AMC Networks Announces Executi – GuruFocus.com


Christina Spade named General Manager

Patrick O’Connell appointed Executive Vice President, Chief Financial Officer

NEW YORK, Aug. 05, 2022 (GLOBE NEWSWIRE) — AMC Networks (AMCX) today announced that Christina Spade, currently the company’s Chief Operating Officer and Chief Financial Officer, has been appointed Chief Executive Officer effective September 9, 2022 Spade, a media and entertainment industry veteran who previously held executive positions at ViacomCBS, CBS Corporation and Showtime, will succeed Matt Blank, who served as interim chief executive of AMC Networks since last September. for one year.

Patrick O’Connell, a former senior executive at CBS Corporation and Goldman Sachs, has been named executive vice president, chief financial officer, and will report to Spade.

AMC Networks President James Dolan said, “I want to thank Matt for his leadership over the past year and for the changes he has brought to the business and for positioning us in the best possible way for our new pivot to streaming.”

Mr. Dolan added: “I am delighted that Chris is taking over as the new CEO. She is a proven leader with a long history of driving transformative change in media and entertainment and I am confident she has the expertise and vision to guide AMC Networks to greater success.

Spade said, “I am honored to take on the role of CEO. I’m a fan of this company in every way, its content, its brands, and most importantly, its people and its vibrant and inclusive culture. I am grateful for the support of Jim, our Board and Matt, and look forward to working with the strong team here to unlock the rich opportunities that lie ahead.

Spade added, “Patrick is a highly accomplished executive who is focused on delivering strong financial performance and has a deep understanding of the current opportunities in the media landscape. I know he will be instrumental in moving the company forward with his strong financial record, entrepreneurial spirit and collaborative approach. »

Blank said, “It has been a pleasure to lead AMC Networks in this interim role, particularly working alongside Chris and the talented team to help grow the company’s direct-to-consumer business and strong content pipeline. High quality. Chris is a strong and versatile leader whom I have known and worked closely with for over 20 years, and I know that she will bring her strong business and leadership skills, as well as her passion for this company, to her new role.

The leadership appointments come as AMC Networks continues to pursue a successful streaming strategy targeting distinct audiences. Its strong streaming portfolio includes AMC+ and targeted platforms Acorn TV, ALLBLK, HIDIVE, Shudder and Sundance Now, and now reaches 10.8 million total paid subscribers and is on track to reach 20-25 million subscribers. subscribers in 2025. The company is in the midst of its biggest year for original programming, continuing its well-established track record of creating popular and acclaimed content, including the Emmy-nominated You better call Saulacclaimed new series Moonhaven, dark winds, and This will hurt and the highly anticipated debut of its next big franchise with Anne Rice’s Interview with the Vampire, drive growth in its robust streaming portfolio and linear business.

Christina Pique joined AMC Networks as Executive Vice President, Chief Financial Officer in January 2021 and was quickly promoted to a new dual role of Chief Operating Officer and Chief Financial Officer in November 2021. In this role, she oversaw operations AMC Networks keys, as well as financial operations. as investor relations and global technology.

Spade has spent his career in media and entertainment. Previously, she was Executive Vice President and Chief Financial Officer of the newly formed company ViacomCBS, overseeing all financial operations for the company, including treasury, tax, accounting, internal audit, information security and real estate. Prior to the merger of CBS and Viacom in December 2019, Spade served as executive vice president, chief financial officer of CBS Corporation, beginning in October 2018.

Beginning in February 2013, Spade served as Executive Vice President, Chief Financial Officer and Strategy Officer of Showtime Networks Inc., where she was responsible for all financial matters relating to Showtime Networks’ business, including finance, strategy and systems management. information for network divisions, including budgeting, planning. , forecasting and accounting. She was instrumental in the successful scaling of the Showtime OTT platform, which launched in July 2015 and was the key financial architect for many real estate deals and transactions at Showtime. She was also a board member of the Smithsonian Channel.

Spade has served in various roles at Showtime Networks during her more than 21 years with the company, including Senior Vice President, Affiliate Funding and Business Operations for Showtime Networks Inc., where she led operations management financial and commercial distribution revenues and sales, marketing and creative expenses. Prior to joining Showtime Networks, Spade was an audit manager at PricewaterhouseCoopers in entertainment, media and communications.

Spade is a director and chair of the audit committee of the board of directors of LAMF Global Ventures Corp. I. Additionally, she is currently a board member of the T. Howard Foundation. She founded and is president of the ATR Children’s Foundation, a non-profit organization created to help children in need. Spade was selected as WICT Wonder Woman 2017 and served as an executive mentor in WICT’s mentorship program. She is a CPA and earned a bachelor’s degree in accounting from St. Joseph’s University.

Patrick O’ConnellA seasoned financial and strategic executive and media and technology industry veteran, joins AMC Networks from BRANDED, a consumer e-commerce company where he led strategic planning, financing and acquisitions.

Prior to joining BRANDED, O’Connell was Executive Vice President, Head of Corporate Development at CBS Corporation, where he was responsible for enterprise-wide strategy, financial forecasting, capital and mergers and acquisitions. At CBS, he led very complex transactions, including the merger between CBS and Viacom and the sale of CBS Radio.

O’Connell spent 14 years at Goldman, Sachs & Co. where he served as a managing director in the Investment Banking division of the Telecom, Media & Technology (TMT) group. He led coverage of the firm’s national large-cap media clients and acted as a trusted advisor to CEOs, CFOs and boards of directors in negotiating and executing strategic transactions, including mergers, acquisitions, spin-offs and IPOs, and has extensive public audience and private market financing experience. Earlier in his career, O’Connell was an auditor at PricewaterhouseCoopers.

O’Connell is a CPA as well as a Chartered Financial Analyst. He holds an MBA from the Wharton School of the University of Pennsylvania.

ABOUT AMC NETWORKS
AMC Networks (AMCX) is a global entertainment company known for its popular and critically acclaimed content. Its brands include focused streaming services AMC+, Acorn TV, Shudder, Sundance Now, ALLBLK, and the newest addition to its focused streaming portfolio, anime-focused streaming service HIDIVE, in addition to AMC, BBC AMERICA (operated through a joint venture with BBC Studios), IFC, SundanceTV, WE tv and IFC Films. AMC Studios, the company’s in-house studio, production and distribution operations, is responsible for some of the biggest titles and brands known to global audiences, including The Walking Dead, Anne Rice Catalog and Library. Agatha Christie. The Company also operates AMC Networks International, its international programming business, and 25/7 Media, its production services business.

AMC-Networks-Inc-.png

Previous On Deck is laying off a third of its staff after cutting a quarter months earlier
Next THE CARP FORMS TECH CONSORTIUM VIRTUAL NETWORK TO MAKE TECHNOLOGY TRAINING WORK FOR SENIORS AND CANADA