AMC Networks’ international operations took a $68 million impairment charge on its Amsterdam media centre DMC that took it to a fourth quarter loss of $88 million.
DMC aside international revenues were ostensibly flat at $119 million.
Across the full year the co-producer of hits including Humans and Planet Earth grew international and other revenues by 1.6%, or $7 million.
President and Chief Executive Officer Josh Sapan said: “2016 was a successful year for our company both financially and operationally, driven by our disciplined and focused strategy of investing in high-quality content and creating brands that have strong, growing, passionate and engaged audiences. ‘The Walking Dead’ remains the #1 show on television by a wide margin and is a powerful example of programming that we own and distribute that commands a loyal audience, attracts advertising revenue, and has significant ancillary revenues that will benefit our business for years to come.”
Total revenues grew by 6.8% to $2.756 billion.
