AMC Networks is a TV content company that creates, distributes, and monetizes programming across linear cable networks and streaming services. The company's core content strategy centers on premium scripted drama and genre programming, anchored by two franchise universes: The Walking Dead Universe and the Anne Rice Immortal Universe. These franchises drive subscribers to AMC+, the company's flagship streaming bundle. Beyond AMC+, AMC Networks operates a portfolio of targeted genre streaming services, including Shudder (horror), Acorn TV (international crime drama), HIDIVE (anime), and ALLBLK (Black-audience content). AMC Networks also runs five linear cable networks (AMC, IFC, BBC America, SundanceTV, We TV), an in-house studio (AMC Studios), and a film distribution business. AMC Networks earns revenue through three streams: affiliate fees from pay-TV operators, streaming subscriptions, and content licensing to third-party platforms. Linear affiliate revenue is declining as pay-TV subscribers erode, while streaming revenue has grown to become the largest single revenue source in the domestic segment. AMC Networks leans on a wholesale distribution model, partnering with platforms like Amazon, Roku, and Apple to acquire subscribers, keeping all streaming services priced below $10/month. AMC Studios produces content that first runs on AMC linear and AMC+, then is windowed across FAST channels and licensed externally, allowing a single content investment to generate revenue across multiple platforms.