AMC Networks has acquired full control of the BBC America network.
The move was revealed in AMC Networks’ financial results for the third quarter.
AMC Networks completed the transaction with BBC Studios to acquire the remaining 50.1% of the BBC America joint venture, providing 100% ownership and full operational control of the network. AMC Networks paid $42 million in cash.
AMC Networks will maintain a commercial relationship with BBC Studios “to support the continued strength of the brand and programming.”
Jon Creamer
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