AMC Networks Stock Motivated by the company Purchase of Sentai Filmworks and HiDive

AMC Networks Stock

AMC Networks Stock Rise when Sentai Holdings, which comprises the Sentai Filmworks licensing organization and the HiDIVE anime streaming service, was acquired by AMC Networks on January 5. Cool Japan Fund, Inc., which had previously invested approximately US$30 million in Sentai Filmworks since 2019, has sold all of its member interests in the company.

“This acquisition will not affect Sentai’s aim to bring the most thrilling anime entertainment to viewers around the world – it will considerably enhance it and give our multimedia businesses more distribution, more partnerships, more scale, and more influence,” said John Ledford, the company’s creator. Ledford will keep his senior position.

AMC Networks Stock as of writing this: $37.91

AMC Networks Stock
© Sentai Holdings

AMC Networks Stock (AMCX) shares closed 5.4 percent higher at $39.19 in the most recent trading session. The increase was accompanied by a significant increase in volume, with a higher-than-average number of shares changing hands during the session. In comparison, the stock has lost 6.4 percent in the last four weeks.

AMC Networks is focusing on growing its streaming business, with the goal of reaching 9 million paid members by the end of 2022. The rising levels of engagement seen across Shudder, Sundance Now, AMC+, Acorn TV, and ALLBLK’s streaming portfolios bodes well. To entice more users, the corporation is investing in expanding its collection of unique TV content.

The buying of Crunchyroll by Funimation became official in September 2021, bolstering Sony’s position in the anime streaming market. Sentai remained independent throughout, while Sentai Filmworks had a contract with Crunchyroll to distribute CR titles on home video, and HiDIVE had a collaboration with VRV.

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