AMC Networks (AMCX) 10-Q 8 Nov 24 2024 Q3 Quarterly report Financial data

Cover Page

Cover Page - shares	9 Months Ended
	Sep. 30, 2024	Nov. 01, 2024
Document Information [Line Items]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Sep. 30, 2024
Document Transition Report	false
Entity File Number	1-35106
Entity Registrant Name	AMC Networks Inc.
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	27-5403694
Entity Address, Address Line One	11 Penn Plaza,
Entity Address, City or Town	New York,
Entity Address, State or Province	NY
Entity Address, Postal Zip Code	10001
City Area Code	212
Local Phone Number	324-8500
Title of 12(b) Security	Class A Common Stock, par value $0.01 per share
Trading Symbol	AMCX
Security Exchange Name	NASDAQ
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Central Index Key	0001514991
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	Q3
Amendment Flag	false
Class A Common Stock
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		32,636,371
Class B Common Stock
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		11,484,408

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Current Assets:
Cash and cash equivalents	$ 816,377	$ 570,576
Accounts receivable, trade (less allowance for doubtful accounts of $9,207 and $9,488)	647,601	664,396
Current portion of program rights, net	9,136	7,880
Prepaid expenses and other current assets	212,599	380,518
Total current assets	1,685,713	1,623,370
Property and equipment, net of accumulated depreciation of $449,533 and $403,708	135,084	159,237
Program rights, net	1,775,628	1,802,653
Intangible assets, net	226,758	268,558
Goodwill	559,200	626,496
Deferred tax assets, net	13,307	11,456
Operating lease right-of-use assets	64,513	71,163
Other assets	365,206	406,854
Total assets	4,825,409	4,969,787
Current Liabilities:
Accounts payable	88,964	89,469
Accrued liabilities	305,614	385,838
Current portion of program rights obligations	220,210	301,221
Deferred revenue	68,682	65,736
Current portion of long-term debt	7,500	67,500
Current portion of lease obligations	34,523	33,659
Total current liabilities	725,493	943,423
Program rights obligations	152,588	150,943
Long-term debt, net	2,335,061	2,294,249
Lease obligations	69,119	87,240
Deferred tax liabilities, net	152,310	160,383
Other liabilities	57,382	74,306
Total liabilities	3,491,953	3,710,544
Commitments and contingencies
Redeemable noncontrolling interests	185,182	185,297
Stockholders' equity:
Preferred stock, $0.01 par value, 45,000 shares authorized; none issued	0	0
Paid-in capital	377,345	378,877
Accumulated earnings	2,376,908	2,321,105
Treasury stock, at cost (34,117 and 34,593 shares Class A Common Stock, respectively)	(1,408,832)	(1,419,882)
Accumulated other comprehensive loss	(229,154)	(232,831)
Total AMC Networks stockholders' equity	1,117,049	1,048,051
Non-redeemable noncontrolling interests	31,225	25,895
Total stockholders' equity	1,148,274	1,073,946
Total liabilities and stockholders' equity	4,825,409	4,969,787
Class A Common Stock
Stockholders' equity:
Common stock, value	667	667
Class B Common Stock
Stockholders' equity:
Common stock, value	$ 115	$ 115

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Accounts receivable, trade, allowance for doubtful accounts	$ 9,207	$ 9,488
Property and equipment, accumulated depreciation	$ 449,533	$ 403,708
Preferred stock, par value (in dollars per share)	$ 0.01	$ 0.01
Preferred stock, shares authorized (in shares)	45,000,000	45,000,000
Preferred stock, shares issued (in shares)	0	0
Class A Common Stock
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized (in shares)	360,000,000	360,000,000
Common stock, shares issued (in shares)	66,730,000	66,670,000
Common stock, shares outstanding (in shares)	32,614,000	32,077,000
Treasury stock (in shares)	34,117,000	34,593,000
Class B Common Stock
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized (in shares)	90,000,000	90,000,000
Common stock, shares issued (in shares)	11,484,000	11,484,000
Common stock, shares outstanding (in shares)	11,484,000	11,484,000

Condensed Consolidated Statemen

Condensed Consolidated Statements of Income - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Income Statement [Abstract]
Revenues, net	$ 599,614	$ 636,954	$ 1,822,009	$ 2,033,029
Operating expenses:
Technical and operating (excluding depreciation and amortization)	287,746	284,900	840,049	933,590
Selling, general and administrative	191,622	187,232	588,679	567,136
Depreciation and amortization	23,097	28,009	75,416	79,629
Impairment and other charges	0	5,400	96,819	30,282
Restructuring and other related charges	3,496	10,563	6,427	22,537
Total operating expenses	505,961	516,104	1,607,390	1,633,174
Operating income	93,653	120,850	214,619	399,855
Other income (expense):
Interest expense	(45,123)	(38,757)	(121,180)	(115,304)
Interest income	9,303	11,686	27,480	26,944
Loss on extinguishment of debt, net	(352)	0	(105)	0
Miscellaneous, net	8,850	(2,211)	5,153	12,518
Total other expense	(27,322)	(29,282)	(88,652)	(75,842)
Income from operations before income taxes	66,331	91,568	125,967	324,013
Income tax expense	(19,891)	(23,671)	(54,433)	(82,725)
Net income including noncontrolling interests	46,440	67,897	71,534	241,288
Net income attributable to noncontrolling interests	(5,058)	(4,473)	(13,583)	(4,015)
Net income attributable to AMC Networks' stockholders	$ 41,382	$ 63,424	$ 57,951	$ 237,273
Net income per share attributable to AMC Networks' stockholders:
Basic (in dollars per share)	$ 0.93	$ 1.44	$ 1.31	$ 5.42
Diluted (in dollars per share)	$ 0.76	$ 1.44	$ 1.21	$ 5.40
Weighted average common shares:
Basic (in shares)	44,607	43,951	44,381	43,786
Diluted (in shares)	56,149	44,041	49,038	43,905

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Statement of Comprehensive Income [Abstract]
Net income including noncontrolling interests	$ 46,440	$ 67,897	$ 71,534	$ 241,288
Other comprehensive income (loss):
Foreign currency translation adjustment	20,563	(27,860)	4,997	(6,216)
Comprehensive income	67,003	40,037	76,531	235,072
Less: Comprehensive income attributable to noncontrolling interests	(6,655)	(3,389)	(14,903)	(4,053)
Comprehensive income attributable to AMC Networks' stockholders	$ 60,348	$ 36,648	$ 61,628	$ 231,019

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Stockholders' Equity - USD ($) $ in Thousands	Total	Total AMC Networks Stockholders’ Equity	Common Stock Class A Common Stock	Common Stock Class B Common Stock	Paid-in Capital	Accumulated Earnings	Treasury Stock	Accumulated Other Comprehensive Loss	Non-redeemable Noncontrolling Interests
Beginning Balance at Dec. 31, 2022	$ 853,813	$ 806,988	$ 661	$ 115	$ 360,251	$ 2,105,641	$ (1,419,882)	$ (239,798)	$ 46,825
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income attributable to AMC Networks’ stockholders	237,273	237,273				237,273
Net income (loss) attributable to non-redeemable noncontrolling interests	(13,111)								(13,111)
Distributions to noncontrolling member	(2,151)								(2,151)
Other comprehensive income (loss)	(6,216)	(6,254)						(6,254)	38
Share-based compensation expenses	19,908	19,908			19,908
Tax withholding associated with shares issued under employee stock plans	(7,229)	(7,229)	5		(7,234)
Ending Balance at Sep. 30, 2023	1,082,287	1,050,686	666	115	372,925	2,342,914	(1,419,882)	(246,052)	31,601
Beginning Balance at Jun. 30, 2023	1,040,251	1,007,666	666	115	366,553	2,279,490	(1,419,882)	(219,276)	32,585
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income attributable to AMC Networks’ stockholders	63,424	63,424				63,424
Net income (loss) attributable to non-redeemable noncontrolling interests	417								417
Distributions to noncontrolling member	(317)								(317)
Other comprehensive income (loss)	(27,860)	(26,776)						(26,776)	(1,084)
Share-based compensation expenses	6,378	6,378			6,378
Tax withholding associated with shares issued under employee stock plans	(6)	(6)			(6)
Ending Balance at Sep. 30, 2023	1,082,287	1,050,686	666	115	372,925	2,342,914	(1,419,882)	(246,052)	31,601
Beginning Balance at Dec. 31, 2023	1,073,946	1,048,051	667	115	378,877	2,321,105	(1,419,882)	(232,831)	25,895
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income attributable to AMC Networks’ stockholders	57,951	57,951				57,951
Net income (loss) attributable to non-redeemable noncontrolling interests	10,203								10,203
Distributions to noncontrolling member	(6,193)								(6,193)
Redeemable noncontrolling interest adjustment to redemption fair value	(8,312)	(8,312)			(8,312)
Other comprehensive income (loss)	4,997	3,677						3,677	1,320
Share-based compensation expenses	20,308	20,308			20,308
Common stock issued under employee stock plans	0				(8,902)	(2,148)	11,050
Tax withholding associated with shares issued under employee stock plans	(4,626)	(4,626)			(4,626)
Ending Balance at Sep. 30, 2024	1,148,274	1,117,049	667	115	377,345	2,376,908	(1,408,832)	(229,154)	31,225
Beginning Balance at Jun. 30, 2024	1,082,092	1,053,709	667	115	374,353	2,335,526	(1,408,832)	(248,120)	28,383
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income attributable to AMC Networks’ stockholders	41,382	41,382				41,382
Net income (loss) attributable to non-redeemable noncontrolling interests	1,245								1,245
Redeemable noncontrolling interest adjustment to redemption fair value	(2,784)	(2,784)			(2,784)
Other comprehensive income (loss)	20,563	18,966						18,966	1,597
Share-based compensation expenses	5,776	5,776			5,776
Ending Balance at Sep. 30, 2024	$ 1,148,274	$ 1,117,049	$ 667	$ 115	$ 377,345	$ 2,376,908	$ (1,408,832)	$ (229,154)	$ 31,225

Condensed Consolidated Statem_4

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
Cash flows from operating activities:
Net income including noncontrolling interests	$ 71,534	$ 241,288
Adjustments to reconcile net income to net cash from operating activities:
Depreciation and amortization	75,416	79,629
Non-cash impairment and other charges	96,819	24,882
Share-based compensation expenses related to equity classified awards	20,308	19,671
Non-cash restructuring and other related charges	1,641	11,916
Amortization and write-off of program rights	641,706	626,685
Amortization of deferred carriage fees	18,362	15,662
Unrealized foreign currency transaction (gain) loss	(5,311)	7,778
Amortization of deferred financing costs and discounts on indebtedness	5,375	5,876
Deferred income taxes	(9,857)	2,973
Other, net	(562)	(2,775)
Changes in assets and liabilities:
Accounts receivable, trade (including amounts due from related parties, net)	18,012	48,570
Prepaid expenses and other assets	184,066	141,596
Program rights and obligations, net	(691,545)	(844,332)
Deferred revenue	2,847	(65,548)
Accounts payable, accrued liabilities and other liabilities	(111,304)	(182,732)
Net cash provided by operating activities	317,507	131,139
Cash flows from investing activities:
Capital expenditures	(24,252)	(28,392)
Return of capital from investees	1,379	696
Proceeds from sale of investments	0	8,565
Other investing activities, net	2,706	(103)
Net cash used in investing activities	(20,167)	(19,234)
Cash flows from financing activities:
Proceeds from the issuance of 10.25% Senior Secured Notes due 2029, net	862,969	0
Proceeds from the issuance of 4.25% Convertible Senior Notes due 2029, net	139,437	0
Principal payments on Term Loan A Facility	(233,750)	(25,313)
Payments for financing costs	(10,450)	(342)
Deemed repurchases of restricted stock units	(4,626)	(7,229)
Principal payments on finance lease obligations	(3,461)	(3,134)
Distributions to noncontrolling interests	(18,000)	(47,546)
Purchase of noncontrolling interests	0	(1,343)
Net cash used in financing activities	(52,739)	(84,907)
Net increase in cash and cash equivalents from operations	244,601	26,998
Effect of exchange rate changes on cash and cash equivalents	1,200	(1,813)
Cash and cash equivalents at beginning of period	570,576	930,002
Cash and cash equivalents at end of period	816,377	955,187
4.75% Senior Notes due 2025 | Senior Notes
Cash flows from financing activities:
Repayments of senior debt	(774,729)	0
4.25% Senior Notes due 2029 | Senior Notes
Cash flows from financing activities:
Repayments of senior debt	$ (10,129)	$ 0

Condensed Consolidated Statem_5

Condensed Consolidated Statements of Cash Flows (Parenthetical)	Sep. 30, 2024	Jun. 30, 2024	Jun. 21, 2024	Apr. 22, 2024	Apr. 09, 2024	Dec. 31, 2023
10.25% Senior Secured Notes due 2029 | Senior Notes
Interest rate	10.25%		10.25%		10.25%
4.25% Convertible Senior Notes due 2029 | Senior Notes
Interest rate			4.25%
4.25% Convertible Senior Notes due 2029 | Convertible Debt
Interest rate	4.25%	4.25%	4.25%
4.75% Senior Notes due 2025 | Senior Notes
Interest rate	4.75%			4.75%		4.75%
4.25% Senior Notes due 2029 | Senior Notes
Interest rate	4.25%	4.25%	4.25%			4.25%

Description of Business and Bas

Description of Business and Basis of Presentation	9 Months Ended
	Sep. 30, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Description of Business and Basis of Presentation	Description of Business and Basis of Presentation Description of Business AMC Networks Inc. ("AMC Networks") and its subsidiaries (collectively referred to as the "Company," "we," "us," or "our") own and operate entertainment businesses and assets. The Company is comprised of two operating segments: • Domestic Operations: Includes our five national programming networks, our streaming services, our AMC Studios operation and our film distribution business. Our programming networks are AMC, WE tv, BBC AMERICA ("BBCA"), IFC, and SundanceTV. Our streaming services consist of AMC+ and our targeted subscription streaming services (Acorn TV, Shudder, Sundance Now, ALLBLK, and HIDIVE). Our AMC Studios operation produces original programming for our programming services and third parties and also licenses programming worldwide. Our film distribution business includes IFC Films, RLJ Entertainment Films and Shudder. The operating segment also includes AMC Networks Broadcasting & Technology, our technical services business, which primarily services the programming networks. • International : AMC Networks International ("AMCNI"), our international programming businesses consisting of a portfolio of channels distributed around the world. In 2024, the Company updated the name of its previously titled "International and Other" operating segment to "International" due to the divestiture of the 25/7 Media business on December 29, 2023, which was the sole component of the operating segment that comprised “Other.” This update does not constitute a change in segment reporting, but rather an update in name only. Prior period segment information contained in this report includes the results of the 25/7 Media business through the date of divestiture. Principles of Consolidation The consolidated financial statements include the accounts of AMC Networks and its subsidiaries in which a controlling financial interest is maintained or variable interest entities ("VIEs") in which the Company has determined it is the primary beneficiary. All intercompany transactions and balances have been eliminated in consolidation. Investments in business entities in which the Company lacks control but does have the ability to exercise significant influence over operating and financial policies are accounted for using the equity method of accounting. Unaudited Interim Financial Statements These condensed consolidated financial statements have been prepared in accordance with U.S. generally accepted accounting principles ("GAAP") for interim financial information and Article 10 of Regulation S-X of the Securities and Exchange Commission ("SEC"), and should be read in conjunction with the Company's consolidated financial statements and notes thereto for the year ended December 31, 2023 contained in the Company's Annual Report on Form 10-K (our "2023 Form 10-K") filed with the SEC. The condensed consolidated financial statements presented in this Quarterly Report on Form 10-Q are unaudited; however, in the opinion of management, such financial statements reflect all adjustments, consisting solely of normal recurring adjustments, necessary for a fair presentation of the results for the interim periods presented. The results of operations for interim periods are not necessarily indicative of the results that might be expected for future interim periods or for the full year ending December 31, 2024. Use of Estimates The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent liabilities at the date of the financial statements; and the reported amounts of revenues and expenses during the reported period. Actual results could differ from those estimates. Significant estimates and judgments inherent in the preparation of the consolidated financial statements include the useful lives and methodologies used to amortize and assess recoverability of program rights, the estimated useful lives of intangible assets and the valuation and recoverability of goodwill and intangible assets. Reclassifications Certain reclassifications were made to the prior period amounts to conform to the current period presentation. Recently Issued Accounting Pronouncements In December 2023, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") No. 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures. ASU 2023-09 is intended to enhance the transparency and decision usefulness of income tax information through improvements to income tax disclosures primarily related to the rate reconciliation and income taxes paid information. The Company will incorporate the required disclosure updates for the 2025 annual financial statements.

Revenue Recognition

Revenue Recognition	9 Months Ended
	Sep. 30, 2024
Revenue from Contract with Customer [Abstract]
Revenue Recognition	Revenue Recognition Transaction Price Allocated to Future Performance Obligations As of September 30, 2024, other than contracts for which the Company has applied the practical expedients, the aggregate amount of transaction price allocated to future performance obligations was not material to our consolidated revenues. Contract Balances from Contracts with Customers The following table provides information about receivables, contract assets, and contract liabilities from contracts with customers. (In thousands) September 30, 2024 December 31, 2023 Balances from contracts with customers: Accounts receivable (including long-term receivables within Other assets) $ 714,894 $ 750,390 Contract assets, short-term (included in Prepaid expenses and other current assets) — 2,364 Contract liabilities, short-term (Deferred revenue) 68,682 65,736 Revenue recognized for the nine months ended September 30, 2024 and 2023 relating to the contract liabilities at December 31, 2023 and 2022 was $46.5 million and $102.6 million, respectively . During the second quarter of 2024, we recognized revenues of $13.4 million for a one-time retroactive adjustment reported and paid by a third party, for which our performance obligation was satisfied in a prior period. In October 2023, the Company entered into an agreement enabling it to sell certain customer receivables to a financial institution on a recurring basis for cash. The transferred receivables will be fully guaranteed by a bankruptcy-remote entity and the financial institution that purchases the receivables will have no recourse to the Company's other assets in the event of non-payment by the customers. The Company can sell an indefinite amount of customer receivables under the agreement on a revolving basis, but the outstanding balance of unpaid customer receivables to the financial institution cannot exceed the initial program limit of $125.0 million at any given time. As of September 30, 2024, the Company had not yet sold any customer receivables under this agreement.

Net Income per Share

Net Income per Share	9 Months Ended
	Sep. 30, 2024
Earnings Per Share [Abstract]
Net Income per Share	Net Income per Share Net income per basic share is based upon net income attributable to AMC Networks' stockholders divided by the weighted average number of shares of Class A and Class B Common Stock outstanding during the period. Net income per diluted share reflects the dilutive effects of AMC Networks' outstanding equity-based awards and the assumed conversion of the 4.25% Convertible Senior Notes due 2029 (the "Convertible Notes") issued in June 2024. (In thousands) Three Months Ended September 30, Nine Months Ended September 30, 2024 2023 2024 2023 Net income attributable to AMC Networks' stockholders used for basic net income per share $ 41,382 $ 63,424 $ 57,951 $ 237,273 Add: Convertible Notes interest expense, net of tax 1,144 — 1,260 — Net income attributable to AMC Networks' stockholders used for diluted net income per share $ 42,526 $ 63,424 $ 59,211 $ 237,273 Basic weighted average common shares outstanding 44,607 43,951 44,381 43,786 Effect of dilution: Restricted stock units 257 90 456 119 Convertible Notes 11,285 — 4,201 — Diluted weighted average common shares outstanding 56,149 44,041 49,038 43,905 Net income per share attributable to AMC Networks' stockholders: Basic $ 0.93 $ 1.44 $ 1.31 $ 5.42 Diluted $ 0.76 $ 1.44 $ 1.21 $ 5.40 For the three and nine months ended September 30, 2024, 2.8 million of restricted stock units ("RSUs") have been excluded from the diluted weighted average common shares outstanding, as their impact would have been antidilutive. For the three and nine months ended September 30, 2023, 1.9 million of RSUs have been excluded from diluted weighted average common shares outstanding, as their impact would have been antidilutive. Stock Repurchase Program The Company's Board of Directors previously authorized a program to repurchase up to $1.5 billion of its outstanding shares of common stock (the "Stock Repurchase Program"). The Stock Repurchase Program has no pre-established termination date and may be suspended or discontinued at any time. For the three and nine months ended September 30, 2024 and 2023, the Company did not repurchase any shares of its Class A Common Stock. As of September 30, 2024, the Company had $135.3 million of authorization remaining for repurchase under the Stock Repurchase Program.

Restructuring and Other Related

Restructuring and Other Related Charges	9 Months Ended
	Sep. 30, 2024
Restructuring and Related Activities [Abstract]
Restructuring and Other Related Charges	Restructuring and Other Related Charges Restructuring and other related charges were $3.5 million for t he three months ended September 30, 2024, consisting primarily of severance and employee-related costs, and $6.4 million for t he nine months ended September 30, 2024, consisting primarily of severance and employee-related costs, as well as content impairments in connection wit h WE tv shifting to a reduced originals strategy. Restructuring and other related charges were $10.6 million and $22.5 million for t he three and nine months ended September 30, 2023 , respectively, related to a restructuring plan (the "Plan") that commenced on November 28, 2022. During the third quarter of 2023, the Company exited a portion of its office space in its corporate headquarters in New York and all of its office space in Silver Spring, Maryland and Woodland Hills, California. In connection with exiting a portion of the New York office, the Company recorded impairment charges of $11.6 million, consisting of $9.1 million for operating lease right-of use assets and $2.5 million for leasehold improvements. Fair values used to determine the impairment charge were determined using an income approach, specifically a discounted cash flow ("DCF") model. The DCF model includes significant assumptions about sublease income and enterprise specific discount rates. Given the uncertainty in determining assumptions underlying the DCF approach, actual results may differ from those used in the valuations. The remaining charges for the nine months ended September 30, 2023 consisted primarily of severance and other personnel costs in connection with the Plan. The following table summarizes the restructuring and other related charges recognized by operating segment: (In thousands) Three Months Ended September 30, Nine Months Ended September 30, 2024 2023 2024 2023 Domestic Operations $ 3,454 $ (783) $ 6,385 $ 3,940 International — (4) — 1,642 Corporate / Inter-segment eliminations 42 11,350 42 16,955 Total restructuring and other related charges $ 3,496 $ 10,563 $ 6,427 $ 22,537 The following table summarizes the accrued restructuring and other related costs: (In thousands) Severance and Employee-Related Costs Content Impairments and Other Exit Costs Total Balance at December 31, 2023 $ 8,726 $ 5,008 $ 13,734 Charges 5,370 1,057 6,427 Cash payments (7,725) (2,626) (10,351) Non-cash adjustments — (1,641) (1,641) Other (902) (103) (1,005) Balance at September 30, 2024 $ 5,469 $ 1,695 $ 7,164

Program Rights

Program Rights	9 Months Ended
	Sep. 30, 2024
Film, Disclosures [Abstract]
Program Rights	Program Rights Total capitalized produced and licensed content by predominant monetization strategy is as follows: September 30, 2024 (In thousands) Predominantly Monetized Individually Predominantly Monetized as a Group Total Owned original program rights, net: Completed $ 76,360 $ 655,968 $ 732,328 In-production and in-development — 286,056 286,056 Total owned original program rights, net $ 76,360 $ 942,024 $ 1,018,384 Licensed program rights, net: Licensed film and acquired series $ 384 $ 574,710 $ 575,094 Licensed originals — 110,282 110,282 Advances and other production costs — 81,004 81,004 Total licensed program rights, net 384 765,996 766,380 Program rights, net $ 76,744 $ 1,708,020 $ 1,784,764 Current portion of program rights, net $ 9,136 Program rights, net (long-term) 1,775,628 $ 1,784,764 December 31, 2023 (In thousands) Predominantly Monetized Individually Predominantly Monetized as a Group Total Owned original program rights, net: Completed $ 139,363 $ 532,839 $ 672,202 In-production and in-development — 284,455 284,455 Total owned original program rights, net $ 139,363 $ 817,294 $ 956,657 Licensed program rights, net: Licensed film and acquired series $ 973 $ 599,607 $ 600,580 Licensed originals 1,555 169,489 171,044 Advances and other production costs — 82,252 82,252 Total licensed program rights, net 2,528 851,348 853,876 Program rights, net $ 141,891 $ 1,668,642 $ 1,810,533 Current portion of program rights, net $ 7,880 Program rights, net (long-term) 1,802,653 $ 1,810,533 Amortization, including write-offs, of owned and licensed program rights, included in Technical and operating expenses in the condensed consolidated statements of income, is as follows: Three Months Ended September 30, 2024 Nine Months Ended September 30, 2024 (In thousands) Predominantly Monetized Individually Predominantly Monetized as a Group Total Predominantly Monetized Individually Predominantly Monetized as a Group Total Owned original program rights $ 20,707 $ 77,289 $ 97,996 $ 62,872 $ 215,959 $ 278,831 Licensed program rights 148 128,846 128,994 1,980 360,895 362,875 Program rights amortization $ 20,855 $ 206,135 $ 226,990 $ 64,852 $ 576,854 $ 641,706 Three Months Ended September 30, 2023 Nine Months Ended September 30, 2023 (In thousands) Predominantly Monetized Individually Predominantly Monetized as a Group Total Predominantly Monetized Individually Predominantly Monetized as a Group Total Owned original program rights $ 21,116 $ 63,800 $ 84,916 $ 101,947 $ 165,547 $ 267,494 Licensed program rights 485 110,898 111,383 2,620 356,571 359,191 Program rights amortization $ 21,601 $ 174,698 $ 196,299 $ 104,567 $ 522,118 $ 626,685 For programming rights predominantly monetized individually or as a group, the Company periodically reviews the programming usefulness of licensed and owned original program rights based on several factors, including expected future revenue generation from airings on the Company's networks and streaming services and other exploitation opportunities, ratings, type and quality of program material, standards and practices, and fitness for exhibition through various forms of distribution. If events or changes in circumstances indicate that the fair value of a film predominantly monetized individually or a film group is less than its unamortized cost, the Company will write off the excess to technical and operating expenses in the condensed consolidated statements of income. Program rights with no future programming usefulness are substantively abandoned resulting in the write-off of remaining unamortized cost. There were no significant program rights write-offs included in technical and operating expenses f or the three and nine months ended September 30, 2024 or 2023. In the normal course of business, the Company may qualify for tax incentives through eligible investments in productions. Receivables related to tax incentives earned on production spend as of September 30, 2024 consisted of $150.6 million recorded in Prepaid expenses and other current assets and $57.8 million recorded in Other assets. Receivables related to tax incentives earned on production spend as of December 31, 2023 consisted of $230.3 million recorded in Prepaid expenses and other current assets and $49.9 million recorded in Other assets.

Investments

Investments	9 Months Ended
	Sep. 30, 2024
Investments [Abstract]
Investments	Investments The Company holds several investments in and loans to non-consolidated entities which are included in Other assets in the condensed consolidated balance sheet. Equity Method Investments Equity method investments were $84.4 million and $83.1 million at September 30, 2024 and December 31, 2023, respectively. Non-marketable Equity Securities Investments in non-marketable equity securities were $43.9 million and $41.6 million a t September 30, 2024 and December 31, 2023, respectively. No gains or losses were recorded on non-marketable equity securities for the three and nine months ended September 30, 2024, or the three months ended September 30, 2023. During the nine months ended September 30, 2023, the Company recognized impairment charges of $1.7 million on certain investments, which are included in Miscellaneous, net in the condensed consolidated statements of income.

Goodwill and Other Intangible A

Goodwill and Other Intangible Assets	9 Months Ended
	Sep. 30, 2024
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Other Intangible Assets	Goodwill and Other Intangible Assets The carrying amount of goodwill, by operating segment is as follows: (In thousands) Domestic Operations International Total December 31, 2023 $ 348,732 $ 277,764 $ 626,496 Impairment charge — (68,004) (68,004) Foreign currency translation — 708 708 September 30, 2024 $ 348,732 $ 210,468 $ 559,200 Impairment and other charges for the nine months ended September 30, 2024 included a $68.0 million goodwill impairment charge at AMCNI recorded in the second quarter of 2024, as further discussed below. As of September 30, 2024 and December 31, 2023, accumulated impairment charges in the International segment totaled $253.5 million and $185.5 million, respectively, inclusive of the 25/7 Media impairment charges recorded in 2023 prior to the divestiture of that business in December 2023. The following tables summarize information relating to the Company's identifiable intangible assets: (In thousands) September 30, 2024 Gross Accumulated Amortization Net Estimated Useful Lives Amortizable intangible assets: Affiliate and customer relationships $ 622,236 $ (459,881) $ 162,355 6 to 25 years Advertiser relationships 46,282 (46,282) — 11 years Trade names and other amortizable intangible assets 90,770 (46,267) 44,503 3 to 20 years Total amortizable intangible assets 759,288 (552,430) 206,858 Indefinite-lived intangible assets: Trademarks 19,900 — 19,900 Total intangible assets $ 779,188 $ (552,430) $ 226,758 (In thousands) December 31, 2023 Gross Accumulated Amortization Net Amortizable intangible assets: Affiliate and customer relationships $ 618,778 $ (421,968) $ 196,810 Advertiser relationships 46,282 (42,806) 3,476 Trade names and other amortizable intangible assets 91,134 (42,762) 48,372 Total amortizable intangible assets 756,194 (507,536) 248,658 Indefinite-lived intangible assets: Trademarks 19,900 — 19,900 Total intangible assets $ 776,094 $ (507,536) $ 268,558 Aggregate amortization expense for amortizable intangible assets for the three months ended September 30, 2024 and 2023 was $7.9 million and $9.8 million, respectively, and for the nine months ended September 30, 2024 and 2023 was $26.1 million and $30.7 million, respectively. Excluding the $15.7 million impairment charge associated with BBCA recorded in the second quarter of 2024, as discussed below, estimated aggregate amortization expense for intangible assets subject to amortization for each of the following five years is: (In thousands) Years Ending December 31, 2024 $ 34,069 2025 30,748 2026 29,764 2027 24,979 2028 22,808 Impairment Test of Long-Lived Assets and Goodwill Impairment and other charges of $96.8 million for the nine months ended September 30, 2024 primarily consisted of a $68.0 million goodwill impairment charge at AMCNI and $29.2 million of long-lived asset impairment charges at BBCA, both of which were recorded in the second quarter of 2024. Impairment and other charges of $30.3 million for the nine months ended September 30, 2023 consisted primarily of goodwill and long-lived asset impairment charges of $24.9 million at 25/7 Media. Goodwill is not amortized, but instead is tested for impairment at the reporting unit annually as of December 1, or more frequently upon the occurrence of certain events or substantive changes in circumstances. During the second quarter of 2024, the Company determined that a triggering event had occurred with respect to the Company's decline in stock price. Accordingly, the Company performed quantitative assessments for all reporting units. The fair values were determined using a combination of an income approach, using a DCF model and a market comparables approach. The DCF model includes significant assumptions about revenue growth rates, long-term growth rates, and enterprise specific discount rates. Additionally, the market comparables approach uses guideline company valuation multiples. Given the uncertainty in determining assumptions underlying the DCF approach, actual results may differ from those used in the valuation s. Based on the valuations performed, the Company concluded that the estimated fair value of the AMCNI reporting unit declined to less than its carrying amount. As a result, the Company recognized an impairment charge of $68.0 million rel ated to the AMCNI reporting unit, included in Impairment and other charges in the condensed consolidated statements of income. No impairment charges were required for our other reporting unit. Additionally during the second quarter of 2024, given continued market challenges and linear declines, the Company determined that sufficient indicators of potential impairment of long-lived assets existed at BBCA, and concluded that the carrying amount of the BBCA asset group was not recoverable. The carrying value of the BBCA asset group exceeded its fair value, and accordingly an impairment charge of $15.7 million was recorded for identifiable intangible assets and $13.5 million for other long-lived assets, which is included in Impairment and other charges in the condensed consolidated statements of income within the Domestic Operations operating segment. Fair values were determined using a market approach. During the second quarter of 2023, and prior to its divestiture in December 2023, the Company revised its outlook for the 25/7 Media business, resulting in lower expected future cash flows. The Company performed a recoverability test and determined that the carrying amount of the 25/7 Media asset group was not recoverable. The carrying value of the asset group exceeded its fair value, therefore an impairment charge of $23.0 million was recorded for identifiable intangible assets, which is included in Impairment and other charges in the condensed consolidated statements of income within the International operating segment. Fair values used to determine the impairment charge were determined using an income approach, specifically a DCF model, and a market comparables approach.

Accrued Liabilities

Accrued Liabilities	9 Months Ended
	Sep. 30, 2024
Accrued Liabilities, Current [Abstract]
Accrued Liabilities	Accrued Liabilities Accrued liabilities consist of the following: (In thousands) September 30, 2024 December 31, 2023 Employee related costs $ 80,649 $ 93,866 Participations and residuals 157,027 164,375 Interest 25,981 31,749 Other accrued expenses 41,957 95,848 Total accrued liabilities $ 305,614 $ 385,838

Long-term Debt

Long-term Debt	9 Months Ended
	Sep. 30, 2024
Debt Disclosure [Abstract]
Long-term Debt	Long-term Debt The following table summarizes the Company's long-term debt included in the condensed consolidated balance sheet as follows: (In thousands) September 30, 2024 December 31, 2023 Senior Secured Credit Facility: (a) Term Loan A Facility $ 373,750 $ 607,500 Senior Notes: 4.75% Senior Notes due August 2025 — 774,729 10.25% Senior Secured Notes due January 2029 875,000 — 4.25% Senior Notes due February 2029 985,010 1,000,000 4.25% Convertible Senior Notes due February 2029 143,750 — Total long-term debt 2,377,510 2,382,229 Unamortized discount (26,423) (13,873) Unamortized deferred financing costs (8,526) (6,607) Long-term debt, net 2,342,561 2,361,749 Current portion of long-term debt 7,500 67,500 Noncurrent portion of long-term debt $ 2,335,061 $ 2,294,249 (a) Represents the aggregate principal amount of the debt, with maturities of Term Loan A (Non-Extended) $90.0 million due February 2026, Term Loan A (Extended) $283.8 million due April 2028, and undrawn $175.0 million Revolving Credit Facility (as defined below) due April 2028. Total undrawn revolver commitments are available to be drawn for general corporate purposes of the Company. 4.25% Senior Notes due 2029 In June 2024, the Company repurchased $15.0 million of its outstanding 4.25% Senior Notes due 2029 through open market repurchases, at a discount of $4.9 million, and retired the repurchased notes. The Company recorded a $4.7 million gain which reflects the discount, net of $0.2 million to write off a portion of the unamortized discount and deferred financing costs associated with the notes. The $4.7 million gain is included in Loss on extinguishment of debt, net within the condensed consolidated statements of income. 4.25% Convertible Senior Notes due 2029 On June 21, 2024, the Company completed a private unregistered offering of $143.8 million aggregate principal amount of its Convertible Notes, which amount includes the full exercise of the initial purchasers’ option to purchase additional Convertible Notes. The Company received net proceeds of $139.4 million, after deducting initial purchasers' discounts. The Convertible Notes are guaranteed by each of the Company’s existing and future domestic subsidiaries that guarantee the Company’s credit facilities and the Company’s 4.25% Senior Notes due 2029 and 10.25% Senior Secured Notes due 2029 (the “Guarantors”), subject to certain exceptions, on a senior, unsecured basis. The Convertible Notes were issued pursuant to an Indenture, dated as of June 21, 2024 (the “Convertible Notes Indenture”), among the Company, the Guarantors and U.S. Bank Trust Company, National Association, as trustee (“Trustee”). The Convertible Notes bear interest at a rate of 4.25% per year, payable semi-annually in arrears on February 15 and August 15 of each year, beginning on February 15, 2025. The Convertible Notes will mature on February 15, 2029, unless earlier redeemed, repurchased or converted. Subject to the terms of the Convertible Notes Indenture, the Convertible Notes may be converted at an initial conversion rate of 78.5083 shares of Class A common stock, par value $0.01 per share, of the Company (“Class A Common Stock”) per $1,000 principal amount of Convertible Notes (equivalent to an initial conversion price of approximately $12.74 per share of Class A Common Stock). Upon conversion of the Convertible Notes, the Company will pay or deliver, as the case may be, cash, shares of Class A Common Stock or a combination of cash and shares of Class A Common Stock, at the Company’s election, as described in the Convertible Notes Indenture. Holders of the Convertible Notes may convert their Convertible Notes at their option at any time on or after November 15, 2028 until the close of business on the second scheduled trading day immediately preceding the maturity date. Holders of the Convertible Notes will also have the right to convert the Convertible Notes prior to November 15, 2028, but only upon the occurrence of specified events described in the Convertible Notes Indenture. The conversion rate is subject to antidilution adjustments if certain events occur. Prior to August 20, 2027, the Convertible Notes will not be redeemable. On or after August 20, 2027, the Company may redeem for cash all or part of the Convertible Notes (subject to certain exceptions), at its option, if the last reported sale price of the Class A Common Stock has been at least 130% of the conversion price then in effect for at least 20 trading days (whether or not consecutive) during any period of 30 consecutive trading days (including the last trading day of such period) ending on, and including, the trading day immediately preceding the date on which the Company provides notice of redemption at a redemption price equal to 100% of the principal amount of the Convertible Notes to be redeemed, plus accrued and unpaid interest to, but not including, the redemption date. No sinking fund is provided for the Convertible Notes. If certain corporate events (each defined in the Convertible Notes Indenture as a “Make-Whole Fundamental Change”) occur prior to the maturity date of the Convertible Notes, and a holder elects to convert its Convertible Notes in connection with such corporate event, the Company will, under certain circumstances, increase the conversion rate for the Convertible Notes so surrendered for conversion by a number of additional shares of Class A Common Stock as specified in the Convertible Notes Indenture. No adjustment to the conversion rate will be made if the price paid or deemed to be paid per share of Class A Common Stock in such corporate event is either less than $10.19 per share or exceeds $130.00 per share. If a specified “Fundamental Change” (as defined in the Convertible Notes Indenture) occurs prior to the maturity date of the Convertible Notes, under certain circumstances each holder may require the Company to repurchase all or part of its Convertible Notes at a repurchase price equal to 100% of the principal amount, plus accrued and unpaid interest to, but not including, the repurchase date. Under the Convertible Notes Indenture, the Convertible Notes may be accelerated upon the occurrence of certain events of default. In the case of an event of default with respect to the Convertible Notes arising from specified events of bankruptcy or insolvency of the Company or the Company’s Significant Subsidiaries (as defined in the Convertible Notes Indenture), 100% of the principal of and accrued and unpaid interest on the Convertible Notes will automatically become due and payable. If any other event of default with respect to the Convertible Notes under the Convertible Notes Indenture occurs or is continuing, the Trustee or holders of at least 25% in aggregate principal amount of the then outstanding Convertible Notes may declare the principal amount of and accrued and unpaid interest, if any, on the Convertible Notes to be immediately due and payable. Amendment to Credit Agreement On April 9, 2024, AMC Networks entered into Amendment No. 3 ("Amendment No. 3") to the Second Amended and Restated Credit Agreement, dated as of July 28, 2017 (as amended to date and by Amendment No. 3, the “Credit Agreement”), among AMC Networks and its subsidiary, AMC Network Entertainment LLC (“AMC Network Entertainment”), as the initial borrowers, certain of AMC Networks' subsidiaries, as restricted subsidiaries, Bank of America, N.A., as an L/C Issuer, the lenders party thereto and JPMorgan Chase Bank, N.A., as Administrative Agent, Collateral Agent and an L/C Issuer. In connection with Amendment No. 3, AMC Networks made a $165.6 million partial prepayment of the Term Loan A facility under the Credit Agreement (the “Term Loan A Facility”), bringing the total principal amount outstanding under the Term Loan A Facility to $425 million, and reduced the revolving credit facility under the Credit Agreement (the “Revolving Credit Facility”) to $175 million. In addition, pursuant to Amendment No. 3, the maturity date of $325 million principal amount of loans under the Term Loan A Facility as well as all of the commitments under the Revolving Credit Facility has been extended to April 9, 2028. The maturity date of the remaining $100 million principal amount of loans under the Term Loan A Facility continues to be February 8, 2026. Amendment No. 3 also includes certain other modifications to covenants and other provisions of the Credit Agreement. In connection with the $165.6 million partial prepayment of the Term Loan A Facility and the modification of the revolving loan commitments, the Company recorded a charge of $1.3 million to write off a portion of the unamortized discount and deferred financing costs associated with the Credit Agreement, which is included in Loss on extinguishment of debt, net within the condensed consolidated statements of income. During each of the second and third quarters of 2024, the Company repaid $8.1 million of borrowings under the Term Loan A Facility in accordance with the terms of the amended agreement. During the third quarter of 2024, the Company also voluntarily prepaid $35.0 million of borrowings under the Term Loan A Facility. In connection with this prepayment, the Company recorded a charge of $0.4 million to write-off a portion of the associated unamortized discount and deferred financing costs, which is included in Loss on extinguishment of debt, net within the condensed consolidated statements of income. In March 2024, the Company also repaid $16.9 million of borrowings under the Term Loan A Facility in accordance with the previous agreement. 10.25% Senior Secured Notes due 2029 On April 9, 2024, AMC Networks issued $875 million aggregate principal amount of 10.25% Senior Secured Notes due 2029 (the “Secured Notes”). AMC Networks received net proceeds of $863 million, after deducting initial purchasers' discounts. The Secured Notes are guaranteed by AMC Network Entertainment and AMC Networks' subsidiaries that guarantee the Credit Agreement. The Secured Notes were issued pursuant to an Indenture, dated as of April 9, 2024 (the “Secured Notes Indenture”), among AMC Networks, the Guarantors and U.S. Bank Trust Company, National Association, as Trustee. The Secured Notes accrue interest at a rate of 10.25% per annum and mature on January 15, 2029. Interest is payable semiannually on January 15 and July 15 of each year, commencing on July 15, 2024. The Secured Notes are AMC Networks’ general senior secured obligations, secured on a first-priority basis by substantially all of AMC Networks’ and the Guarantors’ assets and property, subject to certain liens permitted under the Secured Notes Indenture, and rank equally with all of AMC Networks’ existing and future senior indebtedness, senior in right of payment to AMC Networks’ future subordinated indebtedness and effectively senior to any of AMC Networks’ existing and future unsecured indebtedness or indebtedness that is secured by a lien ranking junior to the lien securing the Secured Notes, in each case, to the extent of the value of the collateral. On or after January 15, 2026, AMC Networks may redeem the Secured Notes, at its option, in whole or in part, at any time and from time to time, at the redemption prices (expressed as percentages of principal amount) set forth below, plus accrued and unpaid interest thereon, to the applicable redemption date, if redeemed during the twelve month period beginning on January 15 of the years indicated below: Year Percentage 2026 105.125% 2027 102.563% 2028 and thereafter 100.000% In addition to the optional redemption of the Secured Notes described above, at any time prior to January 15, 2026, AMC Networks may redeem up to 40% of the aggregate principal amount of the Secured Notes at a redemption price equal to 110.250% of the principal amount thereof, plus accrued and unpaid interest and additional interest, if any, using the net proceeds of certain equity offerings. At any time prior to January 15, 2026, AMC Networks may also redeem up to 10% of the aggregate principal amount of the Secured Notes during any twelve month period at a redemption price equal to 103.000% of the aggregate principal amount thereof, plus accrued and unpaid interest thereon to, but excluding, the redemption date. Finally, at any time prior to January 15, 2026, AMC Networks may redeem the Secured Notes, at its option in whole or in part, at any time, at a redemption price equal to 100% of the principal amount thereof to be redeemed plus the “Applicable Premium” calculated as described in the Secured Notes Indenture at the Treasury rate + 50 basis points, and accrued and unpaid interest thereon, if any, to, but excluding, the redemption date. Tender Offer and Redemption of 4.75% Senior Notes due 2025 On April 22, 2024, AMC Networks completed a cash tender offer (the "Offer") to purchase any and all outstanding 4.75% Senior Notes due 2025 and redeemed all 4.75% Senior Notes due 2025 that remained outstanding after completion of the Offer at a price of 100.000% of their principal amount, plus accrued and unpaid interest to, but not including, the redemption date. In connection with the Offer and redemption, the Company recorded a charge of $3.1 million to write off the remaining unamortized discount and deferred financing costs associated with the 4.75% Senior Notes due 2025, which is included in Loss on extinguishment of debt, net within the condensed consolidated statements of income.

Leases

Leases	9 Months Ended
	Sep. 30, 2024
Leases [Abstract]
Leases	Leases The following table summarizes the leases included in the condensed consolidated balance sheets as follows: (In thousands) Balance Sheet Location September 30, 2024 December 31, 2023 Assets Operating Operating lease right-of-use assets $ 64,513 $ 71,163 Finance Property and equipment, net 9,060 9,884 Total lease assets $ 73,573 $ 81,047 Liabilities Current: Operating Current portion of lease obligations $ 29,456 $ 28,971 Finance Current portion of lease obligations 5,067 4,688 $ 34,523 $ 33,659 Noncurrent: Operating Lease obligations $ 58,508 $ 72,797 Finance Lease obligations 10,611 14,443 $ 69,119 $ 87,240 Total lease liabilities $ 103,642 $ 120,899
Leases	Leases The following table summarizes the leases included in the condensed consolidated balance sheets as follows: (In thousands) Balance Sheet Location September 30, 2024 December 31, 2023 Assets Operating Operating lease right-of-use assets $ 64,513 $ 71,163 Finance Property and equipment, net 9,060 9,884 Total lease assets $ 73,573 $ 81,047 Liabilities Current: Operating Current portion of lease obligations $ 29,456 $ 28,971 Finance Current portion of lease obligations 5,067 4,688 $ 34,523 $ 33,659 Noncurrent: Operating Lease obligations $ 58,508 $ 72,797 Finance Lease obligations 10,611 14,443 $ 69,119 $ 87,240 Total lease liabilities $ 103,642 $ 120,899

Fair Value Measurement

Fair Value Measurement	9 Months Ended
	Sep. 30, 2024
Fair Value Disclosures [Abstract]
Fair Value Measurement	Fair Value Measurement The fair value hierarchy is based on inputs to valuation techniques that are used to measure fair value that are either observable or unobservable. Observable inputs reflect assumptions market participants would use in pricing an asset or liability based on market data obtained from independent sources while unobservable inputs reflect a reporting entity's pricing based upon their own market assumptions. The fair value hierarchy consists of the following three levels: • Level I - Quoted prices for identical instruments in active markets. • Level II - Quoted prices for similar instruments in active markets; quoted prices for identical or similar instruments in markets that are not active; and model-derived valuations whose inputs are observable or whose significant value drivers are observable. • Level III - Instruments whose significant value drivers are unobservable. The following table presents for each of these hierarchy levels, the Company's financial assets and liabilities that are measured at fair value on a recurring basis at September 30, 2024 and December 31, 2023: (In thousands) Level I Level II Level III Total At September 30, 2024: Assets Cash equivalents $ 191,597 $ — $ — $ 191,597 Foreign currency derivatives — 7,621 — 7,621 Liabilities Foreign currency derivatives — 1,662 — 1,662 At December 31, 2023: Assets Foreign currency derivatives $ — $ 8,277 $ — $ 8,277 Liabilities Foreign currency derivatives — 2,295 — 2,295 The Company's cash equivalents (comprised of money market mutual funds) are classified within Level I of the fair value hierarchy because they are valued using quoted market prices. The Company's foreign currency derivatives are classified within Level II of the fair value hierarchy as their fair values are determined based on a market approach valuation technique that uses readily observable market parameters and the consideration of counterparty risk. At September 30, 2024 and December 31, 2023, the Company did not have any material assets or liabilities measured at fair value on a recurring basis that would be considered Level III. Fair value measurements are also used in nonrecurring valuations performed in connection with acquisition accounting and impairment testing. These nonrecurring valuations primarily include the valuation of program rights, goodwill, intangible assets and property and equipment. All of our nonrecurring valuations use significant unobservable inputs and therefore fall under Level III of the fair value hierarchy. Credit Facility Debt and Senior Notes The fair values of each of the Company's debt instruments are based on quoted market prices for the same or similar issues or on the current rates offered to the Company for instruments of the same remaining maturities. The carrying values and estimated fair values of the Company's financial instruments, excluding those that are carried at fair value in the condensed consolidated balance sheets, are summarized as follows: (In thousands) September 30, 2024 Carrying Estimated Debt instruments: Term Loan A Facility $ 367,352 $ 373,723 10.25% Senior Secured Notes due 2029 861,099 899,063 4.25% Senior Notes due 2029 974,938 709,207 4.25% Convertible Senior Notes due 2029 139,172 130,456 $ 2,342,561 $ 2,112,449 (In thousands) December 31, 2023 Carrying Estimated Debt instruments: Term Loan A Facility $ 602,551 $ 577,884 4.75% Senior Notes due 2025 771,013 745,677 4.25% Senior Notes due 2029 988,185 780,670 $ 2,361,749 $ 2,104,231 Fair value estimates related to the Company's debt instruments presented above are made at a specific point in time, based on relevant market information and information about the financial instrument. These estimates are subjective in nature and involve uncertainties and matters of significant judgments and therefore cannot be determined with precision. Changes in assumptions could significantly affect the estimates.

Derivative Financial Instrument

Derivative Financial Instruments	9 Months Ended
	Sep. 30, 2024
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative Financial Instruments	Derivative Financial Instruments Foreign Currency Exchange Rate Risk We are exposed to foreign currency risk to the extent that we enter into transactions denominated in currencies other than one of our subsidiaries' respective functional currencies (non-functional currency risk), such as affiliation agreements, programming contracts, certain trade receivables and accounts payable (including intercompany amounts) that are denominated in a currency other than the applicable functional currency. The fair values of the Company's derivative financial instruments included in the condensed consolidated balance sheets are as follows: (In thousands) Balance Sheet Location September 30, 2024 December 31, 2023 Derivatives not designated as hedging instruments: Assets: Foreign currency derivatives Prepaid expenses and other current assets $ 1,319 $ 378 Foreign currency derivatives Other assets 6,302 7,899 Liabilities: Foreign currency derivatives Accrued liabilities $ 788 $ 1,065 Foreign currency derivatives Current portion of program rights obligations — 8 Foreign currency derivatives Other liabilities 874 1,222 The amounts of gains and losses related to the Company's derivative financial instruments not designated as hedging instruments are as follows: (In thousands) Location of Gain (Loss) Recognized in Earnings on Derivatives Amount of Gain (Loss) Recognized in Earnings on Derivatives Three Months Ended September 30, Nine Months Ended September 30, 2024 2023 2024 2023 Foreign currency derivatives Miscellaneous, net $ 473 $ (736) $ (318) $ 9,077

Income Taxes

Income Taxes	9 Months Ended
	Sep. 30, 2024
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes For the three and nine months ended September 30, 2024, income tax expense was $19.9 million on income from operations before income taxes of $66.3 million, and $54.4 million on income from operations before income taxes of $126.0 million, respectively, representing an effective tax rate of 30% and 43%, respectively. The effective tax rate for the nine months ended September 30, 2024 was impacted by the $68.0 million nondeductible goodwill impairment charge at AMCNI. Inclusive of the nondeductible goodwill impairment charge, items resulting in variances from the federal statutory rate of 21% for the three and nine months ended September 30, 2024 primarily consisted of state and local income tax expense, tax expense from foreign operations, tax expense for an increase in the valuation allowance for foreign taxes and tax expense related to non-deductible compensation. For the three and nine months ended September 30, 2023, income tax expense was $23.7 million on income from operations before income taxes of $91.6 million, and $82.7 million on income from operations before income taxes of $324.0 million, respectively, representing an effective tax rate of 26% for both periods. The items resulting in variances from the federal statutory rate of 21% for the three and nine months ended September 30, 2023 primarily consisted of state and local income tax expense and tax expense related to non-deductible compensation. At September 30, 2024, the Company had foreign tax credit carry forwards of $55.2 million, expiring on various dates from 2024 through 2034. These carryforwards have been reduced to zero by a valuation allowance of $55.2 million as it is more likely than not that these carry forwards will not be realized. During the second quarter of 2024, $28.6 million of cash and cash equivalents, previously held by foreign subsidiaries, was repatriated to the United States. Our consolidated cash and cash equivalents balance of $816.4 million, as of September 30, 2024, included $142.9 million held by foreign subsidiaries. Of this amount, approximately $35.0 million is expected to be repatriated to the United States with the remaining amount continuing to be reinvested in foreign operations. Tax expense related to the repatriated amount, as well as the expected remaining repatriation amount, has been accrued and we do not expect to incur any significant, additional taxes related to the remaining balance.

Commitments and Contingencies

Commitments and Contingencies	9 Months Ended
	Sep. 30, 2024
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies Commitments As of September 30, 2024, the Company's contractual obligations not reflected on the Company's condensed consolidated balance sheet increased $180.8 million, as compared to December 31, 2023, to $1,054.4 million. The increase was primarily driven by the execution of new long-term third-party service contracts. Legal Matters On August 14, 2017, Robert Kirkman, Robert Kirkman, LLC, Glen Mazzara, 44 Strong Productions, Inc., David Alpert, Circle of Confusion Productions, LLC, New Circle of Confusion Productions, Inc., Gale Anne Hurd, and Valhalla Entertainment, Inc. f/k/a Valhalla Motion Pictures, Inc. (together, the "Plaintiffs") filed a complaint in California Superior Court in connection with Plaintiffs’ rendering of services as writers and producers of the television series entitled The Walking Dead, as well as Fear the Walking Dead and/or Talking Dead, and the agreements between the parties related thereto (the "Walking Dead Litigation"). The Plaintiffs asserted that the Company had been improperly underpaying the Plaintiffs under their contracts with the Company and they asserted claims for breach of contract, breach of the implied covenant of good faith and fair dealing, inducing breach of contract, and liability for violation of Cal. Bus. & Prof. Code § 17200. The Plaintiffs sought compensatory and punitive damages and restitution. On August 8, 2019, the judge in the Walking Dead Litigation ordered a trial to resolve certain issues of contract interpretation only. Following eight days of trial in February and March 2020, on July 22, 2020, the judge issued a Statement of Decision finding in the Company's favor on all seven matters of contract interpretation before the court in this first phase trial. On January 20, 2021, the Plaintiffs filed a second amended complaint, eliminating eight named defendants and their claims under Cal. Bus. & Prof. Code § 17200. On May 5, 2021, the Plaintiffs filed a third amended complaint, repleading in part their claims for alleged breach of the implied covenant of good faith and fair dealing, inducing breach of contract, and certain breach of contract claims. On June 2, 2021, the Company filed a demurrer and motion to strike seeking to dismiss the claim for breach of the implied covenant of good faith and fair dealing and certain tort and breach of contract claims asserted in the third amended complaint. On July 27, 2021, the court granted in part and denied in part the Company's motion. On January 12, 2022, the Company filed a motion for summary adjudication of many of the remaining claims. On April 6, 2022, the court granted the Company’s summary adjudication motion in part, dismissing the Plaintiffs’ claims for breach of the implied covenant of good faith and fair dealing and inducing breach of contract. On January 26, 2023, the Plaintiffs filed a notice of appeal of the court’s post-trial, demurrer, and summary adjudication decisions. On September 25, 2024, a hearing was held on the Plaintiffs’ appeals. On November 4, 2024, the appellate court issued a decision affirming the trial court’s decisions in favor of the Company in the 2021 first phase trial and the 2022 motion for summary judgment. The parties entered into an agreement to resolve through confidential binding arbitration the remaining claims in the litigation (consisting mainly of ordinary course profit participation audit claims), and as a result, the court formally dismissed the case. The arbitration to resolve the two remaining claims for breach of contract was held between October 16 through October 20, 2023. On March 12, 2024, the arbitral panel issued a decision awarding the Plaintiffs the sum of approximately $7.8 million. The arbitral panel's decision did not have a material impact on the Company's financial condition or results of operations. On November 14, 2022, the Plaintiffs filed a separate complaint in California Superior Court (the “MFN Litigation”) in connection with the Company’s July 16, 2021 settlement agreement with Frank Darabont (“Darabont”), Ferenc, Inc., Darkwoods Productions, Inc., and Creative Artists Agency, LLC (the “Darabont Parties”), which resolved litigations the Darabont Parties had brought in connection with Darabont's rendering services as a writer, director and producer of the television series entitled The Walking Dead and the agreement between the parties related thereto (the “Darabont Settlement”). Plaintiffs assert claims for breach of contract, alleging that the Company breached the most favored nations (“MFN”) provisions of Plaintiffs’ contracts with the Company by failing to pay them additional contingent compensation as a result of the Darabont Settlement (the “MFN Litigation”). Plaintiffs claim in the MFN Litigation that they are entitled to actual and compensatory damages in excess of $200 million. The Plaintiffs also brought a cause of action to enjoin an arbitration the Company commenced in May 2022 concerning the same dispute. On December 15, 2022, the Company removed the MFN Litigation to the United States District Court for the Central District of California. On January 13, 2023, the Company filed a motion to dismiss the MFN Litigation and informed the court that the Company had withdrawn the arbitration Plaintiffs sought to enjoin. On March 25, 2024, the Court issued a ruling denying the Company’s motion to dismiss and the parties are currently conducting discovery. The trial for this matter, initially scheduled for September 17, 2024, has been rescheduled to October 27, 2025 . The Company believes that the asserted claims are without merit and will vigorously defend against them if they are not dismissed. At this time, no determination can be made as to the ultimate outcome of this litigation or the potential liability, if any, on the part of the Company. The Company has been a party to actions and claims arising from alleged violations of the federal Video Privacy Protection Act (the “VPPA”) and analogous state laws. In addition to putative class actions, the Company faced a series of arbitration claims managed by multiple plaintiffs’ law firms. The class action complaints and the arbitration claims all alleged that the Company’s use of a Meta Platforms, Inc. pixel on the websites for certain of its subscription video services and channels violated the privacy protection provisions of the VPPA and its state law analogues. On October 27, 2023, the Company reached a settlement with multiple plaintiffs relating to their pending class actions alleging violations of the VPPA and analogous state laws with respect to the Company's subscription video services. On May 16, 2024, the class action settlement was approved by the United States District Court for the Southern District of New York. The Company has also reached settlements to resolve the arbitration claims. All of the settlements reached by the Company in connection with these matters were reimbursed by the Company’s insurance carriers. The Company is party to various lawsuits and claims in the ordinary course of business, including the matters described above, as well as other lawsuits and claims relating to employment, intellectual property, and privacy and data protection matters. Although the outcome of these matters cannot be predicted with certainty and while the impact of these matters on the Company's results of operations in any particular subsequent reporting period could be material, management does not believe that the resolution of these matters will have a material adverse effect on the financial position of the Company or the ability of the Company to meet its financial obligations as they become due.

Equity Plans

Equity Plans	9 Months Ended
	Sep. 30, 2024
Share-Based Payment Arrangement [Abstract]
Equity Plans	Equity Plans During the third quarter of 2024, AMC Networks granted 12,968 RSUs under the 2011 Stock Plan for Non-Employee Directors to a non-employee director that vested on the date of grant. During the second quarter of 2024, AMC Networks granted 104,546 RSUs under the 2011 Stock Plan for Non-Employee Directors to non-employee directors that vested on the date of grant. During the first quarter of 2024, AMC Networks granted 2,025,265 RSUs to certain executive officers and employees under the AMC Networks Inc. Amended and Restated 2016 Employee Stock Plan, which vest ratably over a three-year period. There were no RSU vests for employees during the three months ended September 30, 2024. During the nine months ended September 30, 2024, 914,296 RSUs previously issued to employees of the Company vested. On the vesting dat e, 377,717 RSUs were surrendered to AMC Networks to cover the required statutory tax withholding obligations an d 536,579 shares of AMC Networks Class A Common Stock were issued. Units are surrendered to satisfy the employees' statutory minimu m tax withholding obligations for the applicable income and other employment tax. The units surrendered during the nine months ended September 30, 2024 h ad an aggregate value of $4.6 million , which has been reflected as a financing activity in the condensed consolidated statement of cash flows for the nine months ended September 30, 2024. The Company recorded share-based compensation expenses of $5.8 million and $20.3 million for the three and nine months ended September 30, 2024, respectively, and $6.4 million and $19.9 million (including $0.2 million recorded as part of Restructuring and other related charges) for the three and nine months ended September 30, 2023, respectively. Share-based compensation expenses are recognized in the condensed consolidated statements of income as part of Selling, general and administrative expenses. As of September 30, 2024, there was $30.2 million of total unrecognized share-based compensation cost related to outstanding unvested share-based awards. The unrecognized compensation cost is expected to be recognized over a weighted average remaining period of approximately 2.0 years .

Redeemable Noncontrolling Inter

Redeemable Noncontrolling Interests	9 Months Ended
	Sep. 30, 2024
Noncontrolling Interest [Abstract]
Redeemable Noncontrolling Interests	Redeemable Noncontrolling Interests In connection with the Company's previous acquisitions of New Video Channel America L.L.C (owner of the cable channel BBCA) and RLJ Entertainment, the terms of the acquisition agreements provide the noncontrolling members with a right to put all of their noncontrolling interest to subsidiaries of the Company at a future time. Since the exercise of these put rights is outside the Company's control, the noncontrolling interest in each entity is presented as a redeemable noncontrolling interest outside of stockholders' equity on the Company's condensed consolidated balance sheet. The following tables summarize activity related to redeemable noncontrolling interest for the three and nine months ended September 30, 2024 and 2023: (In thousands) Three Months Ended September 30, 2024 June 30, 2024 $ 180,065 Net earnings 3,813 Distributions (1,480) Adjustment to redemption fair value 2,784 September 30, 2024 $ 185,182 (In thousands) Three Months Ended September 30, 2023 June 30, 2023 $ 241,486 Net earnings 4,056 Distributions (20,142) September 30, 2023 $ 225,400 (In thousands) Nine Months Ended September 30, 2024 December 31, 2023 $ 185,297 Net earnings 3,380 Distributions (11,807) Adjustment to redemption fair value 8,312 September 30, 2024 $ 185,182 (In thousands) Nine Months Ended September 30, 2023 December 31, 2022 $ 253,669 Net earnings 17,126 Distributions (45,395) September 30, 2023 $ 225,400 On November 1, 2024, the Company closed a transaction with BBC Studios in which it acquired the remaining 50.1% of the BBC America joint-venture that it had not previously owned for $42.0 million in cash. The Company now owns 100% of the BBC America business, with full operational control, and will continue to fully consolidate BBC America.

Related Party Transactions

Related Party Transactions	9 Months Ended
	Sep. 30, 2024
Related Party Transactions [Abstract]
Related Party Transactions	Related Party Transactions The Company and its related parties enter into transactions with each other in the ordinary course of business. Revenues, net from related parties amounted to $1.3 million for each of the three months ended September 30, 2024 and 2023, and $3.9 million for each of the nine months ended September 30, 2024 and 2023. Amounts charged to the Company, included in Selling, general and administrative expenses, pursuant to transactions with its related parties amounted to $0.2 million and $0.9 million for the three months ended September 30, 2024 and 2023, respectively, and $0.7 million and $7.5 million for the nine months ended September 30, 2024 and 2023, respectively.

Cash Flows

Cash Flows	9 Months Ended
	Sep. 30, 2024
Cash Flow, Noncash Investing and Financing Activities Disclosure [Abstract]
Cash Flows	Cash Flows The following table details the Company's non-cash investing and financing activities and other supplemental data: (In thousands) Nine Months Ended September 30, 2024 2023 Non-Cash Investing and Financing Activities: Operating lease additions $ 8,269 $ 3,171 Capital expenditures incurred but not yet paid 1,651 2,243 Supplemental Data: Cash interest paid 121,419 123,715 Income tax payments, net 9,970 28,829

Segment Information

Segment Information	9 Months Ended
	Sep. 30, 2024
Segment Reporting [Abstract]
Segment Information	Segment Information The Company classifies its operations into two operating segments: Domestic Operations and International. These operating segments represent strategic business units that are managed separately. In 2024, the Company updated the name of its previously titled "International and Other" operating segment to "International" due to the divestiture of the 25/7 Media business on December 29, 2023, which was the sole component of the operating segment that comprised “Other.” This update does not constitute a change in segment reporting, but rather an update in name only. Prior period segment information contained in this report includes the results of the 25/7 Media business through the date of divestiture. The Company evaluates segment performance based on several factors, of which the primary financial measure is operating segment adjusted operating income ("AOI"). The Company defines AOI as operating income (loss) before depreciation and amortization, cloud computing amortization, share-based compensation expenses or benefit, impairment and other charges (including gains or losses on sales or dispositions of businesses), restructuring and other related charges and including the Company’s proportionate share of adjusted operating income (loss) from majority-owned equity method investees. The Company has presented the components that reconcile adjusted operating income to operating income, and other information as to the continuing operations of the Company's operating segments below. (In thousands) Three Months Ended September 30, 2024 Domestic Operations International Corporate / Inter-segment Consolidated Revenues, net Subscription $ 316,002 $ 48,510 $ — $ 364,512 Content licensing and other 81,102 2,742 (4,335) 79,509 Distribution and other 397,104 51,252 (4,335) 444,021 Advertising 133,139 22,454 — 155,593 Consolidated revenues, net $ 530,243 $ 73,706 $ (4,335) $ 599,614 Operating income (loss) $ 129,978 $ 8,702 $ (45,027) $ 93,653 Share-based compensation expenses 2,608 775 2,393 5,776 Depreciation and amortization 8,695 4,065 10,337 23,097 Restructuring and other related charges 3,454 — 42 3,496 Cloud computing amortization 3,272 — — 3,272 Majority-owned equity investees AOI 2,182 — — 2,182 Adjusted operating income (loss) $ 150,189 $ 13,542 $ (32,255) $ 131,476 (In thousands) Three Months Ended September 30, 2023 Domestic Operations International Corporate / Inter-segment Consolidated Revenues, net Subscription $ 332,135 $ 56,173 $ — $ 388,308 Content licensing and other 61,916 22,150 (1,842) 82,224 Distribution and other 394,051 78,323 (1,842) 470,532 Advertising 147,147 19,275 — 166,422 Consolidated revenues, net $ 541,198 $ 97,598 $ (1,842) $ 636,954 Operating income (loss) $ 161,627 $ 7,985 $ (48,762) $ 120,850 Share-based compensation expenses 3,494 815 2,069 6,378 Depreciation and amortization 11,536 4,271 12,202 28,009 Impairment and other charges 5,400 — — 5,400 Restructuring and other related charges (credits) (783) (4) 11,350 10,563 Cloud computing amortization 5 — 2,331 2,336 Majority-owned equity investees AOI 3,732 — — 3,732 Adjusted operating income (loss) $ 185,011 $ 13,067 $ (20,810) $ 177,268 (In thousands) Nine Months Ended September 30, 2024 Domestic Operations International Corporate / Inter-segment Consolidated Revenues, net Subscription $ 961,136 $ 148,963 $ — $ 1,110,099 Content licensing and other 209,431 8,942 (10,157) 208,216 Distribution and other 1,170,567 157,905 (10,157) 1,318,315 Advertising 422,193 81,501 — 503,694 Consolidated revenues, net $ 1,592,760 $ 239,406 $ (10,157) $ 1,822,009 Operating income (loss) $ 374,730 $ (26,484) $ (133,627) $ 214,619 Share-based compensation expenses 8,586 2,446 9,276 20,308 Depreciation and amortization 29,522 12,241 33,653 75,416 Impairment and other charges 28,815 68,004 — 96,819 Restructuring and other related charges 6,385 — 42 6,427 Cloud computing amortization 10,103 — — 10,103 Majority-owned equity investees AOI 9,715 — — 9,715 Adjusted operating income (loss) $ 467,856 $ 56,207 $ (90,656) $ 433,407 (In thousands) Nine Months Ended September 30, 2023 Domestic Operations International Corporate / Inter-segment Consolidated Revenues, net Subscription $ 1,013,419 $ 170,143 $ — $ 1,183,562 Content licensing and other 246,093 76,668 (6,816) 315,945 Distribution and other 1,259,512 246,811 (6,816) 1,499,507 Advertising 475,359 58,163 — 533,522 Consolidated revenues, net $ 1,734,871 $ 304,974 $ (6,816) $ 2,033,029 Operating income (loss) $ 523,645 $ 10,422 $ (134,212) $ 399,855 Share-based compensation expenses 10,133 2,500 7,038 19,671 Depreciation and amortization 35,053 13,944 30,632 79,629 Impairment and other charges 5,400 24,882 — 30,282 Restructuring and other related charges 3,940 1,642 16,955 22,537 Cloud computing amortization 15 — 6,800 6,815 Majority-owned equity investees AOI 11,019 — — 11,019 Adjusted operating income (loss) $ 589,205 $ 53,390 $ (72,787) $ 569,808 Subscription revenues in the Domestic Operations segment include revenues related to the Company's streaming services of $152.0 million and $142.5 million for the three months ended September 30, 2024 and 2023, respectively, and $447.3 million and $420.8 million for the nine months ended September 30, 2024 and 2023, respectively. Corporate overhead costs not allocated to the segments include costs such as executive salaries and benefits and costs of maintaining corporate headquarters, facilities and common support functions. Inter-segment eliminations are primarily licensing revenues recognized between the Domestic Operations and International segments. (In thousands) Three Months Ended September 30, Nine Months Ended September 30, 2024 2023 2024 2023 Inter-segment revenues Domestic Operations $ (3,737) $ (1,825) $ (7,025) $ (6,451) International (598) (17) (3,132) (365) $ (4,335) $ (1,842) $ (10,157) $ (6,816) The table below summarizes revenues based on customer location: (In thousands) Three Months Ended September 30, Nine Months Ended September 30, 2024 2023 2024 2023 Revenues United States $ 481,390 $ 524,044 $ 1,452,897 $ 1,681,909 Europe 80,492 76,332 260,618 233,817 Other 37,732 36,578 108,494 117,303 $ 599,614 $ 636,954 $ 1,822,009 $ 2,033,029 One customer within the Domestic Operations segment accounted for approximately 16% and 15% of consolidated revenues, net for the three and nine months ended September 30, 2024, respectively. For the three and nine months ended September 30, 2023, one customer within the Domestic Operations segment accounted for approximately 12% and 13%, respectively, of consolidated revenues. The table below summarizes property and equipment based on asset location: (In thousands) September 30, 2024 December 31, 2023 Property and equipment, net United States $ 122,607 $ 146,314 Europe 11,035 11,850 Other 1,442 1,073 $ 135,084 $ 159,237

Description of Business and B_2

Description of Business and Basis of Presentation (Policies)	9 Months Ended
	Sep. 30, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Principles of Consolidation	Principles of Consolidation The consolidated financial statements include the accounts of AMC Networks and its subsidiaries in which a controlling financial interest is maintained or variable interest entities ("VIEs") in which the Company has determined it is the primary beneficiary. All intercompany transactions and balances have been eliminated in consolidation.
Unaudited Interim Financial Statements	Unaudited Interim Financial Statements These condensed consolidated financial statements have been prepared in accordance with U.S. generally accepted accounting principles ("GAAP") for interim financial information and Article 10 of Regulation S-X of the Securities and Exchange Commission ("SEC"), and should be read in conjunction with the Company's consolidated financial statements and notes thereto for the year ended December 31, 2023 contained in the Company's Annual Report on Form 10-K (our "2023 Form 10-K") filed with the SEC. The condensed consolidated financial statements presented in this Quarterly Report on Form 10-Q are unaudited; however, in the opinion of management, such financial statements reflect all adjustments, consisting solely of normal recurring adjustments, necessary for a fair presentation of the results for the interim periods presented. The results of operations for interim periods are not necessarily indicative of the results that might be expected for future interim periods or for the full year ending December 31, 2024.
Use of Estimates	Use of Estimates The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent liabilities at the date of the financial statements; and the reported amounts of revenues and expenses during the reported period. Actual results could differ from those estimates. Significant estimates and judgments inherent in the preparation of the consolidated financial statements include the useful lives and methodologies used to amortize and assess recoverability of program rights, the estimated useful lives of intangible assets and the valuation and recoverability of goodwill and intangible assets.
Reclassifications	Reclassifications Certain reclassifications were made to the prior period amounts to conform to the current period presentation.
Recently Issued Accounting Pronouncements	Recently Issued Accounting Pronouncements In December 2023, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") No. 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures. ASU 2023-09 is intended to enhance the transparency and decision usefulness of income tax information through improvements to income tax disclosures primarily related to the rate reconciliation and income taxes paid information. The Company will incorporate the required disclosure updates for the 2025 annual financial statements.
Program Rights	For programming rights predominantly monetized individually or as a group, the Company periodically reviews the programming usefulness of licensed and owned original program rights based on several factors, including expected future revenue generation from airings on the Company's networks and streaming services and other exploitation opportunities, ratings, type and quality of program material, standards and practices, and fitness for exhibition through various forms of distribution. If events or changes in circumstances indicate that the fair value of a film predominantly monetized individually or a film group is less than its unamortized cost, the Company will write off the excess to technical and operating expenses in the condensed consolidated statements of income. Program rights with no future programming usefulness are substantively abandoned resulting in the write-off of remaining unamortized cost.
Fair Value Measurement	The fair value hierarchy is based on inputs to valuation techniques that are used to measure fair value that are either observable or unobservable. Observable inputs reflect assumptions market participants would use in pricing an asset or liability based on market data obtained from independent sources while unobservable inputs reflect a reporting entity's pricing based upon their own market assumptions. The fair value hierarchy consists of the following three levels: • Level I - Quoted prices for identical instruments in active markets. • Level II - Quoted prices for similar instruments in active markets; quoted prices for identical or similar instruments in markets that are not active; and model-derived valuations whose inputs are observable or whose significant value drivers are observable. • Level III - Instruments whose significant value drivers are unobservable.

Revenue Recognition (Tables)

Revenue Recognition (Tables)	9 Months Ended
	Sep. 30, 2024
Revenue from Contract with Customer [Abstract]
Schedule of Contract with Customer, Asset and Liability	The following table provides information about receivables, contract assets, and contract liabilities from contracts with customers. (In thousands) September 30, 2024 December 31, 2023 Balances from contracts with customers: Accounts receivable (including long-term receivables within Other assets) $ 714,894 $ 750,390 Contract assets, short-term (included in Prepaid expenses and other current assets) — 2,364 Contract liabilities, short-term (Deferred revenue) 68,682 65,736

Net Income per Share (Tables)

Net Income per Share (Tables)	9 Months Ended
	Sep. 30, 2024
Earnings Per Share [Abstract]
Schedule of Weighted Average Number of Shares	Net income per basic share is based upon net income attributable to AMC Networks' stockholders divided by the weighted average number of shares of Class A and Class B Common Stock outstanding during the period. Net income per diluted share reflects the dilutive effects of AMC Networks' outstanding equity-based awards and the assumed conversion of the 4.25% Convertible Senior Notes due 2029 (the "Convertible Notes") issued in June 2024. (In thousands) Three Months Ended September 30, Nine Months Ended September 30, 2024 2023 2024 2023 Net income attributable to AMC Networks' stockholders used for basic net income per share $ 41,382 $ 63,424 $ 57,951 $ 237,273 Add: Convertible Notes interest expense, net of tax 1,144 — 1,260 — Net income attributable to AMC Networks' stockholders used for diluted net income per share $ 42,526 $ 63,424 $ 59,211 $ 237,273 Basic weighted average common shares outstanding 44,607 43,951 44,381 43,786 Effect of dilution: Restricted stock units 257 90 456 119 Convertible Notes 11,285 — 4,201 — Diluted weighted average common shares outstanding 56,149 44,041 49,038 43,905 Net income per share attributable to AMC Networks' stockholders: Basic $ 0.93 $ 1.44 $ 1.31 $ 5.42 Diluted $ 0.76 $ 1.44 $ 1.21 $ 5.40

Restructuring and Other Relat_2

Restructuring and Other Related Charges (Tables)	9 Months Ended
	Sep. 30, 2024
Restructuring and Related Activities [Abstract]
Schedule of Summary of Accrued Restructuring Costs	The following table summarizes the restructuring and other related charges recognized by operating segment: (In thousands) Three Months Ended September 30, Nine Months Ended September 30, 2024 2023 2024 2023 Domestic Operations $ 3,454 $ (783) $ 6,385 $ 3,940 International — (4) — 1,642 Corporate / Inter-segment eliminations 42 11,350 42 16,955 Total restructuring and other related charges $ 3,496 $ 10,563 $ 6,427 $ 22,537 The following table summarizes the accrued restructuring and other related costs: (In thousands) Severance and Employee-Related Costs Content Impairments and Other Exit Costs Total Balance at December 31, 2023 $ 8,726 $ 5,008 $ 13,734 Charges 5,370 1,057 6,427 Cash payments (7,725) (2,626) (10,351) Non-cash adjustments — (1,641) (1,641) Other (902) (103) (1,005) Balance at September 30, 2024 $ 5,469 $ 1,695 $ 7,164

Program Rights (Tables)

Program Rights (Tables)	9 Months Ended
	Sep. 30, 2024
Film, Disclosures [Abstract]
Schedule of Program Rights by Predominant Monetization Strategy	Total capitalized produced and licensed content by predominant monetization strategy is as follows: September 30, 2024 (In thousands) Predominantly Monetized Individually Predominantly Monetized as a Group Total Owned original program rights, net: Completed $ 76,360 $ 655,968 $ 732,328 In-production and in-development — 286,056 286,056 Total owned original program rights, net $ 76,360 $ 942,024 $ 1,018,384 Licensed program rights, net: Licensed film and acquired series $ 384 $ 574,710 $ 575,094 Licensed originals — 110,282 110,282 Advances and other production costs — 81,004 81,004 Total licensed program rights, net 384 765,996 766,380 Program rights, net $ 76,744 $ 1,708,020 $ 1,784,764 Current portion of program rights, net $ 9,136 Program rights, net (long-term) 1,775,628 $ 1,784,764 December 31, 2023 (In thousands) Predominantly Monetized Individually Predominantly Monetized as a Group Total Owned original program rights, net: Completed $ 139,363 $ 532,839 $ 672,202 In-production and in-development — 284,455 284,455 Total owned original program rights, net $ 139,363 $ 817,294 $ 956,657 Licensed program rights, net: Licensed film and acquired series $ 973 $ 599,607 $ 600,580 Licensed originals 1,555 169,489 171,044 Advances and other production costs — 82,252 82,252 Total licensed program rights, net 2,528 851,348 853,876 Program rights, net $ 141,891 $ 1,668,642 $ 1,810,533 Current portion of program rights, net $ 7,880 Program rights, net (long-term) 1,802,653 $ 1,810,533
Schedule of Amortization of Owned and Licensed Program Rights	Amortization, including write-offs, of owned and licensed program rights, included in Technical and operating expenses in the condensed consolidated statements of income, is as follows: Three Months Ended September 30, 2024 Nine Months Ended September 30, 2024 (In thousands) Predominantly Monetized Individually Predominantly Monetized as a Group Total Predominantly Monetized Individually Predominantly Monetized as a Group Total Owned original program rights $ 20,707 $ 77,289 $ 97,996 $ 62,872 $ 215,959 $ 278,831 Licensed program rights 148 128,846 128,994 1,980 360,895 362,875 Program rights amortization $ 20,855 $ 206,135 $ 226,990 $ 64,852 $ 576,854 $ 641,706 Three Months Ended September 30, 2023 Nine Months Ended September 30, 2023 (In thousands) Predominantly Monetized Individually Predominantly Monetized as a Group Total Predominantly Monetized Individually Predominantly Monetized as a Group Total Owned original program rights $ 21,116 $ 63,800 $ 84,916 $ 101,947 $ 165,547 $ 267,494 Licensed program rights 485 110,898 111,383 2,620 356,571 359,191 Program rights amortization $ 21,601 $ 174,698 $ 196,299 $ 104,567 $ 522,118 $ 626,685

Goodwill and Other Intangible_2

Goodwill and Other Intangible Assets (Tables)	9 Months Ended
	Sep. 30, 2024
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Goodwill	The carrying amount of goodwill, by operating segment is as follows: (In thousands) Domestic Operations International Total December 31, 2023 $ 348,732 $ 277,764 $ 626,496 Impairment charge — (68,004) (68,004) Foreign currency translation — 708 708 September 30, 2024 $ 348,732 $ 210,468 $ 559,200
Schedule of Finite-Lived Intangible Assets	The following tables summarize information relating to the Company's identifiable intangible assets: (In thousands) September 30, 2024 Gross Accumulated Amortization Net Estimated Useful Lives Amortizable intangible assets: Affiliate and customer relationships $ 622,236 $ (459,881) $ 162,355 6 to 25 years Advertiser relationships 46,282 (46,282) — 11 years Trade names and other amortizable intangible assets 90,770 (46,267) 44,503 3 to 20 years Total amortizable intangible assets 759,288 (552,430) 206,858 Indefinite-lived intangible assets: Trademarks 19,900 — 19,900 Total intangible assets $ 779,188 $ (552,430) $ 226,758 (In thousands) December 31, 2023 Gross Accumulated Amortization Net Amortizable intangible assets: Affiliate and customer relationships $ 618,778 $ (421,968) $ 196,810 Advertiser relationships 46,282 (42,806) 3,476 Trade names and other amortizable intangible assets 91,134 (42,762) 48,372 Total amortizable intangible assets 756,194 (507,536) 248,658 Indefinite-lived intangible assets: Trademarks 19,900 — 19,900 Total intangible assets $ 776,094 $ (507,536) $ 268,558
Schedule of Indefinite-Lived Intangible Assets	The following tables summarize information relating to the Company's identifiable intangible assets: (In thousands) September 30, 2024 Gross Accumulated Amortization Net Estimated Useful Lives Amortizable intangible assets: Affiliate and customer relationships $ 622,236 $ (459,881) $ 162,355 6 to 25 years Advertiser relationships 46,282 (46,282) — 11 years Trade names and other amortizable intangible assets 90,770 (46,267) 44,503 3 to 20 years Total amortizable intangible assets 759,288 (552,430) 206,858 Indefinite-lived intangible assets: Trademarks 19,900 — 19,900 Total intangible assets $ 779,188 $ (552,430) $ 226,758 (In thousands) December 31, 2023 Gross Accumulated Amortization Net Amortizable intangible assets: Affiliate and customer relationships $ 618,778 $ (421,968) $ 196,810 Advertiser relationships 46,282 (42,806) 3,476 Trade names and other amortizable intangible assets 91,134 (42,762) 48,372 Total amortizable intangible assets 756,194 (507,536) 248,658 Indefinite-lived intangible assets: Trademarks 19,900 — 19,900 Total intangible assets $ 776,094 $ (507,536) $ 268,558
Schedule of Estimated Amortization Expense	Excluding the $15.7 million impairment charge associated with BBCA recorded in the second quarter of 2024, as discussed below, estimated aggregate amortization expense for intangible assets subject to amortization for each of the following five years is: (In thousands) Years Ending December 31, 2024 $ 34,069 2025 30,748 2026 29,764 2027 24,979 2028 22,808

Accrued Liabilities (Tables)

Accrued Liabilities (Tables)	9 Months Ended
	Sep. 30, 2024
Accrued Liabilities, Current [Abstract]
Schedule of Accrued Liabilities	Accrued liabilities consist of the following: (In thousands) September 30, 2024 December 31, 2023 Employee related costs $ 80,649 $ 93,866 Participations and residuals 157,027 164,375 Interest 25,981 31,749 Other accrued expenses 41,957 95,848 Total accrued liabilities $ 305,614 $ 385,838

Long-term Debt (Tables)

Long-term Debt (Tables)	9 Months Ended
	Sep. 30, 2024
Debt Disclosure [Abstract]
Schedule of Long-Term Debt Instruments	The following table summarizes the Company's long-term debt included in the condensed consolidated balance sheet as follows: (In thousands) September 30, 2024 December 31, 2023 Senior Secured Credit Facility: (a) Term Loan A Facility $ 373,750 $ 607,500 Senior Notes: 4.75% Senior Notes due August 2025 — 774,729 10.25% Senior Secured Notes due January 2029 875,000 — 4.25% Senior Notes due February 2029 985,010 1,000,000 4.25% Convertible Senior Notes due February 2029 143,750 — Total long-term debt 2,377,510 2,382,229 Unamortized discount (26,423) (13,873) Unamortized deferred financing costs (8,526) (6,607) Long-term debt, net 2,342,561 2,361,749 Current portion of long-term debt 7,500 67,500 Noncurrent portion of long-term debt $ 2,335,061 $ 2,294,249 (a)
Schedule of Redeemed Percentage	On or after January 15, 2026, AMC Networks may redeem the Secured Notes, at its option, in whole or in part, at any time and from time to time, at the redemption prices (expressed as percentages of principal amount) set forth below, plus accrued and unpaid interest thereon, to the applicable redemption date, if redeemed during the twelve month period beginning on January 15 of the years indicated below: Year Percentage 2026 105.125% 2027 102.563% 2028 and thereafter 100.000%

Leases (Tables)

Leases (Tables)	9 Months Ended
	Sep. 30, 2024
Leases [Abstract]
Schedule of Summary of Leases Included in the Consolidated Balance Sheets	The following table summarizes the leases included in the condensed consolidated balance sheets as follows: (In thousands) Balance Sheet Location September 30, 2024 December 31, 2023 Assets Operating Operating lease right-of-use assets $ 64,513 $ 71,163 Finance Property and equipment, net 9,060 9,884 Total lease assets $ 73,573 $ 81,047 Liabilities Current: Operating Current portion of lease obligations $ 29,456 $ 28,971 Finance Current portion of lease obligations 5,067 4,688 $ 34,523 $ 33,659 Noncurrent: Operating Lease obligations $ 58,508 $ 72,797 Finance Lease obligations 10,611 14,443 $ 69,119 $ 87,240 Total lease liabilities $ 103,642 $ 120,899

Fair Value Measurement (Tables)

Fair Value Measurement (Tables)	9 Months Ended
	Sep. 30, 2024
Fair Value Disclosures [Abstract]
Schedule of Financial Assets and Liabilities Measured at Fair Value on a Recurring Basis	The following table presents for each of these hierarchy levels, the Company's financial assets and liabilities that are measured at fair value on a recurring basis at September 30, 2024 and December 31, 2023: (In thousands) Level I Level II Level III Total At September 30, 2024: Assets Cash equivalents $ 191,597 $ — $ — $ 191,597 Foreign currency derivatives — 7,621 — 7,621 Liabilities Foreign currency derivatives — 1,662 — 1,662 At December 31, 2023: Assets Foreign currency derivatives $ — $ 8,277 $ — $ 8,277 Liabilities Foreign currency derivatives — 2,295 — 2,295
Schedule of Carrying Values and Fair Values of the Company's Financial Instruments	The carrying values and estimated fair values of the Company's financial instruments, excluding those that are carried at fair value in the condensed consolidated balance sheets, are summarized as follows: (In thousands) September 30, 2024 Carrying Estimated Debt instruments: Term Loan A Facility $ 367,352 $ 373,723 10.25% Senior Secured Notes due 2029 861,099 899,063 4.25% Senior Notes due 2029 974,938 709,207 4.25% Convertible Senior Notes due 2029 139,172 130,456 $ 2,342,561 $ 2,112,449 (In thousands) December 31, 2023 Carrying Estimated Debt instruments: Term Loan A Facility $ 602,551 $ 577,884 4.75% Senior Notes due 2025 771,013 745,677 4.25% Senior Notes due 2029 988,185 780,670 $ 2,361,749 $ 2,104,231

Derivative Financial Instrume_2

Derivative Financial Instruments (Tables)	9 Months Ended
	Sep. 30, 2024
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of Fair Value of Derivative Instruments Included in Balance Sheets	The fair values of the Company's derivative financial instruments included in the condensed consolidated balance sheets are as follows: (In thousands) Balance Sheet Location September 30, 2024 December 31, 2023 Derivatives not designated as hedging instruments: Assets: Foreign currency derivatives Prepaid expenses and other current assets $ 1,319 $ 378 Foreign currency derivatives Other assets 6,302 7,899 Liabilities: Foreign currency derivatives Accrued liabilities $ 788 $ 1,065 Foreign currency derivatives Current portion of program rights obligations — 8 Foreign currency derivatives Other liabilities 874 1,222
Schedule of Other Derivatives Not Designated as Hedging Instruments, Statements of Financial Performance and Financial Position, Location	The amounts of gains and losses related to the Company's derivative financial instruments not designated as hedging instruments are as follows: (In thousands) Location of Gain (Loss) Recognized in Earnings on Derivatives Amount of Gain (Loss) Recognized in Earnings on Derivatives Three Months Ended September 30, Nine Months Ended September 30, 2024 2023 2024 2023 Foreign currency derivatives Miscellaneous, net $ 473 $ (736) $ (318) $ 9,077

Redeemable Noncontrolling Int_2

Redeemable Noncontrolling Interests (Tables)	9 Months Ended
	Sep. 30, 2024
Noncontrolling Interest [Abstract]
Schedule of Redeemable Noncontrolling Interest	The following tables summarize activity related to redeemable noncontrolling interest for the three and nine months ended September 30, 2024 and 2023: (In thousands) Three Months Ended September 30, 2024 June 30, 2024 $ 180,065 Net earnings 3,813 Distributions (1,480) Adjustment to redemption fair value 2,784 September 30, 2024 $ 185,182 (In thousands) Three Months Ended September 30, 2023 June 30, 2023 $ 241,486 Net earnings 4,056 Distributions (20,142) September 30, 2023 $ 225,400 (In thousands) Nine Months Ended September 30, 2024 December 31, 2023 $ 185,297 Net earnings 3,380 Distributions (11,807) Adjustment to redemption fair value 8,312 September 30, 2024 $ 185,182 (In thousands) Nine Months Ended September 30, 2023 December 31, 2022 $ 253,669 Net earnings 17,126 Distributions (45,395) September 30, 2023 $ 225,400

Cash Flows (Tables)

Cash Flows (Tables)	9 Months Ended
	Sep. 30, 2024
Cash Flow, Noncash Investing and Financing Activities Disclosure [Abstract]
Schedule of Summary of Non-Cash Activities and Other Supplemental Data	The following table details the Company's non-cash investing and financing activities and other supplemental data: (In thousands) Nine Months Ended September 30, 2024 2023 Non-Cash Investing and Financing Activities: Operating lease additions $ 8,269 $ 3,171 Capital expenditures incurred but not yet paid 1,651 2,243 Supplemental Data: Cash interest paid 121,419 123,715 Income tax payments, net 9,970 28,829

Segment Information (Tables)

Segment Information (Tables)	9 Months Ended
	Sep. 30, 2024
Segment Reporting [Abstract]
Schedule of Summary of Continuing Operations by Reportable Segment	The Company has presented the components that reconcile adjusted operating income to operating income, and other information as to the continuing operations of the Company's operating segments below. (In thousands) Three Months Ended September 30, 2024 Domestic Operations International Corporate / Inter-segment Consolidated Revenues, net Subscription $ 316,002 $ 48,510 $ — $ 364,512 Content licensing and other 81,102 2,742 (4,335) 79,509 Distribution and other 397,104 51,252 (4,335) 444,021 Advertising 133,139 22,454 — 155,593 Consolidated revenues, net $ 530,243 $ 73,706 $ (4,335) $ 599,614 Operating income (loss) $ 129,978 $ 8,702 $ (45,027) $ 93,653 Share-based compensation expenses 2,608 775 2,393 5,776 Depreciation and amortization 8,695 4,065 10,337 23,097 Restructuring and other related charges 3,454 — 42 3,496 Cloud computing amortization 3,272 — — 3,272 Majority-owned equity investees AOI 2,182 — — 2,182 Adjusted operating income (loss) $ 150,189 $ 13,542 $ (32,255) $ 131,476 (In thousands) Three Months Ended September 30, 2023 Domestic Operations International Corporate / Inter-segment Consolidated Revenues, net Subscription $ 332,135 $ 56,173 $ — $ 388,308 Content licensing and other 61,916 22,150 (1,842) 82,224 Distribution and other 394,051 78,323 (1,842) 470,532 Advertising 147,147 19,275 — 166,422 Consolidated revenues, net $ 541,198 $ 97,598 $ (1,842) $ 636,954 Operating income (loss) $ 161,627 $ 7,985 $ (48,762) $ 120,850 Share-based compensation expenses 3,494 815 2,069 6,378 Depreciation and amortization 11,536 4,271 12,202 28,009 Impairment and other charges 5,400 — — 5,400 Restructuring and other related charges (credits) (783) (4) 11,350 10,563 Cloud computing amortization 5 — 2,331 2,336 Majority-owned equity investees AOI 3,732 — — 3,732 Adjusted operating income (loss) $ 185,011 $ 13,067 $ (20,810) $ 177,268 (In thousands) Nine Months Ended September 30, 2024 Domestic Operations International Corporate / Inter-segment Consolidated Revenues, net Subscription $ 961,136 $ 148,963 $ — $ 1,110,099 Content licensing and other 209,431 8,942 (10,157) 208,216 Distribution and other 1,170,567 157,905 (10,157) 1,318,315 Advertising 422,193 81,501 — 503,694 Consolidated revenues, net $ 1,592,760 $ 239,406 $ (10,157) $ 1,822,009 Operating income (loss) $ 374,730 $ (26,484) $ (133,627) $ 214,619 Share-based compensation expenses 8,586 2,446 9,276 20,308 Depreciation and amortization 29,522 12,241 33,653 75,416 Impairment and other charges 28,815 68,004 — 96,819 Restructuring and other related charges 6,385 — 42 6,427 Cloud computing amortization 10,103 — — 10,103 Majority-owned equity investees AOI 9,715 — — 9,715 Adjusted operating income (loss) $ 467,856 $ 56,207 $ (90,656) $ 433,407 (In thousands) Nine Months Ended September 30, 2023 Domestic Operations International Corporate / Inter-segment Consolidated Revenues, net Subscription $ 1,013,419 $ 170,143 $ — $ 1,183,562 Content licensing and other 246,093 76,668 (6,816) 315,945 Distribution and other 1,259,512 246,811 (6,816) 1,499,507 Advertising 475,359 58,163 — 533,522 Consolidated revenues, net $ 1,734,871 $ 304,974 $ (6,816) $ 2,033,029 Operating income (loss) $ 523,645 $ 10,422 $ (134,212) $ 399,855 Share-based compensation expenses 10,133 2,500 7,038 19,671 Depreciation and amortization 35,053 13,944 30,632 79,629 Impairment and other charges 5,400 24,882 — 30,282 Restructuring and other related charges 3,940 1,642 16,955 22,537 Cloud computing amortization 15 — 6,800 6,815 Majority-owned equity investees AOI 11,019 — — 11,019 Adjusted operating income (loss) $ 589,205 $ 53,390 $ (72,787) $ 569,808
Schedule of Summary of Inter-Segment Eliminations	Inter-segment eliminations are primarily licensing revenues recognized between the Domestic Operations and International segments. (In thousands) Three Months Ended September 30, Nine Months Ended September 30, 2024 2023 2024 2023 Inter-segment revenues Domestic Operations $ (3,737) $ (1,825) $ (7,025) $ (6,451) International (598) (17) (3,132) (365) $ (4,335) $ (1,842) $ (10,157) $ (6,816)
Schedule of Revenue by Geographic Area	The table below summarizes revenues based on customer location: (In thousands) Three Months Ended September 30, Nine Months Ended September 30, 2024 2023 2024 2023 Revenues United States $ 481,390 $ 524,044 $ 1,452,897 $ 1,681,909 Europe 80,492 76,332 260,618 233,817 Other 37,732 36,578 108,494 117,303 $ 599,614 $ 636,954 $ 1,822,009 $ 2,033,029
Schedule of Disclosure on Geographic Areas, Long-Lived Assets	The table below summarizes property and equipment based on asset location: (In thousands) September 30, 2024 December 31, 2023 Property and equipment, net United States $ 122,607 $ 146,314 Europe 11,035 11,850 Other 1,442 1,073 $ 135,084 $ 159,237

Description of Business and B_3

Description of Business and Basis of Presentation (Details)	9 Months Ended
	Sep. 30, 2024 segment network
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Number of operating segments | segment	2
Number of national programming networks | network	5

Revenue Recognition (Contract w

Revenue Recognition (Contract with Customer, Asset and Liability) (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Revenue from Contract with Customer [Abstract]
Accounts receivable (including long-term receivables within Other assets)	$ 714,894	$ 750,390
Contract assets, short-term (included in Prepaid expenses and other current assets)	0	2,364
Contract liabilities, short-term (Deferred revenue)	$ 68,682	$ 65,736

Revenue Recognition (Narrative)

Revenue Recognition (Narrative) (Details) - USD ($) $ in Millions	1 Months Ended	3 Months Ended	9 Months Ended
	Oct. 31, 2023	Jun. 30, 2024	Sep. 30, 2024	Sep. 30, 2023
Revenue from Contract with Customer [Abstract]
Revenue recognized			$ 46.5	$ 102.6
One-time retroactive adjustment		$ 13.4
Maximum limit of unpaid customer receivables	$ 125

Net Income per Share (Narrative

Net Income per Share (Narrative) (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023	Jun. 30, 2024	Jun. 21, 2024
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Amount authorized under stock repurchase program	$ 1,500,000,000		$ 1,500,000,000
Available for repurchase under the stock repurchase program	$ 135,300,000		$ 135,300,000
Restricted stock units
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from EPS (in shares)	2,800,000	1,900,000	2,800,000	1,900,000
Class A Common Stock
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Number of shares repurchased (in shares)	0	0	0	0
4.25% Convertible Senior Notes due 2029 | Convertible Debt
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Interest rate	4.25%		4.25%		4.25%	4.25%

Net Income per Share (Reconcili

Net Income per Share (Reconciliation Between Basic and Diluted Weighted Average Shares Outstanding) (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Earnings Per Share [Abstract]
Net income attributable to AMC Networks' stockholders used for basic net income per share	$ 41,382	$ 63,424	$ 57,951	$ 237,273
Add: Convertible Notes interest expense, net of tax	1,144	0	1,260	0
Net income attributable to AMC Networks' stockholders used for diluted net income per share	$ 42,526	$ 63,424	$ 59,211	$ 237,273
Basic weighted average common shares outstanding (in shares)	44,607	43,951	44,381	43,786
Effect of dilution:
Restricted stock units (in shares)	257	90	456	119
Convertible Notes (in shares)	11,285	0	4,201	0
Diluted weighted average common shares outstanding (in shares)	56,149	44,041	49,038	43,905
Net income per share attributable to AMC Networks' stockholders:
Basic (in dollars per share)	$ 0.93	$ 1.44	$ 1.31	$ 5.42
Diluted (in dollars per share)	$ 0.76	$ 1.44	$ 1.21	$ 5.40

Restructuring and Other Relat_3

Restructuring and Other Related Charges (Narrative) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2023
Restructuring Cost and Reserve [Line Items]
Restructuring and other related charges	$ 3,496	$ 10,563	$ 6,427	$ 22,537
Impairment charges		11,600
Operating lease impairment charge		9,100
Impairment of leasehold improvements		2,500
Accrued restructuring costs	7,164		7,164		$ 13,734
Accrued liabilities
Restructuring Cost and Reserve [Line Items]
Accrued restructuring costs	7,200		7,200		12,100
Other liabilities
Restructuring Cost and Reserve [Line Items]
Accrued restructuring costs					$ 1,600
2022 Plan
Restructuring Cost and Reserve [Line Items]
Restructuring and other related charges	$ 3,500	$ 10,600	$ 6,400	$ 22,500

Restructuring and Other Relat_4

Restructuring and Other Related Charges (Restructuring and Related Costs) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Restructuring Cost and Reserve [Line Items]
Total restructuring and other related charges	$ 3,496	$ 10,563	$ 6,427	$ 22,537
Operating Segments | Domestic Operations
Restructuring Cost and Reserve [Line Items]
Total restructuring and other related charges	3,454	(783)	6,385	3,940
Operating Segments | International
Restructuring Cost and Reserve [Line Items]
Total restructuring and other related charges	0	(4)	0	1,642
Corporate / Inter-segment eliminations
Restructuring Cost and Reserve [Line Items]
Total restructuring and other related charges	$ 42	$ 11,350	$ 42	$ 16,955

Restructuring and Other Relat_5

Restructuring and Other Related Charges (Summary of Accrued Restructuring and Other Related Costs) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Restructuring Reserve [Roll Forward]
Beginning Balance			$ 13,734
Charges	$ 3,496	$ 10,563	6,427	$ 22,537
Cash payments			(10,351)
Non-cash adjustments			(1,641)
Other			(1,005)
Ending Balance	7,164		7,164
Severance and Employee-Related Costs
Restructuring Reserve [Roll Forward]
Beginning Balance			8,726
Charges			5,370
Cash payments			(7,725)
Non-cash adjustments			0
Other			(902)
Ending Balance	5,469		5,469
Content Impairments and Other Exit Costs
Restructuring Reserve [Roll Forward]
Beginning Balance			5,008
Charges			1,057
Cash payments			(2,626)
Non-cash adjustments			(1,641)
Other			(103)
Ending Balance	$ 1,695		$ 1,695

Program Rights (Program Rights

Program Rights (Program Rights by Predominant Monetization Strategy) (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Predominantly Monetized Individually
Completed	$ 76,360	$ 139,363
In-production and in-development	0	0
Total owned original program rights, net	76,360	139,363
Licensed film and acquired series	384	973
Licensed originals	0	1,555
Advances and other production costs	0	0
Total licensed program rights, net	384	2,528
Program rights, net	76,744	141,891
Predominantly Monetized as a Group
Completed	655,968	532,839
In-production and in-development	286,056	284,455
Total owned original program rights, net	942,024	817,294
Licensed film and acquired series	574,710	599,607
Licensed originals	110,282	169,489
Advances and other production costs	81,004	82,252
Total licensed program rights, net	765,996	851,348
Program rights, net	1,708,020	1,668,642
Total
Completed	732,328	672,202
In-production and in-development	286,056	284,455
Total owned original program rights, net	1,018,384	956,657
Licensed film and acquired series	575,094	600,580
Licensed originals	110,282	171,044
Advances and other production costs	81,004	82,252
Total licensed program rights, net	766,380	853,876
Program rights, net	1,784,764	1,810,533
Current portion of program rights, net	9,136	7,880
Program rights, net (long-term)	$ 1,775,628	$ 1,802,653

Program Rights (Amortization of

Program Rights (Amortization of Owned and Licensed Program Rights) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Owned original program rights
Predominantly Monetized Individually	$ 20,707	$ 21,116	$ 62,872	$ 101,947
Predominantly Monetized as a Group	77,289	63,800	215,959	165,547
Total	97,996	84,916	278,831	267,494
Licensed program rights
Predominantly Monetized Individually	148	485	1,980	2,620
Predominantly Monetized as a Group	128,846	110,898	360,895	356,571
Total	128,994	111,383	362,875	359,191
Predominantly Monetized Individually	20,855	21,601	64,852	104,567
Predominantly Monetized as a Group	206,135	174,698	576,854	522,118
Total	$ 226,990	$ 196,299	$ 641,706	$ 626,685

Program Rights (Narrative) (Det

Program Rights (Narrative) (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2023
Film Disclosure [Line Items]
Program rights write-offs	$ 0	$ 0	$ 0	$ 0
Prepaid expenses and other current assets
Film Disclosure [Line Items]
Income tax receivable, program rights	150.6		150.6		$ 230.3
Other noncurrent assets
Film Disclosure [Line Items]
Income tax receivable, program rights	$ 57.8		$ 57.8		$ 49.9

Investments (Details)

Investments (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2023
Investments [Abstract]
Equity method investments	$ 84,400,000		$ 84,400,000		$ 83,100,000
Investments in non-marketable equity securities	43,900,000		43,900,000		$ 41,600,000
Gain on non-marketable equity securities	0	$ 0	0
Loss on non-marketable equity securities	$ 0	$ 0	$ 0
Impairment charge on non-marketable equity security				$ 1,700,000

Goodwill and Other Intangible_3

Goodwill and Other Intangible Assets (Schedule of Goodwill) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Sep. 30, 2024
Goodwill [Roll Forward]
Beginning balance			$ 626,496
Impairment charge	$ (68,000)		(68,004)
Foreign currency translation			708
Ending balance			559,200
Domestic Operations
Goodwill [Roll Forward]
Beginning balance			348,732
Impairment charge			0
Foreign currency translation			0
Ending balance			348,732
International
Goodwill [Roll Forward]
Beginning balance			277,764
Impairment charge		$ (1,900)	(68,004)
Foreign currency translation			708
Ending balance			$ 210,468

Goodwill and Other Intangible_4

Goodwill and Other Intangible Assets (Narrative) (Details) - USD ($) $ in Thousands	3 Months Ended				9 Months Ended
	Sep. 30, 2024	Jun. 30, 2024	Sep. 30, 2023	Jun. 30, 2023	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2023
Finite-Lived Intangible Assets [Line Items]
Goodwill impairment charge		$ 68,000			$ 68,004
Aggregate amortization expense for amortizable intangible assets	$ 7,900		$ 9,800		26,100	$ 30,700
Impairment and other charges	0		$ 5,400		96,819	30,282
Long-lived asset impairment charges					29,200	$ 24,900
International
Finite-Lived Intangible Assets [Line Items]
Goodwill impairment charge				$ 1,900	68,004
Accumulated impairment charges	$ 253,500				253,500		$ 185,500
Impairment charge related to intangible assets				$ 23,000
Domestic Operations
Finite-Lived Intangible Assets [Line Items]
Goodwill impairment charge					$ 0
Impairment charge related to intangible assets		15,700
Long-lived asset impairment charges		$ 13,500

Goodwill and Other Intangible_5

Goodwill and Other Intangible Assets (Schedule of Finite and Indefinite-Lived Intangible Assets) (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Finite-Lived Intangible Assets [Line Items]
Gross	$ 759,288	$ 756,194
Accumulated Amortization	(552,430)	(507,536)
Net	206,858	248,658
Trademarks	19,900	19,900
Total intangible assets, gross	779,188	776,094
Total intangible assets, net	226,758	268,558
Affiliate and customer relationships
Finite-Lived Intangible Assets [Line Items]
Gross	622,236	618,778
Accumulated Amortization	(459,881)	(421,968)
Net	$ 162,355	196,810
Affiliate and customer relationships | Minimum
Finite-Lived Intangible Assets [Line Items]
Estimated Useful Lives	6 years
Affiliate and customer relationships | Maximum
Finite-Lived Intangible Assets [Line Items]
Estimated Useful Lives	25 years
Advertiser relationships
Finite-Lived Intangible Assets [Line Items]
Gross	$ 46,282	46,282
Accumulated Amortization	(46,282)	(42,806)
Net	$ 0	3,476
Estimated Useful Lives	11 years
Trade names and other amortizable intangible assets
Finite-Lived Intangible Assets [Line Items]
Gross	$ 90,770	91,134
Accumulated Amortization	(46,267)	(42,762)
Net	$ 44,503	$ 48,372
Trade names and other amortizable intangible assets | Minimum
Finite-Lived Intangible Assets [Line Items]
Estimated Useful Lives	3 years
Trade names and other amortizable intangible assets | Maximum
Finite-Lived Intangible Assets [Line Items]
Estimated Useful Lives	20 years

Goodwill and Other Intangible_6

Goodwill and Other Intangible Assets (Schedule of Estimated Amortization Expense) (Details) $ in Thousands	Sep. 30, 2024 USD ($)
Goodwill and Intangible Assets Disclosure [Abstract]
2024	$ 34,069
2025	30,748
2026	29,764
2027	24,979
2028	$ 22,808

Accrued Liabilities (Details)

Accrued Liabilities (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Accrued Liabilities, Current [Abstract]
Employee related costs	$ 80,649	$ 93,866
Participations and residuals	157,027	164,375
Interest	25,981	31,749
Other accrued expenses	41,957	95,848
Total accrued liabilities	$ 305,614	$ 385,838

Long-term Debt (Summary of Long

Long-term Debt (Summary of Long-Term Debt) (Details) - USD ($)	Sep. 30, 2024	Jun. 30, 2024	Jun. 21, 2024	Apr. 22, 2024	Apr. 09, 2024	Dec. 31, 2023
Debt Instrument [Line Items]
Long-term debt	$ 2,377,510,000					$ 2,382,229,000
Unamortized discount	(26,423,000)					(13,873,000)
Unamortized deferred financing costs	(8,526,000)					(6,607,000)
Long-term debt, net	2,342,561,000					2,361,749,000
Current portion of long-term debt	7,500,000					67,500,000
Noncurrent portion of long-term debt	2,335,061,000					$ 2,294,249,000
Secured debt | Term Loan A Facility Maturity on February 8, 2026
Debt Instrument [Line Items]
Aggregate principal amount	90,000,000
Secured debt | Term Loan A Facility Maturity on April 9, 2028
Debt Instrument [Line Items]
Aggregate principal amount	$ 283,800,000
Senior Notes | 4.75% Senior Notes due August 2025
Debt Instrument [Line Items]
Interest rate	4.75%			4.75%		4.75%
Long-term debt	$ 0					$ 774,729,000
Senior Notes | 10.25% Senior Secured Notes due January 2029
Debt Instrument [Line Items]
Interest rate	10.25%		10.25%		10.25%
Long-term debt	$ 875,000,000					$ 0
Aggregate principal amount					$ 875,000,000
Senior Notes | 4.25% Senior Notes due February 2029
Debt Instrument [Line Items]
Interest rate	4.25%	4.25%	4.25%			4.25%
Long-term debt	$ 985,010,000					$ 1,000,000,000
Unamortized discount		$ (4,900,000)
Senior Notes | 4.25% Convertible Senior Notes due February 2029
Debt Instrument [Line Items]
Interest rate			4.25%
Convertible Debt | 4.25% Convertible Senior Notes due February 2029
Debt Instrument [Line Items]
Interest rate	4.25%	4.25%	4.25%
Long-term debt	$ 143,750,000					0
Aggregate principal amount			$ 143,800,000
Secured debt | Term Loan A Facility
Debt Instrument [Line Items]
Long-term debt	373,750,000				425,000,000	$ 607,500,000
Secured debt | Term Loan A Facility Maturity on February 8, 2026
Debt Instrument [Line Items]
Long-term debt					100,000,000
Secured debt | Term Loan A Facility Maturity on April 9, 2028
Debt Instrument [Line Items]
Long-term debt					$ 325,000,000
Revolving credit facility | Credit facilities | Term Loan A Facility Maturity on April 9, 2028
Debt Instrument [Line Items]
Aggregate principal amount	$ 175,000,000

Long-term Debt (Narrative) (Det

Long-term Debt (Narrative) (Details)				1 Months Ended		3 Months Ended			9 Months Ended
	Jun. 21, 2024 USD ($) d $ / shares	Apr. 22, 2024 USD ($)	Apr. 09, 2024 USD ($)	Jun. 30, 2024 USD ($)	Mar. 31, 2024 USD ($)	Sep. 30, 2024 USD ($) $ / shares	Jun. 30, 2024 USD ($)	Sep. 30, 2023 USD ($)	Sep. 30, 2024 USD ($) $ / shares	Sep. 30, 2023 USD ($)	Dec. 31, 2023 USD ($) $ / shares
Debt Instrument [Line Items]
Debt instrument, repurchases discount						$ 26,423,000			$ 26,423,000		$ 13,873,000
Gain (loss) on extinguishment of debt						(352,000)		$ 0	(105,000)	$ 0
Unamortized deferred costs written off			$ 1,300,000
Proceeds from convertible debt									139,437,000	0
Repayments of secured debt									233,750,000	25,313,000
Long-term debt						$ 2,377,510,000			2,377,510,000		$ 2,382,229,000
Net proceeds									$ 862,969,000	$ 0
Class A Common Stock
Debt Instrument [Line Items]
Common stock, par value (in dollars per share) | $ / shares	$ 0.01					$ 0.01			$ 0.01		$ 0.01
Revolving credit facility | Credit facilities
Debt Instrument [Line Items]
Line of credit			$ 175,000,000
4.25% Senior Notes due 2029 | Senior Notes
Debt Instrument [Line Items]
Redemption of principal amount				$ 15,000,000			$ 15,000,000
Interest rate	4.25%			4.25%		4.25%	4.25%		4.25%		4.25%
Debt instrument, repurchases discount				$ 4,900,000			$ 4,900,000
Gain (loss) on extinguishment of debt				4,700,000
Unamortized deferred costs written off				$ 200,000
Long-term debt						$ 985,010,000			$ 985,010,000		$ 1,000,000,000
4.25% Convertible Senior Notes due 2029 | Senior Notes
Debt Instrument [Line Items]
Interest rate	4.25%
4.25% Convertible Senior Notes due 2029 | Convertible Debt
Debt Instrument [Line Items]
Interest rate	4.25%			4.25%		4.25%	4.25%		4.25%
Aggregate principal amount	$ 143,800,000
Proceeds from convertible debt	$ 139,400,000
Debt instrument, conversion rate	0.0785083
Debt instrument, convertible, conversion price (in dollars per share) | $ / shares	$ 12.74
Percentage of aggregate principal amount	100%
Long-term debt						$ 143,750,000			$ 143,750,000		0
4.25% Convertible Senior Notes due 2029 | Convertible Debt | Debt Conversion Terms One
Debt Instrument [Line Items]
Threshold percentage of stock price trigger	130%
Threshold trading days | d	20
Threshold consecutive trading days | d	30
Redemption price (as a percentage)	100%
4.25% Convertible Senior Notes due 2029 | Convertible Debt | Debt Conversion Terms Three
Debt Instrument [Line Items]
Redemption price (as a percentage)	100%
4.25% Convertible Senior Notes due 2029 | Convertible Debt | Minimum
Debt Instrument [Line Items]
Percentage of aggregate principal amount	25%
4.25% Convertible Senior Notes due 2029 | Convertible Debt | Minimum | Debt Conversion Terms Two
Debt Instrument [Line Items]
Debt instrument, convertible, conversion price (in dollars per share) | $ / shares	$ 10.19
4.25% Convertible Senior Notes due 2029 | Convertible Debt | Maximum | Debt Conversion Terms Two
Debt Instrument [Line Items]
Debt instrument, convertible, conversion price (in dollars per share) | $ / shares	$ 130
10.25% Senior Secured Notes due 2029 | Senior Notes
Debt Instrument [Line Items]
Interest rate	10.25%		10.25%			10.25%			10.25%
Aggregate principal amount			$ 875,000,000
Long-term debt						$ 875,000,000			$ 875,000,000		0
Net proceeds			$ 863,000,000
10.25% Senior Secured Notes due 2029 | Senior Notes | Any time prior to January 15, 2026
Debt Instrument [Line Items]
Redemption price (as a percentage)			110.25%
Redeemed percentage			40%
10.25% Senior Secured Notes due 2029 | Senior Notes | Any time prior to January 15, 2026
Debt Instrument [Line Items]
Redemption price (as a percentage)			103%
Redeemed percentage			10%
10.25% Senior Secured Notes due 2029 | Senior Notes | Any time prior to January 15, 2026
Debt Instrument [Line Items]
Redemption price (as a percentage)			100%
Basis spread			0.50%
Term Loan A Facility | Secured debt
Debt Instrument [Line Items]
Unamortized deferred costs written off						400,000
Voluntary prepayment of debt			$ 165,600,000			35,000,000
Repayments of secured debt					$ 16,900,000	8,100,000	$ 8,100,000
Long-term debt			425,000,000			373,750,000			373,750,000		$ 607,500,000
Term Loan A Facility Maturity on April 9, 2028 | Secured debt
Debt Instrument [Line Items]
Long-term debt			325,000,000
Term Loan A Facility Maturity on April 9, 2028 | Revolving credit facility | Credit facilities
Debt Instrument [Line Items]
Aggregate principal amount						$ 175,000,000			$ 175,000,000
Term Loan A Facility Maturity on February 8, 2026 | Secured debt
Debt Instrument [Line Items]
Long-term debt			$ 100,000,000
4.75% Senior Notes due 2025 | Senior Notes
Debt Instrument [Line Items]
Interest rate		4.75%				4.75%			4.75%		4.75%
Unamortized deferred costs written off		$ 3,100,000
Redemption price (as a percentage)		100%
Long-term debt						$ 0			$ 0		$ 774,729,000

Long-term Debt (Redeemed Percen

Long-term Debt (Redeemed Percentage) (Details) - 10.25% Senior Secured Notes due 2029 - Senior Notes	Apr. 09, 2024
2026
Debt Instrument [Line Items]
Redemption price (as a percentage)	105.125%
2027
Debt Instrument [Line Items]
Redemption price (as a percentage)	102.563%
2028 and thereafter
Debt Instrument [Line Items]
Redemption price (as a percentage)	100%

Leases (Details)

Leases (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Leases [Abstract]
Operating lease asset	$ 64,513	$ 71,163
Finance lease asset	9,060	9,884
Total lease assets	73,573	81,047
Operating lease liability, current	29,456	28,971
Finance lease liability, current	5,067	4,688
Total lease liabilities, current	34,523	33,659
Operating lease liability, noncurrent	58,508	72,797
Finance lease liability, noncurrent	10,611	14,443
Total lease liabilities, noncurrent	69,119	87,240
Total lease liabilities	$ 103,642	$ 120,899
Finance Lease, Right-of-Use Asset, Statement of Financial Position [Extensible List]	Property and equipment, net of accumulated depreciation of $449,533 and $403,708	Property and equipment, net of accumulated depreciation of $449,533 and $403,708
Operating Lease, Liability, Current, Statement of Financial Position [Extensible List]	Current portion of lease obligations	Current portion of lease obligations
Finance Lease, Liability, Current, Statement of Financial Position [Extensible List]	Current portion of lease obligations	Current portion of lease obligations
Operating Lease, Liability, Noncurrent, Statement of Financial Position [Extensible List]	Total lease liabilities, noncurrent	Total lease liabilities, noncurrent
Finance Lease, Liability, Noncurrent, Statement of Financial Position [Extensible List]	Total lease liabilities, noncurrent	Total lease liabilities, noncurrent

Fair Value Measurement (Financi

Fair Value Measurement (Financial Assets and Liabilities Measured at Fair Value on a Recurring Basis) (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Assets
Cash equivalents	$ 191,597
Foreign currency derivatives
Assets
Foreign currency derivatives	7,621	$ 8,277
Liabilities
Foreign currency derivatives	1,662	2,295
Level I
Assets
Cash equivalents	191,597
Level I | Foreign currency derivatives
Assets
Foreign currency derivatives	0	0
Liabilities
Foreign currency derivatives	0	0
Level II
Assets
Cash equivalents	0
Level II | Foreign currency derivatives
Assets
Foreign currency derivatives	7,621	8,277
Liabilities
Foreign currency derivatives	1,662	2,295
Level III
Assets
Cash equivalents	0
Level III | Foreign currency derivatives
Assets
Foreign currency derivatives	0	0
Liabilities
Foreign currency derivatives	$ 0	$ 0

Fair Value Measurement (Carryin

Fair Value Measurement (Carrying Values and Fair Values of the Company's Financial Instruments) (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Jun. 30, 2024	Jun. 21, 2024	Apr. 22, 2024	Apr. 09, 2024	Dec. 31, 2023
10.25% Senior Secured Notes due 2029 | Senior Notes
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Interest rate	10.25%		10.25%		10.25%
4.75% Senior Notes due 2025 | Senior Notes
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Interest rate	4.75%			4.75%		4.75%
4.25% Senior Notes due 2029 | Senior Notes
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Interest rate	4.25%	4.25%	4.25%			4.25%
4.25% Convertible Senior Notes due 2029 | Senior Notes
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Interest rate			4.25%
4.25% Convertible Senior Notes due 2029 | Convertible Debt
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Interest rate	4.25%	4.25%	4.25%
Carrying Amount
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt	$ 2,342,561					$ 2,361,749
Carrying Amount | Term Loan A Facility
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt	367,352					602,551
Carrying Amount | 10.25% Senior Secured Notes due 2029 | Senior Notes
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt	861,099
Carrying Amount | 4.75% Senior Notes due 2025 | Senior Notes
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt						771,013
Carrying Amount | 4.25% Senior Notes due 2029 | Senior Notes
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt	974,938					988,185
Carrying Amount | 4.25% Convertible Senior Notes due 2029 | Convertible Debt
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt	139,172
Estimated Fair Value
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt	2,112,449					2,104,231
Estimated Fair Value | Term Loan A Facility
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt	373,723					577,884
Estimated Fair Value | 10.25% Senior Secured Notes due 2029 | Senior Notes
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt	899,063
Estimated Fair Value | 4.75% Senior Notes due 2025 | Senior Notes
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt						745,677
Estimated Fair Value | 4.25% Senior Notes due 2029 | Senior Notes
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt	709,207					$ 780,670
Estimated Fair Value | 4.25% Convertible Senior Notes due 2029 | Convertible Debt
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt	$ 130,456

Derivative Financial Instrume_3

Derivative Financial Instruments (Fair Value of Derivative Instruments Included in Balance Sheets) (Details) - Derivatives not designated as hedging instruments - Foreign currency derivatives - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Prepaid expenses and other current assets
Derivatives not designated as hedging instruments:
Foreign currency derivative assets	$ 1,319	$ 378
Other assets
Derivatives not designated as hedging instruments:
Foreign currency derivative assets	6,302	7,899
Accrued liabilities
Derivatives not designated as hedging instruments:
Foreign currency derivative liabilities	788	1,065
Current portion of program rights obligations
Derivatives not designated as hedging instruments:
Foreign currency derivative liabilities	0	8
Other liabilities
Derivatives not designated as hedging instruments:
Foreign currency derivative liabilities	$ 874	$ 1,222

Derivative Financial Instrume_4

Derivative Financial Instruments (Schedule of Other Derivatives Not Designated as Hedging Instruments) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Foreign currency derivatives | Miscellaneous, net
Derivative Instruments, Gain (Loss) [Line Items]
Amount of Gain (Loss) Recognized in Earnings on Derivatives	$ 473	$ (736)	$ (318)	$ 9,077

Income Taxes (Details)

Income Taxes (Details) - USD ($) $ in Thousands	3 Months Ended			9 Months Ended
	Sep. 30, 2024	Jun. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2023
Income Tax Contingency [Line Items]
Income tax expense	$ 19,891		$ 23,671	$ 54,433	$ 82,725
Income (loss) from operations before income taxes	$ 66,331		$ 91,568	$ 125,967	$ 324,013
Effective tax rate	30%		26%	43%	26%
Nondeductible goodwill impairment				$ 68,000
Foreign earnings repatriated		$ 28,600
Cash and cash equivalents	$ 816,377			816,377		$ 570,576
Foreign subsidiaries	142,900			142,900
Foreign earnings expected to be repatriated				35,000
Foreign Tax Authority
Income Tax Contingency [Line Items]
Tax credit carryforward, amount	55,200			55,200
Valuation allowance	$ 55,200			$ 55,200

Commitments and Contingencies (

Commitments and Contingencies (Details) $ in Millions			9 Months Ended
	Mar. 12, 2024 USD ($)	Nov. 14, 2022 USD ($)	Sep. 30, 2024 USD ($)	Jan. 26, 2023 claim	Jan. 20, 2021 defendant	Jul. 22, 2020 legal_matter
Loss Contingencies [Line Items]
Increase in contractual obligations not reflected in the balance sheet			$ 180.8
Contractual obligation			$ 1,054.4
California Action
Loss Contingencies [Line Items]
Number of legal matters | legal_matter						7
Number of defendants eliminated | defendant					8
Number of remaining claims | claim				2
Damages awarded, value	$ 7.8
MFN Litigation
Loss Contingencies [Line Items]
Claim for damages		$ 200

Equity Plans (Details)

Equity Plans (Details) - USD ($) $ in Thousands	3 Months Ended				9 Months Ended
	Sep. 30, 2024	Jun. 30, 2024	Mar. 31, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Tax withholding associated with shares issued under employee stock plans				$ 6	$ 4,626	$ 7,229
Share-based payment arrangement, noncash expense including restructuring and other related charges	$ 5,800			6,400	20,300	19,900
Share-based compensation expense, related to restructuring and other related charges	5,776			6,378	20,308	19,671
Total unrecognized share-based compensation costs	$ 30,200				$ 30,200
Total unrecognized share-based compensation costs, remaining period of recognition					2 years
Restructuring Charges
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation expense, related to restructuring and other related charges				$ 200		$ 200
RSUs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted in period (in shares)	12,968	104,546	2,025,265
Vesting period (in years)			3 years
Shares surrendered to the company for tax withholding (in shares)					377,717
RSUs | Class A Common Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
New shares of company's class A common stock issued (in shares)					536,579
RSUs | Executive Officer
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares vested in period (in shares)	0				914,296

Redeemable Noncontrolling Int_3

Redeemable Noncontrolling Interests (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Stockholders' Equity Attributable to Noncontrolling Interest [Roll Forward]
Beginning balance	$ 180,065	$ 241,486	$ 185,297	$ 253,669
Net earnings	3,813	4,056	3,380	17,126
Distributions	(1,480)	(20,142)	(11,807)	(45,395)
Adjustment to redemption fair value	2,784		8,312
Ending balance	$ 185,182	$ 225,400	$ 185,182	$ 225,400

Redeemable Noncontrolling Int_4

Redeemable Noncontrolling Interests (Narrative) (Details) - USD ($) $ in Thousands	Nov. 01, 2024	Sep. 30, 2024	Jun. 30, 2024	Dec. 31, 2023	Sep. 30, 2023	Jun. 30, 2023	Dec. 31, 2022
Noncontrolling Interest [Line Items]
Redeemable noncontrolling interests		$ 185,182	$ 180,065	$ 185,297	$ 225,400	$ 241,486	$ 253,669
Subsequent Event | BBC America
Noncontrolling Interest [Line Items]
Ownership percentage	100%
BBC America
Noncontrolling Interest [Line Items]
Redeemable noncontrolling interests		$ 132,900
BBC America | Subsequent Event
Noncontrolling Interest [Line Items]
Percentage of interest acquired	50.10%
Payments to acquire businesses, gross	$ 42,000

Related Party Transactions (Det

Related Party Transactions (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Related Party Transaction [Line Items]
Net revenues from related parties	$ 599,614	$ 636,954	$ 1,822,009	$ 2,033,029
Selling, general and administrative charges from related parties	191,622	187,232	588,679	567,136
Related Party
Related Party Transaction [Line Items]
Net revenues from related parties	1,300	1,300	3,900	3,900
Selling, general and administrative charges from related parties	$ 200	$ 900	$ 700	$ 7,500

Cash Flows (Details)

Cash Flows (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
Non-Cash Investing and Financing Activities:
Operating lease additions	$ 8,269	$ 3,171
Capital expenditures incurred but not yet paid	1,651	2,243
Supplemental Data:
Cash interest paid	121,419	123,715
Income tax payments, net	$ 9,970	$ 28,829

Segment Information (Narrative)

Segment Information (Narrative) (Details) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024 USD ($)	Sep. 30, 2023 USD ($)	Sep. 30, 2024 USD ($) segment	Sep. 30, 2023 USD ($)
Segment Reporting Information [Line Items]
Number of operating segments | segment			2
Revenues, net	$ 599,614	$ 636,954	$ 1,822,009	$ 2,033,029
Customer One | Revenue Benchmark | Customer Concentration Risk
Segment Reporting Information [Line Items]
Concentration risk, percentage	16%	12%	15%	13%
SVOD Services
Segment Reporting Information [Line Items]
Revenues, net	$ 152,000	$ 142,500	$ 447,300	$ 420,800

Segment Information (Summary of

Segment Information (Summary of Continuing Operations by Reportable Segment) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Segment Reporting Information [Line Items]
Revenues, net	$ 599,614	$ 636,954	$ 1,822,009	$ 2,033,029
Operating income (loss)	93,653	120,850	214,619	399,855
Share-based compensation expenses	5,776	6,378	20,308	19,671
Depreciation and amortization	23,097	28,009	75,416	79,629
Impairment and other charges	0	5,400	96,819	30,282
Restructuring and other related charges	3,496	10,563	6,427	22,537
Cloud computing amortization	3,272	2,336	10,103	6,815
Majority-owned equity investees AOI	2,182	3,732	9,715	11,019
Adjusted operating income (loss)	131,476	177,268	433,407	569,808
Operating Segments | Domestic Operations
Segment Reporting Information [Line Items]
Revenues, net	530,243	541,198	1,592,760	1,734,871
Operating income (loss)	129,978	161,627	374,730	523,645
Share-based compensation expenses	2,608	3,494	8,586	10,133
Depreciation and amortization	8,695	11,536	29,522	35,053
Impairment and other charges		5,400	28,815	5,400
Restructuring and other related charges	3,454	(783)	6,385	3,940
Cloud computing amortization	3,272	5	10,103	15
Majority-owned equity investees AOI	2,182	3,732	9,715	11,019
Adjusted operating income (loss)	150,189	185,011	467,856	589,205
Operating Segments | International
Segment Reporting Information [Line Items]
Revenues, net	73,706	97,598	239,406	304,974
Operating income (loss)	8,702	7,985	(26,484)	10,422
Share-based compensation expenses	775	815	2,446	2,500
Depreciation and amortization	4,065	4,271	12,241	13,944
Impairment and other charges		0	68,004	24,882
Restructuring and other related charges	0	(4)	0	1,642
Cloud computing amortization	0	0	0	0
Majority-owned equity investees AOI	0	0	0	0
Adjusted operating income (loss)	13,542	13,067	56,207	53,390
Corporate / Inter-segment Eliminations
Segment Reporting Information [Line Items]
Revenues, net	(4,335)	(1,842)	(10,157)	(6,816)
Operating income (loss)	(45,027)	(48,762)	(133,627)	(134,212)
Share-based compensation expenses	2,393	2,069	9,276	7,038
Depreciation and amortization	10,337	12,202	33,653	30,632
Impairment and other charges		0	0	0
Restructuring and other related charges	42	11,350	42	16,955
Cloud computing amortization	0	2,331	0	6,800
Majority-owned equity investees AOI	0	0	0	0
Adjusted operating income (loss)	(32,255)	(20,810)	(90,656)	(72,787)
Corporate / Inter-segment Eliminations | Domestic Operations
Segment Reporting Information [Line Items]
Revenues, net	(3,737)	(1,825)	(7,025)	(6,451)
Corporate / Inter-segment Eliminations | International
Segment Reporting Information [Line Items]
Revenues, net	(598)	(17)	(3,132)	(365)
Subscription
Segment Reporting Information [Line Items]
Revenues, net	364,512	388,308	1,110,099	1,183,562
Subscription | Operating Segments | Domestic Operations
Segment Reporting Information [Line Items]
Revenues, net	316,002	332,135	961,136	1,013,419
Subscription | Operating Segments | International
Segment Reporting Information [Line Items]
Revenues, net	48,510	56,173	148,963	170,143
Subscription | Corporate / Inter-segment Eliminations
Segment Reporting Information [Line Items]
Revenues, net	0	0	0	0
Content licensing and other
Segment Reporting Information [Line Items]
Revenues, net	79,509	82,224	208,216	315,945
Content licensing and other | Operating Segments | Domestic Operations
Segment Reporting Information [Line Items]
Revenues, net	81,102	61,916	209,431	246,093
Content licensing and other | Operating Segments | International
Segment Reporting Information [Line Items]
Revenues, net	2,742	22,150	8,942	76,668
Content licensing and other | Corporate / Inter-segment Eliminations
Segment Reporting Information [Line Items]
Revenues, net	(4,335)	(1,842)	(10,157)	(6,816)
Distribution and other
Segment Reporting Information [Line Items]
Revenues, net	444,021	470,532	1,318,315	1,499,507
Distribution and other | Operating Segments | Domestic Operations
Segment Reporting Information [Line Items]
Revenues, net	397,104	394,051	1,170,567	1,259,512
Distribution and other | Operating Segments | International
Segment Reporting Information [Line Items]
Revenues, net	51,252	78,323	157,905	246,811
Distribution and other | Corporate / Inter-segment Eliminations
Segment Reporting Information [Line Items]
Revenues, net	(4,335)	(1,842)	(10,157)	(6,816)
Advertising
Segment Reporting Information [Line Items]
Revenues, net	155,593	166,422	503,694	533,522
Advertising | Operating Segments | Domestic Operations
Segment Reporting Information [Line Items]
Revenues, net	133,139	147,147	422,193	475,359
Advertising | Operating Segments | International
Segment Reporting Information [Line Items]
Revenues, net	22,454	19,275	81,501	58,163
Advertising | Corporate / Inter-segment Eliminations
Segment Reporting Information [Line Items]
Revenues, net	$ 0	$ 0	$ 0	$ 0

Segment Information (Summary _2

Segment Information (Summary of Inter-Segment Eliminations) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Segment Reporting Information [Line Items]
Revenues, net	$ 599,614	$ 636,954	$ 1,822,009	$ 2,033,029
Corporate / Inter-segment Eliminations
Segment Reporting Information [Line Items]
Revenues, net	(4,335)	(1,842)	(10,157)	(6,816)
Corporate / Inter-segment Eliminations | Domestic Operations
Segment Reporting Information [Line Items]
Revenues, net	(3,737)	(1,825)	(7,025)	(6,451)
Corporate / Inter-segment Eliminations | International
Segment Reporting Information [Line Items]
Revenues, net	$ (598)	$ (17)	$ (3,132)	$ (365)

Segment Information (Schedule o

Segment Information (Schedule of Revenues by Geographic Location) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Segment Reporting Information [Line Items]
Revenues, net	$ 599,614	$ 636,954	$ 1,822,009	$ 2,033,029
United States
Segment Reporting Information [Line Items]
Revenues, net	481,390	524,044	1,452,897	1,681,909
Europe
Segment Reporting Information [Line Items]
Revenues, net	80,492	76,332	260,618	233,817
Other
Segment Reporting Information [Line Items]
Revenues, net	$ 37,732	$ 36,578	$ 108,494	$ 117,303

Segment Information (Long-lived

Segment Information (Long-lived Assets by Geographic Location) (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Segment Reporting Information [Line Items]
Property and equipment, net	$ 135,084	$ 159,237
United States
Segment Reporting Information [Line Items]
Property and equipment, net	122,607	146,314
Europe
Segment Reporting Information [Line Items]
Property and equipment, net	11,035	11,850
Other
Segment Reporting Information [Line Items]
Property and equipment, net	$ 1,442	$ 1,073