STOCK TITAN

AMC Networks Chief Operating Officer Ed Carroll to Step Down

Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Positive)
Tags
Rhea-AI Summary

AMC Networks (NASDAQ: AMCX) announced the resignation of Ed Carroll, its chief operating officer, after 34 years. Carroll will stay until year-end to ensure a smooth transition. His tenure saw the transformation of AMC into an original programming powerhouse, developing iconic shows like Breaking Bad and Mad Men. He played a key role in launching the AMC+ streaming service and overseeing the growth of various targeted streaming platforms. Carroll's legacy includes expanding AMC Networks internationally and creating successful original content.

Positive
  • Carroll's leadership helped establish AMC as an original programming powerhouse with popular series.
  • Successful launch and growth of AMC+ premium streaming service.
  • International expansion of AMC Networks into Europe, the UK, and Latin America.
Negative
  • None.

NEW YORK, Sept. 28, 2021 (GLOBE NEWSWIRE) -- AMC Networks (NASDAQ: AMCX) announced today that its longtime chief operating officer Ed Carroll has decided to step down, following an accomplished 34-year tenure with the company. He will remain with the company through the end of the year.

“For decades, Ed has been the heart and soul of AMC Networks,” said Josh Sapan, former AMC Networks President and Chief Executive Officer and recently named AMC Networks Executive Vice Chairman. “He has been at the center of the shows and movies that brought success to the company, and at the center of what has made AMC Networks a great place to work. In a business where credit for achievement can be actively sought, Ed looked for none, choosing to make all around him look good. His kind is rare.”

“I’ve appreciated all of Ed’s efforts to help ensure a smooth transition as I’ve taken on a new interim role with the company,” said Matt Blank, AMC Networks Interim Chief Executive Officer. “His long history building AMC Networks’ strong brands and powerful original content slate is now paving the way for the company’s ongoing pivot to being the worldwide leader in targeted streaming.”

“It has been a great ride and extremely satisfying to work with an extraordinary team to create TV shows with impact and, most recently, to successfully bring to market a new streaming platform with AMC+,” said Carroll. “Among the things I am most proud of is greenlighting Breaking Bad and Mad Men, including teaching Bryan Cranston how to act and Jon Hamm how to look good in front of a camera.”

Carroll, who was named AMC Networks' chief operating officer in 2009, has been instrumental in helping transform the company into an original programming powerhouse, with popular and brand-defining original series, including AMC’s Mad Men, Breaking Bad, Better Call Saul, The Walking Dead, and Kevin Can F*** Himself; BBC America’s Killing Eve; IFC’s Portlandia and Documentary Now!; SundanceTV’s Rectify; and WE tv’s Love After Lockup. He helped lead the creation of AMC Studios, enabling the company to produce and distribute owned, world-class original content, including The Walking Dead franchise and its expanding Anne Rice universe, with the upcoming Interview with the Vampire series slated for a 2022 premiere. Globally, he spearheaded AMC Networks’ expansion overseas across Europe, the UK and Latin America, and oversaw the international channels operations. 

Most recently, Carroll has overseen the company’s targeted streaming services Acorn TV, Shudder, Sundance Now and ALLBLK during their most robust growth periods, and oversaw the launch of premium streaming bundle AMC+.

Carroll was previously General Manager of Bravo (when the company was known as Rainbow Media), where he helped launch such shows as Inside the Actors Studio and Queer Eye for the Straight Guy

About AMC Networks

AMC Networks is a global entertainment company known for its popular and critically-acclaimed content. Its portfolio of brands includes AMC, BBC AMERICA (operated through a joint venture with BBC Studios), IFC, SundanceTV, WE tv, IFC Films, and a number of fast-growing streaming services, including the AMC+ premium streaming bundle, Acorn TV, Shudder, Sundance Now and ALLBLK. AMC Studios, the Company’s in-house studio, production and distribution operation, is behind award-winning owned series and franchises, including The Walking Dead, the highest-rated series in cable history. The Company also operates AMC Networks International, its international programming business, and 25/7 Media, its production services business.

Contacts  
   
Corporate Communications Investor Relations
Georgia Juvelis Nicholas Seibert
Georgia.juvelis@amcnetworks.com Nicholas.seibert@amcnetworks.com
917-542-6390 646-740-5749

FAQ

What does Ed Carroll's resignation mean for AMC Networks (AMCX)?

Ed Carroll's resignation marks a significant transition for AMC Networks, but he will support the company until the end of the year to ensure stability.

How did Ed Carroll impact AMC Networks (AMCX)?

Ed Carroll was instrumental in AMC's transformation into a powerhouse of original programming, launching series like Breaking Bad and Mad Men.

What key achievements did Ed Carroll have at AMC Networks (AMCX)?

Carroll oversaw the creation of AMC Studios and the successful launch of AMC+, along with expanding the company’s presence internationally.

When did Ed Carroll announce his resignation from AMC Networks (AMCX)?

Ed Carroll announced his resignation on September 28, 2021.

AMC Networks Inc.

NASDAQ:AMCX

AMCX Rankings

AMCX Latest News

AMCX Stock Data

407.68M
30.31M
7.14%
107.75%
13.07%
Entertainment
Cable & Other Pay Television Services
Link
United States of America
NEW YORK