AMC Networks Shares Jump 17% on YouTube TV and Netflix Deals

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AMC Networks shares surged 17% after the company announced a new distribution deal with YouTube TV and a major content licensing agreement with Netflix. The YouTube TV deal adds AMC's channels to the streaming service's more affordable genre packages, while the Netflix agreement grants co-exclusive global streaming rights to the entire Walking Dead Universe. The licensing deal is expected to generate $500 million in fees over five years. Wells Fargo raised its price target on the stock to $11.00 from $10.00 in response.

Impact on assets 4

Communication Services▲ · 3 stocks
AMC Global Media Inc.
AMCX
▲ PositiveDemandrelevance

New distribution deal with YouTube TV and Netflix licensing agreement for Walking Dead Universe.

Netflix Inc
NFLX
▲ PositiveDemandrelevance

Netflix gains co-exclusive global streaming rights to Walking Dead Universe, expanding content library.

Financials▲ · 1 stocks