In the latest in a string of distribution deals, Comcast Cable has reached a comprehensive, multi-year agreement with AMC Networks.
The deal encompasses linear carriage of AMC’s portfolio on Comcast, the No. 1 U.S. cable provider, and expands availability of the company’s streaming portfolio. Through Xfinity, its pay-TV and broadband platform, Comcast makes a range of streaming services available to its customers. It recently added smart-TV line Xclass to its product offerings, adding one more distribution outlet for media partners.
Comcast has recently announced similar carriage deals with Disney and ViacomCBS in recent months.
AMC Networks’ handful of streaming outlets includes niche services like Shudder, Sundance Now and Acorn TV. Another one, AMC+, first launched on Xfinity in mid-2020 and “has grown rapidly since,” the companies said in announcing the agreement. AMC Networks has estimated it will have 20 million to 25 million total streaming subscribers by 2025, with revenue from direct-to-consumer operations eclipsing that derived from traditional sources.
“We are excited to continue and also expand our longstanding partnership with Comcast through a new agreement that includes not only continued carriage of our cable networks, but also our fast-growing targeted streaming services including AMC+, which was made available first to Xfinity customers,” said Josh Reader, president of distribution and development for AMC Networks.
“We’ve had a longstanding partnership with AMC Networks and are thrilled to continue it to provide our Xfinity customers with access to their content, including their growing library of original programming, across our industry-leading platforms,” said Rebecca Heap, SVP, Consumer Products & Propositions, Comcast Cable.
Must Read Stories
Subscribe to Deadline Breaking News Alerts and keep your inbox happy.