Weakness in the company's advertising business as well as increased costs for ramping up production and expanding the streaming business will unfavorably impact credit metrics in the near-term. We anticipate that overall operating performance will be supported by increasing digital and international revenues, along with cost controls and relative stability in traditional revenue streams.
Amc security square 8 yelp tv#
The stable rating outlook reflects our expectation that the company will continue to invest in high quality programming and to pace the decline in linear TV distribution of the company's networks with its transition to direct to consumer video-on-demand growth. The company also has a strong liquidity profile as indicated by its SGL-1 rating and demonstrated by its significant cash balance of over $1 billion in cash and an undrawn revolver of $500 million. These risks remain balanced by the company's strong track record in programming creation and selection, as well as a solid balance sheet and cash flow generation. The company is also impacted by event risk concerns as the company's controlling owner, the Dolan family, has historically been comfortable with high leverage and transformative events. It also incorporates the risk of customer and revenue concentration and a highly competitive environment in which programming drives viewership, subscriptions and advertising revenues.
Amc security square 8 yelp full#
While we expect credit metrics will weaken through Q1 2021 to reflect a full year of business disruptions from COVID-19, the company's very good liquidity supported by continuing free cash flow, cash on hand and no near-term maturities allow for flexibility to manage through the crisis.ĪMC's credit profile incorporates risks associated with the secular decline in traditional linear pay television distribution and the risks related to its ability to successfully transition to video-on-demand direct-to-consumer. AMC's distribution revenue represents approximately 68% of total revenue, of which recurring revenue streams from contractual consignment affiliate fees paid by pay TV providers represents the largest component. The broad reach of its cable networks, combined with the company's proven ability to deliver consistently high quality and widely appealing entertainment content that generate high viewer ratings and appeal to advertisers and distributors, allows the company to obtain lucrative affiliate fees and advertising rates. Issuer: AMC Networks Inc.Outlook, Remains Stable RATINGS RATIONALEĪMC's Ba2 CFR reflects its strong and stable cash flow driven by profitable television networks with long operating histories and extensive distribution throughout the US and internationally. Senior Unsecured Regular Bond/Debenture, Affirmed Ba3 (LGD4) Outlook Actions. Senior Secured Bank Credit Facility, Affirmed Baa2 (LGD2) Probability of Default Rating, Affirmed Ba2-PD I need more explanation.Senior Secured Bank Credit Facility, Assigned Baa2 (LGD2) SSR is directly enforced when triggered till end of next trading day. The Short Sale Restriction circuit breaker is triggered when price drops 10% below previous day close price. Data is provided by SEC and updated when available. We switched short data to solely Finra from that date. Note: Starting August 26 our source stopped reporting data.
Dark pool percentage shows trading volume through Dark Pools.
Short Exempt Volume are the amount of short sales exempted from the uptick rule. Short percentage is the amount of volume shorted. more info DateĬall/Put contract In The Money (ITM). ETF Availability is a sum of the main ETF's with AMC exposure. Overview of borrowed shares availability.
0 kommentar(er)
