Saturday, March 2, 2024

AMC Networks Names Kristin Dolan CEO in Shock Transfer

AMC Networks has a brand new CEO.

Prime line

On Wednesday afternoon, AMC Networks introduced that Kristin Dolan, a longtime firm board member and the spouse of AMC Networks interim govt chairman James L. Dolan, has been named CEO, efficient Feb. 27.

Between the strains

The announcement comes only a day after the corporate reorganized its business income group, specializing in the advert gross sales portion of the staff and increasing roles for key leaders forward of the upfront.

“Kristin is a confirmed govt and operational chief with a observe report in driving organizational change, a historical past managing subscription-based companies and a deep understanding of viewers engagement and promoting. These are areas of important significance as we rework our firm and monetize our top quality content material,” James L. Dolan stated.

“Together with her appreciable expertise and data of the corporate, Kristin is the perfect individual to guide AMC Networks into its subsequent chapter as we navigate this transformative interval within the trade.”

An govt with greater than 30 years’ expertise in media and leisure, Kristin Dolan lately served as CEO of 605, an viewers measurement and information analytics agency she based in 2016. She led all day-to-day enterprise operations, together with key consumer relationships, product growth, gross sales, analysis, finance, authorized and advertising. She additionally spent 16 years in numerous working roles at Cablevision Techniques Company, rising to chief working officer.

“It’s a privilege to hitch an organization with a protracted legacy of participating audiences with glorious storytelling and world-class manufacturers,” Kristin Dolan stated. “It’s additionally the place I began my profession within the trade. I stay up for bringing my broad expertise—throughout programming, cable operations and, most lately, using information to reimagine tv promoting—to leverage AMC Networks’ robust belongings, drive the subsequent part of the corporate’s development, and construct shareholder worth within the coming years.”

The Wall Avenue Journal first reported the information, noting that the Dolans are separated however stay shut.

Backside line

AMC’s CEO announcement comes after months of uncertainty on the firm.

In November 2022, former CEO Christina Spade exited the corporate after mere months within the place. Spade’s exit was adopted by large-scale cutbacks, the place the corporate reportedly laid off 20% of its U.S. employees.

The announcement comes only a day after the corporate reorganized its business income group, specializing in the advert gross sales portion of the staff and increasing roles for key leaders forward of the upfront. At the moment, an AMC consultant instructed Adweek there was no replace on the then-vacant CEO seat.

In response to WSJ, regardless of the current layoffs, the corporate is taking a look at additional methods to chop prices and enhance development in streaming subscriptions.

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