plan to remain in the third-party business.
“Currently we’re producing pretty much exclusively for our AMC-owned platforms,” Dan McDermott, president of entertainment and AMC Studios, said Friday on a conference call with Wall Street analysts after the company reported quarterly earnings. Nevertheless, he continued, “We do have a studio, we are able to produce for third parties when it’s beneficial to us and makes financial sense. We do have a lot of interest in our studio content, so we’re going to be strategic and opportunistic as we go forward.”
In 2023, AMC Networks collected $56 million in licensing fees for Silo, according to SEC filings. Even when that gain and a $20 million
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