AMC Networks chief financial officer Patrick O’Connell anticipates that the now-resolved Hollywood strikes will have “no material impact” on its revenue, profits or cash flow.
“We understood and sort of expected there would be some type of work disruption that would arise. We were in the process of reducing our volume of produce content already. So we had a lot of stuff that was going to be on the shelf,” O’Connell explained. “And so we were the beneficiaries of partly good planning, and then partly a little bit of luck, the strikes didn’t last as long as we feared.”
“I wouldn’t go so far as to call it a nothing burger, but it’s as close to that as it can be financially,” he added.