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Chello deal drives AMC revenue

Walking Dead MichonneUS-based broadcaster AMC has attributed a rise in its international revenues to its 2014 acquisition of rival channels group Chellomedia.

The Walking Dead net AMC closed its 750 million agreement Chello in February 2014 and used this as a springboard to launch its flagship AMC channels in various territories by rebranding Chello’s MGM network, and to reorganise its wider business.

On Friday, the firm reported international revenues of US$110 million for its fourth financial quarter. This was up from US$92 million the previous year and was attributed to the Chello deal.

However the unit still made an operating loss of US$19 million, up from US$2 million in Q4 2013 in part due to restructuring costs.

Full year international revenues were up at US$434 million, compared with US$378 million the yeat before.

Besides Chello, which is now part of AMC Networks International, AMC also acquired a 49.9% stake in BBC America last year, which gives it operational control of the US cable channel.

Overall, AMC recorded Q4 revenues were up 19% at US$609 million with operating income up 87.1% at US$159 million.