0001514991-26-000011 | 10-K | XBRL Viewer

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Restructuring and Other Related Charges (Summary of Accrued Restructuring and Other Related Costs) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024
Restructuring Reserve [Roll Forward]
Beginning Balance	$ 6,221	$ 13,734
Charges	26,536	49,464
Cash payments	(13,039)	(13,295)
Non-cash content impairment adjustments	(4,834)	(44,217)
Other	1,561	535
Ending Balance	$ 16,445	$ 6,221
Restructuring Charges, Statement of Income or Comprehensive Income [Extensible Enumeration]	Restructuring and other related charges	Restructuring and other related charges
Severance and Employee-Related Costs
Restructuring Reserve [Roll Forward]
Beginning Balance	$ 4,884	$ 8,726
Charges	22,010	5,247
Cash payments	(12,210)	(8,141)
Non-cash content impairment adjustments	0	0
Other	(81)	(948)
Ending Balance	14,603	4,884
Content Impairments and Other Exit Costs
Restructuring Reserve [Roll Forward]
Beginning Balance	1,337	5,008
Charges	4,526	44,217
Cash payments	(829)	(5,154)
Non-cash content impairment adjustments	(4,834)	(44,217)
Other	1,642	1,483
Ending Balance	$ 1,842	$ 1,337

- Definition

Amount of expenses associated with exit or disposal activities pursuant to an authorized plan. Excludes expenses related to a discontinued operation or an asset retirement obligation.

+ References + Details

Summary of Significant Accounting Policies (Narrative) (Details)	12 Months Ended
	Dec. 31, 2025 USD ($) customer vote $ / shares shares	Dec. 31, 2024 USD ($) customer shares	Dec. 31, 2023 USD ($) shares	Jun. 30, 2024	Jun. 21, 2024
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Advertising costs	$ 287,200,000	$ 273,800,000	$ 241,500,000
Foreign currency transaction gains (losses)	13,300,000	(7,000,000.0)	$ 8,400,000
Equity method investments	94,800,000	81,800,000
Investments in non-marketable equity securities	45,400,000	$ 43,900,000
Repurchase amount (up to)	1,500,000,000
Treasury stock acquired	17,969,000
Available for repurchase under program	$ 117,400,000
Restricted stock units
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Antidilutive securities excluded from EPS (in shares) \| shares	0	3,400,000
Convertible Notes Payable
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Antidilutive securities excluded from EPS (in shares) \| shares		11,300,000
4.25% Convertible Senior Notes due 2029 \| Convertible Debt
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Interest rate	4.25%			4.25%	4.25%
Accounts Receivable \| Customer Concentration Risk
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Number of customers \| customer	2	1
Accounts Receivable \| Customer Concentration Risk \| Customer One
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Concentration risk, percentage	13.00%	13.00%
Accounts Receivable \| Customer Concentration Risk \| Customer Two
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Concentration risk, percentage	10.00%
Class A Common Stock
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Common stock, voting rights \| vote	1
Common stock, conversion ratio	1
Stockholders entitled election of board of directors	25.00%
Share repurchases (in shares) \| shares	2,449,000	0	0
Shares acquired, average cost per share (in dollars per share) \| $ / shares	$ 7.29
Treasury stock acquired	$ 18,000,000
Class B Common Stock
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Common stock, voting rights \| vote	10
Common stock, conversion ratio	1
Ownership percentage	0.83
Share repurchases (in shares) \| shares	0
Prepaid expenses and other current assets
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Income tax receivable, program rights	$ 125,300,000	$ 182,000,000
Other Noncurrent Assets
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Income tax receivable, program rights	$ 95,000,000	$ 42,400,000
Restricted stock units
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Antidilutive securities excluded from EPS (in shares) \| shares			500,000
2011 Non-Employee Director Plan \| Restricted stock units
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Vesting percentage	100.00%

Insider Trading Arrangements	3 Months Ended
Insider Trading Arrangements	Dec. 31, 2025
Trading Arrangements, by Individual
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false

Description of Business and Basis of Presentation (Details)	12 Months Ended
	Dec. 31, 2025 segment network
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Number of operating segments \| segment	2
Number of national programming networks \| network	5

Leases (Narrative) (Details) $ in Millions	1 Months Ended
Leases (Narrative) (Details) $ in Millions	Dec. 31, 2025 USD ($)
Leases [Abstract]
Gain (loss) on contract termination	$ 3.4

Derivative Financial Instruments (Tables)

12 Months Ended

Dec. 31, 2025

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Fair Value of Derivative Instruments Included in Balance Sheets

The fair values of the Company's derivative financial instruments included in the consolidated balance sheets are as follows:


(In thousands)		December 31,
	Balance Sheet Location	2025		2024



Derivatives not designated as hedging instruments:
Assets:
Foreign currency derivatives	Prepaid expenses and other current assets	$	2,736	$	944
Foreign currency derivatives	Other assets	6,795		3,945


Liabilities:
Foreign currency derivatives	Accrued liabilities	$	1,993	$	945

Foreign currency derivatives	Other liabilities	4,408		1,385

Schedule of Other Derivatives Not Designated as Hedging Instruments, Statements of Financial Performance and Financial Position, Location

The amount of gains and losses related to the Company's derivative financial instruments not designated as hedging instruments are as follows:


(In thousands)	Location of Gain (Loss) Recognized in Earnings on Derivatives	Amount of Gain (Loss) Recognized in Earnings on Derivatives
		Years Ended December 31,
		2025		2024		2023


Foreign currency derivatives	Miscellaneous, net	$	101	$	(3,228)	$	11,711

Consolidated Statements of Income (Loss) - USD ($) shares in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Income Statement [Abstract]
Revenues, net	$ 2,311,801	$ 2,421,314	$ 2,711,877
Operating expenses:
Technical and operating (excluding depreciation and amortization)	1,141,393	1,132,593	1,327,500
Selling, general and administrative	818,341	781,329	764,087
Depreciation and amortization	94,425	98,015	107,402
Impairment and other charges	97,784	399,513	96,689
Restructuring and other related charges	26,536	49,464	27,787
Total operating expenses	2,178,479	2,460,914	2,323,465
Operating income (loss)	133,322	(39,600)	388,412
Other income (expense):
Interest expense	(172,353)	(166,186)	(152,703)
Interest income	27,746	36,803	37,018
Gain (loss) on extinguishment of debt, net	129,800	(105)	0
Miscellaneous, net	29,483	(5,409)	23,279
Total other income (expense)	14,676	(134,897)	(92,406)
Income (loss) from operations before income taxes	147,998	(174,497)	296,006
Income tax expense	(46,226)	(43,490)	(94,606)
Net income (loss) including noncontrolling interests	101,772	(217,987)	201,400
Net (income) loss attributable to noncontrolling interests	(12,372)	(8,559)	14,064
Net income (loss) attributable to AMC Networks' stockholders	$ 89,400	$ (226,546)	$ 215,464
Net income (loss) per share attributable to AMC Networks' stockholders:
Basic (in dollars per share)	$ 2.01	$ (5.10)	$ 4.92
Diluted (in dollars per share)	$ 1.66	$ (5.10)	$ 4.90
Weighted average common shares:
Basic (in shares)	44,420	44,438	43,827
Diluted (in shares)	56,590	44,438	43,991

Revenue Recognition

12 Months Ended

Dec. 31, 2025

Revenue from Contract with Customer [Abstract]

Revenue Recognition

Revenue is recognized when, or as, performance obligations under the terms of a contract are satisfied, which generally occurs when, or as, control of the promised products or services is transferred to customers. Revenue is measured as the amount of consideration the Company expects to receive in exchange for transferring products or services to a customer ("transaction price"). To the extent the contract includes variable consideration, the Company estimates the amount of variable consideration that should be included in the transaction price utilizing the most likely amount to which the Company expects to be entitled. Variable consideration is included in the transaction price if, in the Company’s judgment, it is probable that a significant future reversal of cumulative revenue under the contract will not occur. Estimates of variable consideration and determination of whether to include estimated amounts in the transaction price are based largely on an assessment of the Company’s anticipated performance and all information that is reasonably available. Amounts collected on behalf of others (including taxes), where the Company is an agent, are excluded from revenue.

When determining the transaction price of a contract, an adjustment is made if payment from a customer occurs either significantly before or significantly after performance, resulting in a significant financing component. Applying a practical expedient in the guidance, the Company does not assess whether a significant financing component exists if the period between when the Company performs its obligations under the contract and when the customer pays is one year or less.

Contracts with customers may contain multiple performance obligations. For such arrangements, the transaction price is allocated to each performance obligation based on the estimated relative standalone selling prices of the promised products or services underlying each performance obligation. The Company determines relative standalone selling prices based on the price at which the performance obligations are sold separately. If the standalone selling price is not observable through past transactions, the Company estimates the standalone selling price considering available information such as market conditions and internal pricing guidelines related to the performance obligations.

The Company’s revenue recognition policies summarizing the nature, amount, timing and uncertainty associated with each major source of revenue from contracts with customers are described below.

Subscription

Subscription revenues primarily consist of affiliate fees received from distributors for the rights to use the Company's network programming under multi-year contracts, commonly referred to as "affiliation agreements," and subscription fees for our streaming services. Subscription revenues are earned from cable and other multichannel video programming distribution platforms, including direct broadcast satellite ("DBS"), platforms operated by telecommunications providers and virtual multichannel video programming distributors (collectively "distributors"). The Company’s streaming services are also available to subscribers through digital streaming platforms and our direct-to-consumer ("DTC") applications.

The majority of the Company’s subscription revenues relate to sales-based and usage-based royalties which are recognized on the later of (i) when the subsequent sale or usage occurs and (ii) satisfaction or partial satisfaction of the performance obligation to which some or all of the sales-based or usage-based royalty has been allocated to. Costs incurred for services provided to us by distributors, such as advertising and marketing, that are in exchange for a distinct service are recorded as expenses. If a distinct service is not received, such costs are recorded as a reduction of revenue. Occasionally, the Company incurs costs to obtain a distribution contract and these costs are amortized over the period of the related distribution contract as a reduction of revenue.

The Company's performance obligation under affiliation agreements is a license of functional intellectual property that is satisfied as the Company provides its programming over the term of the agreement. The transaction price is represented by subscription fees that are generally based upon contractual rates applied to the number of the distributor's subscribers who receive or can receive our programming ("rate-per-subscriber"), or, to a lesser extent and primarily in AMCNI affiliation agreements, fixed contractual monthly fees ("fixed fee").

For rate-per-subscriber agreements, the Company applies the sales-based or usage-based royalty guidance, and accordingly, recognizes revenue in the period of the distributor’s usage, based on the subscription fee earned during the period.

Fixed fee affiliation agreements are generally billed in monthly installments, and such amounts may vary over the term of the contract. In cases where the invoice amount corresponds directly with the value to the affiliate of the performance to-date, the Company recognizes revenue based on the invoiced amount. In cases where changes in fees during the contract term do not

correspond directly to the value of the performance to-date (for example, if the fees vary over the contract term due to a significant financing or credit risk component), the Company recognizes the total amount of fixed transaction price over the contract period using a time-based (e.g., straight-line) measure of progress.

The Company’s fixed fee affiliation agreements may contain guaranteed minimum fees that are recoupable during the term of the agreement, and variable fees based on rates-per-subscriber after the guaranteed minimum is recouped. The Company recognizes revenue for the fixed consideration over the minimum guarantee period and recognizes variable fees only when cumulative consideration exceeds the minimum guarantee.

The Company's performance obligation in connection with its streaming services is a license of functional intellectual property that is satisfied as the Company provides its programming over the term of the agreement. Subscription fees for the Company's streaming services are typically based on a per subscriber fee and are generally paid by distributors and consumers on a monthly basis. The Company applies the sales-based or usage-based royalty guidance, and accordingly, recognizes revenue in the period of usage, based on the subscription fee earned during the period.

In the first quarter of 2025, the Company updated the definitions of "affiliate revenues" and "streaming revenues." These changes have no effect on the Company's consolidated financial statements or results of operations, or operating segment results. The impact of these changes to historical affiliate revenues and streaming revenues is not material. The new definitions are as follows:

Affiliate revenues: Represents fees received from distributors for the rights to use the Company's programming under multi-year contracts, commonly referred to as "affiliation agreements." Affiliate revenues also include fees received from distributors who provide access to the Company's streaming services to end users through a video package that also includes access to the Company's programming networks. Affiliate revenues are earned from cable and other multichannel video programming distribution platforms, including direct broadcast satellite and platforms operated by telecommunications providers and virtual multichannel video programming distributors.

Streaming revenues: Represents fees for the Company's streaming services earned from the Company's direct-to-consumer platforms as well as through streaming platform arrangements with companies that sell the Company's streaming services on the Company's behalf.

Advertising

The Company generates revenues from the sale of advertising time on its networks. In such arrangements, the Company generally promises to air a certain number of commercials (spots) and to generate guaranteed viewer ratings for an audience demographic (impressions) over a period that generally does not exceed one year. The promise to deliver impressions by airing spots represents the Company’s performance obligation. Advertising revenues are recognized as commercials are aired, to the extent that guaranteed viewer ratings are achieved. A contract liability is recognized to the extent the guaranteed viewer ratings are not met, and is subsequently recognized as revenue either when the Company provides the required additional advertising or the guarantee obligation contractually expires. Generally, payment terms are 30 days after revenue is earned.

Content Licensing and Other

The Company licenses its original programming content to certain distributors, including under streaming and electronic sell-through ("EST") arrangements. For streaming licensing arrangements, our performance obligation is a license to functional intellectual property that provides the distributor the right to use our programming as it exists at a point in time. The satisfaction of the Company’s performance obligation, and related recognition of revenue, occurs at the later of the beginning of the license period, or when we provide the programming to the distributor. The Company’s performance obligation in a content license arrangement pertains to each distinct unit of content, which is generally each season of an episodic series or a film. The Company typically delivers all episodes of a season for a series concurrently and the licensee’s rights to exploit the content is the same across all of the episodes. The Company adjusts the transaction price for the time value of money in cases where license fees are paid over several years. A contract asset is recognized for the difference between the revenue recognized and the amount we are permitted to invoice.

For EST license fee arrangements, the Company applies the sales-based or usage-based royalty guidance and recognizes revenue in the period of end-customer purchases, based on the fees earned during the period.

The Company also licenses trademarks, logos, brands, derivative character copyrights, etc. under multi-year arrangements. Under these arrangements, the Company may receive a non-refundable minimum guarantee that is recoupable against a volume-based royalty throughout the term of the agreement. The performance obligation is a license of symbolic intellectual property that provides the customer with a right to access the intellectual property. The Company adjusts the transaction price for the time value of money in cases where license fees are paid over several years. The Company recognizes revenue for the

minimum guarantee on a straight-line basis over the term of the agreement, and recognizes variable fees only when cumulative consideration exceeds the minimum guarantee.

The Company’s payment terms vary by the type and location of customer. Generally, payment terms mirror the term of the license agreement and may be in excess of one-year after satisfaction of the performance obligation.

The Company also earns revenue from production and transmission services. Such services are recognized as revenue as the services are performed.

Transaction Price Allocated to Future Performance Obligations

The guidance requires disclosure of the aggregate amount of transaction price that is allocated to performance obligations that have not yet been satisfied as of December 31, 2025. However, the guidance does not apply to sales-based or usage-based royalty arrangements and also provides certain practical expedients that allow companies to omit this disclosure requirement for (i) contracts with an original expected length of one year or less, (ii) contracts for which revenue is recognized at the amount to which the Company has the right to invoice for services performed and (iii) variable consideration related to a wholly unsatisfied performance obligation.

As of December 31, 2025, other than contracts for which the Company has applied the practical expedients, the aggregate amount of transaction price allocated to remaining performance obligations was not material to our consolidated revenues.

Contract Balances from Contracts with Customers

The timing of revenue recognition, billings and cash collections results in billed receivables, contract assets and contract liabilities in the consolidated balance sheets.

For certain types of contracts with customers, the Company may recognize revenue in advance of the contractual right to invoice the customer, and that right is conditional upon something other than the passage of time, resulting in an amount recorded to contract assets. Once the Company has an unconditional right to consideration under a contract, the contract assets are reclassified to accounts receivable. The Company had no contract assets as of December 31, 2025 or 2024.

When consideration is received, or such consideration is unconditionally due, from a customer prior to transferring goods or services to the customer under the terms of a contract, a contract liability is recorded. Contract liabilities are recognized as revenue when, or as, control of the products or services is transferred to the customer and all revenue recognition criteria have been met. The primary source of the Company’s contract liabilities relates to advertising sales arrangements where the guaranteed viewer ratings are not met, and for advanced payments related to our streaming services subscriptions.

The following table provides information about receivables and contract liabilities from contracts with customers.


(In thousands)	December 31, 2025		December 31, 2024
Balances from contracts with customers:
Accounts receivable (including long-term receivables, within Other assets)	$	610,021	$	674,631


Contract liabilities, short-term (Deferred revenue)	63,651		61,838

Revenue recognized for the years ended December 31, 2025, 2024 and 2023, relating to the contract liabilities at the beginning of the respective periods was $47.2 million, $50.5 million and $111.4 million, respectively.

During 2024, we recognized revenues of $20.8 million for retroactive adjustments reported by a third party, for which our performance obligation was satisfied in a prior period.

In October 2023, the Company entered into an agreement enabling it to sell certain customer receivables to a financial institution on a recurring basis for cash. The transferred receivables will be fully guaranteed by a bankruptcy-remote entity and the financial institution that purchases the receivables will have no recourse to the Company's other assets in the event of non-payment by the customers. The Company can sell an indefinite amount of customer receivables under the agreement on a revolving basis, but the outstanding balance of unpaid customer receivables to the financial institution cannot exceed the initial program limit of $125.0 million at any given time. As of December 31, 2025, the Company had not yet sold any customer receivables under this agreement.

- Definition

The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts.

+ References

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+ Details

Cash Flows (Tables)

12 Months Ended

Dec. 31, 2025

Cash Flow, Noncash Investing and Financing Activities Disclosure [Abstract]

Schedule of Non-Cash Activities And Other Supplemental Data

The following table summarizes income taxes paid, net, for the year ended December 31, 2025:



(In thousands)

U.S. Federal	$	28,000
U.S State and local	6,637
Foreign	11,753





Total income taxes paid, net	$	46,390

The following table details the Company's non-cash investing and financing activities and other supplemental data:


(In thousands)	Years Ended December 31,
	2025		2024		2023
Non-Cash Investing and Financing Activities:

Operating lease additions	$	33,056	$	8,272	$	7,647
Finance lease additions	2,625		2,991		—

Capital expenditures incurred but not yet paid	1,310		1,765		974

Supplemental Data:
Cash interest paid	156,563		129,164		149,535

Leases (Schedule of Maturity of Lease Liabilities) (Details) - USD ($) $ in Thousands	Dec. 31, 2025	Dec. 31, 2024
Operating Leases
2026	$ 20,372
2027	12,639
2028	18,725
2029	15,589
2030	14,865
Thereafter	27,006
Total lease payments	109,196
Less: Interest	25,100
Present value of lease liabilities	84,096
Finance Leases
2026	4,643
2027	3,611
2028	3,729
2029	1,959
2030	1,428
Thereafter	2,856
Total lease payments	18,226
Less: Interest	2,416
Present value of lease liabilities	15,810
Total
2026	25,015
2027	16,250
2028	22,454
2029	17,548
2030	16,293
Thereafter	29,862
Total lease payments	127,422
Less: Interest	27,516
Total lease liabilities	$ 99,906	$ 97,020

Redeemable Noncontrolling Interests (Activity) (Details) - USD ($)			12 Months Ended
	Nov. 26, 2025	Nov. 01, 2024	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Stockholders' Equity Attributable to Noncontrolling Interest [Roll Forward]
Beginning balance			$ 55,881,000	$ 185,297,000	$ 253,669,000
Net (losses) earnings			4,619,000	(7,082,000)	(1,779,000)
Distributions				(12,039,000)	(66,593,000)
Adjustment to redemption fair value			708,000	22,594,000
Cash paid for purchase of noncontrolling interest	$ (75,000,000)	$ (42,000,000)	(75,000,000)	(42,000,000)
Transfer to Paid-in capital upon purchase of noncontrolling interest	(13,800,000)	(90,900,000)	13,792,000	(90,889,000)
Ending balance	$ 0	$ 0	$ 0	$ 55,881,000	$ 185,297,000

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Dec. 31, 2025	Dec. 31, 2024
Accounts receivable, trade, allowance for doubtful accounts	$ 11,523	$ 9,468
Property and equipment, accumulated depreciation	$ 409,991	$ 458,396
Preferred stock, par value (in dollars per share)	$ 0.01	$ 0.01
Preferred stock, shares authorized (in shares)	45,000,000	45,000,000
Preferred stock, shares issued (in shares)	0	0
Class A Common Stock
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized (in shares)	360,000,000	360,000,000
Common stock, shares, issued (in shares)	66,730,000	66,730,000
Common stock, shares, outstanding (in shares)	31,215,000	32,636,000
Treasury stock (in shares)	35,516,000	34,094,000
Class B Common Stock
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized (in shares)	90,000,000	90,000,000
Common stock, shares, issued (in shares)	11,484,000	11,484,000
Common stock, shares, outstanding (in shares)	11,484,000	11,484,000

Commitments and Contingencies

12 Months Ended

Dec. 31, 2025

Commitments and Contingencies Disclosure [Abstract]

Commitments and Contingencies

Commitments


(In thousands)	Payments due by period
	Total		Year 1		Years 2 - 3		Years 4 - 5		More than 5 years
Purchase obligations (1)	$	498,951	$	258,959	$	163,354	$	58,186	$	18,452

(1)Purchase obligations consist primarily of program rights obligations, transmission and marketing commitments, and long-term third-party service contracts.

Legal Matters

On August 14, 2017, Robert Kirkman, Robert Kirkman, LLC, Glen Mazzara, 44 Strong Productions, Inc., David Alpert, Circle of Confusion Productions, LLC, New Circle of Confusion Productions, Inc., Gale Anne Hurd, and Valhalla Entertainment, Inc. f/k/a Valhalla Motion Pictures, Inc. (together, the "Plaintiffs") filed a complaint in California Superior Court in connection with Plaintiffs’ rendering of services as writers and producers of the television series entitled The Walking Dead, as well as Fear the Walking Dead and/or Talking Dead, and the agreements between the parties related thereto (the "Walking Dead Litigation"). The Plaintiffs asserted that the Company had been improperly underpaying the Plaintiffs under their contracts with the Company and they asserted claims for breach of contract, breach of the implied covenant of good faith and fair dealing, inducing breach of contract, and liability for violation of Cal. Bus. & Prof. Code § 17200. The Plaintiffs sought compensatory and punitive damages and restitution. On August 8, 2019, the judge in the Walking Dead Litigation ordered a trial to resolve certain issues of contract interpretation only. Following eight days of trial in February and March 2020, on July 22, 2020, the judge issued a Statement of Decision finding in the Company's favor on all seven matters of contract interpretation before the court in this first phase trial. On January 20, 2021, the Plaintiffs filed a second amended complaint, eliminating eight named defendants and their claims under Cal. Bus. & Prof. Code § 17200. On May 5, 2021, the Plaintiffs filed a third amended complaint, repleading in part their claims for alleged breach of the implied covenant of good faith and fair dealing, inducing breach of contract, and certain breach of contract claims. On June 2, 2021, the Company filed a demurrer and motion to strike seeking to dismiss the claim for breach of the implied covenant of good faith and fair dealing and certain tort and breach of contract claims asserted in the third amended complaint. On July 27, 2021, the court granted in part and denied in part the Company's motion. On January 12, 2022, the Company filed a motion for summary adjudication of many of the remaining claims. On April 6, 2022, the court granted the Company’s summary adjudication motion in part, dismissing the Plaintiffs’ claims for breach of the implied covenant of good faith and fair dealing and inducing breach of contract. On January 26, 2023, the Plaintiffs filed a notice of appeal of the court’s post-trial, demurrer, and summary adjudication decisions. On

September 25, 2024, a hearing was held on the Plaintiffs’ appeals. On November 4, 2024, the appellate court issued a decision affirming the trial court’s decisions in favor of the Company in the 2021 first phase trial and the 2022 motion for summary judgment. The parties entered into an agreement to resolve through confidential binding arbitration the remaining claims in the litigation (consisting mainly of ordinary course profit participation audit claims), and as a result, the court formally dismissed the case. The arbitration to resolve the two remaining claims for breach of contract was held between October 16 through October 20, 2023. On March 12, 2024, the arbitral panel issued a decision awarding the Plaintiffs a sum of approximately $7.8 million. The arbitral panel's decision did not have a material impact on the Company's financial condition or results of operations.

On November 14, 2022, the Plaintiffs filed a separate complaint in California Superior Court (the “MFN Litigation”) in connection with the Company’s July 2021 settlement agreement with Frank Darabont (“Darabont”), Ferenc, Inc., Darkwoods Productions, Inc., and Creative Artists Agency, LLC (the “Darabont Parties”), which resolved litigations the Darabont Parties had brought in connection with Darabont's rendering services as a writer, director and producer of the television series entitled The Walking Dead and the agreement between the parties related thereto (the “Darabont Settlement”). Plaintiffs assert claims for breach of contract, alleging that the Company breached the most favored nations (“MFN”) provisions of Plaintiffs’ contracts with the Company by failing to pay them additional contingent compensation as a result of the Darabont Settlement. Plaintiffs claim in the MFN Litigation that they are entitled to actual and compensatory damages in excess of $200 million. On December 15, 2022, the Company removed the MFN Litigation to the United States District Court for the Central District of California. On February 25, 2025, the Plaintiffs filed an amended complaint adding two claims for the alleged breach of the MFN provisions of their contracts based on certain agreements the Company entered into with another profit participant and a claim for breach of the implied covenant of good faith and fair dealing. On March 14, 2025, the Company filed its answer to the amended complaint. On November 5, 2025, the Company filed a motion for summary judgment seeking dismissal of all the claims in the MFN Litigation. The Plaintiffs’ opposition to the Company’s motion was filed on December 4, 2025 and the Company’s reply was filed on December 22, 2025. The parties are also completing limited remaining expert and fact discovery. As a result of a Court order extending the case deadlines, the trial for this matter, previously scheduled for March 26, 2026, has been rescheduled to April 21, 2026. The Company believes that the asserted claims are without merit and will vigorously defend against them if they are not dismissed. At this time, no determination can be made as to the ultimate outcome of this litigation or the potential liability, if any, on the part of the Company.

The Company is party to various lawsuits and claims in the ordinary course of business, including the matters described above, as well as other lawsuits and claims relating to employment, intellectual property, and privacy and data protection matters. Although the outcome of these matters cannot be predicted with certainty and while the impact of these matters on the Company's results of operations in any particular subsequent reporting period could be material, management does not believe that the resolution of these matters will have a material adverse effect on the financial position of the Company or the ability of the Company to meet its financial obligations as they become due.

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Cash flows from operating activities:
Net income (loss) including noncontrolling interests	$ 101,772	$ (217,987)	$ 201,400
Adjustments to reconcile net income (loss) to net cash from operating activities:
Depreciation and amortization	94,425	98,015	107,402
Non-cash impairment and other charges	97,784	399,513	87,089
Share-based compensation expenses related to equity classified awards	25,330	26,051	25,665
Non-cash restructuring and other related charges	4,834	44,217	15,147
Amortization and write-offs of program rights	846,800	889,394	906,158
Amortization of deferred carriage fees	21,155	26,748	21,341
Unrealized foreign currency transaction (gain) loss	(10,761)	4,595	2,716
Amortization of deferred financing costs and discounts on indebtedness	7,208	7,335	7,574
(Gain) loss on extinguishment of debt	(129,800)	105	0
Deferred income taxes	(17,278)	(63,063)	49,736
Other, net	(11,276)	(3,685)	(2,731)
Changes in assets and liabilities:
Accounts receivable, trade (including amounts due from related parties, net)	51,376	30,886	34,332
Prepaid expenses and other assets	35,215	215,028	103,258
Program rights and obligations, net	(815,229)	(932,269)	(1,079,910)
Deferred revenue	1,742	(3,963)	(60,671)
Deferred carriage fees, net	(17,723)	(22,828)	(17,826)
Accounts payable, accrued liabilities and other liabilities	20,096	(122,477)	(196,761)
Net cash provided by operating activities	305,670	375,615	203,919
Cash flows from investing activities:
Capital expenditures	(33,303)	(44,775)	(35,207)
Proceeds from sale of investments	0	0	8,565
Other, net	(908)	4,399	2,320
Net cash used in investing activities	(34,211)	(40,376)	(24,322)
Cash flows from financing activities:
Proceeds from the issuance of 4.25% Convertible Senior Notes due 2029, net	0	139,437	0
Principal payments on Term Loan A Facility	(282,830)	(241,875)	(33,750)
Payments for financing costs	(3,926)	(10,628)	(342)
Deemed repurchases of restricted stock units	(4,044)	(4,626)	(7,271)
Purchase of treasury stock	(17,969)	0	0
Principal payments on finance lease obligations	(4,670)	(4,650)	(4,222)
Purchase of noncontrolling interests	(75,000)	(42,000)	(1,343)
Distributions to noncontrolling interests	(7,271)	(23,992)	(72,876)
Net cash used in financing activities	(570,288)	(110,223)	(544,435)
Net increase (decrease) in cash and cash equivalents from operations	(298,829)	225,016	(364,838)
Effect of exchange rate changes on cash and cash equivalents	16,559	(10,943)	5,412
Cash and cash equivalents at beginning of year	784,649	570,576	930,002
Cash and cash equivalents at end of year	502,379	784,649	570,576
Senior Notes
Adjustments to reconcile net income (loss) to net cash from operating activities:
(Gain) loss on extinguishment of debt	(27,200)
10.50% Senior Notes Due 2032 \| Senior Notes
Cash flows from financing activities:
Proceeds from issuance of Senior Secured Notes, net	394,500	0	0
10.25% Senior Secured Notes due 2029 \| Senior Notes
Cash flows from financing activities:
Proceeds from issuance of Senior Secured Notes, net	0	862,969	0
4.75% Senior Notes Due 2025 \| Senior Notes
Cash flows from financing activities:
Repayments of senior debt	0	(774,729)	(24,631)
4.25% Senior Notes due 2029 \| Senior Notes
Cash flows from financing activities:
Repayments of senior debt	(569,078)	(10,129)	0
5.00% Senior Notes due 2024 \| Senior Notes
Cash flows from financing activities:
Repayments of senior debt	$ 0	$ 0	$ (400,000)

Segment Information (Schedule of Fixed Assets by Geographic Location) (Details) - USD ($) $ in Thousands	Dec. 31, 2025	Dec. 31, 2024
Revenues from External Customers and Long-Lived Assets [Line Items]
Property and equipment, net	$ 115,978	$ 143,036
United States
Revenues from External Customers and Long-Lived Assets [Line Items]
Property and equipment, net	97,357	127,881
Europe
Revenues from External Customers and Long-Lived Assets [Line Items]
Property and equipment, net	15,282	13,634
Other
Revenues from External Customers and Long-Lived Assets [Line Items]
Property and equipment, net	$ 3,339	$ 1,521

Consolidated Statements of Comprehensive Income (Loss) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Statement of Comprehensive Income [Abstract]
Net income (loss) including noncontrolling interests	$ 101,772	$ (217,987)	$ 201,400
Other comprehensive income (loss):
Foreign currency translation adjustment	51,240	(34,963)	8,248
Income tax expense	(450)	(93)	(75)
Other comprehensive income (loss), net of income taxes	50,790	(35,056)	8,173
Comprehensive income (loss)	152,562	(253,043)	209,573
Comprehensive (income) loss attributable to noncontrolling interests	(15,103)	(7,641)	12,858
Comprehensive income (loss) attributable to AMC Networks' stockholders	$ 137,459	$ (260,684)	$ 222,431

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+ Details

Accrued Liabilities (Tables)

12 Months Ended

Dec. 31, 2025

Accrued Liabilities [Abstract]

Schedule of Accrued Liabilities

Accrued liabilities consist of the following:


(In thousands)	December 31, 2025		December 31, 2024
Employee related costs	$	77,635	$	79,873
Participations and residuals	127,859		118,101
Interest	68,940		60,485
Restructuring and other related charges	16,445		6,221
Other accrued expenses	32,150		26,038
Total accrued liabilities	$	323,029	$	290,718

Program Rights and Obligations (Schedule of Future Payments) (Details) $ in Thousands	Dec. 31, 2025 USD ($)
Film, Disclosures [Abstract]
2026	$ 258,252
2027	99,891
2028	54,213
2029	25,810
2030	1,590
Thereafter	269
Total	$ 440,025

SCHEDULE II VALUATION AND QUALIFYING ACCOUNTS

12 Months Ended

Dec. 31, 2025

SEC Schedule, 12-09, Valuation and Qualifying Accounts [Abstract]

Schedule II Valuation and Qualifying Accounts

SCHEDULE II

VALUATION AND QUALIFYING ACCOUNTS

(Dollars in thousands)


(In thousands)	Balance at Beginning of Period		Provision for (Recovery of) Bad Debt		Deductions/ Write-Offs and Other Charges, Net		Balance at End of Period
Year Ended December 31, 2025
Allowance for doubtful accounts	$	9,468	$	4,546	$	(2,491)	$	11,523
Year Ended December 31, 2024
Allowance for doubtful accounts	$	9,488	$	2,230	$	(2,250)	$	9,468
Year Ended December 31, 2023
Allowance for doubtful accounts	$	8,725	$	2,503	$	(1,740)	$	9,488

Commitments and Contingencies (Narrative) (Details) $ in Millions	Mar. 12, 2024 USD ($)	Nov. 14, 2022 USD ($)	Jan. 26, 2023 claim	Jan. 20, 2021 defendant	Jul. 22, 2020 legal_matter
California Action
Loss Contingencies [Line Items]
Number of legal matters \| legal_matter					7
Number of defendants eliminated \| defendant				8
Number of remaining claims \| claim			2
Loss contingency, damages awarded, value	$ 7.8
MFN Litigation
Loss Contingencies [Line Items]
Claims for damages		$ 200.0

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

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+ Details

Summary of Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2025

Accounting Policies [Abstract]

Schedule of Weighted Average Number of Shares

Net income (loss) per basic share is based upon net income (loss) attributable to AMC Networks' stockholders divided by the weighted average number of shares of Class A Common Stock and Class B Common Stock outstanding during the period. Net income (loss) per diluted share reflects the dilutive effects, if any, of AMC Networks' outstanding equity-based awards and the assumed conversion of the 4.25% Convertible Senior Notes due 2029 (the "Convertible Notes") issued in June 2024.


(In thousands)	Years Ended December 31,
	2025		2024		2023
Net income (loss) attributable to AMC Networks' stockholders used for basic net income (loss) per share	$	89,400	$	(226,546)	$	215,464
Add: Convertible Notes interest expense, net of tax	4,582		—		—
Net income (loss) attributable to AMC Networks' stockholders used for diluted net income (loss) per share	$	93,982	$	(226,546)	$	215,464


Basic weighted average shares outstanding	44,420		44,438		43,827
Effect of dilution:
Restricted stock units	884		—		164
Convertible Notes	11,286		—		—
Diluted weighted average shares outstanding	56,590		44,438		43,991

Net income (loss) per share attributable to AMC Networks' stockholders:
Basic	$	2.01	$	(5.10)	$	4.92
Diluted	$	1.66	$	(5.10)	$	4.90

Schedule of Stock by Class

The following table summarizes common stock share activity for all years presented:


	Shares Outstanding
(In thousands)	Class A Common Stock	Class B Common Stock
Balance at December 31, 2022	31,525	11,484

Employee and non-employee director stock transactions*	552	—
Balance at December 31, 2023	32,077	11,484
Employee and non-employee director stock transactions*	559	—
Balance at December 31, 2024	32,636	11,484
Share repurchases	(2,449)	—
Employee and non-employee director stock transactions*	1,028	—
Balance at December 31, 2025	31,215	11,484

*Reflects common stock activity in connection with restricted stock units granted to employees and non-employee directors, as well as in connection with the fulfillment of employees' statutory tax withholding obligations for applicable income and other employment taxes and forfeited employee restricted stock units.

- Definition

Tabular disclosure of an entity's stock, including par or stated value per share, number and dollar amount of share subscriptions, shares authorized, shares issued, shares outstanding, number and dollar amount of shares held in an employee trust, dividend per share, total dividends, share conversion features, par value plus additional paid in capital, the value of treasury stock and other information necessary to a fair presentation, and EPS information. Stock by class includes common, convertible, and preferred stocks which are not redeemable or redeemable solely at the option of the issuer. Includes preferred stock with redemption features that are solely within the control of the issuer and mandatorily redeemable stock if redemption is required to occur only upon liquidation or termination of the reporting entity. If more than one issue is outstanding, state the title of each issue and the corresponding dollar amount; dollar amount of any shares subscribed but unissued and the deduction of subscriptions receivable there from; number of shares authorized, issued, and outstanding.

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+ Details

Income Taxes (Schedule of Earnings Before Income Taxes) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Income Tax Disclosure [Abstract]
Domestic	$ 182,190	$ (119,422)	$ 239,061
Foreign	(34,192)	(55,075)	56,945
Income (loss) from operations before income taxes	$ 147,998	$ (174,497)	$ 296,006

- Definition

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-URI https://asc.fasb.org/1943274/2147482810/280-10-50-31

Reference 15: http://fasb.org/us-gaap/role/ref/legacyRef
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-Section S99
-Paragraph 2
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Reference 16: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 942
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-Name Accounting Standards Codification
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-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478524/942-220-S99-1

+ Details

Cover Page - USD ($) $ in Millions	12 Months Ended
Cover Page - USD ($) $ in Millions	Dec. 31, 2025	Feb. 04, 2026	Jun. 30, 2025
Document Information [Line Items]
Document Type	10-K
Document Annual Report	true
Document Period End Date	Dec. 31, 2025
Current Fiscal Year End Date	--12-31
Document Transition Report	false
Entity File Number	1-35106
Entity Registrant Name	AMC Networks Inc.
Entity Incorporation, State or Country Code	NV
Entity Tax Identification Number	27-5403694
Entity Address, Address Line One	11 Penn Plaza
Entity Address, City or Town	New York
Entity Address, State or Province	NY
Entity Address, Postal Zip Code	10001
City Area Code	212
Local Phone Number	324-8500
Title of 12(b) Security	Class A Common Stock, par value $0.01 per share
Trading Symbol	AMCX
Security Exchange Name	NASDAQ
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
ICFR Auditor Attestation Flag	true
Document Financial Statement Error Correction [Flag]	false
Entity Shell Company	false
Entity Public Float			$ 194
Documents Incorporated by Reference	Certain information required in Item 10 through Item 14 of Part III of this Annual Report on Form 10-K is incorporated herein by reference to the Registrant's definitive Proxy Statement for its 2026 Annual Meeting of Stockholders, which shall be filed with the Securities and Exchange Commission pursuant to Regulation 14A of the Securities Exchange Act of 1934, as amended, within 120 days of the Registrant's fiscal year end.
Entity Central Index Key	0001514991
Document Fiscal Year Focus	2025
Document Fiscal Period Focus	FY
Amendment Flag	false
Class A Common Stock
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		31,229,673
Class B Common Stock
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		11,484,408

Goodwill and Other Intangible Assets (Narrative) (Details) - USD ($)				3 Months Ended			12 Months Ended
	Dec. 01, 2025	Dec. 01, 2024	Dec. 01, 2023	Jun. 30, 2024	Dec. 31, 2023	Jun. 30, 2023	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Goodwill [Line Items]
Accumulated impairment charges							$ 649,600,000	$ 556,200,000
Impairment charge related to goodwill				$ 68,000,000			93,384,000	370,698,000
Remaining goodwill eliminated upon sale of interest			$ 2,400,000
Aggregate amortization expense for amortizable intangible assets							31,000,000.0	33,900,000	$ 40,500,000
Impairment charges for indefinite-lived intangible assets	$ 4,400,000
Impairment, Intangible Asset, Indefinite-Lived (Excluding Goodwill), Statement of Income or Comprehensive Income [Extensible Enumeration]	Impairment and other charges
Impairment charges for long-lived assets							0
AMCNI Reporting Unit
Goodwill [Line Items]
Impairment charge related to goodwill	$ 93,400,000	$ 34,000,000
Goodwill, Impairment Loss, Statement of Income or Comprehensive Income [Extensible Enumeration]	Impairment and other charges
Domestic Operations
Goodwill [Line Items]
Impairment charge related to goodwill		$ 268,700,000
Reporting unit exceeded its respective carrying value percentage	6.00%
BBC America
Goodwill [Line Items]
Impairment charges for long-lived assets								71,600,000	71,600,000
25/7 Media
Goodwill [Line Items]
Impairment charges for long-lived assets								23,000,000	$ 23,000,000
Domestic Operations
Goodwill [Line Items]
Accumulated impairment charges							268,700,000	268,700,000
Impairment charge related to goodwill							0	268,694,000
Impairment charges for long-lived assets				13,500,000
Impairment of identifiable intangible assets				$ 15,700,000	$ 42,400,000
Impairment, Intangible Asset, Finite-Lived, Statement of Income or Comprehensive Income [Extensible Enumeration]					Impairment and other charges
International
Goodwill [Line Items]
Accumulated impairment charges							380,900,000	287,500,000
Impairment charge related to goodwill						$ 1,900,000	$ 93,384,000	$ 102,004,000
Impairment of identifiable intangible assets						$ 23,000,000
International \| 25/7 Media
Goodwill [Line Items]
Impairment charge related to goodwill			$ 19,800,000

Summary of Significant Accounting Policies (Net Income (Loss) per Share) (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Accounting Policies [Abstract]
Net income (loss) attributable to AMC Networks' stockholders used for basic net income (loss) per share	$ 89,400	$ (226,546)	$ 215,464
Add: Convertible Notes interest expense, net of tax	4,582	0	0
Net income (loss) attributable to AMC Networks' stockholders used for diluted net income (loss) per share	$ 93,982	$ (226,546)	$ 215,464
Basic weighted average shares outstanding (in shares)	44,420	44,438	43,827
Effect of dilution:
Restricted stock units (in shares)	884	0	164
Convertible Notes (in shares)	11,286	0	0
Diluted weighted average shares outstanding (in shares)	56,590	44,438	43,991
Net income (loss) per share attributable to AMC Networks' stockholders:
Basic (in dollars per share)	$ 2.01	$ (5.10)	$ 4.92
Diluted (in dollars per share)	$ 1.66	$ (5.10)	$ 4.90

Cybersecurity Risk Management and Strategy Disclosure	12 Months Ended
Cybersecurity Risk Management and Strategy Disclosure	Dec. 31, 2025
Cybersecurity Risk Management, Strategy, and Governance [Line Items]
Cybersecurity Risk Management Processes for Assessing, Identifying, and Managing Threats [Text Block]	All companies utilizing technology are subject to the risk of breaches of or unauthorized access to their computer systems. The Company maintains a cyber risk management program designed to identify, assess, manage, mitigate, and respond to cybersecurity threats. Cybersecurity threats continue to evolve, including through the increasing use of artificial intelligence and machine learning techniques to automate or enhance phishing, social engineering, and other malicious activity. The Audit Committee of our Board of Directors and our management are actively involved in the oversight of our risk management program, of which cybersecurity represents an important component. We have established policies, standards, processes and practices for assessing, identifying and managing material risks from cybersecurity threats and incidents. Our policies, processes and procedures include, among other things, annual external penetration testing using an experienced third-party company; a cybersecurity incident response and recovery plan; periodic and ongoing security awareness training for employees; the use of several comprehensive vulnerability analysis systems to evaluate software vulnerabilities both internally and externally; cryptography and encryption; data erasure and media disposal, regular data backups and restoration processes; and mechanisms to detect and monitor unusual network activity. The Company also requires that all third-party vendors that have access to or handle sensitive information undergo a risk-based vendor security assessment and provide contractual assurances relating to their security responsibilities, controls, reporting, and roles and responsibilities with regard to cybersecurity. We also maintain controls and procedures that are designed to promptly escalate certain cybersecurity incidents so that decisions regarding public disclosure and reporting of such incidents can be made by management and our Board of Directors in a timely manner. There can be no guarantee that our policies and procedures will be properly followed in every instance or that those policies and procedures will be effective. Our cyber risk management program is based on recognized best practices and standards for cybersecurity and information technology, including the National Institute of Standards and Technology (“NIST”) Cybersecurity Framework. Our cybersecurity risks are identified and addressed through a comprehensive, cross- functional approach.
Cybersecurity Risk Management Processes Integrated [Flag]	true
Cybersecurity Risk Management Processes Integrated [Text Block]	All companies utilizing technology are subject to the risk of breaches of or unauthorized access to their computer systems. The Company maintains a cyber risk management program designed to identify, assess, manage, mitigate, and respond to cybersecurity threats. Cybersecurity threats continue to evolve, including through the increasing use of artificial intelligence and machine learning techniques to automate or enhance phishing, social engineering, and other malicious activity.
Cybersecurity Risk Management Third Party Engaged [Flag]	true
Cybersecurity Risk Third Party Oversight and Identification Processes [Flag]	true
Cybersecurity Risk Materially Affected or Reasonably Likely to Materially Affect Registrant [Flag]	false
Cybersecurity Risk Board of Directors Oversight [Text Block]	Our Audit Committee takes the lead on behalf of our Board of Directors in monitoring risk management, which includes overseeing the Company’s management of its cybersecurity and data privacy. The Audit Committee meets on a quarterly basis with our General Counsel, Chief Technology Officer and Chief Financial Officer, who provide quarterly reports concerning the Company’s information security and cybersecurity risks.
Cybersecurity Risk Board Committee or Subcommittee Responsible for Oversight [Text Block]	The Company has established a cybersecurity committee consisting of members of senior management, including the Company’s Chief Information Security Officer (“CISO”). The Company’s CISO is primarily responsible for the implementation of defense capabilities and risk mitigation strategies. The Company’s CISO has over 25 years of information technology and cybersecurity experience. He holds the title of Senior Vice President of Technology Services and Chief Information Security Officer, has been in his role since 2021 and is supported by his direct reports and their teams. The cybersecurity committee also includes senior members from the Company’s legal, human resources, technology, communications and risk management departments. This committee meets on a periodic basis to review various cybersecurity and data privacy matters and is responsible for maintaining processes to assess, identify and manage material risks from cybersecurity threats.
Cybersecurity Risk Process for Informing Board Committee or Subcommittee Responsible for Oversight [Text Block]	Our Audit Committee takes the lead on behalf of our Board of Directors in monitoring risk management, which includes overseeing the Company’s management of its cybersecurity and data privacy. The Audit Committee meets on a quarterly basis with our General Counsel, Chief Technology Officer and Chief Financial Officer, who provide quarterly reports concerning the Company’s information security and cybersecurity risks.
Cybersecurity Risk Role of Management [Text Block]	The Company has established a cybersecurity committee consisting of members of senior management, including the Company’s Chief Information Security Officer (“CISO”). The Company’s CISO is primarily responsible for the implementation of defense capabilities and risk mitigation strategies. The Company’s CISO has over 25 years of information technology and cybersecurity experience. He holds the title of Senior Vice President of Technology Services and Chief Information Security Officer, has been in his role since 2021 and is supported by his direct reports and their teams. The cybersecurity committee also includes senior members from the Company’s legal, human resources, technology, communications and risk management departments. This committee meets on a periodic basis to review various cybersecurity and data privacy matters and is responsible for maintaining processes to assess, identify and manage material risks from cybersecurity threats. The cybersecurity committee provides quarterly updates to the Company’s General Counsel, Chief Financial Officer and Executive Vice President of Global Media Operations and Technology. In addition, the cybersecurity committee has established regional triage teams that are responsible for responding to any cybersecurity incident and deciding if other members of the cybersecurity committee, Company employees or Company vendors should be involved in the Company’s response.
Cybersecurity Risk Management Positions or Committees Responsible [Flag]	true
Cybersecurity Risk Management Positions or Committees Responsible [Text Block]	The Company has established a cybersecurity committee consisting of members of senior management, including the Company’s Chief Information Security Officer (“CISO”). The Company’s CISO is primarily responsible for the implementation of defense capabilities and risk mitigation strategies.
Cybersecurity Risk Management Expertise of Management Responsible [Text Block]	The Company’s CISO has over 25 years of information technology and cybersecurity experience. He holds the title of Senior Vice President of Technology Services and Chief Information Security Officer, has been in his role since 2021 and is supported by his direct reports and their teams.
Cybersecurity Risk Process for Informing Management or Committees Responsible [Text Block]	The cybersecurity committee provides quarterly updates to the Company’s General Counsel, Chief Financial Officer and Executive Vice President of Global Media Operations and Technology.
Cybersecurity Risk Management Positions or Committees Responsible Report to Board [Flag]	true

Restructuring and Other Related Charges

12 Months Ended

Dec. 31, 2025

Restructuring and Related Activities [Abstract]

Restructuring and Other Related Charges

Restructuring and other related charges were $26.5 million for the year ended December 31, 2025, with $17.5 million related to the Company's restructuring plan in its International segment ("AMCNI Plan") designed to achieve cost reductions and streamline operations including channel re-branding and a reduction of workforce in Southern Europe, the wind-down of a

U.K. joint venture and a voluntary buyout program for employees in Argentina. The Company will incur additional restructuring charges in connection with the AMCNI Plan, which is expected to be substantially completed in the first half of 2026.

In October 2025, the Company announced a voluntary buyout program for U.S. employees, which is expected to result in modifications to the organizational structure of the Company and reduced employee costs. In connection with this program, the Company recognized $11.9 million of severance charges during the fourth quarter of 2025 and expects to recognize approximately $5 million of additional severance charges in 2026 for individuals providing ongoing service subsequent to December 31, 2025.

The above charges were partially offset by a credit to restructuring expense in connection with the portion of office space that the Company previously vacated in 2023, as further discussed in Note 12 - Leases.

Restructuring and other related charges were $49.5 million for the year ended December 31, 2024, consisting of $44.2 million of content impairments and $5.3 million of severance and employee-related costs. Following the purchase of the remaining interest in BBCA in November 2024, the Company completed a strategic programming assessment and recorded a restructuring charge of $43.2 million pertaining to certain scripted original programming that no longer aligned with the channel's go-forward strategy. The remaining content impairments were recorded in connection with We TV shifting to a reduced originals strategy.

During the year ended December 31, 2023, the Company completed a restructuring plan (the "2022 Plan") that commenced on November 28, 2022. The 2022 Plan was designed to achieve significant cost reductions in light of “cord cutting” and the related impacts being felt across the media industry as well as the broader economic outlook. The 2022 Plan encompassed initiatives that included, among other things, strategic programming assessments and organizational restructuring costs. The 2022 Plan was intended to improve the organizational design of the Company through the elimination of certain roles and centralization of certain functional areas of the Company. The programming assessments pertained to a broad mix of owned and licensed content, including legacy television series and films that will no longer be in active rotation on the Company’s linear or streaming platforms.

During the year ended December 31, 2023, the Company recorded restructuring and other related charges of $27.8 million related to the 2022 Plan, consisting primarily of charges relating to severance and other personnel costs, and its third quarter exiting of a portion of office space at its corporate headquarters in New York and office space in Silver Spring, Maryland and Woodland Hills, California. In connection with exiting a portion of its New York office space, the Company recorded impairment charges of $11.6 million, consisting of $9.1 million for operating lease right-of use assets and $2.5 million for leasehold improvements. Fair values used to determine the impairment charge were determined using an income approach, specifically a discounted cash flow ("DCF") model. The DCF model includes significant assumptions about sublease income and enterprise specific discount rates. Given the uncertainty in determining assumptions underlying the DCF approach, actual results may differ from those used in the valuations.

The following table summarizes the restructuring and other related charges recognized by operating segment:


	Years Ended December 31,
(In thousands)	2025		2024		2023
Domestic Operations	$	9,603	$	49,422	$	3,350
International	17,496		—		3,934

Total restructuring and other related charges	$	27,099	$	49,422	$	7,284

Restructuring and other related charges (credits) that were not allocated to operating segments were ($0.6) million, $0.1 million and $20.5 million, for the years ended December 31, 2025, 2024 and 2023, respectively.

The following table summarizes the accrued restructuring and other related costs:


(In thousands)	Severance and Employee-Related Costs		Content Impairments and Other Exit Costs		Total
Balance at December 31, 2023	$	8,726	$	5,008	$	13,734
Charges	5,247		44,217		49,464

Cash payments	(8,141)		(5,154)		(13,295)
Non-cash content impairment adjustments	—		(44,217)		(44,217)
Other	(948)		1,483		535
Balance at December 31, 2024	4,884		1,337		6,221
Charges	22,010		4,526		26,536

Cash payments	(12,210)		(829)		(13,039)
Non-cash adjustments	—		(4,834)		(4,834)
Other	(81)		1,642		1,561
Balance at December 31, 2025	$	14,603	$	1,842	$	16,445

Accrued restructuring and other related costs of $16.4 million and $6.2 million are included in Accrued liabilities in the consolidated balance sheets at December 31, 2025 and 2024, respectively.

Fair Value Measurement

12 Months Ended

Dec. 31, 2025

Fair Value Disclosures [Abstract]

Fair Value Measurement

The fair value hierarchy is based on inputs to valuation techniques that are used to measure fair value that are either observable or unobservable. Observable inputs reflect assumptions market participants would use in pricing an asset or liability based on market data obtained from independent sources while unobservable inputs reflect a reporting entity's pricing based upon their own market assumptions. The fair value hierarchy consists of the following three levels:

•Level I—Quoted prices for identical instruments in active markets.

•Level II—Quoted prices for similar instruments in active markets; quoted prices for identical or similar instruments in markets that are not active; and model-derived valuations whose inputs are observable or whose significant value drivers are observable.

•Level III—Instruments whose significant value drivers are unobservable.

The following table presents for each of these hierarchy levels, the Company's financial assets and liabilities that are measured at fair value on a recurring basis at December 31, 2025 and 2024:


(In thousands)	Level I		Level II		Level III		Total
At December 31, 2025:
Assets:
Cash equivalents	$	85,176	$	—	$	—	$	85,176

Foreign currency derivatives	—		9,531		—		9,531
Liabilities:

Foreign currency derivatives	—		6,401		—		6,401

At December 31, 2024:
Assets:
Cash equivalents	$	250,841	$	—	$	—	$	250,841

Foreign currency derivatives	—		4,889		—		4,889
Liabilities:

Foreign currency derivatives	—		2,330		—		2,330

The Company's cash equivalents (comprised of money market mutual funds) are classified within Level I of the fair value hierarchy because they are valued using quoted market prices.

The Company's foreign currency derivatives are classified within Level II of the fair value hierarchy as their fair values are determined based on a market approach valuation technique that uses readily observable market parameters and the consideration of counterparty risk.

Fair value measurements are also used in nonrecurring valuations performed in connection with impairment testing, including the valuation of program rights, goodwill, intangible assets and property and equipment. All of our nonrecurring valuations use significant unobservable inputs and therefore fall under Level III of the fair value hierarchy.

Credit Facility Debt and Senior Notes

The fair values of each of the Company's debt instruments are based on quoted market prices for the same or similar issues or on the current rates offered to the Company for instruments of the same remaining maturities.

The carrying values and estimated fair values of the Company's financial instruments, excluding those that are carried at fair value in the consolidated balance sheets are summarized as follows:


(In thousands)	December 31, 2025
	Carrying Amount		Estimated Fair Value
Debt instruments:
Term Loan A Facility	$	79,438	$	82,795
10.25% Senior Secured Notes due 2029	864,459		916,563
4.25% Senior Notes due 2029	274,630		242,810
4.25% Convertible Senior Notes due 2029	140,383		127,830
10.50% Senior Secured Notes due July 2032	393,383		442,000
	$	1,752,293	$	1,811,998


(In thousands)	December 31, 2024
	Carrying Amount		Estimated Fair Value
Debt instruments:
Term Loan A facility	$	359,660	$	356,934

10.25% Senior Secured Notes due 2029	861,683		927,500
4.25% Senior Notes due 2029	975,466		772,002
4.25% Convertible Senior Notes due 2029	139,410		142,313
	$	2,336,219	$	2,198,749

Fair value estimates related to the Company's debt instruments presented above are made at a specific point in time, based on relevant market information and information about the financial instrument. These estimates are subjective in nature and involve uncertainties and matters of significant judgments and therefore cannot be determined with precision. Changes in assumptions could significantly affect the estimates.

- Definition

The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information.

+ References

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-Paragraph 2
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Reference 10: http://www.xbrl.org/2003/role/disclosureRef
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Reference 11: http://www.xbrl.org/2003/role/disclosureRef
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Reference 12: http://www.xbrl.org/2003/role/disclosureRef
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Reference 13: http://www.xbrl.org/2003/role/disclosureRef
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+ Details

Revenue Recognition (Narrative) (Details) - USD ($)	1 Months Ended	12 Months Ended
Revenue Recognition (Narrative) (Details) - USD ($)	Oct. 31, 2023	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Contract assets		$ 0	$ 0
Revenue recognized		$ 47,200,000	50,500,000	$ 111,400,000
One-time retroactive adjustment			$ 20,800,000
Maximum limit of unpaid customer receivables	$ 125,000,000
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2026-01-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue recognition period		1 year
Advertising
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Payment terms		30 days
Advertising \| Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2026-01-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue recognition period		1 year
Distribution \| Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2026-01-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue recognition period		1 year

Cash Flows (Summary of Non-Cash Activities and Other Supplemental Data) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Non-Cash Investing and Financing Activities:
Operating lease additions	$ 33,056	$ 8,272	$ 7,647
Finance lease additions	2,625	2,991	0
Capital expenditures incurred but not yet paid	1,310	1,765	974
Supplemental Data:
Cash interest paid	$ 156,563	$ 129,164	$ 149,535

Goodwill and Other Intangible Assets (Schedule Of Estimated Amortization Expense) (Details) $ in Thousands	Dec. 31, 2025 USD ($)
Goodwill and Intangible Assets Disclosure [Abstract]
2026	$ 30,355
2027	25,295
2028	23,217
2029	19,897
2030	$ 19,887

Leases (Schedule of Lease Costs) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Leases [Abstract]
Operating lease costs	$ 22,808	$ 22,955	$ 26,681
Finance lease costs:
Amortization of leased assets	2,044	1,153	1,098
Interest on lease liabilities	904	1,188	1,714
Short term lease costs	170	162	111
Variable lease costs	2,316	2,492	2,315
Total lease costs	$ 28,242	$ 27,950	$ 31,919

SCHEDULE II VALUATION AND QUALIFYING ACCOUNTS (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
SEC Schedule, 12-09, Movement in Valuation Allowances and Reserves [Roll Forward]
Balance at Beginning of Period	$ 9,468	$ 9,488	$ 8,725
Provision for (Recovery of) Bad Debt	4,546	2,230	2,503
Deductions/ Write-Offs and Other Charges, Net	(2,491)	(2,250)	(1,740)
Balance at End of Period	$ 11,523	$ 9,468	$ 9,488

Long-term Debt (Tables)

12 Months Ended

Dec. 31, 2025

Debt Disclosure [Abstract]

Schedule of Long-term Debt Instruments

The Company's long-term debt consists of:


(In thousands)	December 31, 2025		December 31, 2024
Senior Secured Credit Facility: (a)
Term Loan A Facility	$	82,795	$	365,625
Senior Notes:
10.25% Senior Secured Notes due January 2029	875,000		875,000
4.25% Senior Notes due February 2029	276,706		985,010
4.25% Convertible Senior Notes due February 2029	143,750		143,750
10.50% Senior Secured Notes due July 2032	400,000		—
Total long-term debt	1,778,251		2,369,385
Unamortized discount	(18,883)		(25,014)
Unamortized deferred financing costs	(7,075)		(8,152)
Long-term debt, net	1,752,293		2,336,219
Current portion of long-term debt	11,068		7,500
Noncurrent portion of long-term debt	$	1,741,225	$	2,328,719

(a) Represents the aggregate principal amount of the debt, with maturities of the Term Loan A Facility of $82.8 million due April 2028. The Company also had commitments under its undrawn $175.0 million Revolving Credit Facility. Total undrawn revolver commitments are available to be drawn for general corporate purposes of the Company.

Schedule of Redemption Percentages

On or after July 15, 2028, AMC Networks may redeem the 2032 Secured Notes, at its option, in whole or in part, at any time and from time to time, at the redemption prices (expressed as percentages of principal amount) set forth below, plus accrued and unpaid interest thereon, to the applicable redemption date, if redeemed during the twelve month period beginning on July 15 of the years indicated below:


Year						Percentage
2028						105.250%
2029						102.625%
2030 and thereafter						100.000%

On or after January 15, 2026, AMC Networks may redeem the Secured Notes, at its option, in whole or in part, at any time and from time to time, at the redemption prices (expressed as percentages of principal amount) set forth below, plus accrued and unpaid interest thereon, to the applicable redemption date, if redeemed during the twelve month period beginning on January 15 of the years indicated below:


Year						Percentage
2026						105.125%
2027						102.563%
2028 and thereafter						100.000%

Schedule of Maturities of Long-term Debt

Total amounts payable by the Company under its various debt obligations outstanding as of December 31, 2025 are as follows:


(In thousands)
Years Ending December 31,
2026	$	11,068
2027	11,068
2028	60,659
2029	1,295,456
2030	—
Thereafter	400,000
	$	1,778,251

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

+ References

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+ Details

Segment Information

12 Months Ended

Dec. 31, 2025

Segment Reporting [Abstract]

Segment Information

Operating segments are defined as components of an entity for which discrete financial information is available that is regularly reviewed by the Chief Operating Decision Maker (“CODM”) in deciding how to allocate resources to an individual segment and in assessing performance. Our Chief Executive Officer (“CEO”) is the CODM.

The Company classifies its operations into two operating segments: Domestic Operations and International. These operating segments represent strategic business units that are managed separately.

In January 2024, the Company updated the name of its previously titled "International and Other" operating segment to "International" due to the divestiture of the 25/7 Media production services business on December 29, 2023, which was the sole component of the operating segment that comprised “Other.” This update did not constitute a change in segment reporting, but rather an update in name only. Prior period segment information contained in this report for the "International" operating segment includes the results of the 25/7 Media production services business through the date of divestiture.

The Company evaluates segment performance based on operating segment adjusted operating income ("AOI"). The Company defines AOI as operating income (loss) before depreciation and amortization, cloud computing amortization, share-based compensation expenses or benefit, impairment and other charges (including gains or losses on sales or dispositions of businesses), restructuring and other related charges and including the Company’s proportionate share of adjusted operating

income (loss) from majority-owned equity method investees. The Company has presented the components that reconcile adjusted operating income to income from operations before income taxes, and other information as to the continuing operations of the Company's operating segments below.

Adjusted operating income reflects the Company’s ability to control costs and generate income through its operations to invest in its current business as well as new opportunities. The CODM uses adjusted operating income to monitor budget versus actual results and to benchmark to peer companies, as adjusted operating income and similar measures with similar titles are common performance measures used by investors, analysts, and peers to compare performance in the industry. The monitoring and evaluation of budgeted versus actual results facilitates the CODM’s assessment of segment performance and informs decisions on the allocation of resources, including decisions regarding executive compensation.


(In thousands)	Year Ended December 31, 2025
	Domestic Operations		International		Total
Revenues, net from external customers
Subscription	$	1,264,823	$	188,417	$	1,453,240
Advertising	476,745		104,050		580,795
Content licensing and other	269,554		8,212		277,766

	2,011,122		300,679		2,311,801
Inter-segment revenues (Content licensing and other) (a)	2,848		3,286		6,134
	2,013,970		303,965		2,317,935
Reconciliation of revenue
Elimination of inter-segment revenues (a)					(6,134)
Total consolidated revenues, net					$	2,311,801

Less: (b)
Content expenses	843,643		77,248
Marketing, research, and advertising sales expenses	310,921		21,549
Other (c)	369,243		161,988
Segment adjusted operating income	$	490,163	$	43,180	$	533,343

Reconciliation of total segment adjusted operating income:
Elimination of inter-segment profits					(853)
Unallocated corporate overhead costs (d)					(120,616)
Share-based compensation expenses					(25,330)
Depreciation and amortization					(94,425)
Impairment and other charges					(97,784)
Restructuring and other related charges					(26,536)
Cloud computing amortization					(10,733)
Majority-owned equity investees AOI					(23,744)
Operating income					133,322
Other income (expense):
Interest expense					(172,353)
Interest income					27,746
Gain on extinguishment of debt, net					129,800
Miscellaneous, net					29,483
Income from operations before income taxes					$	147,998

(a) Inter-segment revenues primarily relate to Domestic Operations content licensing sales to International, as well as services performed by AMCNI on behalf of businesses within the Domestic Operations segment.

(b) The significant expense categories and amounts align with the segment-level information that is regularly provided to the CODM.

(c) Other for each reportable segment primarily includes employee-related costs, information technology costs, professional services expenses, occupancy expenses, certain overhead expenses and the Company’s proportionate share of adjusted operating income (loss) from majority-owned equity method investees.

(d) Unallocated corporate overhead costs include costs such as executive salaries and benefits and costs of maintaining corporate headquarters, facilities and common support functions.


(In thousands)	Year Ended December 31, 2024
	Domestic Operations		International		Total
Revenues, net from external customers
Subscription	$	1,275,127	$	196,924	$	1,472,051
Advertising	561,301		115,333		676,634
Content licensing and other	264,772		7,857		272,629

	2,101,200		320,114		2,421,314
Inter-segment revenues (Content licensing and other) (a)	11,789		4,914		16,703
	2,112,989		325,028		2,438,017
Reconciliation of revenue
Elimination of inter-segment revenues (a)					(16,703)
Total consolidated revenues, net					$	2,421,314

Less: (b)
Content expenses	851,702		79,989
Marketing, research, and advertising sales expenses	298,267		23,842
Other (c)	343,441		156,292
Segment adjusted operating income	$	619,579	$	64,905	$	684,484

Reconciliation of total segment adjusted operating income:
Elimination of inter-segment profits					(2,228)
Unallocated corporate overhead costs (d)					(119,683)
Share-based compensation expenses					(26,051)
Depreciation and amortization					(98,015)
Impairment and other charges					(399,513)
Restructuring and other related charges					(49,464)
Cloud computing amortization					(13,452)
Majority-owned equity investees AOI					(15,678)
Operating loss					(39,600)
Other income (expense):
Interest expense					(166,186)
Interest income					36,803
Loss on extinguishment of debt, net					(105)
Miscellaneous, net					(5,409)
Loss from operations before income taxes					$	(174,497)

(b) The significant expense categories and amounts align with the segment-level information that is regularly provided to the CODM.

(d) Unallocated corporate overhead costs include costs such as executive salaries and benefits and costs of maintaining corporate headquarters, facilities and common support functions.


(In thousands)	Year Ended December 31, 2023
	Domestic Operations		International		Total
Revenues, net from external customers
Subscription	$	1,340,207	$	220,854	$	1,561,061
Advertising	633,823		81,823		715,646
Content licensing and other	333,771		101,399		435,170

	2,307,801		404,076		2,711,877
Inter-segment revenues (Content licensing and other) (a)	8,786		400		9,186
	2,316,587		404,476		2,721,063
Reconciliation of revenue
Elimination of inter-segment revenues (a)					(9,186)
Total consolidated revenues, net					$	2,711,877

Less: (b)
Content expenses	924,490		83,117
Marketing, research, and advertising sales expenses	266,839		22,783
Production services costs for 25/7 Media	—		72,080
Other (c)	412,514		165,948
Segment adjusted operating income	$	712,744	$	60,548	$	773,292

Reconciliation of total segment adjusted operating income:
Elimination of inter-segment profits					2,217
Unallocated corporate overhead costs (d)					(105,405)
Share-based compensation expenses					(25,665)
Depreciation and amortization					(107,402)
Impairment and other charges					(96,689)
Restructuring and other related charges					(27,787)
Cloud computing amortization					(10,543)
Majority-owned equity investees AOI					(13,606)
Operating income					388,412
Other income (expense):
Interest expense					(152,703)
Interest income					37,018

Miscellaneous, net					23,279
Income from operations before income taxes					$	296,006

(b) The significant expense categories and amounts align with the segment-level information that is regularly provided to the CODM.

(d) Unallocated corporate overhead costs include costs such as executive salaries and benefits and costs of maintaining corporate headquarters, facilities and common support functions.

Subscription revenues in the Domestic Operations segment include revenues related to the Company's streaming services of approximately $677.0 million, $603.0 million and $565.6 million for the years ended December 31, 2025, 2024 and 2023, respectively.

The Company does not disclose total assets for each operating segment because these amounts are not regularly reviewed by the CODM nor are they used in assessing segment performance or deciding how to allocate resources to the segments.

One customer within the Domestic Operations segment accounted for approximately 18%, 16% and 13% of consolidated revenues, net for the years ended December 31, 2025, 2024 and 2023, respectively.

The table below summarizes revenue based on customer location:


	Years Ended December 31,
(In thousands)	2025		2024		2023
Revenue
United States	$	1,839,707	$	1,917,532	$	2,210,253
Europe	322,342		353,215		329,093
Other	149,752		150,567		172,531
	$	2,311,801	$	2,421,314	$	2,711,877

The table below summarizes property and equipment based on asset location:


	Years Ended December 31,
(In thousands)	2025		2024
Property and equipment, net
United States	$	97,357	$	127,881
Europe	15,282		13,634
Other	3,339		1,521
	$	115,978	$	143,036

- Definition

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

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+ Details

Equity and Long-Term Incentive Plans

12 Months Ended

Dec. 31, 2025

Share-Based Payment Arrangement [Abstract]

Equity and Long-Term Incentive Plans

On June 8, 2016, the Company's stockholders approved the AMC Networks Inc. 2016 Employee Stock Plan (the "2016 Employee Stock Plan") and on June 5, 2012, the Company's stockholders approved the AMC Networks Inc. 2011 Stock Plan for Non-Employee Directors (the "2011 Non-Employee Director Plan").

Equity Plans

On June 5, 2025, the Company adopted the Amended and Restated 2016 Employee Stock Plan (the "2016 Employee Stock Plan"). The 2016 Employee Stock Plan provides for the grants of incentive stock options, non-qualified stock options, stock appreciation rights, restricted shares, restricted stock units and other equity-based awards (collectively, "awards"). Under the 2016 Employee Stock Plan, the Company may grant awards for up to 17,000,000 shares of AMC Networks Class A Common Stock (subject to certain adjustments). Equity-based awards granted under the 2016 Employee Stock Plan must be granted with an exercise price of not less than the fair market value of a share of AMC Networks Class A Common Stock on the date of grant and must expire no later than 10 years from the date of grant. The terms and conditions of awards granted under the 2016 Employee Stock Plan, including vesting and exercisability, are determined by the Compensation Committee of the Board of Directors ("Compensation Committee") and may include terms or conditions based upon performance criteria.

Awards issued to employees under the 2016 Employee Stock Plan will settle in shares of the Company's Class A Common Stock (either from treasury or with newly issued shares), or, at the option of the Compensation Committee, in cash. As of December 31, 2025, there are 7,776,690 share awards available for future grant under the 2016 Employee Stock Plan.

On June 12, 2024, the Company adopted the Amended and Restated 2011 Stock Plan for Non-Employee Directors (the "2011 Non-Employee Director Plan"). Under the 2011 Non-Employee Director Plan, the Company is authorized to grant non-qualified stock options, restricted stock units, restricted shares, stock appreciation rights and other equity-based awards. The Company may grant awards for up to 1,115,000 shares of AMC Networks Class A Common Stock (subject to certain adjustments). Stock options under the 2011 Non-Employee Director Plan must be granted with an exercise price of not less than the fair market value of a share of AMC Networks Class A Common Stock on the date of grant and must expire no later than 10 years from the date of grant. The terms and conditions of awards granted under the 2011 Non-Employee Director Plan, including vesting and exercisability, are determined by the Compensation Committee. Unless otherwise provided in an applicable award agreement, stock options granted under this plan will be fully vested and exercisable, and restricted stock units granted under this plan will be fully vested, upon the date of grant and will settle in shares of the Company's Class A Common Stock (either from treasury or with newly issued shares), or, at the option of the Compensation Committee, in cash, on the first business day after ninety days from the date the director's service on the Board of Directors ceases or, if earlier, upon the director's death. As of December 31, 2025, there are 113,155 shares available for future grant under the 2011 Non-Employee Director Plan.

Restricted Stock Unit Activity

The following table summarizes activity relating to Company employees who held AMC Networks restricted stock units ("RSUs") for the year ended December 31, 2025:


	Number of Restricted Stock Units	Weighted Average Fair Value Per Stock Unit at Date of Grant




Unvested award balance, December 31, 2024	3,211,248	$	15.50
Granted	3,262,379	$	7.03
Released/Vested	(1,391,818)	$	17.76
Canceled/Forfeited	(547,094)	$	10.10
Unvested award balance, December 31, 2025	4,534,715	$	9.57

On the vesting date, 590,176 RSUs were surrendered to AMC Networks to cover the required statutory tax withholding obligations for the year ended December 31, 2025. Units are surrendered to satisfy the employees' statutory minimum tax withholding obligations for the applicable income and other employment tax. The units surrendered during the year ended December 31, 2025 had an aggregate value of $4.0 million, which has been reflected as a financing activity in the consolidated statement of cash flows.

All RSUs granted during the periods presented vest ratably over a three year period, with the exception of awards for certain executives which may vest over a shorter period (generally one or two years).

The following table summarizes activity relating to Non-employee Directors who held AMC Networks RSUs for the year ended December 31, 2025:


	Number of Restricted Stock Units	Weighted Average Fair Value Per Stock Unit at Date of Grant



Vested award balance, December 31, 2024	487,957	$	31.30
Granted	275,522	$	6.60
Released/Vested	(154,493)	$	28.16
Vested award balance, December 31, 2025	608,986	$	20.92

The weighted average grant date fair value of all RSUs granted was $6.99, $12.56 and $17.56 in 2025, 2024 and 2023, respectively. The total market value of RSUs that vested during 2025, 2024 and 2023 was $11.6 million, $11.7 million and $17.2 million, respectively.

Share-based Compensation Expenses

The Company recorded share-based compensation expenses of $25.3 million, $26.1 million and $25.9 million (including $0.2 million recorded as part of Restructuring and other related charges), reduced for forfeitures, for the years ended December 31, 2025, 2024 and 2023, respectively.

Share-based compensation expenses are recognized in the consolidated statements of income (loss) as part of selling, general and administrative expenses. As of December 31, 2025, there was $21.3 million of total unrecognized share-based compensation costs related to Company employees who held unvested AMC Networks restricted stock units. The unrecognized compensation cost is expected to be recognized over a weighted-average remaining period of approximately 1.9 years. There were no costs related to share-based compensation that were capitalized.

The Company receives income tax deductions related to restricted stock units, stock options or other equity awards granted to its employees by the Company. Cash flows resulting from excess tax benefits and deficiencies are classified along with other income tax cash flows as an operating activity. Excess tax benefits are realized tax benefits from tax deductions for options exercised and restricted shares issued, in excess of the deferred tax asset attributable to stock compensation costs for such awards. Excess tax deficiencies are realized deficiencies from tax deductions being less than the deferred tax asset. Excess tax deficiencies of $2.9 million, $2.0 million and $2.6 million were recorded for the years ended December 31, 2025, 2024 and 2023, respectively.

Long-Term Incentive Plans

The Company's long-term incentive program includes cash performance awards for executives and other members of management. The terms and conditions of such awards are determined by the Compensation Committee of the Company's Board of Directors, and include the achievement of certain performance criteria over a three-year performance period. During 2025, 2024 and 2023, the Company granted long-term incentive cash performance awards with three-year cliff vesting. Compensation expense is recognized in the consolidated statements of income (loss) as part of selling, general and administrative expenses ratably over the vesting period. The Company recorded compensation expense of $10.9 million, $10.7 million and $11.5 million for the years ended December 31, 2025, 2024 and 2023, respectively.

Income Taxes (Schedule of Components of Income Tax Expense (Benefit) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Current expense (benefit):
U.S. federal	$ 27,671	$ 43,284	$ 9,260
U.S. state and local	20,698	41,990	12,624
Foreign	11,887	20,441	23,517
Current expense (benefit)	60,256	105,715	45,401
Deferred expense (benefit):
U.S. federal	(11,329)	(53,109)	46,831
U.S. state and local	(1,397)	(6,631)	1,034
Foreign	(4,552)	(3,323)	1,871
Deferred expense (benefit)	(17,278)	(63,063)	49,736
Total income tax expense (benefit):
U.S. federal	16,342	(9,825)	56,091
U.S. state and local	19,301	35,359	13,658
Foreign	7,335	17,118	25,388
Income tax expense (benefit)	42,978	42,652	95,137
Tax expense (benefit) relating to uncertain tax positions, including accrued interest	3,248	838	(531)
Income tax expense (benefit)	$ 46,226	$ 43,490	$ 94,606

Segment Information (Schedule of Continuing Operations by Reportable Segment) (Details) - USD ($) $ in Thousands	1 Months Ended	12 Months Ended
	Nov. 30, 2024	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Segment Reporting Information [Line Items]
Total consolidated revenues, net		$ 2,311,801	$ 2,421,314	$ 2,711,877
Segment adjusted operating income		533,343	684,484	773,292
Unallocated corporate overhead costs		(120,616)	(119,683)	(105,405)
Share-based compensation expenses		(25,330)	(26,051)	(25,665)
Depreciation and amortization		(94,425)	(98,015)	(107,402)
Impairment and other charges		(97,784)	(399,513)	(96,689)
Restructuring and other related charges	$ (43,200)	(26,536)	(49,464)	(27,787)
Cloud computing amortization		(10,733)	(13,452)	(10,543)
Majority-owned equity investees AOI		(23,744)	(15,678)	(13,606)
Operating income (loss)		133,322	(39,600)	388,412
Interest expense		(172,353)	(166,186)	(152,703)
Interest income		27,746	36,803	37,018
Gain (loss) on extinguishment of debt, net		129,800	(105)	0
Miscellaneous, net		29,483	(5,409)	23,279
Income (loss) from operations before income taxes		$ 147,998	(174,497)	296,006
Number Of Reportable Segments Not Disclosed Flag		reportable segment
Domestic Operations
Segment Reporting Information [Line Items]
Total consolidated revenues, net		$ 2,011,122	2,101,200	2,307,801
International
Segment Reporting Information [Line Items]
Total consolidated revenues, net		300,679	320,114	404,076
Restructuring and other related charges		(17,500)
Operating Segments
Segment Reporting Information [Line Items]
Total consolidated revenues, net		2,317,935	2,438,017	2,721,063
Restructuring and other related charges		(27,099)	(49,422)	(7,284)
Operating Segments \| Domestic Operations
Segment Reporting Information [Line Items]
Total consolidated revenues, net		2,013,970	2,112,989	2,316,587
Content expenses		843,643	851,702	924,490
Marketing, research, and advertising sales expenses		310,921	298,267	266,839
Production services costs for 25/7 Media				0
Other		369,243	343,441	412,514
Segment adjusted operating income		490,163	619,579	712,744
Restructuring and other related charges		(9,603)	(49,422)	(3,350)
Operating Segments \| International
Segment Reporting Information [Line Items]
Total consolidated revenues, net		303,965	325,028	404,476
Content expenses		77,248	79,989	83,117
Marketing, research, and advertising sales expenses		21,549	23,842	22,783
Production services costs for 25/7 Media				72,080
Other		161,988	156,292	165,948
Segment adjusted operating income		43,180	64,905	60,548
Restructuring and other related charges		(17,496)	0	(3,934)
Inter-segment revenues (Content licensing and other)
Segment Reporting Information [Line Items]
Total consolidated revenues, net		(6,134)	(16,703)	(9,186)
Elimination of inter-segment profits		(853)	(2,228)	2,217
Restructuring and other related charges		600	(100)	(20,500)
Inter-segment revenues (Content licensing and other) \| Domestic Operations
Segment Reporting Information [Line Items]
Total consolidated revenues, net		(2,848)	(11,789)	(8,786)
Inter-segment revenues (Content licensing and other) \| International
Segment Reporting Information [Line Items]
Total consolidated revenues, net		(3,286)	(4,914)	(400)
Subscription
Segment Reporting Information [Line Items]
Total consolidated revenues, net		1,453,240	1,472,051	1,561,061
Subscription \| Domestic Operations
Segment Reporting Information [Line Items]
Total consolidated revenues, net		1,264,823	1,275,127	1,340,207
Subscription \| International
Segment Reporting Information [Line Items]
Total consolidated revenues, net		188,417	196,924	220,854
Advertising
Segment Reporting Information [Line Items]
Total consolidated revenues, net		580,795	676,634	715,646
Advertising \| Domestic Operations
Segment Reporting Information [Line Items]
Total consolidated revenues, net		476,745	561,301	633,823
Advertising \| International
Segment Reporting Information [Line Items]
Total consolidated revenues, net		104,050	115,333	81,823
Content licensing and other
Segment Reporting Information [Line Items]
Total consolidated revenues, net		277,766	272,629	435,170
Content licensing and other \| Domestic Operations
Segment Reporting Information [Line Items]
Total consolidated revenues, net		269,554	264,772	333,771
Content licensing and other \| International
Segment Reporting Information [Line Items]
Total consolidated revenues, net		$ 8,212	$ 7,857	$ 101,399

Redeemable Noncontrolling Interests (Narrative) (Details) - USD ($)			12 Months Ended
	Nov. 26, 2025	Nov. 01, 2024	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2014
Noncontrolling Interest [Line Items]
Payment for repurchase of redeemable noncontrolling interest	$ 75,000,000	$ 42,000,000	$ 75,000,000	$ 42,000,000
Redeemable noncontrolling interests	0	0	0	55,881,000	$ 185,297,000	$ 253,669,000
Transfer to Paid-in capital upon purchase of noncontrolling interest	13,800,000	90,900,000	(13,792,000)	90,889,000
Deferred tax outside basis adjustment	$ 17,800,000		17,837,000
Deferred tax liabilities, net			$ 90,383,000	$ 108,119,000
Redeemable noncontrolling interest, deferred taxes		21,500,000
Payment for program license agreement		$ 40,000,000
RLJ Entertainment
Noncontrolling Interest [Line Items]
Noncontrolling interest, ownership percentage by noncontrolling owners	17.00%
Ownership percentage	100.00%
BBC America
Noncontrolling Interest [Line Items]
Noncontrolling interest, ownership percentage by noncontrolling owners		50.10%					50.10%
Ownership percentage		100.00%					49.90%

Leases (Schedule of Lease Assets and Liabilities) (Details) - USD ($) $ in Thousands	Dec. 31, 2025	Dec. 31, 2024
Leases [Abstract]
Operating lease asset	$ 72,545	$ 58,390
Finance lease assets	12,478	11,695
Total lease assets	85,023	70,085
Operating lease liability, current	14,059	27,798
Finance lease liability, current	3,584	4,641
Total current lease liabilities	17,643	32,439
Operating lease liability, noncurrent	70,037	51,929
Finance lease liability, noncurrent	12,226	12,652
Total noncurrent lease liabilities	82,263	64,581
Total lease liabilities	$ 99,906	$ 97,020
Finance Lease, Right-of-Use Asset, Statement of Financial Position [Extensible List]	Property and equipment, net of accumulated depreciation of $409,991 and $458,396	Property and equipment, net of accumulated depreciation of $409,991 and $458,396
Operating Lease, Liability, Current, Statement of Financial Position [Extensible List]	Current portion of lease obligations	Current portion of lease obligations
Finance Lease, Liability, Current, Statement of Financial Position [Extensible List]	Current portion of lease obligations	Current portion of lease obligations
Operating Lease, Liability, Noncurrent, Statement of Financial Position [Extensible List]	Total noncurrent lease liabilities	Total noncurrent lease liabilities
Finance Lease, Liability, Noncurrent, Statement of Financial Position [Extensible List]	Total noncurrent lease liabilities	Total noncurrent lease liabilities

Income Taxes (Schedule of Effective Income Tax Reconciliation) (Details) - USD ($) $ in Thousands		12 Months Ended
	Nov. 26, 2025	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Amount
U.S. federal statutory income tax rate		$ 31,080
Foreign tax credits		(14,642)
Nondeductible compensation expense		5,133
Other		208
Effect of cross-border tax laws		(2,511)
Deferred tax outside basis adjustment	$ (17,800)	(17,837)
Share-based payment awards		2,833
Domestic state and local income taxes, net of federal effect		19,285
Changes in unrecognized tax benefits		2,523
Income tax expense (benefit)		$ 46,226	$ 43,490	$ 94,606
Percent
U.S. federal statutory income tax rate		21.00%	21.00%	21.00%
Foreign tax credits		(9.90%)	(4.00%)	0.00%
Nondeductible goodwill impairment			(9.00%)	0.00%
Nondeductible compensation expense		3.50%	(3.00%)	2.00%
Other		0.10%
Effect of cross-border tax laws		(1.70%)
Changes in valuation allowances			1.00%	3.00%
Deferred tax outside basis adjustment		(12.10%)
Share-based payment awards		1.90%	(1.00%)	1.00%
Other			1.00%	0.00%
Domestic state and local income taxes, net of federal effect		13.00%	(1.00%)	4.00%
Effect of foreign operations			(11.00%)	1.00%
Investment tax credit benefit/expense			(19.00%)	0.00%
Changes in unrecognized tax benefits		1.70%
Effective income tax rate reconciliation, percent		31.20%	(25.00%)	32.00%
Adjustment related to a write-down of a state investment tax credit receivable		$ 11,400
United States
Amount
Nondeductible goodwill impairment		6,807
Changes in valuation allowances		4,544
Other		$ (1,651)
Percent
Nondeductible goodwill impairment		4.60%
Changes in valuation allowances		3.10%
Other		(1.10%)
Canada
Amount
Withholding taxes		$ 7,726
Percent
Withholding taxes		5.20%
United Kingdom
Amount
Changes in valuation allowances		$ 11,269
Other		667
Tax incentive adjustment		(11,301)
Nontaxable income attributable to non-controlling interests		$ (2,374)
Percent
Changes in valuation allowances		7.60%
Other		0.50%
Tax incentive adjustment		(7.60%)
Nontaxable income attributable to non-controlling interests		(1.60%)
Spain
Amount
Nondeductible goodwill impairment		$ 4,112
Changes in valuation allowances		2,718
Other		(984)
Tax incentive adjustment		$ (5,944)
Percent
Nondeductible goodwill impairment		2.80%
Changes in valuation allowances		1.80%
Other		(0.70%)
Tax incentive adjustment		(4.00%)
Other jurisdictions
Amount
Other		$ 391
Withholding taxes		$ 4,174
Percent
Other		0.30%
Withholding taxes		2.80%

Description of Business and Basis of Presentation	12 Months Ended
Description of Business and Basis of Presentation	Dec. 31, 2025
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Description of Business and Basis of Presentation	Description of Business and Basis of Presentation Description of Business AMC Networks Inc. ("AMC Networks") and its subsidiaries (collectively referred to as the "Company," "we," "us," or "our") own and operate entertainment businesses and assets. The Company is comprised of two operating segments: •Domestic Operations: Consists of our five programming networks, our streaming services, our AMC Studios operation and our film distribution business. Our programming networks are AMC, We TV, BBC America ("BBCA"), IFC, and SundanceTV. Our streaming services consist of AMC+ and our targeted subscription streaming services (Acorn TV, Shudder, Sundance Now, ALLBLK, HIDIVE and All Reality). Our AMC Studios operation produces original programming for our programming services and third parties and also licenses programming worldwide. Our film distribution business includes Independent Film Company, RLJ Entertainment Films ("RLJE Films") and Shudder. The operating segment also includes AMC Networks Broadcasting & Technology, our technical services business, which primarily services the programming networks. •International: Consists of AMC Networks International ("AMCNI"), our international programming businesses consisting of a portfolio of channels distributed around the world. In January 2024, the Company updated the name of its previously titled "International and Other" operating segment to "International" due to the divestiture of the 25/7 Media production services business on December 29, 2023, which was the sole component of the operating segment that comprised “Other.” This update did not constitute a change in segment reporting, but rather an update in name only. Prior period segment information contained in this report for the "International" operating segment includes the results of the 25/7 Media production services business through the date of divestiture. Basis of Presentation Principles of Consolidation The consolidated financial statements include the accounts of AMC Networks and its subsidiaries in which a controlling financial interest is maintained or variable interest entities ("VIEs") in which the Company has determined it is the primary beneficiary. All intercompany transactions and balances have been eliminated in consolidation. Investments in business entities in which the Company lacks control but does have the ability to exercise significant influence over operating and financial policies are accounted for using the equity method of accounting. Use of Estimates The preparation of financial statements in conformity with U.S. generally accepted accounting principles ("GAAP") requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent liabilities at the date of the financial statements; and the reported amounts of revenues and expenses during the reported period. Actual results could differ from those estimates. Significant estimates and judgments inherent in the preparation of the consolidated financial statements include the useful lives and methodologies used to amortize and assess recoverability of program rights, the estimated useful lives of intangible assets and the valuation and recoverability of goodwill and intangible assets. Reclassifications Certain reclassifications were made to the prior period amounts to conform to the current period presentation.

Property and Equipment

12 Months Ended

Dec. 31, 2025

Property, Plant and Equipment [Abstract]

Property and Equipment

Property and equipment (including equipment under finance leases) consists of the following:


(In thousands)	December 31,				Estimated Useful Lives
	2025		2024
Program, service and test equipment	$	323,527	$	371,994	2 to 5 years
Satellite equipment	46,885		43,340		Term of lease
Furniture and fixtures	11,101		11,639		3 to 8 years
Transmission equipment	11,387		29,750		5 years

Leasehold improvements	133,069		144,709		Term of lease
Property and equipment	525,969		601,432
Accumulated depreciation and amortization	(409,991)		(458,396)
Property and equipment, net	$	115,978	$	143,036

Depreciation and amortization expenses on property and equipment (including equipment under finance leases) amounted to $63.5 million, $64.1 million and $66.9 million, for the years ended December 31, 2025, 2024 and 2023, respectively.

At December 31, 2025 and 2024, the gross amount of equipment and related accumulated amortization recorded under finance leases were as follows:


(In thousands)	December 31,
	2025		2024
Satellite equipment	$	46,885	$	43,340
Less accumulated amortization	(34,407)		(31,645)
	$	12,478	$	11,695

Restructuring and Other Related Charges (Tables)

12 Months Ended

Dec. 31, 2025

Restructuring and Related Activities [Abstract]

Schedule of Summary of Accrued Restructuring Costs

The following table summarizes the restructuring and other related charges recognized by operating segment:


	Years Ended December 31,
(In thousands)	2025		2024		2023
Domestic Operations	$	9,603	$	49,422	$	3,350
International	17,496		—		3,934

Total restructuring and other related charges	$	27,099	$	49,422	$	7,284

The following table summarizes the accrued restructuring and other related costs:


(In thousands)	Severance and Employee-Related Costs		Content Impairments and Other Exit Costs		Total
Balance at December 31, 2023	$	8,726	$	5,008	$	13,734
Charges	5,247		44,217		49,464

Cash payments	(8,141)		(5,154)		(13,295)
Non-cash content impairment adjustments	—		(44,217)		(44,217)
Other	(948)		1,483		535
Balance at December 31, 2024	4,884		1,337		6,221
Charges	22,010		4,526		26,536

Cash payments	(12,210)		(829)		(13,039)
Non-cash adjustments	—		(4,834)		(4,834)
Other	(81)		1,642		1,561
Balance at December 31, 2025	$	14,603	$	1,842	$	16,445

Accrued Liabilities (Details) - USD ($) $ in Thousands	Dec. 31, 2025	Dec. 31, 2024
Accrued Liabilities [Abstract]
Employee related costs	$ 77,635	$ 79,873
Participations and residuals	127,859	118,101
Interest	68,940	60,485
Restructuring and other related charges	16,445	6,221
Other accrued expenses	32,150	26,038
Total accrued liabilities	$ 323,029	$ 290,718

Program Rights and Obligations (Narrative) (Details) - USD ($)	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Entertainment, Film [Line Items]
Predominantly Monetized as a Group			$ 282,954,000
Predominantly Monetized as a Group			465,519,000
Program rights write-offs	$ 0	$ 20,700,000	17,300,000
Program write-offs, restructuring and other related charges	6,700,000	44,200,000	$ 0
Film, Monetized in Film Group, Amortization Expense, Statement of Income or Comprehensive Income [Extensible Enumeration]			Technical and operating (excluding depreciation and amortization)
Restructuring Charges
Entertainment, Film [Line Items]
Predominantly Monetized as a Group	700,000	38,300,000
Predominantly Monetized as a Group	$ 6,000,000	$ 5,900,000
Film, Monetized in Film Group, Amortization Expense, Statement of Income or Comprehensive Income [Extensible Enumeration]	Restructuring and other related charges	Restructuring and other related charges

Accrued Liabilities

12 Months Ended

Dec. 31, 2025

Accrued Liabilities [Abstract]

Accrued Liabilities

Accrued liabilities consist of the following:


(In thousands)	December 31, 2025		December 31, 2024
Employee related costs	$	77,635	$	79,873
Participations and residuals	127,859		118,101
Interest	68,940		60,485
Restructuring and other related charges	16,445		6,221
Other accrued expenses	32,150		26,038
Total accrued liabilities	$	323,029	$	290,718

Segment Information (Schedule of Revenue by Geographic Location) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Segment Reporting Information [Line Items]
Revenues, net	$ 2,311,801	$ 2,421,314	$ 2,711,877
United States
Segment Reporting Information [Line Items]
Revenues, net	1,839,707	1,917,532	2,210,253
Europe
Segment Reporting Information [Line Items]
Revenues, net	322,342	353,215	329,093
Other
Segment Reporting Information [Line Items]
Revenues, net	$ 149,752	$ 150,567	$ 172,531

- Definition

Amount, excluding tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value added and excise.

+ References

Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Topic 220
-SubTopic 40
-Name Accounting Standards Codification
-Section 55
-Paragraph 4
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147476153/220-40-55-4

Reference 2: http://www.xbrl.org/2003/role/exampleRef
-Topic 220
-SubTopic 40
-Name Accounting Standards Codification
-Section 55
-Paragraph 14
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147476153/220-40-55-14

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 41
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-41

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 42
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-42

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 7
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-7

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 270
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (i)
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+ Details

Fair Value Measurement (Tables)

12 Months Ended

Dec. 31, 2025

Fair Value Disclosures [Abstract]

Schedule of Financial Assets and Liabilities Measured at Fair Value on a Recurring Basis

The following table presents for each of these hierarchy levels, the Company's financial assets and liabilities that are measured at fair value on a recurring basis at December 31, 2025 and 2024:


(In thousands)	Level I		Level II		Level III		Total
At December 31, 2025:
Assets:
Cash equivalents	$	85,176	$	—	$	—	$	85,176

Foreign currency derivatives	—		9,531		—		9,531
Liabilities:

Foreign currency derivatives	—		6,401		—		6,401

At December 31, 2024:
Assets:
Cash equivalents	$	250,841	$	—	$	—	$	250,841

Foreign currency derivatives	—		4,889		—		4,889
Liabilities:

Foreign currency derivatives	—		2,330		—		2,330

Schedule of Carrying Values and Fair Values of the Company's Financial Instruments

The carrying values and estimated fair values of the Company's financial instruments, excluding those that are carried at fair value in the consolidated balance sheets are summarized as follows:


(In thousands)	December 31, 2025
	Carrying Amount		Estimated Fair Value
Debt instruments:
Term Loan A Facility	$	79,438	$	82,795
10.25% Senior Secured Notes due 2029	864,459		916,563
4.25% Senior Notes due 2029	274,630		242,810
4.25% Convertible Senior Notes due 2029	140,383		127,830
10.50% Senior Secured Notes due July 2032	393,383		442,000
	$	1,752,293	$	1,811,998


(In thousands)	December 31, 2024
	Carrying Amount		Estimated Fair Value
Debt instruments:
Term Loan A facility	$	359,660	$	356,934

10.25% Senior Secured Notes due 2029	861,683		927,500
4.25% Senior Notes due 2029	975,466		772,002
4.25% Convertible Senior Notes due 2029	139,410		142,313
	$	2,336,219	$	2,198,749

Audit Information	12 Months Ended
Audit Information	Dec. 31, 2025
Audit Information [Abstract]
Auditor Firm ID	185
Auditor Name	KPMG LLP
Auditor Location	New York, New York

Derivative Financial Instruments

12 Months Ended

Dec. 31, 2025

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Derivative Financial Instruments

Foreign Currency Exchange Rate Risk

We are exposed to foreign currency risk to the extent that we enter into transactions denominated in currencies other than one of our subsidiaries' respective functional currencies (non-functional currency risk), such as affiliation agreements, programming contracts, certain trade receivables and accounts payable (including intercompany amounts).

To manage foreign currency exchange rate risk, the Company may enter into foreign currency contracts from time to time with financial institutions to limit the exposure to fluctuations in foreign currency exchange rates. The Company does not enter into foreign currency contracts for speculative or trading purposes.

In certain circumstances, the Company enters into contracts that are settled in currencies other than the functional or local currencies of the contracting parties. Accordingly, these contracts consist of the underlying operational contract and an embedded foreign currency derivative element. Hedge accounting is not applied to the embedded foreign currency derivative element and changes in their fair values are included in miscellaneous, net in the consolidated statements of income (loss).

The fair values of the Company's derivative financial instruments included in the consolidated balance sheets are as follows:


(In thousands)		December 31,
	Balance Sheet Location	2025		2024



Derivatives not designated as hedging instruments:
Assets:
Foreign currency derivatives	Prepaid expenses and other current assets	$	2,736	$	944
Foreign currency derivatives	Other assets	6,795		3,945


Liabilities:
Foreign currency derivatives	Accrued liabilities	$	1,993	$	945

Foreign currency derivatives	Other liabilities	4,408		1,385

The amount of gains and losses related to the Company's derivative financial instruments not designated as hedging instruments are as follows:


(In thousands)	Location of Gain (Loss) Recognized in Earnings on Derivatives	Amount of Gain (Loss) Recognized in Earnings on Derivatives
		Years Ended December 31,
		2025		2024		2023


Foreign currency derivatives	Miscellaneous, net	$	101	$	(3,228)	$	11,711

- Definition

The entire disclosure for derivative instruments and hedging activities including, but not limited to, risk management strategies, non-hedging derivative instruments, assets, liabilities, revenue and expenses, and methodologies and assumptions used in determining the amounts.

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+ Details

Benefit Plans	12 Months Ended
Benefit Plans	Dec. 31, 2025
Retirement Benefits [Abstract]
Benefit Plans	Benefit Plans Certain employees of the Company participate in the AMC Networks 401(k) Savings Plan (the "401(k) Plan"), a qualified defined contribution plan, and the AMC Networks Excess Savings Plan (the "Excess Savings Plan"), a non-qualified deferred compensation plan. Under the 401(k) Plan, participating Company employees may contribute into their plan accounts a percentage of their eligible pay on a before-tax basis as well as a percentage of their eligible pay on an after-tax basis. The Company makes matching contributions on behalf of participating employees in accordance with the terms of the 401(k) Plan. In addition to the matching contribution, the Company may make a discretionary year-end contribution to employee 401(k) Plan and Excess Savings Plan accounts, subject to certain conditions. Total expense related to all benefit plans was $6.3 million, $6.7 million and $6.7 million for the years ended December 31, 2025, 2024 and 2023, respectively. The Company does not provide postretirement benefits for any of its employees.

- Definition

The entire disclosure for retirement benefits.

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+ Details

Derivative Financial Instruments (Schedule of Other Derivatives Not Designated as Hedging Instruments) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Foreign currency derivatives \| Miscellaneous, net
Derivative [Line Items]
Amount of Gain (Loss) Recognized in Earnings on Derivatives	$ 101	$ (3,228)	$ 11,711

Leases (Schedule of Supplemental Cash Paid) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Leases [Abstract]
Operating cash flows from operating leases	$ 33,184	$ 33,489	$ 37,121
Operating cash flows from finance leases	904	1,188	1,586
Financing cash flows from finance leases	$ 4,670	$ 4,650	$ 4,222

Long-term Debt (Senior Notes) (Narrative) (Details)							1 Months Ended	5 Months Ended	12 Months Ended
Long-term Debt (Senior Notes) (Narrative) (Details)	Oct. 29, 2025 USD ($)	Jul. 17, 2025 USD ($)	Jun. 21, 2024 USD ($) d $ / shares	Apr. 09, 2024 USD ($)	Feb. 26, 2021 USD ($)	Feb. 08, 2021 USD ($)	Jun. 30, 2024 USD ($)	Dec. 31, 2025 USD ($) $ / shares	Dec. 31, 2025 USD ($) $ / shares	Dec. 31, 2024 USD ($) $ / shares	Dec. 31, 2023 USD ($)	Feb. 28, 2021 USD ($)
Debt Instrument [Line Items]
Proceeds from convertible debt									$ 0	$ 139,437,000	$ 0
Issuance discount								$ 18,883,000	18,883,000	25,014,000
Gain (loss) on extinguishment of debt, net									129,800,000	(105,000)	$ 0
Unamortized deferred costs written off	$ 1,300,000			$ 1,300,000
Unamortized deferred financing costs								$ 7,075,000	$ 7,075,000	$ 8,152,000
Class A Common Stock
Debt Instrument [Line Items]
Common stock, par value (in dollars per share) \| $ / shares			$ 0.01					$ 0.01	$ 0.01	$ 0.01
Senior Notes
Debt Instrument [Line Items]
Redemption of principal amount		$ 600,000,000					$ 15,000,000	$ 108,300,000	$ 108,300,000
Issuance discount		111,000,000					4,900,000	28,200,000	28,200,000
Gain (loss) on extinguishment of debt, net		105,800,000					4,700,000		$ 27,200,000
Unamortized deferred costs written off		5,200,000					$ 200,000	$ 1,000,000
Unamortized deferred financing costs		$ 1,700,000
4.25% Convertible Senior Notes due 2029 \| Senior Notes
Debt Instrument [Line Items]
Interest rate			4.25%
4.25% Convertible Senior Notes due 2029 \| Convertible Debt
Debt Instrument [Line Items]
Interest rate			4.25%				4.25%	4.25%	4.25%
Loan balance			$ 143,800,000
Proceeds from convertible debt			$ 139,400,000
Debt instrument, conversion rate			0.0785083
Debt instrument, convertible, conversion price (in dollars per share) \| $ / shares			$ 12.74
Redemption price (as a percentage)			100.00%
4.25% Convertible Senior Notes due 2029 \| Convertible Debt \| Minimum
Debt Instrument [Line Items]
Redemption price (as a percentage)			25.00%
4.25% Convertible Senior Notes due 2029 \| Convertible Debt \| Debt Conversion Terms One
Debt Instrument [Line Items]
Threshold percentage of stock price trigger			130.00%
Threshold trading days \| d			20
Threshold consecutive trading days \| d			30
Redemption price (as a percentage)			100.00%
4.25% Convertible Senior Notes due 2029 \| Convertible Debt \| Debt Conversion Terms Two \| Minimum
Debt Instrument [Line Items]
Debt instrument, convertible, conversion price (in dollars per share) \| $ / shares			$ 10.19
4.25% Convertible Senior Notes due 2029 \| Convertible Debt \| Debt Conversion Terms Two \| Maximum
Debt Instrument [Line Items]
Debt instrument, convertible, conversion price (in dollars per share) \| $ / shares			$ 130.00
4.25% Convertible Senior Notes due 2029 \| Convertible Debt \| Debt Conversion Terms Three
Debt Instrument [Line Items]
Redemption price (as a percentage)			100.00%
4.25% Senior Notes due 2029 \| Senior Notes
Debt Instrument [Line Items]
Interest rate			4.25%			4.25%		4.25%	4.25%
Loan balance						$ 1,000,000,000
Proceeds from senior notes						$ 982,300,000
4.25% Senior Notes due 2029 \| Senior Notes \| Debt Instrument, Redemption, Period One
Debt Instrument [Line Items]
Redemption price (as a percentage)						102.125%
4.25% Senior Notes due 2029 \| Senior Notes \| Debt Instrument, Redemption, Period Two
Debt Instrument [Line Items]
Redemption price (as a percentage)						100.00%
4.75% Senior Notes Due 2022 \| Senior Notes
Debt Instrument [Line Items]
Interest rate					4.75%
Redemption price (as a percentage)					100.00%
Redemption of principal amount					$ 400,000,000
5.00% Senior Notes due 2024 \| Senior Notes
Debt Instrument [Line Items]
Interest rate					5.00%			5.00%	5.00%
Redemption price (as a percentage)					102.50%
Redemption of principal amount					$ 600,000,000
Term Loan A Facility \| Secured Debt
Debt Instrument [Line Items]
Loan balance												$ 675,000,000

Program Rights and Obligations (Tables)

12 Months Ended

Dec. 31, 2025

Film, Disclosures [Abstract]

Schedule of Program Rights by Predominant Monetization Strategy

Total capitalized produced and licensed content by predominant monetization strategy is as follows:


	December 31, 2025
(In thousands)	Predominantly Monetized Individually		Predominantly Monetized as a Group		Total
Owned original program rights, net:
Completed	$	44,258	$	597,009	$	641,267
In-production and in-development	—		333,568		333,568
Total owned original program rights, net	$	44,258	$	930,577	$	974,835

Licensed program rights, net:
Licensed film and acquired series	$	—	$	593,491	$	593,491
Licensed originals	—		141,243		141,243
Advances and other production costs	—		57,045		57,045
Total licensed program rights, net	—		791,779		791,779
Program rights, net	$	44,258	$	1,722,356	$	1,766,614

Current portion of program rights, net					$	3,530
Program rights, net (long-term)					1,763,084
					$	1,766,614


	December 31, 2024
(In thousands)	Predominantly Monetized Individually		Predominantly Monetized as a Group		Total
Owned original program rights, net:
Completed	$	65,129	$	647,632	$	712,761
In-production and in-development	—		222,660		222,660
Total owned original program rights, net	$	65,129	$	870,292	$	935,421

Licensed program rights, net:
Licensed film and acquired series	$	261	$	543,396	$	543,657
Licensed originals	—		147,245		147,245
Advances and other production costs	—		90,318		90,318
Total licensed program rights, net	261		780,959		781,220
Program rights, net	$	65,390	$	1,651,251	$	1,716,641

Current portion of program rights, net					$	2,689
Program rights, net (long-term)					1,713,952
					$	1,716,641

Schedule of Amortization of Owned and Licensed Program Rights

Amortization, including write-offs, of owned and licensed program rights is as follows:


	Year Ended December 31, 2025
(In thousands)	Predominantly Monetized Individually		Predominantly Monetized as a Group		Total
Included in Technical and operating:
Owned original program rights	$	20,449	$	364,211	$	384,660
Licensed program rights	227		461,913		462,140
	$	20,676	$	826,124	$	846,800

For the year ended December 31, 2025, write-offs of owned original program rights and licensed program rights, included in restructuring and other related charges, were $0.7 million and $6.0 million, respectively, all of which were predominately monetized as a group.


	Year Ended December 31, 2024
(In thousands)	Predominantly Monetized Individually		Predominantly Monetized as a Group		Total
Included in Technical and operating:
Owned original program rights	$	74,417	$	319,385	$	393,802
Licensed program rights	2,102		493,490		495,592
	$	76,519	$	812,875	$	889,394

For the year ended December 31, 2024, write-offs of owned original program rights and licensed program rights, included in restructuring and other related charges, were $38.3 million and $5.9 million, respectively, all of which were predominately monetized as a group.


	Year Ended December 31, 2023
(In thousands)	Predominantly Monetized Individually		Predominantly Monetized as a Group		Total
Included in Technical and operating:
Owned original program rights	$	154,523	$	282,954	$	437,477
Licensed program rights	3,162		465,519		468,681
	$	157,685	$	748,473	$	906,158

Schedule of Expected Amortization of Owned and Licensed Program Rights

The following table presents the expected amortization over each of the next three years of completed program rights on the consolidated balance sheets as of December 31, 2025:


(In thousands)	2026		2027		2028
Owned original program rights:
Predominantly Monetized Individually	$	21,597	$	20,885	$	1,776
Predominantly Monetized as a Group	312,315		169,671		79,637

Licensed program rights:

Predominantly Monetized as a Group	374,771		198,632		111,254

Schedule of Amounts Payable for Program Rights Obligations

Amounts payable subsequent to December 31, 2025 related to program rights obligations included in the consolidated balance sheets are as follows:


(In thousands)
Years Ending December 31,
2026	$	258,252
2027	99,891
2028	54,213
2029	25,810
2030	1,590
Thereafter	269
	$	440,025

Long-term Debt (Redeemed Percentage) (Details) - Senior Notes	Jul. 03, 2025	Apr. 09, 2024
10.500% Senior Secured Notes due 2032 \| Debt Instrument, Redemption, Period One
Debt Instrument [Line Items]
Redemption price (as a percentage)	105.25%
10.500% Senior Secured Notes due 2032 \| Debt Instrument, Redemption, Period Two
Debt Instrument [Line Items]
Redemption price (as a percentage)	102.625%
10.500% Senior Secured Notes due 2032 \| Debt Instrument, Redemption, Period Three
Debt Instrument [Line Items]
Redemption price (as a percentage)	100.00%
10.25% Senior Secured Notes due 2029 \| Debt Instrument, Redemption, Period One
Debt Instrument [Line Items]
Redemption price (as a percentage)		105.125%
10.25% Senior Secured Notes due 2029 \| Debt Instrument, Redemption, Period Two
Debt Instrument [Line Items]
Redemption price (as a percentage)		102.563%
10.25% Senior Secured Notes due 2029 \| Debt Instrument, Redemption, Period Three
Debt Instrument [Line Items]
Redemption price (as a percentage)		100.00%

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 8A
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-8A

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 942
-SubTopic 235
-Name Accounting Standards Codification
-Section S99
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477314/942-235-S99-2

Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480738/235-10-S50-1

Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 235
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-Name Accounting Standards Codification
-Section S50
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-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480738/235-10-S50-4

Reference 5: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 3
-Subparagraph (SX 210.12-04(a))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480678/235-10-S99-3

Reference 6: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
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-Paragraph 1
-Subparagraph (SX 210.4-08(f))
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Reference 7: http://www.xbrl.org/2003/role/exampleRef
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-URI https://asc.fasb.org/1943274/2147482949/835-30-55-8

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
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-Name Accounting Standards Codification
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-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1B

Reference 9: http://www.xbrl.org/2003/role/exampleRef
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-URI https://asc.fasb.org/1943274/2147481568/470-20-55-69B

Reference 10: http://www.xbrl.org/2003/role/exampleRef
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-URI https://asc.fasb.org/1943274/2147481568/470-20-55-69C

Reference 11: http://www.xbrl.org/2003/role/exampleRef
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-URI https://asc.fasb.org/1943274/2147481568/470-20-55-69E

Reference 12: http://www.xbrl.org/2003/role/exampleRef
-Topic 470
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-URI https://asc.fasb.org/1943274/2147481568/470-20-55-69F

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1B
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1B

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1B
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1B

Reference 15: http://www.xbrl.org/2003/role/exampleRef
-Topic 470
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-Name Accounting Standards Codification
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Reference 16: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
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-Name Accounting Standards Codification
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Reference 17: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
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-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1B

Reference 18: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
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-Name Accounting Standards Codification
-Section 50
-Paragraph 1B
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-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1B

Reference 19: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
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-Name Accounting Standards Codification
-Section 50
-Paragraph 1D
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1D

Reference 20: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
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-Name Accounting Standards Codification
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-Paragraph 1D
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1D

Reference 21: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
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-Name Accounting Standards Codification
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Reference 22: http://www.xbrl.org/2003/role/disclosureRef
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Reference 23: http://www.xbrl.org/2003/role/disclosureRef
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Reference 24: http://www.xbrl.org/2003/role/disclosureRef
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-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1E

Reference 25: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
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-Name Accounting Standards Codification
-Section 50
-Paragraph 1F
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-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1F

Reference 26: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
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-Name Accounting Standards Codification
-Section 50
-Paragraph 1F
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1F

Reference 27: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
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-Publisher FASB
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Reference 28: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
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-Name Accounting Standards Codification
-Section 50
-Paragraph 1F
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-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1F

Reference 29: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
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-Name Accounting Standards Codification
-Section 50
-Paragraph 1I
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-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1I

Reference 30: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 835
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-Name Accounting Standards Codification
-Section 45
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-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482925/835-30-45-2

Reference 31: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 835
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-Name Accounting Standards Codification
-Section 50
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-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482900/835-30-50-1

+ Details

Program Rights and Obligations (Expected Amortization of Owned and Licensed Program Rights) (Details) $ in Thousands	Dec. 31, 2025 USD ($)
Predominantly Monetized Individually
2026	$ 21,597
2027	20,885
2028	1,776
Predominantly Monetized as a Group
2026	312,315
2027	169,671
2028	79,637
Predominantly Monetized as a Group
2026	374,771
2027	198,632
2028	$ 111,254

Property and Equipment (Schedule of Equipment Under Finance Leases) (Details) - USD ($) $ in Thousands	Dec. 31, 2025	Dec. 31, 2024
Property, Plant and Equipment [Line Items]
Net amount of equipment and related accumulated amortization recorded under finance leases	$ 12,478	$ 11,695
Satellite equipment
Property, Plant and Equipment [Line Items]
Satellite equipment	46,885	43,340
Less accumulated amortization	(34,407)	(31,645)
Net amount of equipment and related accumulated amortization recorded under finance leases	$ 12,478	$ 11,695

Revenue Recognition (Tables)

12 Months Ended

Dec. 31, 2025

Revenue from Contract with Customer [Abstract]

Schedule of Contract with Customer, Asset and Liability

The following table provides information about receivables and contract liabilities from contracts with customers.


(In thousands)	December 31, 2025		December 31, 2024
Balances from contracts with customers:
Accounts receivable (including long-term receivables, within Other assets)	$	610,021	$	674,631


Contract liabilities, short-term (Deferred revenue)	63,651		61,838

Income Taxes

12 Months Ended

Dec. 31, 2025

Income Tax Disclosure [Abstract]

Income Taxes

Income (loss) from continuing operations before income taxes consists of the following components:


(In thousands)	Years Ended December 31,
	2025		2024		2023
Domestic	$	182,190	$	(119,422)	$	239,061
Foreign	(34,192)		(55,075)		56,945
Total	$	147,998	$	(174,497)	$	296,006

Income tax expense (benefit) attributable to continuing operations consists of the following components:


(In thousands)	Years Ended December 31,
	2025		2024		2023
Current expense (benefit):
U.S. federal	$	27,671	$	43,284	$	9,260
U.S. state and local	20,698		41,990		12,624
Foreign	11,887		20,441		23,517
Total current tax expense (benefit)	60,256		105,715		45,401
Deferred expense (benefit):
U.S. federal	(11,329)		(53,109)		46,831
U.S. state and local	(1,397)		(6,631)		1,034
Foreign	(4,552)		(3,323)		1,871
Total deferred tax expense (benefit)	(17,278)		(63,063)		49,736
Total income tax expense (benefit):
U.S. federal	16,342		(9,825)		56,091
U.S. state and local	19,301		35,359		13,658
Foreign	7,335		17,118		25,388
Total income tax expense (benefit)	42,978		42,652		95,137
Tax expense (benefit) relating to uncertain tax positions, including accrued interest	3,248		838		(531)
Income tax expense (benefit)	$	46,226	$	43,490	$	94,606

As noted in Note 2, the Company adopted the FASB issued guidance that enhances the transparency and decision usefulness of income tax information through improvements to income tax disclosures. The required disclosure updates related to the rate reconciliation are reflected below on a prospective basis.

A reconciliation of the federal statutory income tax rate to the effective income tax rate for the year ended December 31, 2025 is as follows:


(in thousands)	Amount		Percent
U.S. federal statutory income tax rate	$	31,080	21.0	%
Domestic federal




Tax credits
Foreign tax credits	(14,642)		(9.9)	%




Nontaxable or nondeductible items
Nondeductible goodwill impairment	6,807		4.6	%
Nondeductible compensation expense	5,133		3.5	%

Other	208		0.1	%
Effect of cross-border tax laws	(2,511)		(1.7)	%
Changes in valuation allowances	4,544		3.1	%
Other
Deferred tax outside basis adjustment (a)	(17,837)		(12.1)	%
Share-based payment awards	2,833		1.9	%
Other	(1,651)		(1.1)	%
Domestic state and local income taxes, net of federal effect (b)	19,285		13.0	%
Changes in unrecognized tax benefits	2,523		1.7	%
Foreign tax effects



Canada
Withholding taxes	7,726		5.2	%
United Kingdom
Tax incentive adjustment	(11,301)		(7.6)	%
Changes in valuation allowances	11,269		7.6	%
Nontaxable income attributable to noncontrolling interests	(2,374)		(1.6)	%
Other	667		0.5	%
Spain
Tax incentive adjustment	(5,944)		(4.0)	%
Nondeductible goodwill impairment	4,112		2.8	%
Changes in valuation allowances	2,718		1.8	%

Other	(984)		(0.7)	%





Other jurisdictions

Withholding taxes	4,174		2.8	%
Other	391		0.3	%

Total income tax expense/(benefit)	$	46,226	31.2	%

(a) This amount relates to a reversal of a deferred tax liability resulting from an ownership interest change of RLJ Entertainment.

(b) This amount includes an $11.4 million adjustment primarily related to a write-down of a state investment tax credit receivable. During the year ended December 31, 2025, state taxes in California, New York and Pennsylvania compromised greater than 50% of the tax effect in this category after adjusting for the $11.4 million above.

A reconciliation of the federal statutory income tax rate to the effective income tax rate for the years ended December 31, 2024 and 2023 is as follows:


(In thousands)	Years Ended December 31,
	2024		2023
U.S. federal statutory income tax rate	21	%	21	%
State and local income taxes, net of federal benefit	(1)		4
Effect of foreign operations (a)	(11)		1
Nondeductible compensation expenses	(3)		2
Excess tax deficiencies related to share-based compensation	(1)		1
Changes in the valuation allowance (b)	1		3


Investment tax credit benefit/expense (c)	(19)		—
Nondeductible goodwill impairment charges	(9)		—
Expiration of foreign tax credits	(4)		—

Other	1		—
Effective income tax rate	(25)	%	32	%

(a)In the years ended December 31, 2024 and 2023, the effect of foreign operations relates to the income tax benefit or expense as a result of certain entities operating in foreign jurisdictions (inclusive of the nondeductible goodwill impairment charges at AMCNI).

(b)In the year ended December 31, 2024, the decrease in the valuation allowance relates primarily to the expiration of foreign tax credits and utilization of foreign deferred tax assets offset by the generation of excess foreign tax credits.

(c)In the year ended December 31, 2024, the increase in the investment tax credit benefit/expense relates primarily to a write-down of a state investment tax credit receivable.

The tax effects of temporary differences that give rise to significant components of deferred tax assets or liabilities at December 31, 2025 and 2024 are as follows:


(In thousands)	December 31,
	2025		2024
Deferred Tax Asset (Liability)
NOLs and tax credit carryforwards	$	122,916	$	96,968
Compensation and benefit plans	19,695		20,128
Allowance for doubtful accounts	1,440		1,729
Fixed assets and intangible assets	21,527		23,411
Accrued interest expense	6,049		28,148
Unused capital losses	13,116		19,148
Accrued liabilities and other	22,402		23,927
Deferred tax asset	207,145		213,459
Valuation allowance	(142,368)		(127,563)
Net deferred tax asset	64,777		85,896
Prepaid liabilities	(770)		(664)
Fixed assets and intangible assets	(61,270)		(69,203)
Investments in partnerships	(86,408)		(99,864)
Other	(6,712)		(24,284)
Deferred tax liability	(155,160)		(194,015)
Total net deferred tax liability	$	(90,383)	$	(108,119)

Deferred Tax Assets - Valuation Allowance


(In thousands)	2025		2024
Balance at beginning of year	$	127,563	$	135,742
Charged (credited) to expense	11,048		(8,160)
Other (a)	3,757		(19)
Balance at end of year	$	142,368	$	127,563

(a)Includes currency translation adjustments and other miscellaneous items.

At December 31, 2025, the Company had foreign tax credit carryforwards of approximately $49.8 million, expiring on various dates from 2026 through 2035, which have been reduced by a full valuation allowance as it is more likely than not that these carryforwards will not be realized. The Company had net operating loss carryforwards of approximately $415.3 million, related primarily to federal and state net operating losses acquired as a result of the purchase of the outstanding shares of RLJ Entertainment of approximately $72.3 million, other state net operating loss carryforwards and net operating loss carryforwards of our foreign subsidiaries. The deferred tax asset related to the federal and state net operating loss carryforwards of approximately $19.5 million has expiration dates ranging from 2026 through 2045 (some are indefinite) and has been reduced by a valuation allowance of approximately $12.4 million, including $7.7 million that was previously recorded through goodwill as part of purchase accounting. Although the foreign net operating loss carryforward periods range from 5 years to unlimited, the related deferred tax assets of approximately $52.9 million for these carryforwards have been reduced by a valuation allowance of approximately $51.0 million as it is more likely than not that these carryforwards will not be realized. The deferred tax asset related to unused capital losses and other related losses has been reduced by a valuation allowance of approximately $19.1 million as it is more likely than not that these losses will not be realized. The remainder of the valuation allowance at December 31, 2025 relates primarily to deferred tax assets attributable to temporary differences of certain foreign subsidiaries for which it is more likely than not that these deferred tax assets will not be realized.

At December 31, 2025, the Company had investment tax credit carryforwards of approximately $126.9 million, expiring on various dates from 2032 through 2040, reduced by $109.7 million for expected realization.

At December 31, 2025, the liability for uncertain tax positions was $6.7 million, excluding accrued interest of $3.4 million and deferred tax assets of $2.2 million. All of such unrecognized tax benefits, if recognized, would reduce the Company's income tax expense and effective tax rate.

A reconciliation of the beginning to ending amount of the liability for uncertain tax positions (excluding related accrued interest and deferred tax benefit) is as follows:


(In thousands)
Balance at December 31, 2024	$	5,949
Increases related to current year tax positions	478
Increases related to prior year tax positions	1,678

Decreases related to prior year tax positions	(45)
Decreases due to settlements/payments	(834)
Decreases due to lapse of statute of limitations	(561)

Balance at December 31, 2025	$	6,665

Interest expense (net of the related deferred tax benefit) of $1.3 million was recognized during the year ended December 31, 2025 and is included in income tax expense in the consolidated statement of income (loss). At December 31, 2025 and 2024, the liability for uncertain tax positions and accrued interest are included in accrued liabilities and other liabilities, in the consolidated balance sheets.

During 2025, $18.0 million of cash and cash equivalents, previously held by foreign subsidiaries, was repatriated to the United States. As of December 31, 2025, the Company's cash and cash equivalents balance of $502.4 million, included $132.5 million held by foreign subsidiaries. Of this amount $7.3 million is currently expected to be repatriated to the United States with the remaining amount continuing to be reinvested in foreign operations. Tax expense related to the repatriated amount, as well as the expected remaining amount to be repatriated, has been accrued for. The Company does not expect to incur any significant, additional taxes related to the remaining balance.

The Company is currently being audited by the Internal Revenue Service, the State and City of New York and various other states or jurisdictions, with most of the periods under examination relating to tax years 2015 and forward.

In December 2021, the Organization for Economic Co-operation and Development (OECD) released the Pillar Two Model Rules, which aim to reform international corporate taxation rules, including the implementation of a global minimum tax rate. The Company began the phased implementation of the Pillar Two Model Rules in 2024 and the minimum tax requirement has not had a material impact upon the Company's full year results of operations or financial position.

As noted in Note 2, the Company adopted the FASB issued guidance that enhances the transparency and decision usefulness of income tax information through improvements to income tax disclosures. The required disclosure updates related to income taxes paid are reflected below on a prospective basis.

The following table summarizes income taxes paid, net, for the year ended December 31, 2025:



(In thousands)

U.S. Federal	$	28,000
U.S State and local	6,637
Foreign	11,753





Total income taxes paid, net	$	46,390

Individual jurisdictions representing 5% or more or the total income taxes paid, net for the year ended December 31, 2025 included U.S. Federal at $28.0 million, Canada at $7.7 million and Massachusetts at $2.5 million.

Income taxes paid, net, were $37,994 and $63,020 for the years ended December 31, 2024 and 2023, respectively.

- Definition

The entire disclosure for income tax.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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Reference 3: http://www.xbrl.org/2003/role/disclosureRef
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Reference 4: http://www.xbrl.org/2003/role/disclosureRef
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Reference 8: http://www.xbrl.org/2003/role/disclosureRef
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Reference 9: http://www.xbrl.org/2003/role/disclosureRef
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Reference 10: http://www.xbrl.org/2003/role/disclosureRef
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Reference 11: http://www.xbrl.org/2003/role/disclosureRef
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Reference 12: http://www.xbrl.org/2003/role/disclosureRef
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Reference 13: http://www.xbrl.org/2003/role/disclosureRef
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Reference 14: http://www.xbrl.org/2003/role/disclosureRef
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Reference 15: http://www.xbrl.org/2003/role/disclosureRef
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Reference 16: http://www.xbrl.org/2003/role/disclosureRef
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+ Details

Commitments and Contingencies (Tables)

12 Months Ended

Dec. 31, 2025

Commitments and Contingencies Disclosure [Abstract]

Schedule of Contractual Obligation, Fiscal Year Maturity Schedule

Commitments


(In thousands)	Payments due by period
	Total		Year 1		Years 2 - 3		Years 4 - 5		More than 5 years
Purchase obligations (1)	$	498,951	$	258,959	$	163,354	$	58,186	$	18,452

(1)Purchase obligations consist primarily of program rights obligations, transmission and marketing commitments, and long-term third-party service contracts.

Description of Business and Basis of Presentation (Policies)	12 Months Ended
	Dec. 31, 2025
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Principles of Consolidation	Principles of Consolidation The consolidated financial statements include the accounts of AMC Networks and its subsidiaries in which a controlling financial interest is maintained or variable interest entities ("VIEs") in which the Company has determined it is the primary beneficiary. All intercompany transactions and balances have been eliminated in consolidation. Investments in business entities in which the Company lacks control but does have the ability to exercise significant influence over operating and financial policies are accounted for using the equity method of accounting.
Use of Estimates	Use of Estimates The preparation of financial statements in conformity with U.S. generally accepted accounting principles ("GAAP") requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent liabilities at the date of the financial statements; and the reported amounts of revenues and expenses during the reported period. Actual results could differ from those estimates. Significant estimates and judgments inherent in the preparation of the consolidated financial statements include the useful lives and methodologies used to amortize and assess recoverability of program rights, the estimated useful lives of intangible assets and the valuation and recoverability of goodwill and intangible assets.
Reclassifications	Reclassifications Certain reclassifications were made to the prior period amounts to conform to the current period presentation.
Revenue Recognition	Revenue Recognition The Company primarily earns revenue from (i) the distribution of its programming services, through distributors and directly to consumers, (ii) advertising, and (iii) content licensing and other services. Revenue is recognized when, or as, performance obligations under the terms of a contract are satisfied, which generally occurs when, or as, control of the promised products or services is transferred to customers. Revenue is measured as the amount of consideration the Company expects to receive in exchange for transferring products or services to a customer.
Technical and Operating Expenses	Technical and Operating Expenses Technical and operating expenses primarily consist of content expenses, such as amortization of program rights for original programming, feature films and licensed series, as well as participation and residual costs. The other components of technical and operating expenses primarily include distribution and production related costs and program operating costs including cost of delivery, such as origination, transmission, uplink and encryption.
Advertising Expenses	Advertising Expenses Advertising costs are charged to expense when incurred and are included in selling, general and administrative expenses in the consolidated statements of income (loss).
Share-based Compensation	Share-Based Compensation The Company measures the cost of employee services received in exchange for an award of equity-based instruments based on the grant date fair value of the award, net of actual forfeitures. The cost is recognized in earnings over the period during which an employee is required to provide service in exchange for the award using a straight-line amortization method, except for restricted stock units granted to non-employee directors which vest 100%, and are expensed, at the date of grant. Share-based compensation expenses are included in selling, general and administrative expenses in the consolidated statements of income (loss).
Foreign Currency	Foreign Currency The reporting currency of the Company is the U.S. dollar. The functional currency of most of the Company's international subsidiaries is the local currency. Assets and liabilities, including intercompany balances for which settlement is anticipated in the foreseeable future, are translated at exchange rates in effect at the balance sheet date. Foreign currency equity balances are translated at historical rates. Revenues and expenses denominated in foreign currencies are translated at average exchange rates for the respective periods. Foreign currency translation adjustments are recorded as a component of other comprehensive income in the consolidated statements of stockholders' equity. Transactions denominated in currencies other than subsidiaries' functional currencies are recorded based on exchange rates at the time such transactions arise. Changes in exchange rates with respect to amounts recorded in the consolidated balance sheets related to these items will result in unrealized foreign currency transaction gains and losses based upon period-end exchange rates. The Company also records realized foreign currency transaction gains and losses upon settlement of the transactions.
Cash and Cash Equivalents	Cash and Cash Equivalents The Company's cash investments are placed with money market funds and financial institutions that are investment grade as rated by Standard & Poor's and Moody's Investors Service. The Company selects money market funds that predominantly invest in marketable, direct obligations issued or guaranteed by the U.S. government or its agencies, commercial paper, fully collateralized repurchase agreements, certificates of deposit, and time deposits. The Company considers the balance of its investment in funds that hold securities that mature within three months or less from the date the fund purchases these securities to be cash equivalents. The carrying amount of cash and cash equivalents either approximates fair value due to the short-term maturity of these instruments or are at fair value.
Accounts Receivable, Trade	Accounts Receivable, Trade The Company periodically assesses the adequacy of valuation allowances for uncollectible accounts receivable using a forward looking expected loss model by evaluating the collectability of outstanding receivables and general factors such as length of time individual receivables are past due, historical collection experience, and the economic and competitive environment.
Program Rights	Program Rights Rights to programming, including feature films and episodic series, acquired under license agreements are recorded as program rights and program obligations on the consolidated balance sheets at the contract value when the license period has begun, the cost of the program is known, and the program is available for airing. Owned original programming costs are recorded as program rights on the consolidated balance sheets as production costs are incurred. We amortize capitalized film and television costs based on whether the content is predominantly monetized individually or as a group. Substantially all of the Company's program rights are expected to be predominantly monetized on our networks and streaming services with other programming and are therefore considered monetized as a group. Licensed and owned original programming, including feature films and television series are amortized to technical and operating expense on a straight-line or accelerated basis based on viewership patterns on our streaming services and the projected program usage of the rights on our networks, over a period not to exceed the respective license periods. The projected program usage is based on the Company's current expectation of future exhibitions taking into account historical usage and viewership patterns of similar content. The Company periodically reviews estimates of its projected program usage and viewership patterns and revises its assumptions if necessary, which could impact the timing of amortization expense. Any adjustments to the assumptions are applied prospectively in the period of the change. For content that is predominantly monetized as a group, unamortized costs are tested for impairment whenever events or changes in circumstances indicate that the fair value of the group may be less than its unamortized costs. Groups are tested for impairment by comparing the present value of the discounted cash flows of the group to the aggregate unamortized costs of the group. If the unamortized costs exceed the present value of discounted cash flows, an impairment charge is recorded for the excess and allocated to individual titles within the group on a pro rata basis using the relative carrying value of the titles. Program rights with no future programming usefulness are substantially abandoned, resulting in the write-off of remaining unamortized cost. To a lesser extent, certain program rights are expected to be predominantly monetized individually. These program rights are amortized to technical and operating expense over their estimated useful lives, commencing upon the first usage, based on attributable revenue to date as a percentage of total projected attributable revenue ("ultimate revenue") under the individual-film-forecast-computation method. Ultimate revenues are estimated based on the levels of revenue generated from similar content in comparable markets, projected program usage, and the levels of historical and expected programming market acceptance. The Company periodically reviews its ultimate revenue estimates and revises its assumptions if necessary, which could impact the timing of amortization expense. Any adjustments are applied prospectively as of the beginning of the fiscal year of the change. For content that is predominantly monetized on an individual basis, a television program or feature film is tested for impairment when events or circumstances indicate that its fair value may be less than its unamortized cost. Individual titles are tested for impairment by comparing the present value of the discounted cash flows of the title to the unamortized costs of the title. If the unamortized costs exceed the present value of discounted cash flows, an impairment charge is recorded for the excess. Program rights with no future programming usefulness are substantially abandoned, resulting in the write-off of remaining unamortized cost. In the normal course of business, the Company may qualify for tax incentives through eligible spend on productions. These tax incentives generally provide for refundable or transferable tax credits upon meeting established levels of qualified production spending within a participating jurisdiction and may be received prior to or after completion of a production. Production tax incentives are included in prepaid and other current assets or other assets in the consolidated balance sheets, based on the timing of expected receipt, with a corresponding reduction to the cost basis of the Company’s programming assets when collection becomes probable, and reduces program rights amortization over the life of the title.
Investments	Investments The Company holds several investments in and loans to non-consolidated entities which are included in Other assets in the consolidated balance sheets. Investments in which the Company has the ability to exercise significant influence but does not control and is not the primary beneficiary are equity method investments. Significant influence typically exists if the Company has a 20% to 50% ownership interest in a venture unless persuasive evidence to the contrary exists. Under this method of accounting, the Company records its proportionate share of the net earnings or losses of equity method investees and a corresponding increase or decrease to the investment balances. Cash payments to equity method investees such as additional investments and expenses incurred on behalf of investees as well as payments from equity method investees such as dividends and distributions are recorded as adjustments to investment balances. The Company applies the cumulative earnings approach for determining the cash flow presentation of cash distributions received from equity method investees. Distributions received are included in the consolidated statements of cash flows as operating activities, unless the cumulative distributions (less distributions received in prior periods that were determined to be returns of investment) exceed the Company's portion of the cumulative equity in the net earnings of the equity method investment, in which case the excess distributions are deemed to be returns of the investment and are classified as investing activities in the consolidated statements of cash flows. The Company evaluates its equity method investments for impairment whenever events or changes in circumstances indicate that the carrying amounts of such investments may not be recoverable. Equity method investments were $94.8 million and $81.8 million at December 31, 2025 and 2024, respectively. Investments in equity securities (excluding equity method investments) with readily determinable fair values are accounted for at fair value. Gains and losses related to equity securities are recorded in earnings as a component of miscellaneous, net, in the consolidated statements of income (loss). The Company did not have any equity securities with readily determinable fair values as of December 31, 2025 or 2024. The Company classifies investments without readily determinable fair values that are not accounted for under the equity method as non-marketable equity securities. The accounting guidance requires non-marketable equity securities to be recorded at cost and adjusted to fair value at each reporting period. However, the guidance allows for a measurement alternative, which is to record the investments at cost, less impairment, if any, and subsequently adjust for observable price changes of identical or similar investments of the same issuer. The Company applies this measurement alternative to its non-marketable equity securities. When an observable event occurs, the Company estimates the fair values of its non-marketable equity securities based on Level 2 inputs that are derived from observable price changes of similar securities adjusted for insignificant differences in rights and obligations. The changes in value are recorded in miscellaneous, net in the consolidated statements of income (loss).
Long-Lived Assets	Long-Lived Assets Property and equipment are stated at cost. Equipment under finance leases is recorded at the present value of the total minimum lease payments. Depreciation is calculated on a straight-line basis over the estimated useful lives of the assets or, with respect to equipment under finance leases and leasehold improvements, amortized over the shorter of the lease term or the assets' useful lives and reported in depreciation and amortization in the consolidated statements of income (loss). Amortizable intangible assets established in connection with business combinations primarily consist of affiliate and customer relationships, advertiser relationships and trade names. Amortizable intangible assets are amortized on a straight-line basis over their respective estimated useful lives. The Company reviews its long-lived assets for impairment whenever events or circumstances indicate that the carrying amount of an asset group may not be recoverable. If the sum of the expected cash flows, undiscounted and without interest, is less than the carrying amount of the asset group, an impairment loss is recognized as the amount by which the carrying amount of the asset group exceeds its fair value.
Goodwill and Indefinite-Lived Intangible Assets	Goodwill and Indefinite-Lived Intangible Assets Goodwill and identifiable intangible assets that have indefinite useful lives are not amortized, but instead are tested annually for impairment and upon the occurrence of certain events or substantive changes in circumstances. Goodwill The annual goodwill impairment test allows for the option to first assess qualitative factors to determine whether it is more likely than not that the fair value of a reporting unit is less than its carrying amount. An entity may choose to perform the qualitative assessment on none, some or all of its reporting units or an entity may bypass the qualitative assessment for any reporting unit and proceed directly to the quantitative impairment test. If it is determined, on the basis of qualitative factors, that the fair value of a reporting unit is, more likely than not, less than its carrying value, the quantitative impairment test is required. The quantitative impairment test consists of a comparison of the estimated fair value of the reporting unit with its carrying value. If the carrying value exceeds its fair value, an impairment loss is recognized in an amount equal to that excess, but not to exceed the carrying amount of goodwill. Indefinite-Lived Intangible Assets Indefinite-lived intangible assets established in connection with business combinations consist of trademarks. The annual indefinite-lived intangible asset impairment test allows for the option to first assess qualitative factors to determine whether it is more likely than not that the fair value is less than its carrying amount. If it is determined, on the basis of qualitative factors, that the fair value is, more likely than not, less than its carrying value, the quantitative impairment test is required. The quantitative impairment test consists of a comparison of the estimated fair value of the intangible asset with its carrying value. If the carrying value exceeds its fair value, an impairment loss is recognized in an amount equal to that excess.
Deferred Carriage Fees	Deferred Carriage Fees Deferred carriage fees, included in other assets in the consolidated balance sheets, represent amounts principally paid to multichannel video programming distributors to obtain additional subscribers and/or guarantee carriage of certain programming services and are amortized as a reduction of revenue over the period of the related affiliation arrangement.
Derivative Financial Instruments	Derivative Financial Instruments The Company's derivative financial instruments are recorded as either assets or liabilities in the consolidated balance sheets based on their fair values. Embedded derivative financial instruments which are clearly and closely related to the host contracts are not accounted for on a stand-alone basis. Changes in the fair values are reported in earnings or other comprehensive income depending on the use of the derivative and whether it qualifies for hedge accounting. Derivative instruments are designated and accounted for as either a hedge of a recognized asset or liability (fair value hedge) or a hedge of a forecasted transaction (cash flow hedge). For derivatives not designated as hedges, changes in fair values are recognized in earnings and included in miscellaneous, net, for foreign currency and other derivative contracts. For derivatives designated as effective cash flow hedges, changes in fair values are recognized in other comprehensive income (loss). Changes in fair values related to fair value hedges as well as the ineffective portion of cash flow hedges are recognized in earnings. Changes in the fair value of the underlying hedged item of a fair value hedge are also recognized in earnings.
Income Taxes	Income Taxes The Company's provision for income taxes is based on current period income, changes in deferred tax assets and liabilities and estimates with regard to the liability for unrecognized tax benefits resulting from uncertain tax positions. Deferred tax assets are evaluated quarterly for expected future realization and reduced by a valuation allowance to the extent management believes it is more likely than not that a portion will not be realized. The Company provides deferred taxes for the outside basis difference for its investment in partnerships and uses the deferral method to recognize the income tax benefit from investment tax credits. Global intangible low-taxed income (“GILTI”) tax is treated as a period expense. Interest and penalties, if any, associated with uncertain tax positions are included in income tax expense.
Commitments and Contingencies	Commitments and Contingencies Liabilities for loss contingencies arising from claims, assessments, litigation, fines and penalties and other sources are recorded when it is probable that a liability has been incurred and the amount of the contingency can be reasonably estimated.
Concentration of Credit Risk	Concentration of Credit Risk Financial instruments that potentially subject the Company to a concentration of credit risk consist primarily of cash and cash equivalents and trade accounts receivable. Cash is invested in money market funds and bank time deposits. The Company monitors the financial institutions and money market funds where it invests its cash and cash equivalents with diversification among counterparties to mitigate exposure to any single financial institution. The Company's emphasis is primarily on safety of principal and liquidity and secondarily on maximizing the yield on its investments.
Redeemable Noncontrolling Interests	Redeemable Noncontrolling Interests Noncontrolling interest with redemption features, such as put options, that are not solely within the Company's control are considered redeemable noncontrolling interests. Redeemable noncontrolling interests are considered to be temporary equity and are reported in the mezzanine section between total liabilities and stockholders' equity in the Company's consolidated balance sheets at the greater of their initial carrying amount, increased or decreased for contributions, distributions and the noncontrolling interest's share of net income or loss, or an amount reflecting the accretion of changes in the redemption value to the earliest redemption date.
Net Income (Loss) per Share	Net Income (Loss) per Share Net income (loss) per basic share is based upon net income (loss) attributable to AMC Networks' stockholders divided by the weighted average number of shares of Class A Common Stock and Class B Common Stock outstanding during the period. Net income (loss) per diluted share reflects the dilutive effects, if any, of AMC Networks' outstanding equity-based awards and the assumed conversion of the 4.25% Convertible Senior Notes due 2029 (the "Convertible Notes") issued in June 2024.
Common Stock of AMC Networks	Common Stock of AMC Networks Each holder of AMC Networks Class A Common Stock has one vote per share while holders of AMC Networks Class B Common Stock have ten votes per share. AMC Networks Class B shares can be converted to AMC Networks Class A Common Stock at any time with a conversion ratio of one AMC Networks Class A common share for one AMC Networks Class B common share. The AMC Networks Class A stockholders are entitled to elect at least 25% of the Company's Board of Directors. AMC Networks Class B stockholders have the right to elect the remaining members of the Company's Board of Directors. In addition, the members of the Dolan Family Group are parties to a stockholders agreement (the "Stockholders Agreement") that has the effect of causing the voting power of certain holders of our Class B Common Stock to be cast as a block on all matters to be voted on by holders of Class B Common Stock. Under the Stockholders Agreement, the shares of Class B Common Stock owned by members of the Dolan Family Group are to be voted on all matters in accordance with the determination of the Dolan Family Committee. However, the decisions of the Dolan Family Committee are non-binding with respect to the Class B Common Stock owned by certain Dolan family trusts which collectively own 83% of the outstanding Class B Common Stock.
Recently Adopted Accounting Standards and Recently Issued Accounting Standards	Recently Adopted Accounting Standards In December 2023, the Financial Accounting Standards Board ("FASB") issued guidance that is intended to enhance the transparency and decision usefulness of income tax information through improvements to income tax disclosures primarily related to the rate reconciliation and income taxes paid information. The Company incorporated the required disclosure updates in these 2025 annual financial statements on a prospective basis. Recently Issued Accounting Standards In December 2025, the FASB issued guidance on the recognition, measurement, and presentation of government grants. Under the new guidance, government grants are recognized when it is probable that the entity will comply with the conditions of the grant and the grant will be received. The guidance provides accounting models for grants related to assets and grants related to income, including a requirement to recognize a grant related to an asset as the business entity incurs the related costs for which the grant is intended to compensate, either as deferred income or an adjustment to the cost basis of the asset. The guidance also requires disclosures regarding the nature of the government grant received, the accounting policies used to account for the grant, and significant terms and conditions of the grant. The new guidance will be effective January 1, 2029 with early adoption permitted. The Company is currently evaluating the impact of adopting the new guidance. In December 2025, the FASB issued guidance that clarifies the applicability of Topic 270 (Interim Reporting), the types of interim reporting, and the form and content of interim financial statements in accordance with GAAP. The new guidance provides a comprehensive list of required interim disclosures and includes a disclosure principle that requires entities to disclose events since the end of the last annual reporting period that have a material impact on the entity. The new guidance will be effective January 1, 2028, with early adoption permitted. The Company is currently evaluating the impact of adopting the new guidance. In September 2025, the FASB issued guidance to simplify the capitalization of costs to develop software for internal use by eliminating the consideration of software development project stages. Instead, costs will be capitalized when management has authorized and committed to funding the project and it is probable that the project will be completed and the software will be used to perform its intended function. The new guidance will be effective January 1, 2028 and can be applied prospectively, retrospectively, or with a modified prospective approach. The Company does not expect the adoption of this standard will have a material impact on its consolidated financial statements. In July 2025, the FASB issued guidance that provides a practical expedient for estimating credit losses for current accounts receivable and current contract assets arising from transactions accounted for under Accounting Standards Codification 606, Revenue from Contracts with Customers. Under the new standard, in lieu of developing forecasts of future economic conditions, entities can elect a practical expedient that assumes the current conditions as of the balance sheet date remain consistent for the remaining life of the asset. The new guidance became effective January 1, 2026 and is to be applied prospectively, with early adoption permitted. The Company does not expect that adoption of this standard will have a material impact on its consolidated financial statements. In November 2024, the FASB issued guidance that is intended to provide investors more detailed disclosures around specific types of expenses in the notes to the financial statements for interim and annual reporting periods. The Company will incorporate the required disclosure updates for the 2027 annual financial statements.

Leases (Schedule of Leases) (Details)	Dec. 31, 2025	Dec. 31, 2024
Weighted average remaining lease term (years):
Operating leases	5 years 6 months	3 years
Finance leases	5 years 2 months 12 days	5 years 10 months 24 days
Weighted average discount rate:
Operating leases	7.80%	5.10%
Finance leases	6.00%	6.20%

Income Taxes (Income Tax Paid, Net) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Income Tax Disclosure [Abstract]
U.S. Federal	$ 28,000
U.S State and local	6,637
Foreign	11,753
Total income taxes paid, net	$ 46,390	$ 37,994	$ 63,020

Equity and Long-Term Incentive Plans (Schedule of Restricted Stock Unit Activity) (Details) - Restricted stock units - $ / shares	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Weighted Average Fair Value Per Stock Unit at Date of Grant
Weighted average granted (in dollars per share)	$ 6.99	$ 12.56	$ 17.56
Weighted Average Fair Value Per Stock Unit at Date of Grant
Weighted average granted (in dollars per share)	$ 6.99	$ 12.56	$ 17.56
2011 Non-Employee Director Plan
Number of Restricted and Performance Restricted Stock Units
Granted (in shares)	275,522
Released/Vested (in shares)	(154,493)
Weighted Average Fair Value Per Stock Unit at Date of Grant
Weighted average granted (in dollars per share)	$ 6.60
Released/Vested (in dollars per share)	$ 28.16
Number of Restricted Stock Units
Vested award beginning balance (in shares)	487,957
Granted (in shares)	275,522
Released/Vested (in shares)	(154,493)
Vested award ending balance (in shares)	608,986	487,957
Weighted Average Fair Value Per Stock Unit at Date of Grant
Vested award beginning balance (in dollars per share)	$ 31.30
Weighted average granted (in dollars per share)	6.60
Released/Vested (in dollars per share)	28.16
Vested award ending balance (in dollars per share)	$ 20.92	$ 31.30
Parent Company
Number of Restricted and Performance Restricted Stock Units
Unvested award, beginning balance (in shares)	3,211,248
Granted (in shares)	3,262,379
Released/Vested (in shares)	(1,391,818)
Canceled/Forfeited (in shares)	(547,094)
Unvested award, ending balance (in shares)	4,534,715	3,211,248
Weighted Average Fair Value Per Stock Unit at Date of Grant
Unvested award beginning balance (in dollars per share)	$ 15.50
Weighted average granted (in dollars per share)	7.03
Released/Vested (in dollars per share)	17.76
Canceled/Forfeited (in dollars per share)	10.10
Unvested award ending balance (in dollars per share)	$ 9.57	$ 15.50
Number of Restricted Stock Units
Granted (in shares)	3,262,379
Released/Vested (in shares)	(1,391,818)
Weighted Average Fair Value Per Stock Unit at Date of Grant
Weighted average granted (in dollars per share)	$ 7.03
Released/Vested (in dollars per share)	$ 17.76

Goodwill and Other Intangible Assets (Schedule of Finite and Indefinite-Lived Intangible Assets) (Details) - USD ($) $ in Thousands	Dec. 31, 2025	Dec. 31, 2024
Finite-Lived Intangible Assets [Line Items]
Gross	$ 767,038	$ 745,081
Accumulated Amortization	(597,735)	(548,503)
Net	169,303	196,578
Trademarks, gross	19,900	19,900
Impairment of indefinite lived intangible assets	4,400	0
Trademarks, net	15,500	19,900
Total intangible assets, gross	786,938	764,981
Accumulated Amortization	(602,135)	(548,503)
Intangible assets, net	184,803	216,478
Affiliate and customer relationships
Finite-Lived Intangible Assets [Line Items]
Gross	628,790	610,048
Accumulated Amortization	(498,146)	(456,052)
Net	$ 130,644	153,996
Affiliate and customer relationships \| Minimum
Finite-Lived Intangible Assets [Line Items]
Estimated useful lives (in years)	6 years
Affiliate and customer relationships \| Maximum
Finite-Lived Intangible Assets [Line Items]
Estimated useful lives (in years)	25 years
Advertiser relationships
Finite-Lived Intangible Assets [Line Items]
Gross	$ 46,282	46,282
Accumulated Amortization	(46,282)	(46,282)
Net	$ 0	0
Estimated useful lives (in years)	11 years
Trade names and other amortizable intangible assets
Finite-Lived Intangible Assets [Line Items]
Gross	$ 91,966	88,751
Accumulated Amortization	(53,307)	(46,169)
Net	$ 38,659	$ 42,582
Trade names and other amortizable intangible assets \| Minimum
Finite-Lived Intangible Assets [Line Items]
Estimated useful lives (in years)	3 years
Trade names and other amortizable intangible assets \| Maximum
Finite-Lived Intangible Assets [Line Items]
Estimated useful lives (in years)	20 years

Property and Equipment (Tables)

12 Months Ended

Dec. 31, 2025

Property, Plant and Equipment [Abstract]

Schedule of Property, Plant and Equipment

Property and equipment (including equipment under finance leases) consists of the following:


(In thousands)	December 31,				Estimated Useful Lives
	2025		2024
Program, service and test equipment	$	323,527	$	371,994	2 to 5 years
Satellite equipment	46,885		43,340		Term of lease
Furniture and fixtures	11,101		11,639		3 to 8 years
Transmission equipment	11,387		29,750		5 years

Leasehold improvements	133,069		144,709		Term of lease
Property and equipment	525,969		601,432
Accumulated depreciation and amortization	(409,991)		(458,396)
Property and equipment, net	$	115,978	$	143,036

Schedule of Finance Leases

At December 31, 2025 and 2024, the gross amount of equipment and related accumulated amortization recorded under finance leases were as follows:


(In thousands)	December 31,
	2025		2024
Satellite equipment	$	46,885	$	43,340
Less accumulated amortization	(34,407)		(31,645)
	$	12,478	$	11,695

The following table summarizes the lease costs included in the consolidated statements of income (loss):


		December 31,
(In thousands)	Income Statement Location	2025		2024		2023
Operating lease costs	Selling, general and administrative expenses	$	22,808	$	22,955	$	26,681
Finance lease costs:
Amortization of leased assets	Depreciation and amortization	2,044		1,153		1,098
Interest on lease liabilities	Interest expense	904		1,188		1,714
Short term lease costs	Selling, general and administrative expenses	170		162		111
Variable lease costs	Selling, general and administrative expenses	2,316		2,492		2,315
Total lease costs		$	28,242	$	27,950	$	31,919

Benefit Plans (Details) - USD ($) $ in Millions	12 Months Ended
Benefit Plans (Details) - USD ($) $ in Millions	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Retirement Benefits [Abstract]
Total expense related to all benefit plans	$ 6.3	$ 6.7	$ 6.7

Related Party Transactions (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023	Jun. 30, 2023
Related Party Transaction [Line Items]
Aggregate voting power	79.00%
Accounts payable	$ 94,742	$ 88,570
Revenues, net	2,311,801	2,421,314	$ 2,711,877
Selling, general and administrative	818,341	781,329	764,087
Miscellaneous, net	29,483	(5,409)	23,279
Related Party
Related Party Transaction [Line Items]
Revenues, net	4,800	5,300	5,200
Selling, general and administrative	1,900	$ 1,100	$ 7,900
Miscellaneous, net	$ 700
Related Party \| 605, LLC
Related Party Transaction [Line Items]
Accounts payable				$ 10,500
Related Party \| Director \| 605, LLC
Related Party Transaction [Line Items]
Ownership percentage	100.00%
Maximum \| Class A Common Stock
Related Party Transaction [Line Items]
Percent of common stock owned by related party	4.00%

Segment Information (Tables)

12 Months Ended

Dec. 31, 2025

Segment Reporting [Abstract]

Schedule of Summary of Continuing Operations by Reportable Segment


(In thousands)	Year Ended December 31, 2025
	Domestic Operations		International		Total
Revenues, net from external customers
Subscription	$	1,264,823	$	188,417	$	1,453,240
Advertising	476,745		104,050		580,795
Content licensing and other	269,554		8,212		277,766

	2,011,122		300,679		2,311,801
Inter-segment revenues (Content licensing and other) (a)	2,848		3,286		6,134
	2,013,970		303,965		2,317,935
Reconciliation of revenue
Elimination of inter-segment revenues (a)					(6,134)
Total consolidated revenues, net					$	2,311,801

Less: (b)
Content expenses	843,643		77,248
Marketing, research, and advertising sales expenses	310,921		21,549
Other (c)	369,243		161,988
Segment adjusted operating income	$	490,163	$	43,180	$	533,343

Reconciliation of total segment adjusted operating income:
Elimination of inter-segment profits					(853)
Unallocated corporate overhead costs (d)					(120,616)
Share-based compensation expenses					(25,330)
Depreciation and amortization					(94,425)
Impairment and other charges					(97,784)
Restructuring and other related charges					(26,536)
Cloud computing amortization					(10,733)
Majority-owned equity investees AOI					(23,744)
Operating income					133,322
Other income (expense):
Interest expense					(172,353)
Interest income					27,746
Gain on extinguishment of debt, net					129,800
Miscellaneous, net					29,483
Income from operations before income taxes					$	147,998

(b) The significant expense categories and amounts align with the segment-level information that is regularly provided to the CODM.

(d) Unallocated corporate overhead costs include costs such as executive salaries and benefits and costs of maintaining corporate headquarters, facilities and common support functions.


(In thousands)	Year Ended December 31, 2024
	Domestic Operations		International		Total
Revenues, net from external customers
Subscription	$	1,275,127	$	196,924	$	1,472,051
Advertising	561,301		115,333		676,634
Content licensing and other	264,772		7,857		272,629

	2,101,200		320,114		2,421,314
Inter-segment revenues (Content licensing and other) (a)	11,789		4,914		16,703
	2,112,989		325,028		2,438,017
Reconciliation of revenue
Elimination of inter-segment revenues (a)					(16,703)
Total consolidated revenues, net					$	2,421,314

Less: (b)
Content expenses	851,702		79,989
Marketing, research, and advertising sales expenses	298,267		23,842
Other (c)	343,441		156,292
Segment adjusted operating income	$	619,579	$	64,905	$	684,484

Reconciliation of total segment adjusted operating income:
Elimination of inter-segment profits					(2,228)
Unallocated corporate overhead costs (d)					(119,683)
Share-based compensation expenses					(26,051)
Depreciation and amortization					(98,015)
Impairment and other charges					(399,513)
Restructuring and other related charges					(49,464)
Cloud computing amortization					(13,452)
Majority-owned equity investees AOI					(15,678)
Operating loss					(39,600)
Other income (expense):
Interest expense					(166,186)
Interest income					36,803
Loss on extinguishment of debt, net					(105)
Miscellaneous, net					(5,409)
Loss from operations before income taxes					$	(174,497)

(b) The significant expense categories and amounts align with the segment-level information that is regularly provided to the CODM.

(d) Unallocated corporate overhead costs include costs such as executive salaries and benefits and costs of maintaining corporate headquarters, facilities and common support functions.


(In thousands)	Year Ended December 31, 2023
	Domestic Operations		International		Total
Revenues, net from external customers
Subscription	$	1,340,207	$	220,854	$	1,561,061
Advertising	633,823		81,823		715,646
Content licensing and other	333,771		101,399		435,170

	2,307,801		404,076		2,711,877
Inter-segment revenues (Content licensing and other) (a)	8,786		400		9,186
	2,316,587		404,476		2,721,063
Reconciliation of revenue
Elimination of inter-segment revenues (a)					(9,186)
Total consolidated revenues, net					$	2,711,877

Less: (b)
Content expenses	924,490		83,117
Marketing, research, and advertising sales expenses	266,839		22,783
Production services costs for 25/7 Media	—		72,080
Other (c)	412,514		165,948
Segment adjusted operating income	$	712,744	$	60,548	$	773,292

Reconciliation of total segment adjusted operating income:
Elimination of inter-segment profits					2,217
Unallocated corporate overhead costs (d)					(105,405)
Share-based compensation expenses					(25,665)
Depreciation and amortization					(107,402)
Impairment and other charges					(96,689)
Restructuring and other related charges					(27,787)
Cloud computing amortization					(10,543)
Majority-owned equity investees AOI					(13,606)
Operating income					388,412
Other income (expense):
Interest expense					(152,703)
Interest income					37,018

Miscellaneous, net					23,279
Income from operations before income taxes					$	296,006

(b) The significant expense categories and amounts align with the segment-level information that is regularly provided to the CODM.

(d) Unallocated corporate overhead costs include costs such as executive salaries and benefits and costs of maintaining corporate headquarters, facilities and common support functions.

Schedule of Revenue by Geographic Area

The table below summarizes revenue based on customer location:


	Years Ended December 31,
(In thousands)	2025		2024		2023
Revenue
United States	$	1,839,707	$	1,917,532	$	2,210,253
Europe	322,342		353,215		329,093
Other	149,752		150,567		172,531
	$	2,311,801	$	2,421,314	$	2,711,877

Schedule of Disclosure on Geographic Areas, Long-Lived Assets

The table below summarizes property and equipment based on asset location:


	Years Ended December 31,
(In thousands)	2025		2024
Property and equipment, net
United States	$	97,357	$	127,881
Europe	15,282		13,634
Other	3,339		1,521
	$	115,978	$	143,036

Restructuring and Other Related Charges (Restructuring and Related Costs) (Details) - USD ($) $ in Thousands	1 Months Ended	12 Months Ended
	Nov. 30, 2024	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Restructuring Cost and Reserve [Line Items]
Restructuring and other related charges	$ 43,200	$ 26,536	$ 49,464	$ 27,787
Operating Segments
Restructuring Cost and Reserve [Line Items]
Restructuring and other related charges		27,099	49,422	7,284
Domestic Operations \| Operating Segments
Restructuring Cost and Reserve [Line Items]
Restructuring and other related charges		9,603	49,422	3,350
International
Restructuring Cost and Reserve [Line Items]
Restructuring and other related charges		17,500
International \| Operating Segments
Restructuring Cost and Reserve [Line Items]
Restructuring and other related charges		$ 17,496	$ 0	$ 3,934

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References + Details

Program Rights and Obligations

12 Months Ended

Dec. 31, 2025

Film, Disclosures [Abstract]

Programs Rights and Obligations

Program Rights and Obligations

Program Rights

Total capitalized produced and licensed content by predominant monetization strategy is as follows:


	December 31, 2025
(In thousands)	Predominantly Monetized Individually		Predominantly Monetized as a Group		Total
Owned original program rights, net:
Completed	$	44,258	$	597,009	$	641,267
In-production and in-development	—		333,568		333,568
Total owned original program rights, net	$	44,258	$	930,577	$	974,835

Licensed program rights, net:
Licensed film and acquired series	$	—	$	593,491	$	593,491
Licensed originals	—		141,243		141,243
Advances and other production costs	—		57,045		57,045
Total licensed program rights, net	—		791,779		791,779
Program rights, net	$	44,258	$	1,722,356	$	1,766,614

Current portion of program rights, net					$	3,530
Program rights, net (long-term)					1,763,084
					$	1,766,614


	December 31, 2024
(In thousands)	Predominantly Monetized Individually		Predominantly Monetized as a Group		Total
Owned original program rights, net:
Completed	$	65,129	$	647,632	$	712,761
In-production and in-development	—		222,660		222,660
Total owned original program rights, net	$	65,129	$	870,292	$	935,421

Licensed program rights, net:
Licensed film and acquired series	$	261	$	543,396	$	543,657
Licensed originals	—		147,245		147,245
Advances and other production costs	—		90,318		90,318
Total licensed program rights, net	261		780,959		781,220
Program rights, net	$	65,390	$	1,651,251	$	1,716,641

Current portion of program rights, net					$	2,689
Program rights, net (long-term)					1,713,952
					$	1,716,641

Amortization, including write-offs, of owned and licensed program rights is as follows:


	Year Ended December 31, 2025
(In thousands)	Predominantly Monetized Individually		Predominantly Monetized as a Group		Total
Included in Technical and operating:
Owned original program rights	$	20,449	$	364,211	$	384,660
Licensed program rights	227		461,913		462,140
	$	20,676	$	826,124	$	846,800


	Year Ended December 31, 2024
(In thousands)	Predominantly Monetized Individually		Predominantly Monetized as a Group		Total
Included in Technical and operating:
Owned original program rights	$	74,417	$	319,385	$	393,802
Licensed program rights	2,102		493,490		495,592
	$	76,519	$	812,875	$	889,394


	Year Ended December 31, 2023
(In thousands)	Predominantly Monetized Individually		Predominantly Monetized as a Group		Total
Included in Technical and operating:
Owned original program rights	$	154,523	$	282,954	$	437,477
Licensed program rights	3,162		465,519		468,681
	$	157,685	$	748,473	$	906,158

The following table presents the expected amortization over each of the next three years of completed program rights on the consolidated balance sheets as of December 31, 2025:


(In thousands)	2026		2027		2028
Owned original program rights:
Predominantly Monetized Individually	$	21,597	$	20,885	$	1,776
Predominantly Monetized as a Group	312,315		169,671		79,637

Licensed program rights:

Predominantly Monetized as a Group	374,771		198,632		111,254

There were no material write-offs included in technical and operating expense for the year ended December 31, 2025. Program rights write-offs for programming that was substantively abandoned of $20.7 million and $17.3 million were included in technical and operating expense for the years ended December 31, 2024 and 2023, respectively. For the year ended December 31, 2025, there were $6.7 million of program write-offs recorded to restructuring and other related charges, primarily related to the wind-down of a U.K. joint venture, and for the year ended December 31, 2024, there were $44.2 million of program write-offs recorded to restructuring and other related charges in connection with the Company’s strategic programming assessments following the purchase of the remaining interest in BBCA. There were no program write-offs recorded to restructuring and other related charges for the year ended December 31, 2023. See Note 4 to the consolidated financial statements for additional information.

Program Rights Obligations

Amounts payable subsequent to December 31, 2025 related to program rights obligations included in the consolidated balance sheets are as follows:


(In thousands)
Years Ending December 31,
2026	$	258,252
2027	99,891
2028	54,213
2029	25,810
2030	1,590
Thereafter	269
	$	440,025

Equity and Long-Term Incentive Plans (Tables)

12 Months Ended

Dec. 31, 2025

Share-Based Payment Arrangement [Abstract]

Schedule of Share-based Compensation, Restricted Stock Units Award Activity

The following table summarizes activity relating to Company employees who held AMC Networks restricted stock units ("RSUs") for the year ended December 31, 2025:


	Number of Restricted Stock Units	Weighted Average Fair Value Per Stock Unit at Date of Grant




Unvested award balance, December 31, 2024	3,211,248	$	15.50
Granted	3,262,379	$	7.03
Released/Vested	(1,391,818)	$	17.76
Canceled/Forfeited	(547,094)	$	10.10
Unvested award balance, December 31, 2025	4,534,715	$	9.57

The following table summarizes activity relating to Non-employee Directors who held AMC Networks RSUs for the year ended December 31, 2025:


	Number of Restricted Stock Units	Weighted Average Fair Value Per Stock Unit at Date of Grant



Vested award balance, December 31, 2024	487,957	$	31.30
Granted	275,522	$	6.60
Released/Vested	(154,493)	$	28.16
Vested award balance, December 31, 2025	608,986	$	20.92

Long-term Debt (Summary of Long-Term Debt) (Details) - USD ($)	Dec. 31, 2025	Oct. 29, 2025	Jul. 17, 2025	Dec. 31, 2024	Jun. 30, 2024	Jun. 21, 2024	Apr. 09, 2024	Feb. 28, 2021	Feb. 08, 2021
Debt Instrument [Line Items]
Total long-term debt	$ 1,778,251,000			$ 2,369,385,000
Unamortized discount	(18,883,000)			(25,014,000)
Unamortized deferred financing costs	(7,075,000)			(8,152,000)
Long-term debt, net	1,752,293,000			2,336,219,000
Current portion of long-term debt	11,068,000			7,500,000
Noncurrent portion of long-term debt	1,741,225,000			2,328,719,000
Senior Notes
Debt Instrument [Line Items]
Unamortized discount	(28,200,000)		$ (111,000,000)		$ (4,900,000)
Unamortized deferred financing costs			$ (1,700,000)
Term-A Facility Maturity On April 9, 2028 \| Secured Debt
Debt Instrument [Line Items]
Aggregate principal amount	$ 82,800,000	$ 85,600,000
10.25% Senior Secured Notes due 2029 \| Senior Notes
Debt Instrument [Line Items]
Interest rate	10.25%						10.25%
Total long-term debt	$ 875,000,000			875,000,000
Aggregate principal amount							$ 875,000,000
4.25% Senior Notes due 2029 \| Senior Notes
Debt Instrument [Line Items]
Interest rate	4.25%					4.25%			4.25%
Total long-term debt	$ 276,706,000			985,010,000
Aggregate principal amount									$ 1,000,000,000
4.25% Convertible Senior Notes due 2029 \| Senior Notes
Debt Instrument [Line Items]
Interest rate						4.25%
4.25% Convertible Senior Notes due 2029 \| Convertible Debt
Debt Instrument [Line Items]
Interest rate	4.25%				4.25%	4.25%
Total long-term debt	$ 143,750,000			143,750,000
Aggregate principal amount						$ 143,800,000
10.50% Senior Notes Due 2032 \| Senior Notes
Debt Instrument [Line Items]
Interest rate	10.50%
Total long-term debt	$ 400,000,000			0
Secured Debt \| Term Loan A Facility
Debt Instrument [Line Items]
Total long-term debt	82,795,000			$ 365,625,000			425,000,000
Aggregate principal amount								$ 675,000,000
Secured Debt \| Term-A Facility Maturity On April 9, 2028
Debt Instrument [Line Items]
Total long-term debt							$ 325,000,000
Revolving Credit Facility \| Line of Credit
Debt Instrument [Line Items]
Aggregate principal amount								$ 500,000,000
Revolving Credit Facility \| Term-A Facility Maturity On April 9, 2028 \| Line of Credit
Debt Instrument [Line Items]
Aggregate principal amount	$ 175,000,000	$ 63,200,000

Commitments and Contingencies (Contractual Obligation, Fiscal Year Maturity Schedule) (Details) $ in Thousands	Dec. 31, 2025 USD ($)
Commitments and Contingencies Disclosure [Abstract]
Total	$ 498,951
Year 1	258,959
Years 2 - 3	163,354
Years 4 - 5	58,186
More than 5 years	$ 18,452

Income Taxes (Schedule of Deferred Tax Asset (Liability) (Details) - USD ($) $ in Thousands	Dec. 31, 2025	Dec. 31, 2024
Income Tax Disclosure [Abstract]
NOLs and tax credit carryforwards	$ 122,916	$ 96,968
Compensation and benefit plans	19,695	20,128
Allowance for doubtful accounts	1,440	1,729
Fixed assets and intangible assets	21,527	23,411
Accrued interest expense	6,049	28,148
Unused capital losses	13,116	19,148
Accrued liabilities and other	22,402	23,927
Deferred tax asset	207,145	213,459
Valuation allowance	(142,368)	(127,563)
Net deferred tax asset	64,777	85,896
Prepaid liabilities	(770)	(664)
Fixed assets and intangible assets	(61,270)	(69,203)
Investments in partnerships	(86,408)	(99,864)
Other	(6,712)	(24,284)
Deferred tax liability	(155,160)	(194,015)
Total net deferred tax liability	$ (90,383)	$ (108,119)

Equity and Long-Term Incentive Plans (Narrative) (Details) - USD ($)			12 Months Ended
	Jun. 05, 2025	Jun. 12, 2024	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Tax withholding decrease aggregate value			$ 4,044,000	$ 4,626,000
Share-based compensation expense			25,330,000	26,051,000	$ 25,665,000
Share-based payment arrangement, noncash expense including restructuring and other related charges					25,900,000
Share-based compensation expense, related to restructuring and other related charges					200,000
Total unrecognized share-based compensation costs			$ 21,300,000
Weighted-average remaining period			1 year 10 months 24 days
Share-based payment arrangement, amount capitalized			$ 0
Excess tax deficiencies (benefits)			2,900,000	2,000,000.0	2,600,000
Expense related to long-term incentive awards outstanding			$ 10,900,000	$ 10,700,000	$ 11,500,000
Restricted stock units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares surrendered to the company for tax withholding (in shares)			590,176
Tax withholding decrease aggregate value			$ 4,000,000.0
Vesting period			3 years
Weighted average granted (in dollars per share)			$ 6.99	$ 12.56	$ 17.56
Vested market value			$ 11,600,000	$ 11,700,000	$ 17,200,000
Maximum \| Restricted stock units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period			2 years
Minimum \| Restricted stock units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period			1 year
2011 Non-Employee Director Plan \| Restricted stock units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Weighted average granted (in dollars per share)			$ 6.60
Long-Term Incentive Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period			3 years	3 years	3 years
Performance period			3 years
Class A Common Stock \| 2016 Employee Stock Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares authorized for grant (in shares)	17,000,000
Number of share awards available for future grant (in shares)			7,776,690
Class A Common Stock \| 2016 Employee Stock Plan \| Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expiration period	10 years
Class A Common Stock \| 2011 Non-Employee Director Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares authorized for grant (in shares)		1,115,000
Number of share awards available for future grant (in shares)			113,155
Class A Common Stock \| 2011 Non-Employee Director Plan \| Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expiration period		10 years

Long-term Debt

12 Months Ended

Dec. 31, 2025

Debt Disclosure [Abstract]

Long-term Debt

The Company's long-term debt consists of:


(In thousands)	December 31, 2025		December 31, 2024
Senior Secured Credit Facility: (a)
Term Loan A Facility	$	82,795	$	365,625
Senior Notes:
10.25% Senior Secured Notes due January 2029	875,000		875,000
4.25% Senior Notes due February 2029	276,706		985,010
4.25% Convertible Senior Notes due February 2029	143,750		143,750
10.50% Senior Secured Notes due July 2032	400,000		—
Total long-term debt	1,778,251		2,369,385
Unamortized discount	(18,883)		(25,014)
Unamortized deferred financing costs	(7,075)		(8,152)
Long-term debt, net	1,752,293		2,336,219
Current portion of long-term debt	11,068		7,500
Noncurrent portion of long-term debt	$	1,741,225	$	2,328,719

Senior Secured Credit Facility

Amendment No. 1 - 2021

In February 2021, AMC Networks entered into Amendment No. 1 (“Amendment No. 1”) to the Second Amended and Restated Credit Agreement, dated as of July 28, 2017 (as amended, the "Credit Agreement"), among AMC Networks and its subsidiary, AMC Network Entertainment LLC ("AMC Network Entertainment"), as the initial borrowers (the "Initial Borrowers"), certain of AMC Networks' subsidiaries, as restricted subsidiaries, JPMorgan Chase Bank, N.A., as Administrative Agent, Collateral Agent and L/C Issuer, Bank of America, as an L/C Issuer, and the lenders party thereto. Amendment No. 1 extended the maturity dates of the $675 million Term Loan A Facility and $500 million Revolving Credit Facility (each as defined below) under the Credit Agreement to February 8, 2026, and made certain other amendments to the covenants and other provisions of the Credit Agreement.

Amendment No. 2 - 2023

In April 2023, AMC Networks entered into Amendment No. 2 ("Amendment No. 2") to the Credit Agreement. Amendment No. 2 (i) reduced the aggregate principal amount of the revolving loan commitments under the Credit Agreement (the "Revolving Credit Facility") from $500 million to $400 million, (ii) replaced the interest rate based on London Interbank Offered Rate with an interest rate based on the Secured Overnight Financing Rate ("SOFR"), (iii) increased the Company's ability to incur additional debt in the future to provide additional flexibility for future financings, including increasing the amount of the incremental debt basket to the greater of $1.2 billion and the amount that would not cause the senior secured leverage ratio to exceed 3.00 to 1.00 on a pro forma basis and (iv) made certain other modifications to the Credit Agreement. In connection with the modification of the revolving loan commitments, the Company recorded $0.6 million to write-off a portion of the unamortized deferred financing costs, which is included in interest expense within the consolidated statements of income (loss) for the year ended December 31, 2023.

Amendment No. 3 - 2024

On April 9, 2024, AMC Networks entered into Amendment No. 3 ("Amendment No. 3") to the Credit Agreement. In connection with Amendment No. 3, AMC Networks made a $165.6 million partial prepayment of the Term Loan A facility under the Credit Agreement (the “Term Loan A Facility”), bringing the total principal amount outstanding under the Term Loan A Facility to $425 million, and reduced the Revolving Credit Facility to $175 million. In addition, pursuant to Amendment No. 3, the maturity date of $325 million principal amount of loans under the Term Loan A Facility as well as all of the commitments under the Revolving Credit Facility was extended to April 9, 2028 (referred to as "Term Loan A (Extended)"). The maturity date of the remaining $100 million principal amount of loans under the Term Loan A Facility continues to be

February 8, 2026 (referred to as "Term Loan A (Non-Extended)"). Amendment No. 3 also includes certain other modifications to covenants and other provisions of the Credit Agreement. In connection with the $165.6 million partial prepayment of the Term Loan A Facility and the modification of the revolving loan commitments, the Company recorded a charge of $1.3 million to write off a portion of the unamortized discount and deferred financing costs associated with the Credit Agreement, which is included in Gain (loss) on extinguishment of debt, net within the consolidated statements of income (loss).

Amendment No. 4 - 2024

On September 26, 2024, the Company entered into Amendment No. 4 to the Credit Agreement, pursuant to which certain modifications were made to the schedules listing the Company’s restricted and unrestricted subsidiaries to reflect recent changes to the Company’s corporate structure.

Amendment No. 5 - 2025

On October 29, 2025, the Company entered into Amendment No. 5 (“Amendment No. 5”) to the Credit Agreement. The Company continues to maintain $175.0 million of commitments under the Revolving Credit Facility. Pursuant to Amendment No. 5, the maturity date of $111.8 million of such commitments was extended to the earlier of (i) October 29, 2030 and (ii) the date that is 90 days prior to the maturity date of any capital markets indebtedness of AMC Networks Inc. with an aggregate outstanding principal amount exceeding $50.0 million. The remaining $63.2 million of commitments under the Revolving Credit Facility retained their existing maturity date of April 9, 2028.

Additionally, the Company repurchased and permanently retired term loans held by certain lenders that consented to the maturity extension noted above, in an aggregate principal amount equal to $165.7 million, at a price equal to the principal amount thereof plus accrued and unpaid interest. The remaining $85.6 million principal amount, $2.8 million of which was subsequently repaid during the fourth quarter of 2025 in accordance with the revised contractual payment schedule, retained their existing maturity date of April 9, 2028. In connection with the $165.7 million partial prepayment of the Term Loan A Facility and the modification of the revolving loan commitments, the Company recorded a charge of $1.3 million to write off a portion of the unamortized discount and deferred financing costs associated with the Credit Agreement, which is included in Gain (loss) on extinguishment of debt, net within the consolidated statements of income (loss).

Amendment No. 5 also includes certain other modifications to covenants and other provisions of the Credit Agreement, including a reduction in the minimum interest coverage ratio from 2.00:1.00 to 1.50:1.00, with a step-up to 1.75:1.00 for fiscal quarters ending on or after December 31, 2028.

During the year ended December 31, 2025, and prior to the execution of Amendment No. 5, the Company voluntarily prepaid the remaining $90.0 million of borrowings under the Term Loan A Facility consisting of the non-extended portion originally due in February 2026, $20.0 million of which was paid in May 2025 and the remaining $70.0 million of which was paid in July 2025. In connection with the voluntary prepayments, the Company recorded a charge of $0.4 million to write-off a portion of the unamortized discount and deferred financing costs associated with the Term Loan A Facility consisting of the non-extended portion originally due in February 2026, which is included in Gain (loss) on extinguishment of debt, net in the consolidated statements of income (loss). Additionally, during the year ended December 31, 2025, the Company continued to make quarterly payments of the principal amount in accordance with the contractual payment schedule totaling $27.1 million.

Borrowings for the amounts due April 2028 bear interest at (a) a base rate plus an additional rate ranging from 1.75% to 2.50% per annum (determined based on a cash flow ratio) (the "Base Rate"), or (b) a SOFR rate plus an additional rate ranging from 2.75% to 3.50% per annum (determined based on a cash flow ratio) (the "SOFR Rate").

The Credit Agreement requires the Initial Borrowers to pay a commitment fee of between 0.25% and 0.375% (determined based on a cash flow ratio) in respect of the average daily unused commitments under the Revolving Credit Facility. The Initial Borrowers also are required to pay customary letter of credit fees, as well as fronting fees, to banks that issue letters of credit pursuant to the Credit Agreement.

All obligations under the Credit Agreement are guaranteed by certain of the Initial Borrowers' existing and future domestic restricted subsidiaries in accordance with the Credit Agreement. All obligations under the Credit Agreement, including the guarantees of those obligations, are secured by certain assets of the Initial Borrowers and certain of their subsidiaries (collectively, the "Loan Parties").

The Credit Agreement contains certain affirmative and negative covenants applicable to AMC Networks and its restricted subsidiaries. These include restrictions on AMC Networks and its restricted subsidiaries' ability to incur indebtedness, make investments, place liens on assets, dispose of assets, enter into certain affiliate transactions and make certain restricted payments, including restrictions on AMC Networks' ability to pay dividends on and to repurchase its common stock. The Credit Agreement also requires AMC Networks and its restricted subsidiaries, on a consolidated basis to comply with the following financial covenants: (i) a maximum ratio of Net Debt to Annual Adjusted Operating Income (each defined in the Credit

Agreement) ("Net Leverage Ratio") of 5.25:1.00 from January 1, 2021 through December 31, 2021 and decreasing to 5.00:1.00 on and after January 1, 2022 to but excluding the Amendment No. 3 effective date. From the Amendment No.3 effective date through March 31, 2026, the maximum Net Leverage Ratio is 5.75:1.00, decreasing thereafter to 5.50:1.00, subject to increase (not to exceed 6.00:1.00) if AMC Networks consummates any leveraging acquisition; and (ii) a minimum ratio of Annual Adjusted Operating Income to Annual Total Interest Expense (each defined in the Credit Agreement) ("Interest Coverage Ratio") of 2.50:1.00 through the quarter ending June 30, 2024, 2.00:1.00 for each quarter ending September 30, 2024 through September 30, 2025, and beginning with the Amendment No. 5 effective date, 1.50:1.00 for each quarter ending December 31, 2025 through September 30, 2028, with a step-up to 1.75:1.00 for fiscal quarters ending on or after December 31, 2028. AMC Networks was in compliance with all of its financial covenants under the Credit Facility as of December 31, 2025 and 2024.

The Revolving Credit Facility was not drawn upon at December 31, 2025 or December 31, 2024. The total undrawn revolver commitment is available to be drawn for our general corporate purposes.

10.50% Senior Secured Notes due 2032

On July 3, 2025, AMC Networks completed an offering of $400.0 million aggregate principal amount of its 10.500% Senior Secured Notes due 2032 (the “2032 Secured Notes”). AMC Networks received net proceeds of $394.5 million, after deducting initial purchaser discounts. The 2032 Secured Notes are guaranteed by AMC Network Entertainment and AMC Networks' subsidiaries that guarantee the Credit Agreement (the "Guarantors").

The 2032 Secured Notes were issued pursuant to an Indenture, dated as of July 3, 2025 (the “2032 Secured Notes Indenture”), among AMC Networks, the Guarantors and U.S. Bank Trust Company, National Association, as Trustee.

The 2032 Secured Notes accrue interest at a rate of 10.500% per annum and mature on July 15, 2032. Interest is payable semiannually on January 15 and July 15 of each year, commencing on January 15, 2026. The 2032 Secured Notes are AMC Networks’ general senior secured obligations, secured on a first-priority basis by substantially all of AMC Networks’ and the Guarantors’ assets and property (the “Collateral”), subject to certain liens permitted under the 2032 Secured Notes Indenture, and will rank equally with all of AMC Networks’ existing and future senior indebtedness, senior in right of payment to AMC Networks’ future subordinated indebtedness and effectively senior to any of AMC Networks’ existing and future unsecured indebtedness or indebtedness that is secured by a lien ranking junior to the lien securing the 2032 Secured Notes, in each case, to the extent of the value of the Collateral.


Year						Percentage
2028						105.250%
2029						102.625%
2030 and thereafter						100.000%

In addition to the optional redemption of the 2032 Secured Notes described above, at any time prior to July 15, 2028, AMC Networks may redeem up to 40% of the aggregate principal amount of the 2032 Secured Notes at a redemption price equal to 110.500% of the principal amount thereof, plus accrued and unpaid interest and additional interest, if any, using the net proceeds of certain equity offerings. At any time prior to July 15, 2028, AMC Networks may also redeem up to 10% of the aggregate principal amount of the 2032 Secured Notes during any twelve month period at a redemption price equal to 103.000% of the aggregate principal amount thereof, plus accrued and unpaid interest thereon to, but excluding, the redemption date.

Finally, at any time prior to July 15, 2028, AMC Networks may redeem the 2032 Secured Notes, at its option in whole or in part, at any time and from time to time, at a redemption price equal to 100% of the principal amount thereof to be redeemed plus the “Applicable Premium” calculated as described in the 2032 Secured Notes Indenture at the Treasury rate + 50 basis points, and accrued and unpaid interest thereon, if any, to, but excluding, the redemption date.

10.25% Senior Secured Notes due 2029

On April 9, 2024, AMC Networks issued $875 million aggregate principal amount of 10.25% Senior Secured Notes due 2029 (the “Secured Notes”). AMC Networks received net proceeds of $863 million, after deducting initial purchasers' discounts. The Secured Notes are guaranteed by AMC Network Entertainment and AMC Networks' subsidiaries that guarantee the Credit Agreement.

The Secured Notes were issued pursuant to an indenture, dated as of April 9, 2024 (the “Secured Notes Indenture”), among AMC Networks, the Guarantors and U.S. Bank Trust Company, National Association, as Trustee.

The Secured Notes accrue interest at a rate of 10.25% per annum and mature on January 15, 2029. Interest is payable semiannually on January 15 and July 15 of each year, commencing on July 15, 2024. The Secured Notes are AMC Networks’ general senior secured obligations, secured on a first-priority basis by substantially all of AMC Networks’ and the Guarantors’ assets and property, subject to certain liens permitted under the Secured Notes Indenture, and rank equally with all of AMC Networks’ existing and future senior indebtedness, senior in right of payment to AMC Networks’ future subordinated indebtedness and effectively senior to any of AMC Networks’ existing and future unsecured indebtedness or indebtedness that is secured by a lien ranking junior to the lien securing the Secured Notes, in each case, to the extent of the value of the collateral.


Year						Percentage
2026						105.125%
2027						102.563%
2028 and thereafter						100.000%

In addition to the optional redemption of the Secured Notes described above, at any time prior to January 15, 2026, AMC Networks may redeem up to 40% of the aggregate principal amount of the Secured Notes at a redemption price equal to 110.250% of the principal amount thereof, plus accrued and unpaid interest and additional interest, if any, using the net proceeds of certain equity offerings. At any time prior to January 15, 2026, AMC Networks may also redeem up to 10% of the aggregate principal amount of the Secured Notes during any twelve month period at a redemption price equal to 103.000% of the aggregate principal amount thereof, plus accrued and unpaid interest thereon to, but excluding, the redemption date.

Finally, at any time prior to January 15, 2026, AMC Networks may redeem the Secured Notes, at its option in whole or in part, at any time, at a redemption price equal to 100% of the principal amount thereof to be redeemed plus the “Applicable Premium” calculated as described in the Secured Notes Indenture at the Treasury rate + 50 basis points, and accrued and unpaid interest thereon, if any, to, but excluding, the redemption date.

Senior Notes

General terms

The senior notes are guaranteed on a senior unsecured basis by the guarantors, in accordance with the related indenture. The guarantees are full and unconditional and joint and several. The indentures governing each of the senior notes contain certain affirmative and negative covenants applicable to AMC Networks and its restricted subsidiaries including restrictions on their ability to incur additional indebtedness, consummate certain assets sales, make investments in entities that are not restricted subsidiaries, create liens on their assets, enter into certain affiliate transactions and make certain restricted payments, including restrictions on AMC Networks' ability to pay dividends on, or repurchase, its common stock.

4.25% Convertible Senior Notes due 2029

On June 21, 2024, the Company completed a private unregistered offering of $143.8 million aggregate principal amount of its Convertible Notes, which amount includes the full exercise of the initial purchasers’ option to purchase additional Convertible Notes. The Company received net proceeds of $139.4 million, after deducting initial purchasers' discounts. The Convertible Notes are guaranteed by each of the Company’s existing and future domestic subsidiaries that guarantee the Company’s credit facilities and the Company’s 4.25% Senior Notes due 2029 and the Secured Notes (the “Guarantors”), subject to certain exceptions, on a senior, unsecured basis.

The Convertible Notes were issued pursuant to an indenture, dated as of June 21, 2024 (the “Convertible Notes Indenture”), among the Company, the Guarantors and U.S. Bank Trust Company, National Association, as trustee (“Trustee”).

The Convertible Notes bear interest at a rate of 4.25% per year, payable semi-annually in arrears on February 15 and August 15 of each year, beginning on February 15, 2025. The Convertible Notes will mature on February 15, 2029, unless earlier redeemed, repurchased or converted.

Subject to the terms of the Convertible Notes Indenture, the Convertible Notes may be converted at an initial conversion rate of 78.5083 shares of Class A common stock, par value $0.01 per share, of the Company (“Class A Common Stock”) per

$1,000 principal amount of Convertible Notes (equivalent to an initial conversion price of approximately $12.74 per share of Class A Common Stock). Upon conversion of the Convertible Notes, the Company will pay or deliver, as the case may be, cash, shares of Class A Common Stock or a combination of cash and shares of Class A Common Stock, at the Company’s election, as described in the Convertible Notes Indenture. Holders of the Convertible Notes may convert their Convertible Notes at their option at any time on or after November 15, 2028 until the close of business on the second scheduled trading day immediately preceding the maturity date. Holders of the Convertible Notes will also have the right to convert the Convertible Notes prior to November 15, 2028, but only upon the occurrence of specified events described in the Convertible Notes Indenture. The conversion rate is subject to antidilution adjustments if certain events occur.

Prior to August 20, 2027, the Convertible Notes will not be redeemable. On or after August 20, 2027, the Company may redeem for cash all or part of the Convertible Notes (subject to certain exceptions), at its option, if the last reported sale price of the Class A Common Stock has been at least 130% of the conversion price then in effect for at least 20 trading days (whether or not consecutive) during any period of 30 consecutive trading days (including the last trading day of such period) ending on, and including, the trading day immediately preceding the date on which the Company provides notice of redemption at a redemption price equal to 100% of the principal amount of the Convertible Notes to be redeemed, plus accrued and unpaid interest to, but not including, the redemption date. No sinking fund is provided for the Convertible Notes.

If certain corporate events (each defined in the Convertible Notes Indenture as a “Make-Whole Fundamental Change”) occur prior to the maturity date of the Convertible Notes, and a holder elects to convert its Convertible Notes in connection with such corporate event, the Company will, under certain circumstances, increase the conversion rate for the Convertible Notes so surrendered for conversion by a number of additional shares of Class A Common Stock as specified in the Convertible Notes Indenture. No adjustment to the conversion rate will be made if the price paid or deemed to be paid per share of Class A Common Stock in such corporate event is either less than $10.19 per share or exceeds $130.00 per share.

If a specified “Fundamental Change” (as defined in the Convertible Notes Indenture) occurs prior to the maturity date of the Convertible Notes, under certain circumstances each holder may require the Company to repurchase all or part of its Convertible Notes at a repurchase price equal to 100% of the principal amount, plus accrued and unpaid interest to, but not including, the repurchase date.

Under the Convertible Notes Indenture, the Convertible Notes may be accelerated upon the occurrence of certain events of default. In the case of an event of default with respect to the Convertible Notes arising from specified events of bankruptcy or insolvency of the Company or the Company’s Significant Subsidiaries (as defined in the Convertible Notes Indenture), 100% of the principal of and accrued and unpaid interest on the Convertible Notes will automatically become due and payable. If any other event of default with respect to the Convertible Notes under the Convertible Notes Indenture occurs or is continuing, the Trustee or holders of at least 25% in aggregate principal amount of the then outstanding Convertible Notes may declare the principal amount of and accrued and unpaid interest, if any, on the Convertible Notes to be immediately due and payable.

4.25% Senior Notes due 2029

On February 8, 2021, AMC Networks issued and certain of AMC Networks’ subsidiaries (hereinafter, the “Guarantors”) guaranteed $1.0 billion aggregate principal amount of 4.25% senior notes due February 15, 2029 (the “Senior Notes”) in a registered public offering and received net proceeds of $982.3 million, after deducting underwriting discounts and commissions and expenses. The Company used such proceeds to redeem (i) the remaining $400 million principal amount of the Company’s 4.75% senior notes due 2022 and (ii) $600 million principal amount of the Company’s 5.00% senior notes due 2024 on February 26, 2021 (the "Redemption Date"). The 4.75% senior notes due 2022 were redeemed at a redemption price of 100.000% of the principal amount of such notes and the 5.00% senior notes due 2024 were redeemed at a redemption price of 102.500% of the principal amount of such notes, in each case, plus accrued and unpaid interest to, but excluding, the Redemption Date.

The Senior Notes may be redeemed, at AMC Networks' option, in whole or in part, at any time on or after February 15, 2024, at a redemption price equal to 102.125% of the principal amount thereof (plus accrued and unpaid interest thereon, if any, to the date of such redemption), declining annually to 100% of the principal amount thereof (plus accrued and unpaid interest thereon, if any, to the date of such redemption) beginning on February 15, 2026.

In June 2024, the Company repurchased $15.0 million of its outstanding Senior Notes through open market repurchases, at a discount of $4.9 million, and retired the repurchased notes. The Company recorded a $4.7 million gain which reflects the discount, net of $0.2 million to write off a portion of the unamortized discount and deferred financing costs associated with the notes. The $4.7 million gain is included in Gain (loss) on extinguishment of debt, net within the consolidated statements of income (loss).

Utilizing proceeds from the July 3, 2025 offering of 2032 Secured Notes described above and cash-on-hand, the Company completed a cash tender offer on July 17, 2025 to purchase $600.0 million of its Senior Notes at a discount of $111.0 million, and retired the notes tendered. The Company recorded a $105.8 million gain which reflects the discount, net of $5.2 million to write-off a portion of the unamortized discount and deferred financing costs associated with the Senior Notes, as well as $1.7 million in additional expenses associated with the tender offer, both of which are included in Gain (loss) on extinguishment of debt, net in the consolidated statements of income (loss).

Additionally, during 2025, the Company repurchased $108.3 million principal amount of its Senior Notes through open market repurchases, at discounts of $28.2 million and retired the repurchased Senior Notes. The Company recorded gains of $27.2 million, which reflects the discounts, net of $1.0 million to write off a portion of the unamortized discount and deferred financing costs associated with the Senior Notes, and is included in Gain (loss) on extinguishment of debt, net in the consolidated statements of income (loss).

Summary of Debt Maturities

Total amounts payable by the Company under its various debt obligations outstanding as of December 31, 2025 are as follows:


(In thousands)
Years Ending December 31,
2026	$	11,068
2027	11,068
2028	60,659
2029	1,295,456
2030	—
Thereafter	400,000
	$	1,778,251

- Definition

The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 8A
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-8A

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480738/235-10-S50-1

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(c))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480678/235-10-S99-1

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481544/470-10-50-6

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481544/470-10-50-6

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 405
-SubTopic 40
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477092/405-40-50-1

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 405
-SubTopic 40
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)(3)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477092/405-40-50-1

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 405
-SubTopic 40
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477092/405-40-50-1

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 405
-SubTopic 40
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477092/405-40-50-1

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 405
-SubTopic 40
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477092/405-40-50-1

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1B
-Subparagraph (h)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1B

Reference 12: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 470
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org/470/tableOfContent

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 835
-SubTopic 30
-Name Accounting Standards Codification
-Section 45
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482925/835-30-45-2

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1B
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1B

Reference 15: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1B
-Subparagraph (g)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1B

Reference 16: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1B
-Subparagraph (i)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1B

Reference 17: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1C
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1C

Reference 18: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1C
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1C

Reference 19: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1C
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1C

Reference 20: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1E
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1E

Reference 21: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1I
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1I

Reference 22: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1I
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1I

Reference 23: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1I
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1I

+ Details

Income Taxes (Tables)

12 Months Ended

Dec. 31, 2025

Income Tax Disclosure [Abstract]

Schedule of Income before Income Tax, Domestic and Foreign

Income (loss) from continuing operations before income taxes consists of the following components:


(In thousands)	Years Ended December 31,
	2025		2024		2023
Domestic	$	182,190	$	(119,422)	$	239,061
Foreign	(34,192)		(55,075)		56,945
Total	$	147,998	$	(174,497)	$	296,006

Schedule of Components of Income Tax Expense (Benefit)

Income tax expense (benefit) attributable to continuing operations consists of the following components:


(In thousands)	Years Ended December 31,
	2025		2024		2023
Current expense (benefit):
U.S. federal	$	27,671	$	43,284	$	9,260
U.S. state and local	20,698		41,990		12,624
Foreign	11,887		20,441		23,517
Total current tax expense (benefit)	60,256		105,715		45,401
Deferred expense (benefit):
U.S. federal	(11,329)		(53,109)		46,831
U.S. state and local	(1,397)		(6,631)		1,034
Foreign	(4,552)		(3,323)		1,871
Total deferred tax expense (benefit)	(17,278)		(63,063)		49,736
Total income tax expense (benefit):
U.S. federal	16,342		(9,825)		56,091
U.S. state and local	19,301		35,359		13,658
Foreign	7,335		17,118		25,388
Total income tax expense (benefit)	42,978		42,652		95,137
Tax expense (benefit) relating to uncertain tax positions, including accrued interest	3,248		838		(531)
Income tax expense (benefit)	$	46,226	$	43,490	$	94,606

Schedule of Effective Income Tax Rate Reconciliation

A reconciliation of the federal statutory income tax rate to the effective income tax rate for the year ended December 31, 2025 is as follows:


(in thousands)	Amount		Percent
U.S. federal statutory income tax rate	$	31,080	21.0	%
Domestic federal




Tax credits
Foreign tax credits	(14,642)		(9.9)	%




Nontaxable or nondeductible items
Nondeductible goodwill impairment	6,807		4.6	%
Nondeductible compensation expense	5,133		3.5	%

Other	208		0.1	%
Effect of cross-border tax laws	(2,511)		(1.7)	%
Changes in valuation allowances	4,544		3.1	%
Other
Deferred tax outside basis adjustment (a)	(17,837)		(12.1)	%
Share-based payment awards	2,833		1.9	%
Other	(1,651)		(1.1)	%
Domestic state and local income taxes, net of federal effect (b)	19,285		13.0	%
Changes in unrecognized tax benefits	2,523		1.7	%
Foreign tax effects



Canada
Withholding taxes	7,726		5.2	%
United Kingdom
Tax incentive adjustment	(11,301)		(7.6)	%
Changes in valuation allowances	11,269		7.6	%
Nontaxable income attributable to noncontrolling interests	(2,374)		(1.6)	%
Other	667		0.5	%
Spain
Tax incentive adjustment	(5,944)		(4.0)	%
Nondeductible goodwill impairment	4,112		2.8	%
Changes in valuation allowances	2,718		1.8	%

Other	(984)		(0.7)	%





Other jurisdictions

Withholding taxes	4,174		2.8	%
Other	391		0.3	%

Total income tax expense/(benefit)	$	46,226	31.2	%

(a) This amount relates to a reversal of a deferred tax liability resulting from an ownership interest change of RLJ Entertainment.

A reconciliation of the federal statutory income tax rate to the effective income tax rate for the years ended December 31, 2024 and 2023 is as follows:


(In thousands)	Years Ended December 31,
	2024		2023
U.S. federal statutory income tax rate	21	%	21	%
State and local income taxes, net of federal benefit	(1)		4
Effect of foreign operations (a)	(11)		1
Nondeductible compensation expenses	(3)		2
Excess tax deficiencies related to share-based compensation	(1)		1
Changes in the valuation allowance (b)	1		3


Investment tax credit benefit/expense (c)	(19)		—
Nondeductible goodwill impairment charges	(9)		—
Expiration of foreign tax credits	(4)		—

Other	1		—
Effective income tax rate	(25)	%	32	%

(c)In the year ended December 31, 2024, the increase in the investment tax credit benefit/expense relates primarily to a write-down of a state investment tax credit receivable.

Schedule of Deferred Tax Assets and Liabilities

The tax effects of temporary differences that give rise to significant components of deferred tax assets or liabilities at December 31, 2025 and 2024 are as follows:


(In thousands)	December 31,
	2025		2024
Deferred Tax Asset (Liability)
NOLs and tax credit carryforwards	$	122,916	$	96,968
Compensation and benefit plans	19,695		20,128
Allowance for doubtful accounts	1,440		1,729
Fixed assets and intangible assets	21,527		23,411
Accrued interest expense	6,049		28,148
Unused capital losses	13,116		19,148
Accrued liabilities and other	22,402		23,927
Deferred tax asset	207,145		213,459
Valuation allowance	(142,368)		(127,563)
Net deferred tax asset	64,777		85,896
Prepaid liabilities	(770)		(664)
Fixed assets and intangible assets	(61,270)		(69,203)
Investments in partnerships	(86,408)		(99,864)
Other	(6,712)		(24,284)
Deferred tax liability	(155,160)		(194,015)
Total net deferred tax liability	$	(90,383)	$	(108,119)

Schedule of Deferred Tax Assets Valuation Allowance

Deferred Tax Assets - Valuation Allowance


(In thousands)	2025		2024
Balance at beginning of year	$	127,563	$	135,742
Charged (credited) to expense	11,048		(8,160)
Other (a)	3,757		(19)
Balance at end of year	$	142,368	$	127,563

(a)Includes currency translation adjustments and other miscellaneous items.

Schedule of Unrecognized Tax Benefits Reconciliation

A reconciliation of the beginning to ending amount of the liability for uncertain tax positions (excluding related accrued interest and deferred tax benefit) is as follows:


(In thousands)
Balance at December 31, 2024	$	5,949
Increases related to current year tax positions	478
Increases related to prior year tax positions	1,678

Decreases related to prior year tax positions	(45)
Decreases due to settlements/payments	(834)
Decreases due to lapse of statute of limitations	(561)

Balance at December 31, 2025	$	6,665

Schedule of Income Taxes Paid, Net

The following table summarizes income taxes paid, net, for the year ended December 31, 2025:



(In thousands)

U.S. Federal	$	28,000
U.S State and local	6,637
Foreign	11,753





Total income taxes paid, net	$	46,390

The following table details the Company's non-cash investing and financing activities and other supplemental data:


(In thousands)	Years Ended December 31,
	2025		2024		2023
Non-Cash Investing and Financing Activities:

Operating lease additions	$	33,056	$	8,272	$	7,647
Finance lease additions	2,625		2,991		—

Capital expenditures incurred but not yet paid	1,310		1,765		974

Supplemental Data:
Cash interest paid	156,563		129,164		149,535

Long-term Debt (Schedule of Debt Maturities) (Details) - USD ($) $ in Thousands	Dec. 31, 2025	Dec. 31, 2024
Debt Disclosure [Abstract]
2026	$ 11,068
2027	11,068
2028	60,659
2029	1,295,456
2030	0
Thereafter	400,000
Long-term debt	$ 1,778,251	$ 2,369,385

Long-term Debt (Senior Secured Credit Facility) (Narrative) (Details)						1 Months Ended				3 Months Ended	5 Months Ended	12 Months Ended
	Oct. 29, 2025 USD ($)	Oct. 28, 2025	Jul. 17, 2025 USD ($)	Jul. 03, 2025 USD ($)	Apr. 09, 2024 USD ($)	Jul. 31, 2025 USD ($)	May 31, 2025 USD ($)	Jun. 30, 2024 USD ($)	Apr. 30, 2023 USD ($)	Dec. 31, 2025 USD ($)	Dec. 31, 2025 USD ($)	Dec. 31, 2025 USD ($)	Dec. 31, 2024 USD ($)	Dec. 31, 2023 USD ($)	Mar. 31, 2023 USD ($)	Feb. 28, 2021 USD ($)
Debt Instrument [Line Items]
Unamortized deferred costs written off	$ 1,300,000				$ 1,300,000
Long-term debt, gross										$ 1,778,251,000	$ 1,778,251,000	$ 1,778,251,000	$ 2,369,385,000
Repayments of secured debt												282,830,000	241,875,000	$ 33,750,000
Line of Credit
Debt Instrument [Line Items]
Unamortized deferred costs written off									$ 600,000
Senior Notes
Debt Instrument [Line Items]
Unamortized deferred costs written off			$ 5,200,000					$ 200,000			1,000,000
Term-A Facility \| Secured Debt
Debt Instrument [Line Items]
Debt instrument, repurchased face amount	165,700,000
Term-A Facility Maturity On April 9, 2028 \| Secured Debt
Debt Instrument [Line Items]
Loan balance	$ 85,600,000									82,800,000	82,800,000	82,800,000
Repayments of secured debt										2,800,000
Term-A Facility Maturity On April 9, 2028 \| Secured Debt \| Minimum \| Base Rate
Debt Instrument [Line Items]
Basis spread on variable rate	1.75%
Term-A Facility Maturity On April 9, 2028 \| Secured Debt \| Minimum \| SOFR
Debt Instrument [Line Items]
Basis spread on variable rate	2.75%
Term-A Facility Maturity On April 9, 2028 \| Secured Debt \| Maximum \| Base Rate
Debt Instrument [Line Items]
Basis spread on variable rate	2.50%
Term-A Facility Maturity On April 9, 2028 \| Secured Debt \| Maximum \| SOFR
Debt Instrument [Line Items]
Basis spread on variable rate	3.50%
10.500% Senior Secured Notes due 2032 \| Senior Notes
Debt Instrument [Line Items]
Loan balance				$ 400,000,000
Interest rate				10.50%
Net proceeds				$ 394,500,000
10.500% Senior Secured Notes due 2032 \| Senior Notes \| Debt Instrument, Redemption, Period Four
Debt Instrument [Line Items]
Redeemed percentage				40.00%
Redemption price (as a percentage)				110.50%
10.500% Senior Secured Notes due 2032 \| Senior Notes \| Debt Instrument, Redemption, Period Five
Debt Instrument [Line Items]
Redeemed percentage				10.00%
Redemption price (as a percentage)				103.00%
10.500% Senior Secured Notes due 2032 \| Senior Notes \| Debt Instrument, Redemption, Period Six
Debt Instrument [Line Items]
Basis spread on variable rate				0.50%
Redemption price (as a percentage)				100.00%
10.25% Senior Secured Notes due 2029 \| Senior Notes
Debt Instrument [Line Items]
Loan balance					$ 875,000,000
Long-term debt, gross										$ 875,000,000	$ 875,000,000	$ 875,000,000	875,000,000
Interest rate					10.25%					10.25%	10.25%	10.25%
Net proceeds					$ 863,000,000							$ 0	862,969,000	$ 0
10.25% Senior Secured Notes due 2029 \| Senior Notes \| Debt Instrument, Redemption, Period Four
Debt Instrument [Line Items]
Redeemed percentage					40.00%
Redemption price (as a percentage)					110.25%
10.25% Senior Secured Notes due 2029 \| Senior Notes \| Debt Instrument, Redemption, Period Five
Debt Instrument [Line Items]
Redeemed percentage					10.00%
Redemption price (as a percentage)					103.00%
10.25% Senior Secured Notes due 2029 \| Senior Notes \| Debt Instrument, Redemption, Period Six
Debt Instrument [Line Items]
Basis spread on variable rate					0.50%
Redemption price (as a percentage)					100.00%
Secured Debt \| Term-A Facility
Debt Instrument [Line Items]
Loan balance																$ 675,000,000
Voluntary prepayment of debt	$ 165,700,000				$ 165,600,000
Long-term debt, gross					425,000,000					$ 82,795,000	$ 82,795,000	82,795,000	365,625,000
Secured Debt \| Term-A Facility Maturity On April 9, 2028
Debt Instrument [Line Items]
Unamortized deferred costs written off												400,000
Long-term debt, gross					325,000,000
Repayments of secured debt												27,100,000
Secured Debt \| Term-A Facility Maturity On February 8, 2026
Debt Instrument [Line Items]
Long-term debt, gross					100,000,000
Repayments of secured debt						$ 70,000,000	$ 20,000,000					90,000,000
Revolving Credit Facility \| Line of Credit
Debt Instrument [Line Items]
Loan balance																$ 500,000,000
Credit facility borrowing capacity	175,000,000								400,000,000						$ 500,000,000
Debt instrument, covenant, debt basket, maximum									$ 1,200,000,000
Debt instrument, covenant, leverage ratio									3.00
Line of credit	111,800,000				$ 175,000,000					$ 0	$ 0	$ 0	$ 0
Debt instrument, covenant, maximum aggregate principal amount outstanding threshold	$ 50,000,000
Minimum ratio of annual operating cash flow to annual total interest expense	1.50	2.00
Revolving Credit Facility \| Line of Credit \| Minimum
Debt Instrument [Line Items]
Commitment fee percentage	0.25%
Revolving Credit Facility \| Line of Credit \| Maximum
Debt Instrument [Line Items]
Commitment fee percentage	0.375%
Revolving Credit Facility \| Line of Credit \| Fiscal quarters ending on or after December 31, 2028
Debt Instrument [Line Items]
Minimum ratio of annual operating cash flow to annual total interest expense										1.75	1.75	1.75
Revolving Credit Facility \| Line of Credit \| January 1, 2021 through December 31, 2021
Debt Instrument [Line Items]
Debt instrument, covenant, leverage ratio		5.25
Minimum ratio of annual operating cash flow to annual total interest expense	1.75
Revolving Credit Facility \| Line of Credit \| On or after January 1, 2022 to April 8, 2024
Debt Instrument [Line Items]
Debt instrument, covenant, leverage ratio		5.00
Revolving Credit Facility \| Line of Credit \| April 9, 2024 through March 31, 2026
Debt Instrument [Line Items]
Debt instrument, covenant, leverage ratio	5.75
Revolving Credit Facility \| Line of Credit \| April 1, 2026 and thereafter
Debt Instrument [Line Items]
Debt instrument, covenant, leverage ratio	5.50
Revolving Credit Facility \| Line of Credit \| April 1, 2026 and thereafter \| Maximum
Debt Instrument [Line Items]
Debt instrument, covenant, leverage ratio	6.00
Revolving Credit Facility \| Line of Credit \| Through quarter ending June 30, 2024
Debt Instrument [Line Items]
Minimum ratio of annual operating cash flow to annual total interest expense	2.50
Revolving Credit Facility \| Line of Credit \| Each quarter ending September 30, 2024 through September 30, 2026
Debt Instrument [Line Items]
Minimum ratio of annual operating cash flow to annual total interest expense	2.00
Revolving Credit Facility \| Term-A Facility Maturity On April 9, 2028 \| Line of Credit
Debt Instrument [Line Items]
Loan balance	$ 63,200,000									$ 175,000,000	$ 175,000,000	$ 175,000,000

Insider Trading Policies and Procedures	12 Months Ended
Insider Trading Policies and Procedures	Dec. 31, 2025
Insider Trading Policies and Procedures [Line Items]
Insider Trading Policies and Procedures Adopted	true

Fair Value Measurement (Carrying Values and Fair Values of the Company's Financial Instruments) (Details) - USD ($) $ in Thousands	Dec. 31, 2025	Dec. 31, 2024	Jun. 30, 2024	Jun. 21, 2024	Apr. 09, 2024	Feb. 08, 2021
10.25% Senior Secured Notes due 2029 \| Senior Notes
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Interest rate	10.25%				10.25%
4.25% Senior Notes due 2029 \| Senior Notes
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Interest rate	4.25%			4.25%		4.25%
4.25% Convertible Senior Notes due 2029 \| Senior Notes
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Interest rate				4.25%
4.25% Convertible Senior Notes due 2029 \| Convertible Debt
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Interest rate	4.25%		4.25%	4.25%
10.50% Senior Notes Due 2032 \| Senior Notes
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Interest rate	10.50%
Carrying Amount
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt	$ 1,752,293	$ 2,336,219
Carrying Amount \| Term Loan A Facility
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt	79,438	359,660
Carrying Amount \| 10.25% Senior Secured Notes due 2029 \| Senior Notes
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt	864,459	861,683
Carrying Amount \| 4.25% Senior Notes due 2029 \| Senior Notes
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt	274,630	975,466
Carrying Amount \| 4.25% Convertible Senior Notes due 2029 \| Convertible Debt
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt	140,383	139,410
Carrying Amount \| 10.50% Senior Notes Due 2032 \| Senior Notes
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt	393,383
Estimated Fair Value
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt	1,811,998	2,198,749
Estimated Fair Value \| Term Loan A Facility
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt	82,795	356,934
Estimated Fair Value \| 10.25% Senior Secured Notes due 2029 \| Senior Notes
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt	916,563	927,500
Estimated Fair Value \| 4.25% Senior Notes due 2029 \| Senior Notes
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt	242,810	772,002
Estimated Fair Value \| 4.25% Convertible Senior Notes due 2029 \| Convertible Debt
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt	127,830	$ 142,313
Estimated Fair Value \| 10.50% Senior Notes Due 2032 \| Senior Notes
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt	$ 442,000

Goodwill and Other Intangible Assets (Tables)

12 Months Ended

Dec. 31, 2025

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Goodwill

The carrying amount of goodwill, by operating segment is as follows:


(In thousands)	Domestic Operations		International		Total
December 31, 2023	$	348,732	$	277,764	$	626,496

Impairment charge	(268,694)		(102,004)		(370,698)


Foreign currency translation	—		(9,494)		(9,494)
December 31, 2024	80,038		166,266		246,304


Impairment charge	—		(93,384)		(93,384)
Foreign currency translation	—		13,889		13,889
December 31, 2025	$	80,038	$	86,771	$	166,809

Schedule of Finite-Lived Intangible Assets

The following table summarizes information relating to the Company's identifiable intangible assets:


(In thousands)	December 31, 2025							Estimated Useful Lives
	Gross		Accumulated Amortization			Net
Amortizable intangible assets:
Affiliate and customer relationships	$	628,790	$	(498,146)		$	130,644	6 to 25 years
Advertiser relationships	46,282		(46,282)			—		11 years
Trade names and other amortizable intangible assets	91,966		(53,307)			38,659		3 to 20 years

Total amortizable intangible assets	767,038		(597,735)			169,303
Indefinite-lived intangible assets:
Trademarks	19,900		(4,400)		(1)	15,500
Total intangible assets	$	786,938	$	(602,135)		$	184,803
(1) Related to an impairment charge recorded on the Company's SundanceTV trademarks.

(In thousands)	December 31, 2024
	Gross		Accumulated Amortization			Net
Amortizable intangible assets:
Affiliate and customer relationships	$	610,048	$	(456,052)		$	153,996
Advertiser relationships	46,282		(46,282)			—
Trade names and other amortizable intangible assets	88,751		(46,169)			42,582

Total amortizable intangible assets	745,081		(548,503)			196,578
Indefinite-lived intangible assets:
Trademarks	19,900		—			19,900
Total intangible assets	$	764,981	$	(548,503)		$	216,478

Schedule of Indefinite-Lived Intangible Assets

The following table summarizes information relating to the Company's identifiable intangible assets:


(In thousands)	December 31, 2025							Estimated Useful Lives
	Gross		Accumulated Amortization			Net
Amortizable intangible assets:
Affiliate and customer relationships	$	628,790	$	(498,146)		$	130,644	6 to 25 years
Advertiser relationships	46,282		(46,282)			—		11 years
Trade names and other amortizable intangible assets	91,966		(53,307)			38,659		3 to 20 years

Total amortizable intangible assets	767,038		(597,735)			169,303
Indefinite-lived intangible assets:
Trademarks	19,900		(4,400)		(1)	15,500
Total intangible assets	$	786,938	$	(602,135)		$	184,803
(1) Related to an impairment charge recorded on the Company's SundanceTV trademarks.

(In thousands)	December 31, 2024
	Gross		Accumulated Amortization			Net
Amortizable intangible assets:
Affiliate and customer relationships	$	610,048	$	(456,052)		$	153,996
Advertiser relationships	46,282		(46,282)			—
Trade names and other amortizable intangible assets	88,751		(46,169)			42,582

Total amortizable intangible assets	745,081		(548,503)			196,578
Indefinite-lived intangible assets:
Trademarks	19,900		—			19,900
Total intangible assets	$	764,981	$	(548,503)		$	216,478

Schedule of Estimated Amortization Expense

Estimated aggregate amortization expense for intangible assets subject to amortization for each of the following five years is:


(In thousands)
Years Ending December 31,
2026	$	30,355
2027	25,295
2028	23,217
2029	19,897
2030	19,887

- Definition

Tabular disclosure of goodwill by reportable segment and in total which includes a rollforward schedule.

+ References

Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 24
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482548/350-20-55-24

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482573/350-20-50-1

Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
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+ Details

Consolidated Statements of Stockholders' Equity - USD ($) $ in Thousands	Total	Class A Common Stock	Total AMC Networks Stockholders' Equity	Common Stock Class A Common Stock	Common Stock Class B Common Stock	Paid-in Capital	Accumulated Earnings	Treasury Stock	Accumulated Other Comprehensive Loss	Non-redeemable Noncontrolling Interests
Beginning Balance at Dec. 31, 2022	$ 853,813		$ 806,988	$ 661	$ 115	$ 360,251	$ 2,105,641	$ (1,419,882)	$ (239,798)	$ 46,825
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss) attributable to AMC Networks’ stockholders	215,464		215,464				215,464
Net (loss) income attributable to non-redeemable noncontrolling interests	(12,285)									(12,285)
Purchase of noncontrolling interest, net of tax	(3,568)									(3,568)
Distributions to noncontrolling members	(6,283)									(6,283)
Other comprehensive income (loss)	8,173		6,967						6,967	1,206
Share-based compensation expenses	25,903		25,903			25,903
Common stock issued under employee stock plans	(7,271)		(7,271)	6		(7,277)
Ending Balance at Dec. 31, 2023	1,073,946		1,048,051	667	115	378,877	2,321,105	(1,419,882)	(232,831)	25,895
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss) attributable to AMC Networks’ stockholders	(226,546)		(226,546)				(226,546)
Net (loss) income attributable to non-redeemable noncontrolling interests	15,641									15,641
Redeemable noncontrolling interest adjustment to redemption fair value	(22,594)		(22,594)			(22,594)
Purchase of noncontrolling interest, net of tax	69,397		69,397			69,397
Distributions to noncontrolling members	(11,953)									(11,953)
Other comprehensive income (loss)	(35,056)		(34,138)						(34,138)	(918)
Share-based compensation expenses	26,051		26,051			26,051
Common stock issued under employee stock plans	0					(9,245)	(2,330)	11,575
Tax withholding associated with shares issued under employee stock plans	(4,626)		(4,626)			(4,626)
Ending Balance at Dec. 31, 2024	884,260		855,595	667	115	437,860	2,092,229	(1,408,307)	(266,969)	28,665
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss) attributable to AMC Networks’ stockholders	89,400		89,400				89,400
Net (loss) income attributable to non-redeemable noncontrolling interests	7,753									7,753
Redeemable noncontrolling interest adjustment to redemption fair value	(708)		(708)			(708)
Purchase of noncontrolling interest, net of tax	(13,792)		(13,792)			(13,792)
Distributions to noncontrolling members	(7,271)									(7,271)
Other comprehensive income (loss)	50,790		48,059						48,059	2,731
Share-based compensation expenses	25,330		25,330			25,330
Treasury stock acquired	(17,969)	$ (18,000)	(17,969)					(17,969)
Common stock issued under employee stock plans	0					(14,744)	(5,505)	20,249
Tax withholding associated with shares issued under employee stock plans	(4,044)		(4,044)			(4,044)
Ending Balance at Dec. 31, 2025	$ 1,013,749		$ 981,871	$ 667	$ 115	$ 429,902	$ 2,176,124	$ (1,406,027)	$ (218,910)	$ 31,878

Consolidated Statements of Cash Flows (Parenthetical)	Dec. 31, 2025
10.50% Senior Notes Due 2032 \| Senior Notes
Interest rate	10.50%
10.25% Senior Secured Notes due 2029 \| Senior Notes
Interest rate	10.25%
4.25% Convertible Senior Notes due 2029 \| Convertible Debt
Interest rate	4.25%
4.75% Senior Notes Due 2025 \| Senior Notes
Interest rate	4.75%
4.25% Senior Notes due 2029 \| Senior Notes
Interest rate	4.25%
5.00% Senior Notes due 2024 \| Senior Notes
Interest rate	5.00%

Income Taxes (Narrative) (Details) - USD ($) $ in Thousands	12 Months Ended
Income Taxes (Narrative) (Details) - USD ($) $ in Thousands	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Operating Loss Carryforwards [Line Items]
Federal and state net operating loss carryforward	$ 19,500
NOLs and tax credit carryforwards	122,916	$ 96,968
Liability for uncertain tax positions	6,700
Accrued interest liability	3,400
Deferred tax asset, uncertain tax position	2,200
Interest expenses (net of related deferred tax benefit)	1,300
Foreign earnings repatriated	18,000
Cash and cash equivalents	502,379	784,649
Foreign subsidiaries	132,500
Foreign earnings expected to be repatriated	7,300
Income tax paid, federal, after refund received	28,000
Income tax paid, foreign, after refund received	11,753
Income tax paid, state and local, after refund received	6,637
Income taxes paid, net	46,390	$ 37,994	$ 63,020
Investment Tax Credit Carryforward
Operating Loss Carryforwards [Line Items]
Tax credit carryforward	126,900
Tax credit carryforward, valuation allowance	109,700
Foreign Tax Jurisdiction
Operating Loss Carryforwards [Line Items]
Operating loss carryforwards, valuation allowance	51,000
NOLs and tax credit carryforwards	52,900
Reduction in valuation allowance	19,100
Foreign Tax Jurisdiction \| RLJ Entertainment
Operating Loss Carryforwards [Line Items]
Net operating loss carry forwards	72,300
Foreign Tax Jurisdiction \| Investment Tax Credit Carryforward
Operating Loss Carryforwards [Line Items]
Tax credit carryforward	49,800
Canada
Operating Loss Carryforwards [Line Items]
Income tax paid, foreign, after refund received	7,700
United States
Operating Loss Carryforwards [Line Items]
Net operating loss carry forwards	415,300
Operating loss carryforwards, valuation allowance	12,400
Purchase accounting adjustments	7,700
Massachusetts
Operating Loss Carryforwards [Line Items]
Income tax paid, state and local, after refund received	$ 2,500

Consolidated Balance Sheets - USD ($)	Dec. 31, 2025	Dec. 31, 2024
Current Assets:
Cash and cash equivalents	$ 502,379,000	$ 784,649,000
Accounts receivable, trade (less allowance for doubtful accounts of $11,523 and $9,468)	575,263,000	623,898,000
Prepaid expenses and other current assets	202,967,000	262,257,000
Total current assets	1,280,609,000	1,670,804,000
Property and equipment, net of accumulated depreciation of $409,991 and $458,396	115,978,000	143,036,000
Program rights, net	1,763,084,000	1,713,952,000
Intangible assets, net	184,803,000	216,478,000
Goodwill	166,809,000	246,304,000
Deferred tax assets, net	17,781,000	13,183,000
Operating lease right-of-use assets	72,545,000	58,390,000
Other assets	335,272,000	300,074,000
Total assets	3,936,881,000	4,362,221,000
Current Liabilities:
Accounts payable	94,742,000	88,570,000
Accrued liabilities	323,029,000	290,718,000
Current portion of program rights obligations	258,252,000	221,603,000
Deferred revenue	63,651,000	61,838,000
Current portion of long-term debt	11,068,000	7,500,000
Current portion of lease obligations	17,643,000	32,439,000
Total current liabilities	768,385,000	702,668,000
Program rights obligations	181,773,000	144,476,000
Long-term debt, net	1,741,225,000	2,328,719,000
Lease obligations	82,263,000	64,581,000
Deferred tax liabilities, net	108,164,000	121,302,000
Other liabilities	41,322,000	60,334,000
Total liabilities	2,923,132,000	3,422,080,000
Commitments and contingencies
Redeemable noncontrolling interests	0	55,881,000
Stockholders' equity:
Preferred stock, $0.01 par value, 45,000 shares authorized: none issued	0	0
Paid-in capital	429,902,000	437,860,000
Accumulated earnings	2,176,124,000	2,092,229,000
Treasury stock, at cost (35,516 and 34,094 shares Class A Common Stock, respectively)	(1,406,027,000)	(1,408,307,000)
Accumulated other comprehensive loss	(218,910,000)	(266,969,000)
Total AMC Networks stockholders' equity	981,871,000	855,595,000
Non-redeemable noncontrolling interests	31,878,000	28,665,000
Total stockholders' equity	1,013,749,000	884,260,000
Total liabilities and stockholders' equity	3,936,881,000	4,362,221,000
Class A Common Stock
Stockholders' equity:
Common stock	667,000	667,000
Class B Common Stock
Stockholders' equity:
Common stock	$ 115,000	$ 115,000

Income Taxes (Reconciliation Of Unrecognized Tax Benefits) (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2025 USD ($)
Unrecognized Tax Benefits [Roll Forward]
Beginning balance	$ 5,949
Increases related to current year tax positions	478
Increases related to prior year tax positions	1,678
Decreases related to prior year tax positions	(45)
Decreases due to settlements/payments	(834)
Decreases due to lapse of statute of limitations	(561)
Ending balance	$ 6,665

Program Rights and Obligations (Amortization of Owned and Licensed Program Rights) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Owned original program rights
Predominantly Monetized Individually	$ 20,449	$ 74,417	$ 154,523
Predominantly Monetized as a Group			282,954
Total			437,477
Licensed program rights
Predominantly Monetized Individually			3,162
Predominantly Monetized as a Group			465,519
Total			468,681
Predominantly Monetized Individually			157,685
Predominantly Monetized as a Group			748,473
Total			$ 906,158
Film, Monetized on Its Own, Amortization Expense, Statement of Income or Comprehensive Income [Extensible Enumeration]	Technical and operating (excluding depreciation and amortization)	Technical and operating (excluding depreciation and amortization)	Technical and operating (excluding depreciation and amortization)
Film, Monetized in Film Group, Amortization Expense, Statement of Income or Comprehensive Income [Extensible Enumeration]			Technical and operating (excluding depreciation and amortization)
Included in Technical and operating:
Owned original program rights
Predominantly Monetized as a Group	$ 364,211	$ 319,385
Total	384,660	393,802
Licensed program rights
Predominantly Monetized Individually	227	2,102
Predominantly Monetized as a Group	461,913	493,490
Total	462,140	495,592
Predominantly Monetized Individually	20,676	76,519
Predominantly Monetized as a Group	826,124	812,875
Total	$ 846,800	$ 889,394
Film, Monetized in Film Group, Amortization Expense, Statement of Income or Comprehensive Income [Extensible Enumeration]	Technical and operating (excluding depreciation and amortization)	Technical and operating (excluding depreciation and amortization)

Segment Information (Narrative) (Details) $ in Thousands	12 Months Ended
Segment Information (Narrative) (Details) $ in Thousands	Dec. 31, 2025 USD ($) segment	Dec. 31, 2024 USD ($)	Dec. 31, 2023 USD ($)
Segment Reporting Information [Line Items]
Number of operating segments \| segment	2
Revenues, net	$ 2,311,801	$ 2,421,314	$ 2,711,877
Customer Concentration Risk \| Revenue Benchmark \| Customer One
Segment Reporting Information [Line Items]
Concentration risk, percentage	18.00%	16.00%	13.00%
SVOD Services
Segment Reporting Information [Line Items]
Revenues, net	$ 677,000	$ 603,000	$ 565,600

- Definition

For an entity that discloses a concentration risk in relation to quantitative amount, which serves as the "benchmark" (or denominator) in the equation, this concept represents the concentration percentage derived from the division.

+ References + Details

- Definition

+ References

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+ Details

Leases

12 Months Ended

Dec. 31, 2025

Leases [Abstract]

Leases

The Company's leases consist of non-cancelable agreements for office space, and to a lesser extent, equipment leases for satellite transponders, which expire at various dates through 2033. Leases with an initial term of 12 months or less are not recorded on the balance sheet, instead the lease expense is recorded on a straight-line basis over the lease term. For lease agreements entered into, we combine lease and non-lease components. Some leases include options to extend the lease term or terminate the lease prior to the end of the lease term. The depreciable life of assets and leasehold improvements are limited by the expected lease term, unless there is a transfer of title or purchase option reasonably certain of exercise.

The leases generally provide for fixed annual rentals plus certain other costs or credits (e.g., tenant improvement allowance). Some leases include rental payments based on a percentage of revenue over contractual levels or based on an index or rate. Our lease agreements do not include any material residual value guarantees or material restrictive covenants.

Since the rate implicit in its leases is not readily determinable, the Company uses its incremental borrowing rate based on the information available at the lease commencement date to determine the present value of the lease payments.

In December 2025, the Company extended the lease of its corporate headquarters to September 2032, while also early terminating the portion of office space that the Company previously vacated in 2023. In connection with the amendment, the Company remeasured its lease liability and adjusted the associated right-of-use assets accordingly, which also resulted in a $3.4 million credit to restructuring and other related charges for the portion of office space that the Company previously vacated in 2023.

The following table summarizes the leases included in the consolidated balance sheets as follows:


		December 31,
(In thousands)	Balance Sheet Location	2025		2024
Assets
Operating	Operating lease right-of-use assets	$	72,545	$	58,390
Finance	Property and equipment, net	12,478		11,695
Total lease assets		$	85,023	$	70,085
Liabilities
Current:
Operating	Current portion of lease obligations	$	14,059	$	27,798
Finance	Current portion of lease obligations	3,584		4,641
		17,643		32,439
Noncurrent:
Operating	Lease obligations	70,037		51,929
Finance	Lease obligations	12,226		12,652
		82,263		64,581

Total lease liabilities		$	99,906	$	97,020

The following table summarizes the lease costs included in the consolidated statements of income (loss):


		December 31,
(In thousands)	Income Statement Location	2025		2024		2023
Operating lease costs	Selling, general and administrative expenses	$	22,808	$	22,955	$	26,681
Finance lease costs:
Amortization of leased assets	Depreciation and amortization	2,044		1,153		1,098
Interest on lease liabilities	Interest expense	904		1,188		1,714
Short term lease costs	Selling, general and administrative expenses	170		162		111
Variable lease costs	Selling, general and administrative expenses	2,316		2,492		2,315
Total lease costs		$	28,242	$	27,950	$	31,919

The following table summarizes the maturity of lease liabilities for operating and finance leases as of December 31, 2025:


(In thousands)	Operating Leases		Finance Leases		Total
2026	$	20,372	$	4,643	$	25,015
2027	12,639		3,611		16,250
2028	18,725		3,729		22,454
2029	15,589		1,959		17,548
2030	14,865		1,428		16,293
Thereafter	27,006		2,856		29,862
Total lease payments	109,196		18,226		127,422
Less: Interest	25,100		2,416		27,516
Present value of lease liabilities	$	84,096	$	15,810	$	99,906

The following table summarizes the weighted average remaining lease term and discount rate for operating and finance leases:


	December 31, 2025		December 31, 2024
Weighted average remaining lease term (years):
Operating leases	5.5		3.0
Finance leases	5.2		5.9
Weighted average discount rate:
Operating leases	7.8	%	5.1	%
Finance leases	6.0	%	6.2	%

The following table summarizes the supplemental cash paid for amounts in the measurement of lease liabilities:


	December 31,
(In thousands)	2025		2024		2023
Operating cash flows from operating leases	$	33,184	$	33,489	$	37,121
Operating cash flows from finance leases	904		1,188		1,586
Financing cash flows from finance leases	4,670		4,650		4,222

Leases

The following table summarizes the leases included in the consolidated balance sheets as follows:


		December 31,
(In thousands)	Balance Sheet Location	2025		2024
Assets
Operating	Operating lease right-of-use assets	$	72,545	$	58,390
Finance	Property and equipment, net	12,478		11,695
Total lease assets		$	85,023	$	70,085
Liabilities
Current:
Operating	Current portion of lease obligations	$	14,059	$	27,798
Finance	Current portion of lease obligations	3,584		4,641
		17,643		32,439
Noncurrent:
Operating	Lease obligations	70,037		51,929
Finance	Lease obligations	12,226		12,652
		82,263		64,581

Total lease liabilities		$	99,906	$	97,020

The following table summarizes the lease costs included in the consolidated statements of income (loss):


		December 31,
(In thousands)	Income Statement Location	2025		2024		2023
Operating lease costs	Selling, general and administrative expenses	$	22,808	$	22,955	$	26,681
Finance lease costs:
Amortization of leased assets	Depreciation and amortization	2,044		1,153		1,098
Interest on lease liabilities	Interest expense	904		1,188		1,714
Short term lease costs	Selling, general and administrative expenses	170		162		111
Variable lease costs	Selling, general and administrative expenses	2,316		2,492		2,315
Total lease costs		$	28,242	$	27,950	$	31,919

The following table summarizes the maturity of lease liabilities for operating and finance leases as of December 31, 2025:


(In thousands)	Operating Leases		Finance Leases		Total
2026	$	20,372	$	4,643	$	25,015
2027	12,639		3,611		16,250
2028	18,725		3,729		22,454
2029	15,589		1,959		17,548
2030	14,865		1,428		16,293
Thereafter	27,006		2,856		29,862
Total lease payments	109,196		18,226		127,422
Less: Interest	25,100		2,416		27,516
Present value of lease liabilities	$	84,096	$	15,810	$	99,906

The following table summarizes the weighted average remaining lease term and discount rate for operating and finance leases:


	December 31, 2025		December 31, 2024
Weighted average remaining lease term (years):
Operating leases	5.5		3.0
Finance leases	5.2		5.9
Weighted average discount rate:
Operating leases	7.8	%	5.1	%
Finance leases	6.0	%	6.2	%

The following table summarizes the supplemental cash paid for amounts in the measurement of lease liabilities:


	December 31,
(In thousands)	2025		2024		2023
Operating cash flows from operating leases	$	33,184	$	33,489	$	37,121
Operating cash flows from finance leases	904		1,188		1,586
Financing cash flows from finance leases	4,670		4,650		4,222

Redeemable Noncontrolling Interests (Tables)

12 Months Ended

Dec. 31, 2025

Noncontrolling Interest [Abstract]

Schedule of Redeemable Noncontrolling Interest

The activity reflected within redeemable noncontrolling interests for the years ended December 31, 2025, 2024 and 2023 is presented below.


(In thousands)	Redeemable Noncontrolling Interest
December 31, 2022	$	253,669
Net losses	(1,779)
Distributions	(66,593)

December 31, 2023	185,297
Net losses	(7,082)
Distributions	(12,039)


Adjustment to redemption fair value	22,594
Cash paid for purchase of noncontrolling interest	(42,000)
Transfer to Paid-in capital upon purchase of noncontrolling interest	(90,889)
December 31, 2024	55,881
Net earnings	4,619

Adjustment to redemption fair value	708
Cash paid for purchase of noncontrolling interest	(75,000)
Reduction of Paid-in capital upon purchase of noncontrolling interest	13,792
December 31, 2025	$	—

Property and Equipment (Narrative) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Property, Plant and Equipment [Abstract]
Depreciation and amortization expenses	$ 63.5	$ 64.1	$ 66.9

Redeemable Noncontrolling Interests

12 Months Ended

Dec. 31, 2025

Noncontrolling Interest [Abstract]

Redeemable Noncontrolling Interests

RLJ Entertainment

In connection with the 2018 acquisition of RLJ Entertainment, the terms of the operating agreement provided the noncontrolling member with a right to put all of its noncontrolling interest to a subsidiary of the Company at a future time, within ninety days following October 31, 2025, or earlier upon a change of control. The put option was exercisable at the greater of the then fair market value or enterprise value of RLJ Entertainment, (but not lower than the fair value of the initial equity interest at the closing date of the agreement), in each case pursuant to the operating agreement and applied to the equity interest.

On November 26, 2025, the Company acquired the remaining 17% of RLJ Entertainment that it had not previously owned for $75.0 million in cash, before the put option was exercised. Since the Company retained controlling financial interest, the transaction was accounted for as an equity transaction and therefore no gain or loss was recorded in the consolidated statements of income (loss), with the exception of indirect tax effects further described below. As a result, the carrying amount of the noncontrolling interest was reduced to zero, reflecting the Company's 100% ownership of RLJ Entertainment, and the $13.8 million difference between this reduction and the $75.0 million purchase price was recognized as a reduction of Paid-in capital on the consolidated balance sheets. The indirect tax effects associated with the transaction, reversing a previously recorded deferred tax liability, resulted in a $17.8 million tax benefit in the consolidated statements of income (loss).

BBC America

In 2014, the Company, through a wholly-owned subsidiary, acquired 49.9% of the limited liability company interests of New Video Channel America L.L.C, that owns the cable channel BBC AMERICA. In connection with the acquisition, the

terms of the agreement provide the BBC with a right to put all of its 50.1% noncontrolling interest to a subsidiary of the Company at the greater of the then fair value or the fair value of the initial equity interest at the closing date of the agreement. The put option is exercisable on the fifteenth and twenty-fifth anniversary of the joint venture agreement.

On November 1, 2024, the Company acquired the remaining 50.1% of the BBC America joint-venture that it had not previously owned from BBC Studios for $42.0 million in cash. Since the Company retained controlling financial interest, the transaction was accounted for as an equity transaction and therefore no gain or loss was recorded in the consolidated statements of income (loss). As a result, the carrying amount of the noncontrolling interest was reduced to zero, reflecting the Company's 100% ownership of the BBC America business, and the $90.9 million difference between this reduction and the $42.0 million purchase price was recognized in Paid-in capital on the consolidated balance sheets. The amount recorded in Paid-in capital was offset by $21.5 million of deferred taxes reflecting the difference between the existing noncontrolling interest and the tax basis (amount paid) as of the acquisition date. Additionally, in connection with the transaction, the Company terminated its prior program license agreement with BBC Studios, resulting in a significant reduction of contractual programming commitments. The Company entered into a new program license agreement with BBC Studios for $40.0 million, all of which was paid at closing.

Because exercise of these put rights was outside the Company's control, the noncontrolling interest in each entity were presented as redeemable noncontrolling interest outside of stockholders' equity on the Company's consolidated balance sheets, prior to the acquisitions of the remaining interests not previously owned.

The activity reflected within redeemable noncontrolling interests for the years ended December 31, 2025, 2024 and 2023 is presented below.


(In thousands)	Redeemable Noncontrolling Interest
December 31, 2022	$	253,669
Net losses	(1,779)
Distributions	(66,593)

December 31, 2023	185,297
Net losses	(7,082)
Distributions	(12,039)


Adjustment to redemption fair value	22,594
Cash paid for purchase of noncontrolling interest	(42,000)
Transfer to Paid-in capital upon purchase of noncontrolling interest	(90,889)
December 31, 2024	55,881
Net earnings	4,619

Adjustment to redemption fair value	708
Cash paid for purchase of noncontrolling interest	(75,000)
Reduction of Paid-in capital upon purchase of noncontrolling interest	13,792
December 31, 2025	$	—

Related Party Transactions	12 Months Ended
Related Party Transactions	Dec. 31, 2025
Related Party Transactions [Abstract]
Related Party Transactions	Related Party Transactions On June 30, 2011, Cablevision spun off the Company (the "Distribution") and the Company became an independent public company. At the time of the Distribution, both Cablevision and AMC Networks were controlled by Charles F. Dolan, certain members of his immediate family and certain family related entities (collectively the "Dolan Family"). Members of the Dolan Family, for purposes of Section 13(d) of the Securities Exchange Act of 1934, as amended, including trusts for the benefit of the Dolan Family, collectively beneficially own all of the Company's outstanding Class B Common Stock and own approximately 4% of the Company's outstanding Class A Common Stock. Such shares of the Company's Class A Common Stock and Class B Common Stock, collectively, represent approximately 79% of the aggregate voting power of the Company's outstanding common stock. Members of the Dolan Family are also the controlling stockholders of Sphere Entertainment Co. ("Sphere Entertainment"), Madison Square Garden Sports Corp. ("MSGS") and Madison Square Garden Entertainment Corp. ("MSGE"). The Company provides services to and receives services from Sphere Entertainment, MSGS and MSGE. From time to time the Company enters into arrangements with 605, LLC. James L. Dolan, the Non-Executive Chairman and a director of the Company, and his spouse, Kristin A. Dolan, the Chief Executive Officer of the Company and founder of 605, LLC, previously owned 100% of 605, LLC. Kristin A. Dolan also served as the Non-Executive Chairman of 605, LLC from February 2023 until September 2023, and served as its Chief Executive Officer from its inception in 2016 until February 2023. 605, LLC provides audience measurement and data analytics services to the Company and its subsidiaries pursuant to a Master Services Agreement dated February 8, 2019 (the “Master Services Agreement"). On September 13, 2023, 605, LLC was sold to iSpot.tv, and James L. Dolan and Kristin A. Dolan now hold a minority interest in iSpot.tv. As a result, from and after September 13, 2023, 605, LLC is no longer considered to be a related party. On August 1, 2022, the Audit Committee authorized the Company to enter into a Statement of Work for Strategic Analytic Services (the “Statement of Work”) with 605, LLC under the Master Services Agreement. Under the Statement of Work, 605, LLC was engaged in a strategic, research, market, business and financial assessment of the Company and its business, partnering with the Company’s management team. The term of the Statement of Work ran from August 1, 2022 to June 30, 2023. The fees paid to 605, LLC by the Company for these services were $10.5 million. The Company and its related parties routinely enter into transactions with each other in the ordinary course of business. Revenues, net from these transactions amounted to $4.8 million, $5.3 million and $5.2 million for the years ended December 31, 2025, 2024 and 2023, respectively. Amounts charged to the Company in connection with these transactions, included in selling, general and administrative expenses, amounted to $1.9 million, $1.1 million and $7.9 million for the years ended December 31, 2025, 2024 and 2023, respectively. Additionally, on September 2, 2025, the Company entered into a consulting agreement with MSG Networks Inc. ("MSG Networks") to provide certain advisory services to MSG Networks. Under this agreement, the Company recorded $0.7 million of income for the year ended December 31, 2025, which is recorded in Miscellaneous, net in the consolidated statements of income (loss).

- Definition

The entire disclosure for related party transactions. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 850
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483326/850-10-50-1

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
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-URI https://asc.fasb.org/1943274/2147480990/946-20-50-2

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
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Reference 4: http://www.xbrl.org/2003/role/disclosureRef
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Reference 5: http://www.xbrl.org/2003/role/disclosureRef
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Reference 6: http://www.xbrl.org/2003/role/disclosureRef
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Reference 7: http://www.xbrl.org/2003/role/disclosureRef
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Reference 8: http://www.xbrl.org/2003/role/disclosureRef
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Reference 9: http://www.xbrl.org/2003/role/disclosureRef
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Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 850
-Name Accounting Standards Codification
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-URI https://asc.fasb.org/850/tableOfContent

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 850
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-URI https://asc.fasb.org/1943274/2147483326/850-10-50-6

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
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-URI https://asc.fasb.org/1943274/2147483326/850-10-50-1

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 850
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-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483326/850-10-50-1

+ Details

Restructuring and Other Related Charges (Narrative) (Details) - USD ($) $ in Thousands	1 Months Ended	3 Months Ended	12 Months Ended
	Nov. 30, 2024	Dec. 31, 2025	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Restructuring Cost and Reserve [Line Items]
Restructuring and other related charges	$ 43,200		$ 26,536	$ 49,464	$ 27,787
Restructuring and other related impairment charges					11,600
Operating lease impairment charge					9,100
Impairment of leasehold improvements					2,500
Accrued restructuring and other related costs		$ 16,445	16,445	6,221	13,734
Corporate / Inter-segment Eliminations
Restructuring Cost and Reserve [Line Items]
Restructuring and other related charges			(600)	100	20,500
International
Restructuring Cost and Reserve [Line Items]
Restructuring and other related charges			17,500
Accrued liabilities
Restructuring Cost and Reserve [Line Items]
Accrued restructuring and other related costs		16,400	16,400	6,200
Severance and Employee-Related Costs
Restructuring Cost and Reserve [Line Items]
Restructuring and other related charges		11,900		5,300
Restructuring and related cost, expected cost remaining		5,000	5,000
Accrued restructuring and other related costs		$ 14,603	$ 14,603	4,884	$ 8,726
Content Impairments
Restructuring Cost and Reserve [Line Items]
Restructuring and other related charges				$ 44,200

Property and Equipment (Property, Plant, Equipment) (Details) - USD ($) $ in Thousands	Dec. 31, 2025	Dec. 31, 2024
Property, Plant and Equipment [Line Items]
Property and equipment	$ 525,969	$ 601,432
Accumulated depreciation and amortization	(409,991)	(458,396)
Property and equipment, net	115,978	143,036
Program, service and test equipment
Property, Plant and Equipment [Line Items]
Property and equipment	$ 323,527	371,994
Program, service and test equipment \| Minimum
Property, Plant and Equipment [Line Items]
Estimated Useful Lives	2 years
Program, service and test equipment \| Maximum
Property, Plant and Equipment [Line Items]
Estimated Useful Lives	5 years
Satellite equipment
Property, Plant and Equipment [Line Items]
Property and equipment	$ 46,885	43,340
Furniture and fixtures
Property, Plant and Equipment [Line Items]
Property and equipment	$ 11,101	11,639
Furniture and fixtures \| Minimum
Property, Plant and Equipment [Line Items]
Estimated Useful Lives	3 years
Furniture and fixtures \| Maximum
Property, Plant and Equipment [Line Items]
Estimated Useful Lives	8 years
Transmission equipment
Property, Plant and Equipment [Line Items]
Property and equipment	$ 11,387	29,750
Estimated Useful Lives	5 years
Leasehold improvements
Property, Plant and Equipment [Line Items]
Property and equipment	$ 133,069	$ 144,709

Goodwill and Other Intangible Assets (Schedule Of Goodwill) (Details) - USD ($) $ in Thousands	3 Months Ended		12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2025	Dec. 31, 2024
Goodwill [Roll Forward]
Beginning balance			$ 246,304	$ 626,496
Impairment charge	$ (68,000)		(93,384)	(370,698)
Foreign currency translation			13,889	(9,494)
Ending balance			166,809	246,304
Domestic Operations
Goodwill [Roll Forward]
Beginning balance			80,038	348,732
Impairment charge			0	(268,694)
Foreign currency translation			0	0
Ending balance			80,038	80,038
International
Goodwill [Roll Forward]
Beginning balance			166,266	277,764
Impairment charge		$ (1,900)	(93,384)	(102,004)
Foreign currency translation			13,889	(9,494)
Ending balance			$ 86,771	$ 166,266

- Definition

Amount, after accumulated impairment loss, of asset representing future economic benefit arising from other asset acquired in business combination or from joint venture formation or both, that is not individually identified and separately recognized.

+ References

Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 24
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-URI https://asc.fasb.org/1943274/2147482548/350-20-55-24

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Reference 5: http://www.xbrl.org/2003/role/exampleRef
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Reference 13: http://www.xbrl.org/2003/role/disclosureRef
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-URI https://asc.fasb.org/1943274/2147479581/805-30-50-4

+ Details

- Definition

Amount of impairment loss from asset representing future economic benefit arising from other asset acquired in business combination or from joint venture formation or both, that is not individually identified and separately recognized.

+ References + Details

Leases (Tables)

12 Months Ended

Dec. 31, 2025

Leases [Abstract]

Schedule of Leases Included in the Consolidated Balance Sheets

The following table summarizes the leases included in the consolidated balance sheets as follows:


		December 31,
(In thousands)	Balance Sheet Location	2025		2024
Assets
Operating	Operating lease right-of-use assets	$	72,545	$	58,390
Finance	Property and equipment, net	12,478		11,695
Total lease assets		$	85,023	$	70,085
Liabilities
Current:
Operating	Current portion of lease obligations	$	14,059	$	27,798
Finance	Current portion of lease obligations	3,584		4,641
		17,643		32,439
Noncurrent:
Operating	Lease obligations	70,037		51,929
Finance	Lease obligations	12,226		12,652
		82,263		64,581

Total lease liabilities		$	99,906	$	97,020

Schedule of Lease Costs

At December 31, 2025 and 2024, the gross amount of equipment and related accumulated amortization recorded under finance leases were as follows:


(In thousands)	December 31,
	2025		2024
Satellite equipment	$	46,885	$	43,340
Less accumulated amortization	(34,407)		(31,645)
	$	12,478	$	11,695

The following table summarizes the lease costs included in the consolidated statements of income (loss):


		December 31,
(In thousands)	Income Statement Location	2025		2024		2023
Operating lease costs	Selling, general and administrative expenses	$	22,808	$	22,955	$	26,681
Finance lease costs:
Amortization of leased assets	Depreciation and amortization	2,044		1,153		1,098
Interest on lease liabilities	Interest expense	904		1,188		1,714
Short term lease costs	Selling, general and administrative expenses	170		162		111
Variable lease costs	Selling, general and administrative expenses	2,316		2,492		2,315
Total lease costs		$	28,242	$	27,950	$	31,919

Schedule of Maturity of Lease Liabilities for Operating Leases

The following table summarizes the maturity of lease liabilities for operating and finance leases as of December 31, 2025:


(In thousands)	Operating Leases		Finance Leases		Total
2026	$	20,372	$	4,643	$	25,015
2027	12,639		3,611		16,250
2028	18,725		3,729		22,454
2029	15,589		1,959		17,548
2030	14,865		1,428		16,293
Thereafter	27,006		2,856		29,862
Total lease payments	109,196		18,226		127,422
Less: Interest	25,100		2,416		27,516
Present value of lease liabilities	$	84,096	$	15,810	$	99,906

Schedule of Maturity of Lease Liabilities for Financing Leases

The following table summarizes the maturity of lease liabilities for operating and finance leases as of December 31, 2025:


(In thousands)	Operating Leases		Finance Leases		Total
2026	$	20,372	$	4,643	$	25,015
2027	12,639		3,611		16,250
2028	18,725		3,729		22,454
2029	15,589		1,959		17,548
2030	14,865		1,428		16,293
Thereafter	27,006		2,856		29,862
Total lease payments	109,196		18,226		127,422
Less: Interest	25,100		2,416		27,516
Present value of lease liabilities	$	84,096	$	15,810	$	99,906

Schedule of Lease Information

The following table summarizes the weighted average remaining lease term and discount rate for operating and finance leases:


	December 31, 2025		December 31, 2024
Weighted average remaining lease term (years):
Operating leases	5.5		3.0
Finance leases	5.2		5.9
Weighted average discount rate:
Operating leases	7.8	%	5.1	%
Finance leases	6.0	%	6.2	%

Schedule of Supplemental Cash Paid for Amounts in the Measurement of Lease Liabilities

The following table summarizes the supplemental cash paid for amounts in the measurement of lease liabilities:


	December 31,
(In thousands)	2025		2024		2023
Operating cash flows from operating leases	$	33,184	$	33,489	$	37,121
Operating cash flows from finance leases	904		1,188		1,586
Financing cash flows from finance leases	4,670		4,650		4,222

Cash Flows

12 Months Ended

Dec. 31, 2025

Cash Flow, Noncash Investing and Financing Activities Disclosure [Abstract]

Cash Flows

The following table details the Company's non-cash investing and financing activities and other supplemental data:


(In thousands)	Years Ended December 31,
	2025		2024		2023
Non-Cash Investing and Financing Activities:

Operating lease additions	$	33,056	$	8,272	$	7,647
Finance lease additions	2,625		2,991		—

Capital expenditures incurred but not yet paid	1,310		1,765		974

Supplemental Data:
Cash interest paid	156,563		129,164		149,535

Summary of Significant Accounting Policies (Schedule of Stock by Class) (Details) - shares	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Class A Common Stock
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning Balance (in shares)	32,636,000	32,077,000	31,525,000
Employee and non-employee director stock transactions (in shares)	1,028,000	559,000	552,000
Share repurchases (in shares)	(2,449,000)	0	0
Ending Balance (in shares)	31,215,000	32,636,000	32,077,000
Class B Common Stock
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning Balance (in shares)	11,484,000	11,484,000	11,484,000
Employee and non-employee director stock transactions (in shares)	0	0	0
Share repurchases (in shares)	0
Ending Balance (in shares)	11,484,000	11,484,000	11,484,000

Revenue Recognition (Contract with Customer, Asset and Liability) (Details) - USD ($) $ in Thousands	Dec. 31, 2025	Dec. 31, 2024
Revenue from Contract with Customer [Abstract]
Accounts receivable (including long-term receivables, within Other assets)	$ 610,021	$ 674,631
Contract liabilities, short-term (Deferred revenue)	$ 63,651	$ 61,838

Summary of Significant Accounting Policies

12 Months Ended

Dec. 31, 2025

Accounting Policies [Abstract]

Summary of Significant Accounting Policies

Revenue Recognition

The Company primarily earns revenue from (i) the distribution of its programming services, through distributors and directly to consumers, (ii) advertising, and (iii) content licensing and other services. Revenue is recognized when, or as, performance obligations under the terms of a contract are satisfied, which generally occurs when, or as, control of the promised products or services is transferred to customers. Revenue is measured as the amount of consideration the Company expects to receive in exchange for transferring products or services to a customer. The Company’s revenue recognition policies associated with each major source of revenue from contracts with customers are described in Note 3.

Technical and Operating Expenses

Technical and operating expenses primarily consist of content expenses, such as amortization of program rights for original programming, feature films and licensed series, as well as participation and residual costs. The other components of technical and operating expenses primarily include distribution and production related costs and program operating costs including cost of delivery, such as origination, transmission, uplink and encryption.

Advertising Expenses

Advertising costs are charged to expense when incurred and are included in selling, general and administrative expenses in the consolidated statements of income (loss). Advertising costs were $287.2 million, $273.8 million and $241.5 million for the years ended December 31, 2025, 2024 and 2023, respectively.

Share-Based Compensation

The Company measures the cost of employee services received in exchange for an award of equity-based instruments based on the grant date fair value of the award, net of actual forfeitures. The cost is recognized in earnings over the period during which an employee is required to provide service in exchange for the award using a straight-line amortization method, except for restricted stock units granted to non-employee directors which vest 100%, and are expensed, at the date of grant. Share-based compensation expenses are included in selling, general and administrative expenses in the consolidated statements of income (loss).

Foreign Currency

The reporting currency of the Company is the U.S. dollar. The functional currency of most of the Company's international subsidiaries is the local currency. Assets and liabilities, including intercompany balances for which settlement is anticipated in the foreseeable future, are translated at exchange rates in effect at the balance sheet date. Foreign currency equity balances are translated at historical rates. Revenues and expenses denominated in foreign currencies are translated at average exchange rates for the respective periods. Foreign currency translation adjustments are recorded as a component of other comprehensive income in the consolidated statements of stockholders' equity.

Transactions denominated in currencies other than subsidiaries' functional currencies are recorded based on exchange rates at the time such transactions arise. Changes in exchange rates with respect to amounts recorded in the consolidated balance sheets related to these items will result in unrealized foreign currency transaction gains and losses based upon period-end exchange rates. The Company also records realized foreign currency transaction gains and losses upon settlement of the transactions. The Company recognized foreign currency transaction gains (losses) of $13.3 million, $(7.0) million and $8.4 million for the years ended December 31, 2025, 2024 and 2023, respectively, which are included in miscellaneous, net in the consolidated statements of income (loss).

Cash and Cash Equivalents

The Company's cash investments are placed with money market funds and financial institutions that are investment grade as rated by Standard & Poor's and Moody's Investors Service. The Company selects money market funds that predominantly invest in marketable, direct obligations issued or guaranteed by the U.S. government or its agencies, commercial paper, fully collateralized repurchase agreements, certificates of deposit, and time deposits.

The Company considers the balance of its investment in funds that hold securities that mature within three months or less from the date the fund purchases these securities to be cash equivalents. The carrying amount of cash and cash equivalents either approximates fair value due to the short-term maturity of these instruments or are at fair value.

Accounts Receivable, Trade

The Company periodically assesses the adequacy of valuation allowances for uncollectible accounts receivable using a forward looking expected loss model by evaluating the collectability of outstanding receivables and general factors such as length of time individual receivables are past due, historical collection experience, and the economic and competitive environment.

Program Rights

Rights to programming, including feature films and episodic series, acquired under license agreements are recorded as program rights and program obligations on the consolidated balance sheets at the contract value when the license period has begun, the cost of the program is known, and the program is available for airing. Owned original programming costs are recorded as program rights on the consolidated balance sheets as production costs are incurred.

We amortize capitalized film and television costs based on whether the content is predominantly monetized individually or as a group.

Substantially all of the Company's program rights are expected to be predominantly monetized on our networks and streaming services with other programming and are therefore considered monetized as a group. Licensed and owned original programming, including feature films and television series are amortized to technical and operating expense on a straight-line or accelerated basis based on viewership patterns on our streaming services and the projected program usage of the rights on our networks, over a period not to exceed the respective license periods.

The projected program usage is based on the Company's current expectation of future exhibitions taking into account historical usage and viewership patterns of similar content. The Company periodically reviews estimates of its projected program usage and viewership patterns and revises its assumptions if necessary, which could impact the timing of amortization expense. Any adjustments to the assumptions are applied prospectively in the period of the change.

For content that is predominantly monetized as a group, unamortized costs are tested for impairment whenever events or changes in circumstances indicate that the fair value of the group may be less than its unamortized costs. Groups are tested for impairment by comparing the present value of the discounted cash flows of the group to the aggregate unamortized costs of the group. If the unamortized costs exceed the present value of discounted cash flows, an impairment charge is recorded for the excess and allocated to individual titles within the group on a pro rata basis using the relative carrying value of the titles. Program rights with no future programming usefulness are substantially abandoned, resulting in the write-off of remaining unamortized cost.

To a lesser extent, certain program rights are expected to be predominantly monetized individually. These program rights are amortized to technical and operating expense over their estimated useful lives, commencing upon the first usage, based on attributable revenue to date as a percentage of total projected attributable revenue ("ultimate revenue") under the individual-film-forecast-computation method.

Ultimate revenues are estimated based on the levels of revenue generated from similar content in comparable markets, projected program usage, and the levels of historical and expected programming market acceptance. The Company periodically reviews its ultimate revenue estimates and revises its assumptions if necessary, which could impact the timing of amortization expense. Any adjustments are applied prospectively as of the beginning of the fiscal year of the change.

For content that is predominantly monetized on an individual basis, a television program or feature film is tested for impairment when events or circumstances indicate that its fair value may be less than its unamortized cost. Individual titles are tested for impairment by comparing the present value of the discounted cash flows of the title to the unamortized costs of the title. If the unamortized costs exceed the present value of discounted cash flows, an impairment charge is recorded for the excess. Program rights with no future programming usefulness are substantially abandoned, resulting in the write-off of remaining unamortized cost.

In the normal course of business, the Company may qualify for tax incentives through eligible spend on productions. These tax incentives generally provide for refundable or transferable tax credits upon meeting established levels of qualified production spending within a participating jurisdiction and may be received prior to or after completion of a production. Production tax incentives are included in prepaid and other current assets or other assets in the consolidated balance sheets, based on the timing of expected receipt, with a corresponding reduction to the cost basis of the Company’s programming assets when collection becomes probable, and reduces program rights amortization over the life of the title. Receivables related to tax incentives earned on production spend as of December 31, 2025 consisted of $125.3 million recorded in Prepaid expenses and other current assets and $95.0 million recorded in Other assets. Receivables related to tax incentives earned on production spend as of December 31, 2024 were $182.0 million recorded in Prepaid expenses and other current assets and $42.4 million recorded in Other assets.

Investments

The Company holds several investments in and loans to non-consolidated entities which are included in Other assets in the consolidated balance sheets.

Investments in which the Company has the ability to exercise significant influence but does not control and is not the primary beneficiary are equity method investments. Significant influence typically exists if the Company has a 20% to 50% ownership interest in a venture unless persuasive evidence to the contrary exists. Under this method of accounting, the Company records its proportionate share of the net earnings or losses of equity method investees and a corresponding increase or decrease to the investment balances. Cash payments to equity method investees such as additional investments and expenses incurred on behalf of investees as well as payments from equity method investees such as dividends and distributions are recorded as adjustments to investment balances. The Company applies the cumulative earnings approach

for determining the cash flow presentation of cash distributions received from equity method investees. Distributions received are included in the consolidated statements of cash flows as operating activities, unless the cumulative distributions (less distributions received in prior periods that were determined to be returns of investment) exceed the Company's portion of the cumulative equity in the net earnings of the equity method investment, in which case the excess distributions are deemed to be returns of the investment and are classified as investing activities in the consolidated statements of cash flows. The Company evaluates its equity method investments for impairment whenever events or changes in circumstances indicate that the carrying amounts of such investments may not be recoverable. Equity method investments were $94.8 million and $81.8 million at December 31, 2025 and 2024, respectively.

Investments in equity securities (excluding equity method investments) with readily determinable fair values are accounted for at fair value. Gains and losses related to equity securities are recorded in earnings as a component of miscellaneous, net, in the consolidated statements of income (loss). The Company did not have any equity securities with readily determinable fair values as of December 31, 2025 or 2024.

The Company classifies investments without readily determinable fair values that are not accounted for under the equity method as non-marketable equity securities. The accounting guidance requires non-marketable equity securities to be recorded at cost and adjusted to fair value at each reporting period. However, the guidance allows for a measurement alternative, which is to record the investments at cost, less impairment, if any, and subsequently adjust for observable price changes of identical or similar investments of the same issuer. The Company applies this measurement alternative to its non-marketable equity securities. When an observable event occurs, the Company estimates the fair values of its non-marketable equity securities based on Level 2 inputs that are derived from observable price changes of similar securities adjusted for insignificant differences in rights and obligations. The changes in value are recorded in miscellaneous, net in the consolidated statements of income (loss). Investments in non-marketable equity securities were $45.4 million and $43.9 million at December 31, 2025 and 2024, respectively.

Long-Lived Assets

Property and equipment are stated at cost. Equipment under finance leases is recorded at the present value of the total minimum lease payments. Depreciation is calculated on a straight-line basis over the estimated useful lives of the assets or, with respect to equipment under finance leases and leasehold improvements, amortized over the shorter of the lease term or the assets' useful lives and reported in depreciation and amortization in the consolidated statements of income (loss).

Amortizable intangible assets established in connection with business combinations primarily consist of affiliate and customer relationships, advertiser relationships and trade names. Amortizable intangible assets are amortized on a straight-line basis over their respective estimated useful lives.

The Company reviews its long-lived assets for impairment whenever events or circumstances indicate that the carrying amount of an asset group may not be recoverable. If the sum of the expected cash flows, undiscounted and without interest, is less than the carrying amount of the asset group, an impairment loss is recognized as the amount by which the carrying amount of the asset group exceeds its fair value. See Note 7 for further discussion regarding impairment tests of long-lived assets.

Goodwill and Indefinite-Lived Intangible Assets

Goodwill and identifiable intangible assets that have indefinite useful lives are not amortized, but instead are tested annually for impairment and upon the occurrence of certain events or substantive changes in circumstances.

Goodwill

The annual goodwill impairment test allows for the option to first assess qualitative factors to determine whether it is more likely than not that the fair value of a reporting unit is less than its carrying amount. An entity may choose to perform the qualitative assessment on none, some or all of its reporting units or an entity may bypass the qualitative assessment for any reporting unit and proceed directly to the quantitative impairment test. If it is determined, on the basis of qualitative factors, that the fair value of a reporting unit is, more likely than not, less than its carrying value, the quantitative impairment test is required. The quantitative impairment test consists of a comparison of the estimated fair value of the reporting unit with its carrying value. If the carrying value exceeds its fair value, an impairment loss is recognized in an amount equal to that excess, but not to exceed the carrying amount of goodwill.

Indefinite-Lived Intangible Assets

Indefinite-lived intangible assets established in connection with business combinations consist of trademarks. The annual indefinite-lived intangible asset impairment test allows for the option to first assess qualitative factors to determine whether it is more likely than not that the fair value is less than its carrying amount. If it is determined, on the basis of qualitative factors, that the fair value is, more likely than not, less than its carrying value, the quantitative impairment test is required. The

quantitative impairment test consists of a comparison of the estimated fair value of the intangible asset with its carrying value. If the carrying value exceeds its fair value, an impairment loss is recognized in an amount equal to that excess.

See Note 7 for further discussion regarding impairment tests of goodwill and indefinite-lived intangible assets.

Deferred Carriage Fees

Deferred carriage fees, included in other assets in the consolidated balance sheets, represent amounts principally paid to multichannel video programming distributors to obtain additional subscribers and/or guarantee carriage of certain programming services and are amortized as a reduction of revenue over the period of the related affiliation arrangement.

Derivative Financial Instruments

The Company's derivative financial instruments are recorded as either assets or liabilities in the consolidated balance sheets based on their fair values. Embedded derivative financial instruments which are clearly and closely related to the host contracts are not accounted for on a stand-alone basis. Changes in the fair values are reported in earnings or other comprehensive income depending on the use of the derivative and whether it qualifies for hedge accounting. Derivative instruments are designated and accounted for as either a hedge of a recognized asset or liability (fair value hedge) or a hedge of a forecasted transaction (cash flow hedge). For derivatives not designated as hedges, changes in fair values are recognized in earnings and included in miscellaneous, net, for foreign currency and other derivative contracts. For derivatives designated as effective cash flow hedges, changes in fair values are recognized in other comprehensive income (loss). Changes in fair values related to fair value hedges as well as the ineffective portion of cash flow hedges are recognized in earnings. Changes in the fair value of the underlying hedged item of a fair value hedge are also recognized in earnings. See Note 11 for a further discussion of the Company's derivative financial instruments.

Income Taxes

The Company's provision for income taxes is based on current period income, changes in deferred tax assets and liabilities and estimates with regard to the liability for unrecognized tax benefits resulting from uncertain tax positions. Deferred tax assets are evaluated quarterly for expected future realization and reduced by a valuation allowance to the extent management believes it is more likely than not that a portion will not be realized. The Company provides deferred taxes for the outside basis difference for its investment in partnerships and uses the deferral method to recognize the income tax benefit from investment tax credits. Global intangible low-taxed income (“GILTI”) tax is treated as a period expense. Interest and penalties, if any, associated with uncertain tax positions are included in income tax expense.

Commitments and Contingencies

Liabilities for loss contingencies arising from claims, assessments, litigation, fines and penalties and other sources are recorded when it is probable that a liability has been incurred and the amount of the contingency can be reasonably estimated. See Note 14 for further discussion regarding commitments and contingencies.

Concentration of Credit Risk

Financial instruments that potentially subject the Company to a concentration of credit risk consist primarily of cash and cash equivalents and trade accounts receivable. Cash is invested in money market funds and bank time deposits. The Company monitors the financial institutions and money market funds where it invests its cash and cash equivalents with diversification among counterparties to mitigate exposure to any single financial institution. The Company's emphasis is primarily on safety of principal and liquidity and secondarily on maximizing the yield on its investments. As of December 31, 2025, two customers accounted for 13% and 10% of accounts receivable (short and long-term), and as of December 31, 2024, one customer accounted for 13% of accounts receivable (short and long-term).

Redeemable Noncontrolling Interests

Noncontrolling interest with redemption features, such as put options, that are not solely within the Company's control are considered redeemable noncontrolling interests. Redeemable noncontrolling interests are considered to be temporary equity and are reported in the mezzanine section between total liabilities and stockholders' equity in the Company's consolidated balance sheets at the greater of their initial carrying amount, increased or decreased for contributions, distributions and the noncontrolling interest's share of net income or loss, or an amount reflecting the accretion of changes in the redemption value to the earliest redemption date.

Net Income (Loss) per Share


(In thousands)	Years Ended December 31,
	2025		2024		2023
Net income (loss) attributable to AMC Networks' stockholders used for basic net income (loss) per share	$	89,400	$	(226,546)	$	215,464
Add: Convertible Notes interest expense, net of tax	4,582		—		—
Net income (loss) attributable to AMC Networks' stockholders used for diluted net income (loss) per share	$	93,982	$	(226,546)	$	215,464


Basic weighted average shares outstanding	44,420		44,438		43,827
Effect of dilution:
Restricted stock units	884		—		164
Convertible Notes	11,286		—		—
Diluted weighted average shares outstanding	56,590		44,438		43,991

Net income (loss) per share attributable to AMC Networks' stockholders:
Basic	$	2.01	$	(5.10)	$	4.92
Diluted	$	1.66	$	(5.10)	$	4.90

For the year ended December 31, 2025, no restricted stock units have been excluded from the diluted weighted average common shares outstanding due to their impact being anti-dilutive.

For the year ended December 31, 2024, all 3.4 million of our restricted stock units and the weighted average impact of 11.3 million common shares related to the assumed conversion of the Company's Convertible Notes were excluded from the calculation of diluted net income (loss) per share because their inclusion would have been anti-dilutive since we reported a net loss.

For the year ended December 31, 2023, 0.5 million of restricted stock units have been excluded from the diluted weighted average common shares outstanding, as their impact would have been anti-dilutive.

Common Stock of AMC Networks

Each holder of AMC Networks Class A Common Stock has one vote per share while holders of AMC Networks Class B Common Stock have ten votes per share. AMC Networks Class B shares can be converted to AMC Networks Class A Common Stock at any time with a conversion ratio of one AMC Networks Class A common share for one AMC Networks Class B common share. The AMC Networks Class A stockholders are entitled to elect at least 25% of the Company's Board of Directors. AMC Networks Class B stockholders have the right to elect the remaining members of the Company's Board of Directors. In addition, the members of the Dolan Family Group are parties to a stockholders agreement (the "Stockholders Agreement") that has the effect of causing the voting power of certain holders of our Class B Common Stock to be cast as a block on all matters to be voted on by holders of Class B Common Stock. Under the Stockholders Agreement, the shares of Class B Common Stock owned by members of the Dolan Family Group are to be voted on all matters in accordance with the determination of the Dolan Family Committee. However, the decisions of the Dolan Family Committee are non-binding with respect to the Class B Common Stock owned by certain Dolan family trusts which collectively own 83% of the outstanding Class B Common Stock.

Stock Repurchase Program

The Company's Board of Directors previously authorized a program to repurchase up to $1.5 billion of its outstanding shares of Class A Common Stock (the "Stock Repurchase Program"). The Stock Repurchase Program has no pre-established termination date and may be suspended or discontinued at any time. For the year ended December 31, 2025, the Company repurchased 2.4 million shares of its Class A Common Stock at an average purchase price of $7.29 for aggregate consideration of $18.0 million. For the years ended December 31, 2024 and 2023, the Company did not repurchase any shares of its Class A

Common Stock. As of December 31, 2025, the Company had $117.4 million of authorization remaining for repurchase under the Stock Repurchase Program.

The following table summarizes common stock share activity for all years presented:


	Shares Outstanding
(In thousands)	Class A Common Stock	Class B Common Stock
Balance at December 31, 2022	31,525	11,484

Employee and non-employee director stock transactions*	552	—
Balance at December 31, 2023	32,077	11,484
Employee and non-employee director stock transactions*	559	—
Balance at December 31, 2024	32,636	11,484
Share repurchases	(2,449)	—
Employee and non-employee director stock transactions*	1,028	—
Balance at December 31, 2025	31,215	11,484

Recently Adopted Accounting Standards

In December 2023, the Financial Accounting Standards Board ("FASB") issued guidance that is intended to enhance the transparency and decision usefulness of income tax information through improvements to income tax disclosures primarily related to the rate reconciliation and income taxes paid information. The Company incorporated the required disclosure updates in these 2025 annual financial statements on a prospective basis.

Recently Issued Accounting Standards

In December 2025, the FASB issued guidance on the recognition, measurement, and presentation of government grants. Under the new guidance, government grants are recognized when it is probable that the entity will comply with the conditions of the grant and the grant will be received. The guidance provides accounting models for grants related to assets and grants related to income, including a requirement to recognize a grant related to an asset as the business entity incurs the related costs for which the grant is intended to compensate, either as deferred income or an adjustment to the cost basis of the asset. The guidance also requires disclosures regarding the nature of the government grant received, the accounting policies used to account for the grant, and significant terms and conditions of the grant. The new guidance will be effective January 1, 2029 with early adoption permitted. The Company is currently evaluating the impact of adopting the new guidance.

In December 2025, the FASB issued guidance that clarifies the applicability of Topic 270 (Interim Reporting), the types of interim reporting, and the form and content of interim financial statements in accordance with GAAP. The new guidance provides a comprehensive list of required interim disclosures and includes a disclosure principle that requires entities to disclose events since the end of the last annual reporting period that have a material impact on the entity. The new guidance will be effective January 1, 2028, with early adoption permitted. The Company is currently evaluating the impact of adopting the new guidance.

In September 2025, the FASB issued guidance to simplify the capitalization of costs to develop software for internal use by eliminating the consideration of software development project stages. Instead, costs will be capitalized when management has authorized and committed to funding the project and it is probable that the project will be completed and the software will be used to perform its intended function. The new guidance will be effective January 1, 2028 and can be applied prospectively, retrospectively, or with a modified prospective approach. The Company does not expect the adoption of this standard will have a material impact on its consolidated financial statements.

In July 2025, the FASB issued guidance that provides a practical expedient for estimating credit losses for current accounts receivable and current contract assets arising from transactions accounted for under Accounting Standards Codification 606, Revenue from Contracts with Customers. Under the new standard, in lieu of developing forecasts of future economic conditions, entities can elect a practical expedient that assumes the current conditions as of the balance sheet date remain consistent for the remaining life of the asset. The new guidance became effective January 1, 2026 and is to be applied prospectively, with early adoption permitted. The Company does not expect that adoption of this standard will have a material impact on its consolidated financial statements.

In November 2024, the FASB issued guidance that is intended to provide investors more detailed disclosures around specific types of expenses in the notes to the financial statements for interim and annual reporting periods. The Company will incorporate the required disclosure updates for the 2027 annual financial statements.

Program Rights and Obligations (Program Rights by Predominant Monetization Strategy) (Details) - USD ($) $ in Thousands	Dec. 31, 2025	Dec. 31, 2024
Predominantly Monetized Individually
Completed	$ 44,258	$ 65,129
In-production and in-development	0	0
Total owned original program rights, net	44,258	65,129
Licensed film and acquired series	0	261
Licensed originals	0	0
Advances and other production costs	0	0
Total licensed program rights, net	0	261
Program rights, net	44,258	65,390
Predominantly Monetized as a Group
Completed	597,009	647,632
In-production and in-development	333,568	222,660
Total owned original program rights, net	930,577	870,292
Licensed film and acquired series	593,491	543,396
Licensed originals	141,243	147,245
Advances and other production costs	57,045	90,318
Total licensed program rights, net	791,779	780,959
Program rights, net	1,722,356	1,651,251
Total
Completed	641,267	712,761
In-production and in-development	333,568	222,660
Total owned original program rights, net	974,835	935,421
Licensed film and acquired series	593,491	543,657
Licensed originals	141,243	147,245
Advances and other production costs	57,045	90,318
Total licensed program rights, net	791,779	781,220
Program rights, net	1,766,614	1,716,641
Current portion of program rights, net	3,530	2,689
Program rights, net (long-term)	$ 1,763,084	$ 1,713,952

Goodwill and Other Intangible Assets

12 Months Ended

Dec. 31, 2025

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Other Intangible Assets

The carrying amount of goodwill, by operating segment is as follows:


(In thousands)	Domestic Operations		International		Total
December 31, 2023	$	348,732	$	277,764	$	626,496

Impairment charge	(268,694)		(102,004)		(370,698)


Foreign currency translation	—		(9,494)		(9,494)
December 31, 2024	80,038		166,266		246,304


Impairment charge	—		(93,384)		(93,384)
Foreign currency translation	—		13,889		13,889
December 31, 2025	$	80,038	$	86,771	$	166,809

As of December 31, 2025, accumulated impairment charges totaled $649.6 million, with $268.7 million attributed to the Domestic Operations operating segment and $380.9 million attributed to the International operating segment. As of December 31, 2024, accumulated impairment charges totaled $556.2 million, with $268.7 million attributed to the Domestic Operations operating segment and $287.5 million attributed to the International operating segment. The amounts attributed to the International operating segment are inclusive of the 25/7 Media impairment charges recorded in 2023 prior to the divestiture of that business in December 2023.

Impairment Test of Goodwill

Goodwill is not amortized, but instead is tested for impairment at the reporting unit level annually as of December 1, or more frequently upon the occurrence of certain events or substantive changes in circumstances.

As of December 1, 2025, the Company performed a quantitative assessment for all of its reporting units. Based on the valuations performed, the Company concluded that the estimated fair value of the AMCNI reporting unit declined to less than its carrying amount. The decrease in the estimated fair value reflects current and expected trends across the media industry, including continued softness across the international television broadcasting markets resulting in lower expected future cash flows incorporated into the fourth quarter preparation of the Company's budget and long-range plan, as well as a decrease in the valuation multiples used to estimate fair value using the market approach. As a result, the Company recognized an impairment charge of $93.4 million related to the AMCNI reporting unit, included in Impairment and other charges in the consolidated statements of income (loss). For the Domestic Operations reporting unit, the Company concluded that the estimated fair value of the reporting unit exceeded its respective carrying value by 6%, and therefore no impairment charge was required. The fair value estimate for the Domestic Operations reporting unit is sensitive to assumptions regarding future growth rates and the weighted-average cost of capital ("WACC"). A decrease in the expected annual growth rate or an increase in the WACC would make it reasonably possible that the Company could record an impairment charge in future periods.

As of December 1, 2024, the Company performed a quantitative assessment for all of its reporting units. Based on the valuations performed, the Company concluded that the estimated fair value of the Domestic Operations and AMCNI reporting units declined to less than their carrying amounts. The decrease in the estimated fair values reflect current and expected trends across the media industry, including continued softness in the domestic linear marketplace and across the international television broadcasting markets resulting in lower expected future cash flows, as well as a decrease in the valuation multiples used to estimate the fair values using the market approach for the Domestic Operations reporting unit. As a result, the Company recognized impairment charges of $268.7 million and $34.0 million related to the Domestic Operations and AMCNI reporting units, respectively, included in Impairment and other charges in the consolidated statements of income (loss).

Additionally, during the second quarter of 2024, the Company determined that a triggering event had occurred with respect to the Company's decline in stock price, which required an interim goodwill impairment test to be performed. Accordingly, the Company performed quantitative assessments for all reporting units. Based on the valuations performed, the Company concluded that the estimated fair value of the AMCNI reporting unit declined to less than its carrying amount. As a result, the Company recognized an impairment charge of $68.0 million related to the AMCNI reporting unit, included in Impairment and other charges in the consolidated statements of income (loss).

As of December 1, 2023, the Company performed a quantitative assessment for all of its reporting units. Based on the valuations performed, the Company concluded that the estimated fair value of the 25/7 Media reporting unit further declined from the interim assessment performed (as described below). The decrease in the estimated fair value reflected the continued decline in market conditions and business outlook and contemplation of concurrent negotiations with the noncontrolling interest holders for the sale of the Company's remaining interest. As a result, the Company recognized an impairment charge of $19.8 million related to the 25/7 Media reporting unit, reflecting a write-down of substantially all of the goodwill associated with the 25/7 Media reporting unit. The remaining $2.4 million of goodwill was eliminated upon the sale of the Company's remaining interest. The impairment charge was included in Impairment and other charges in the consolidated statements of income (loss), within the International operating segment. No impairment charges were required for any of the Company's other reporting units.

During the second quarter of 2023, the Company determined that a triggering event had occurred with respect to the 25/7 Media reporting unit in the International segment, which required an interim goodwill impairment test to be performed. Accordingly, the Company performed a quantitative assessment using an income approach, specifically a DCF, and a market comparables approach. Based on the valuations performed, a $1.9 million goodwill impairment charge was recorded, which is included in Impairment and other charges in the consolidated statements of income (loss), within the International operating segment.

The fair values outlined above were all determined using a combination of an income approach, using a DCF, and a market comparables approach. The DCF model includes significant assumptions about revenue growth rates, long-term growth rates and enterprise specific discount rates. Additionally, the market comparables approach is determined using guideline company valuation multiples. Given the uncertainty in determining assumptions underlying the DCF approach, actual results may differ from those used in the valuations.

The determination of fair value of the Company's reporting units represents a Level 3 fair value measurement in the fair value hierarchy due to its use of internal projections and unobservable measurement inputs. Changes in significant judgments and estimates could significantly impact the concluded fair value of the reporting unit. Changes to assumptions that would decrease the fair value of the reporting unit would result in corresponding increases to the impairment of goodwill at the reporting unit.

The following table summarizes information relating to the Company's identifiable intangible assets:


(In thousands)	December 31, 2025							Estimated Useful Lives
	Gross		Accumulated Amortization			Net
Amortizable intangible assets:
Affiliate and customer relationships	$	628,790	$	(498,146)		$	130,644	6 to 25 years
Advertiser relationships	46,282		(46,282)			—		11 years
Trade names and other amortizable intangible assets	91,966		(53,307)			38,659		3 to 20 years

Total amortizable intangible assets	767,038		(597,735)			169,303
Indefinite-lived intangible assets:
Trademarks	19,900		(4,400)		(1)	15,500
Total intangible assets	$	786,938	$	(602,135)		$	184,803
(1) Related to an impairment charge recorded on the Company's SundanceTV trademarks.

(In thousands)	December 31, 2024
	Gross		Accumulated Amortization			Net
Amortizable intangible assets:
Affiliate and customer relationships	$	610,048	$	(456,052)		$	153,996
Advertiser relationships	46,282		(46,282)			—
Trade names and other amortizable intangible assets	88,751		(46,169)			42,582

Total amortizable intangible assets	745,081		(548,503)			196,578
Indefinite-lived intangible assets:
Trademarks	19,900		—			19,900
Total intangible assets	$	764,981	$	(548,503)		$	216,478

Excluding impairment charges (as described below), aggregate amortization expense for amortizable intangible assets for the years ended December 31, 2025, 2024 and 2023 was $31.0 million, $33.9 million and $40.5 million, respectively.

Estimated aggregate amortization expense for intangible assets subject to amortization for each of the following five years is:


(In thousands)
Years Ending December 31,
2026	$	30,355
2027	25,295
2028	23,217
2029	19,897
2030	19,887

Impairment Test of Identifiable Indefinite-Lived Intangible Assets

As of December 1, 2025, the Company performed a quantitative assessment for its indefinite-lived intangible assets. Based on the annual impairment test performed, the Company recorded a $4.4 million impairment charge in its Domestic Operations operating segment related to its SundanceTV trademarks, which were valued using a relief-from-royalty method in which the expected benefits are valued by discounting estimated royalty revenue relating to projected revenues covered by the trademarks.

Significant judgments inherent in estimating the fair value of indefinite-lived intangible assets include the selection of appropriate discount and royalty rates, estimating the amount and timing of future revenues and identification of appropriate continuing growth rate assumptions. The discount rates used in the analysis are intended to reflect the risk inherent in the projected future cash flows generated by the respective intangible assets.

Impairment Test of Long-Lived Assets

During 2024 and 2023, the Company recorded long-lived assets impairment charges for partially owned consolidated subsidiaries, BBCA and 25/7 Media, of $71.6 million and $23.0 million, respectively. No impairment charges for long-lived assets were required in 2025.

BBCA

During the second quarter of 2024, given continued market challenges and linear declines, the Company determined that sufficient indicators of potential impairment of long-lived assets existed at BBCA, and concluded that the carrying amount of the BBCA asset group was not recoverable. The carrying value of the BBCA asset group exceeded its fair value, and accordingly an impairment charge of $15.7 million was recorded for identifiable intangible assets and $13.5 million for other long-lived assets, which is included in Impairment and other charges in the consolidated statements of income (loss) within the Domestic Operations operating segment. Fair values were determined using a market approach.

During the fourth quarter of 2023, given continued market challenges and linear declines, the Company revised its outlook for its BBCA linear programming network, resulting in lower expected future cash flows. As a result, the Company determined that sufficient indicators of potential impairment of long-lived assets existed at BBCA. The Company performed a recoverability test and determined that the carrying amount of the BBCA asset group was not recoverable. The carrying value of the asset group exceeded its fair value, therefore an impairment charge of $42.4 million was recorded for identifiable intangible assets and other long-lived assets, which is included in Impairment and other charges in the consolidated statements of income (loss) within the Domestic Operations operating segment. Fair values used to determine the impairment charge were determined using an income approach, specifically a DCF model. The DCF model includes significant assumptions about revenue growth rates, long-term growth rates and enterprise specific discount rates. Given the uncertainty in determining assumptions underlying the DCF approach, actual results may differ from those used in the valuations.

25/7 Media

During the second quarter of 2023, given the impact of market challenges at 25/7 Media, specifically relating to reduced demand for new content and series cancellations from third parties, the Company revised its outlook for the 25/7 Media production services business, resulting in lower expected future cash flows. As a result, the Company determined that sufficient indicators of potential impairment of long-lived assets existed at 25/7 Media. The Company performed a recoverability test and determined that the carrying amount of the 25/7 Media asset group was not recoverable. The carrying value of the asset group exceeded its fair value, therefore an impairment charge of $23.0 million was recorded for identifiable intangible assets, which is included in Impairment and other charges in the consolidated statements of income (loss) within the International operating segment. Fair values used to determine the impairment charge were determined using an income approach, specifically a DCF model, and a market comparables approach. The DCF model includes significant assumptions about revenue growth rates, long-term growth rates and enterprise specific discount rates. Given the uncertainty in determining assumptions underlying the DCF approach, actual results may differ from those used in the valuations.

Income Taxes (Deferred Tax Assets Valuation Allowance) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
SEC Schedule, 12-09, Movement in Valuation Allowances and Reserves [Roll Forward]
Balance at Beginning of Period	$ 9,468	$ 9,488	$ 8,725
Charged (credited) to expense	4,546	2,230	2,503
Balance at End of Period	11,523	9,468	9,488
Deferred Tax Assets - Valuation Allowance
SEC Schedule, 12-09, Movement in Valuation Allowances and Reserves [Roll Forward]
Balance at Beginning of Period	127,563	135,742
Charged (credited) to expense	11,048	(8,160)
Other	3,757	(19)
Balance at End of Period	$ 142,368	$ 127,563	$ 135,742

Derivative Financial Instruments (Fair Value of Derivative Instruments Included in Balance Sheets) (Details) - Derivatives not designated as hedging instruments - Foreign currency derivatives - USD ($) $ in Thousands	Dec. 31, 2025	Dec. 31, 2024
Prepaid expenses and other current assets
Derivatives not designated as hedging instruments:
Foreign currency derivative assets	$ 2,736	$ 944
Other assets
Derivatives not designated as hedging instruments:
Foreign currency derivative assets	6,795	3,945
Accrued liabilities
Derivatives not designated as hedging instruments:
Foreign currency derivative liabilities	1,993	945
Other liabilities
Derivatives not designated as hedging instruments:
Foreign currency derivative liabilities	$ 4,408	$ 1,385

Fair Value Measurement (Financial Assets and Liabilities Measured at Fair Value on a Recurring Basis) (Details) - USD ($) $ in Thousands	Dec. 31, 2025	Dec. 31, 2024
Assets:
Cash equivalents	$ 85,176	$ 250,841
Foreign currency derivatives	9,531	4,889
Liabilities:
Foreign currency derivatives	6,401	2,330
Level I
Assets:
Cash equivalents	85,176	250,841
Foreign currency derivatives	0	0
Liabilities:
Foreign currency derivatives	0	0
Level II
Assets:
Cash equivalents	0	0
Foreign currency derivatives	9,531	4,889
Liabilities:
Foreign currency derivatives	6,401	2,330
Level III
Assets:
Cash equivalents	0	0
Foreign currency derivatives	0	0
Liabilities:
Foreign currency derivatives	$ 0	$ 0