Business 2 min read By Morgan Griffin
AMC Global Media sells ALLBLK streamer and takes $2.1 million charge
AMC Global Media booked a roughly $2.1 million restructuring charge tied to the sale of its ALLBLK streaming service, even as content licensing revenue jumped in the third quarter.
AMC Global Media booked a restructuring charge of about $2.1 million tied to the sale of its ALLBLK streaming service, according to its third-quarter 2026 earnings report released on a Monday. The company's results showed a mixed picture: content licensing sales rose sharply, reportedly by 42 percent in the quarter, while total revenue came in short of Wall Street forecasts.
The company reported third-quarter total revenue of $566.1 million, an increase of under 1 percent from a year earlier. That figure fell below what analysts had expected. On the bottom line, adjusted earnings came in at 44 cents per share, comfortably ahead of the expected loss of 1 cent per share. The restructuring charge tied to the ALLBLK sale is the item that accounts for the gap between the company's reported and adjusted results in that category.
ALLBLK, the streaming service focused on Black audiences and content, was the company's dedicated outlet for that programming. Its sale marks a shift in how the company is distributing its catalog, with licensing deals to other platforms appearing to carry more of the load. The notes available for this report do not identify the buyer of the service or the price paid, and the company's full commentary on the transaction was not available in the material reviewed.
The earnings report also referenced a legal settlement dated September 4 with Robert Kirkman, the creator of « The Walking Dead », and with other series producers. The settlement reportedly involved a cash payment, but the amount and the full terms were not visible in the available text, so those details cannot be confirmed here.
Executives also discussed the « The Walking Dead » franchise in the context of the AMC+ streaming platform, which the company is using to build its direct-to-consumer offering. An upcoming AMC+ premiere of « The Walking Dead » content was previewed in coverage of the results, underscoring the franchise's continued role in the company's streaming strategy.
Source: variety.com
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