0000000000-18-026008.txt : 20181207 0000000000-18-026008.hdr.sgml : 20181207 20180821160203 ACCESSION NUMBER: 0000000000-18-026008 CONFORMED SUBMISSION TYPE: UPLOAD PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 20180821 FILED FOR: COMPANY DATA: COMPANY CONFORMED NAME: AMC Networks Inc. CENTRAL INDEX KEY: 0001514991 STANDARD INDUSTRIAL CLASSIFICATION: CABLE & OTHER PAY TELEVISION SERVICES [4841] IRS NUMBER: 275403694 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: UPLOAD BUSINESS ADDRESS: STREET 1: 11 PENN PLAZA CITY: NEW YORK STATE: NY ZIP: 10001 BUSINESS PHONE: (212) 324-8500 MAIL ADDRESS: STREET 1: 11 PENN PLAZA CITY: NEW YORK STATE: NY ZIP: 10001 PUBLIC REFERENCE ACCESSION NUMBER: 0001514991-18-000004 LETTER 1 filename1.pdf begin 644 filename1.pdf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TEXT-EXTRACT 2 filename2.txt August 21, 2018 Sean Sullivan Executive Vice President and Chief Financial Officer AMC Networks Inc. 11 Penn Plaza New York, NY 10001 Re: AMC Networks Inc. Form 10-K for the Fiscal Year Ended December 31, 2017 Filed March 1, 2018 Form 10-Q for the Quarterly Period Ended June 30, 2018 Filed August 2, 2018 File No. 001-35106 Dear Mr. Sullivan: We have limited our review of your filing to the financial statements and related disclosures and have the following comments. In some of our comments, we may ask you to provide us with information so we may better understand your disclosure. Please respond to these comments within ten business days by providing the requested information or advise us as soon as possible when you will respond. If you do not believe our comments apply to your facts and circumstances, please tell us why in your response. After reviewing your response to these comments, we may have additional comments. Form 10-Q for the Quarterly Period Ended June 30, 2018 Content licensing revenue, page 7 1. Please provide us your analysis regarding identifying performance obligations in your content licensing arrangements. Tell us if these arrangements contain content libraries and, if so, how you have considered whether existing content and new content represent separate performance obligations. In addition, please clarify how you have considered judgments in determining both amounts allocated to and the timing of satisfaction of the related performance obligations. Refer to ASC 606-10-50-12 and ASC 606-10-50-17. Sean Sullivan AMC Networks Inc. August 21, 2018 Page 2 Subscription fee revenue, page 7 2. Please help us better understand the nature of services transferred to your customers within your affiliation agreements. Tell us if you have combined any services for the purposes of determining your performance obligations. Specifically address whether these arrangements contain a video-on-demand library. Please also describe the judgement used in determining both the timing of satisfaction and amounts allocated to each performance obligation. Refer to 606-10-50-12 and 606-10-50-17. 3. Please tell us your basis for recognizing revenue related to your fixed fee affiliation agreements based on the invoiced amount or on a straight-line basis. In this regard, tell us if you believe these arrangements contain a functional license of intellectual property. Note 2. Revenue Recognition Advertising, page 8 4. We note certain advertising contracts have guarantees of audience member views. We also note your disclosure at the bottom of page 8 that a portion of the related revenue is deferred if the guaranteed ratings are not met. Please clarify if these guarantees are treated as variable consideration in determining your transaction price. Refer to ASC 606- 10-32-5 and 606-10-50-20. In closing, we remind you that the company and its management are responsible for the accuracy and adequacy of their disclosures, notwithstanding any review, comments, action or absence of action by the staff. You may contact Inessa Kessman, Senior Staff Accountant at 202-551-3371 or Carlos Pacho, Senior Assistant Chief Accountant at 202-551-3835 with any questions. FirstName LastNameSean Sullivan Sincerely, Comapany NameAMC Networks Inc. Division of Corporation Finance August 21, 2018 Page 2 Office of Telecommunications FirstName LastName