Recent Updates — AMCX
AMC Global Media Inc. entered into a settlement agreement on September 4, 2026, resolving breach of contract claims filed in 2022 by Robert Kirkman, Glen Mazzara, Gale Anne Hurd, and related entities regarding The Walking Dead and Fear The Walking Dead. The total consideration is $120 million, comprising an $85 million cash payment due by September 18, 2026, and a $35 million advance against future Modified Adjusted Gross Receipts participation payable by January 31, 2027. The company recorded an approximately $85 million charge in the quarter ending September 30, 2026. Consequently, full-year 2026 free cash flow guidance was lowered from $220 million to $150 million, though adjusted operating income and revenue outlooks remain unchanged. AMC Global Media Inc. operates in the entertainment industry, producing and distributing television content.
AMC Global Media Inc. reported second quarter 2026 financial results on July 30, 2026, announcing a net revenue decrease of 9% to $547 million and a diluted loss per share of $(0.51). The company secured a significant strategic agreement with Netflix for co-exclusive global streaming rights to The Walking Dead Universe, valued at $500 million over five years. Additionally, AMC Global Media repaid the remaining $80 million balance on its Term Loan A facility and terminated its revolving credit facility in May 2026. The company also initiated an accelerated share repurchase agreement for $30 million of Class A Common Stock. AMC Global Media operates in the media and entertainment industry, producing and distributing television content, films, and streaming services.
On June 16, 2026, AMC Global Media Inc. appointed Hozefa Lokhandwala as Executive Vice President and Chief Financial Officer. His employment agreement expires June 30, 2029, and provides a minimum annual base salary of $750,000, a 100% target bonus, and annual target grants of cash and equity of at least $750,000. He also received a pro-rated 2026 long-term incentive grant of $375,000. Additionally, the company entered into a new employment agreement with Michael J. Sherin III to continue as Executive Vice President and Chief Accounting Officer through August 15, 2029, with a minimum annual base salary of $475,000 and a 45% target bonus. The company also reported results from its June 16, 2026 annual meeting, including director elections and the ratification of KPMG LLP as auditor. The company operates in the media industry and provides global media content and services.