AMC Networks fully acquires BBC America for $42 million

BBC America now fully and officially belongs to AMC Networks. The company revealed that it acquired the remaining 50.1% of the channel from BBC Studios in a deal that took place last Friday.

The remaining half of the company was paid for in $42 million cash, which was distributed from the savings balance sheet. “We now own 100% of the iconic channel with full operational control, and look forward to what the future holds,” Patrick O’Connell, executive vice president and chief financial officer of AMC Networks, said during the company’s third quarter earnings call for 2024.

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