AMC Networks (NASDAQ: AMCX) stock has fallen more than 20% in the last year, but the company's interim CEO isn't worried -- and patient investors shouldn't be, either. Here's why the entertainment company's venture into streaming looks incredibly promising.
After years of Netflix monopolizing the market its founders essentially created, several major studios and networks are looking to carve out their space in the $372 billion industry. AMC Networks has done just that with its promising streaming platform AMC+, as well as several others. These lesser-known streaming sites could push their parent company's stock to new levels -- provided investors can wait for that to happen.
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For further details see:
Why AMC Networks' Streaming Service Could Pay Off in the Long Run