1 Thing That Could Really Mean Trouble for AMC
BritBox International (BBI), the streaming service co-owned by U.K.-based ITV (LSE: ITV) and BBC Studios, has restructured its business and says it wants to become the world leader in British content streaming. However, both BBC Studios and ITV already have standing relationships with AMC Entertainment Holdings (NYSE: AMC), which could prove problematic, especially as AMC focuses on exponential growth.
BBI recently announced it was separating its business into two distinct units: BBI International Markets, which oversees Australia, Sweden, Denmark, Norway, Finland, South Africa, and all future territories; and BBI North America, which covers the U.S. and Canada.
Speaking at an event to publicize the change, BBI CEO Reemah Sakaan said she thinks the North American division will be key to the streamer's overall success. As part of this strategy, Sakaan has suggested the company will expand its offerings so that it's not solely repackaging content from its parent firms. In a conversation with Deadline, Sakaan said BBI is open to pitches from U.S.-based production outfits, noting that any collaborations would have to work across various markets.
Source Fool.com
