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AMC Networks buying RLJ Entertainment, owner of SVODs Acorn TV and UMC

Y2kTheNewOldies

Y2kTheNewOldies

https://www.fiercevideo.com/video/amc-networks-buying-rlj-entertainment-owner-svods-acorn-tv-and-umc


. After years of investments, AMC Networks is buying a majority stake in RLJ Entertainment, a company that owns streaming service Acorn TV and Urban Movie Channel (UMC).

AMC Networks is buying the company as part of a going-private merger in a transaction valued at approximately $274 million. AMC Networks will pay, in cash, an aggregate of approximately $65 million to holders of RLJ Entertainment’s outstanding common stock, preferred stock and warrants not currently owned by AMC Networks, Robert L. Johnson and their respective affiliates.
Click to expand...

A new media deal talk is at play here.
 
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