AMC Networks (NASDAQ:AMCX) is best known for ”The Walking Dead”, which was the highest-rated series in cable history. The unusual nature of the series and its success illuminate the value proposition of AMC Networks within the larger entertainment industry.

In essence, AMC delivers the spice on top of the main course of cable and streaming bundles. Using spice to describe AMC is both a metaphor and a literal depiction. Before turning to the spice, the following section provides an overview of the company’s brands, including their reach. It was compiled from AMC’s 2022 annual report, as are the tables herein, excluding consensus estimates data.

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