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AMC Global Media Stock Drops On Q2 Earnings Miss
As it announced a $500 million renewal of The Walking Dead with Netflix, AMC Global Media also reported second-quarter results below Wall Street’s expectations.
Summary
As it announced a $500 million renewal of The Walking Dead with Netflix, AMC Global Media also reported second-quarter results below Wall Street’s expectations. Shares in the media company, which have revived recently, sank 6% on the earnings news in pre-market trading. They have risen more than 70% over the past year.
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