Why AMC Networks Inc's Shares Jumped 20% in July
Shares of AMC Networks Inc (NASDAQ: AMCX) jumped 19.7% in July according to data provided by S&P Global Market Intelligence after a new product offering and a bond sale were announced.
Part of the bullishness was due to a $5 per month commercial-free subscription offer made initially to Comcast customers. This would be through the on-demand options from Comcast, but would move a step toward a stand-alone subscription offer. Long-term, management said the company will add more premier options for customers outside of Comcast, beginning with the pay TV channel. But a streaming service may not be far behind.
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Source: Fool.com
