AMC Networks Buys RLJ amusement Skip to main content

AMC Networks Buys RLJ amusement

Image result for amc networks



AMC Networks has officially reached a deal to acquire RLJ entertainment, a transaction valued at $274 million.
AMC Networks will pay, in cash, an mixture of about $sixty five million to holders of RLJ amusement's striking standard stock, preferred inventory and warrants not currently owned by using AMC Networks, Robert L. Johnson and their respective associates. RLJ enjoyment will become an oblique subsidiary of AMC Networks, with Johnson and his affiliates owning a 17 p.c stake.
RLJ entertainment encompasses the OTT branded channels Acorn television, commonly used for its British and overseas content material, and UMC (urban film Channel), an SVOD provider created for African American and urban audiences. RLJ entertainment additionally has a controlling pastime in Agatha Christie restricted, providing the enterprise with IP licensing opportunities.
Josh Sapan, president and CEO of AMC Networks, mentioned, "Bob Johnson is a legend for decent reasons that we're the beneficiaries of. His administration group is marvelous, having effectively transitioned Acorn tv from a home video and DVD company to a number one direct-to-purchaser subscription service, and starting to be each Acorn tv and UMC in a competitive ambiance, by using providing magnificent, sought-after content and developing mighty manufacturers. furthermore, RLJ entertainment's majority stake within the Agatha Christie library—a content material company which is still one of the crucial standard and venerable—offers AMC Networks with advantageous IP opportunities."
Sapan brought: "This acquisition furthers AMC Networks' digital approach through meaningfully accelerating our hobbies in direct-to-consumer advert-free subscription features that we personal and control, in addition to presenting us with access to amazing IP as we proceed to diversify our earnings alternatives, putting AMC Networks in a higher place over the long run."
Scott R. Royster, RLJ amusement's lead impartial director and a member of RLJ enjoyment's particular committee of the board centered to consider, negotiate and determine whether to approve AMC's going-inner most notion, commented: "Our mission right through the transaction process turned into to carefully consider AMC's suggestion and negotiate the choicest cost and overall deal phrases accessible for the enterprise's non-affiliate commonplace stockholders. The going-deepest transaction with AMC gives stockholders with instant liquidity, and the merger price represents a considerable premium to the business's unaffected stock price."
Johnson, RLJ leisure's founder and chairman, mentioned, "I thoroughly aid AMC Networks' acquisition of RLJ entertainment. I commend the particular committee for negotiating the transaction for our public stockholders."

Comments

Popular posts from this blog

Tueazee - I Know #Flyah Review

Tueazee is an exciting music group based in Augusta, GA, and they have been making music for about a year now.  Releasing music under the J Tizzle Muzic label, the group recently unveiled a new, exciting single titled “I Know.”The song is a great example of Tueazee’s pure and uncompromising combination of new and old-school hip-hop, making for a driven, direct and fast-paced feel that knows no compromises whatsoever. Their flow echoes the work of seminal performers such as Jay Z, Kendrick Lamar, Common or J Cole, bridging the gaps between the unmistakable tone of the 90s golden age and the modern feel.Ultimately, “I Know” stands out as a perfect combination of old-school hip-hop and modern punch, making for a striking, professional and world-class production value.

Piqued Jacks rock n roll #Flyah

Piqued Jacks describe their sound in their own words: “being able to speak without impediment; having sex in the most intense way possible; expressing ourselves 100%”. You have to hear it to experience it for yourself. Piqued Jacks are brave souls. Rising from a small village in Italy, they have methodically made their way from obscurity to Austin, the heart of the indie music scene, performing 2 showcases at SXSW 2013. Their powerful alliance and headstrong vision has resulted in rapid success and the positive flow of their career indicates a confident band gaining serious momentum. Back in 2006, the Piqued Jacks were anything but serious. They causally acquired the band name after someone drops a bass during rehearsal. The damaged jack resembled an erect penis and the boys felt the sexual allusion suited their sound. A few years later, something clicked, a unified connection to the music making process, and from 2010 to 2011 they released two EP’s, conquering Italian airw…

Alla P. Gakuba - A Person is a Product of Time Place and Circumstances

Alla P. Gakuba's short stories are lengthy and full of information whether from historical periods to relate to current times. The twenty short stories detail infamous events such as Napoleon's rise and fall to American women receiving rights to vote. Another of the short stories was about Maslow's Theory describing the five steps of life and achievements. This book is inspiring and gives insight into the mentality of many great people who contributed to society, helped others in times of need and become more self-aware. Alla talked about her time as a engineer being changed from constructing buildings to bridges with no guidance given to her. Even after transferring from Africa to U.S.A. for an engineering job, Alla was puzzled that she earned the job but she strive to achieve her goals. In life, dedication can be the breaking point of a successful venture and a reflection of the steps taken to get there. Alla also theorizes about a time that women felt uncomfortable in a …