What's occurring at AMC Networks, joint owners of BBC America ? Longstanding CEO Josh Sapan, 70, has brought forward a planned move 'upstairs' and becomes vice-chairman this month. An older (71) industry hand Matt Blank has come out of retirement for a year's contract as interim CEO.
Sapan's exit strategy seems to have been sweetened by an AMC commitment to buy six films from Sapan in 2023/4, each costing $900,000.
Are AMC's owners, the Dolan family, thinking of a sale ? Market capitalisation is $2bn. I hope the BBC is watching this carefully. BBC America deserves better brand custodians. (Star Trek variants all day today until 8pm, then two showings of a Tom Cruise film.)
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