Sources tell Bloomberg that AMC is in the process of developing Internet-based subscription video services, or so says a person — who wishes not to be named — with “knowledge of the situation.”
According to the source this project is still in the early stages, but AMC plans to offer specialized content, like documentaries, to internet subscribers. The source notes, however, that licensed shows like Mad Men and The Walking Dead won’t be moving from the flagship channel, and thus aren’t expected have their own presence on the web.
As Bloomberg points out, AMC is hardly the first entity to develop web-based subscription television. Both Disney and DreamWorks Animation SKG Inc. have laid the groundwork already with the later even unveiling a YouTube channel earlier this week that will be overseen by the founder of an online teen video company it acquired last year.
This is certainly an interesting move for AMC, which also owns IFC and WE tv and operates two on-demand channels — YEAH! and Sundance. The company’s stock has been under a lot of scrutiny in recent months and shares of said stock have already declined 11 percent this year.
We’re glad the source noted that this shouldn't have any effect on The Walking Dead, but it should be interesting to see if and how all of this pans out.
Are you interested in web-based subscription TV from AMC? Tell us what you think in the comments below!
The Walking Dead Season 5 premieres in October 2014 on AMC.