AMC Networks Inc, home to hits
such as "Breaking Bad" and "Mad Men", reported a
better-than-expected quarterly profit as the company's
international business benefited from its purchase of
international content provider Chellomedia.

AMC bought Chellomedia, a unit of John Malone's Liberty
Global Plc, for about $1.04 billion in January, giving
it access to markets in more than 130 countries.

Revenue from the division that holds the company's
international and film business jumped almost nine-fold to
$122.7 million, helped by the success of the Richard Linklater
film "Boyhood", a family drama filmed over 12 years.

However AMC's new shows, such as "Low Winter Sun", "Turn"
and "Halt & Catch Fire", have failed to replicate the success of
"Breaking Bad", "Mad Men" and "the Walking Dead", and the
company's net profit slipped as it spent more on production.

AMC is slated to release a prequel to the Emmy-winning
"Breaking Bad", titled "Better Call Saul", in February.

The company is picking up a companion show to the zombie hit
"The Walking Dead", which looks at how the zombie apocalypse is
affecting other parts of the world. (bit.ly/Yi0DZv)

AMC's shares rose 1.3 percent at $60.74 in early trading on
the Nasdaq on Thursday.

Net income attributable to AMC fell to $53.2 million, or 73
cents per share, in the third quarter ended Sept. 30 from $58.1
million, or 80 cents per share, a year earlier.

Net revenue rose to $519.55 million from $395.33 million.

The company earned 74 cents per share from continuing
operations.

Analysts on average had expected a profit of 73 cents per
share, on revenue of $511.1 million, according to Thomson
Reuters I/B/E/S.

(Reporting by Anya George Tharakan and Subrat Patnaik in
Bangalore; Editing by Ted Kerr)


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