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AMC's Dan McDermott Extends Contract Amid Streaming Shift

11/22/2025

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Summary

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Dan McDermott, AMC Networks Chief Content Officer, will extend his contract through 2028, per an SEC filing.
His base salary is $1.625 million annually, with cash grants and equity awards totaling about $1.6 million.
AMC Networks faces cord-cutting and declining TV viewership, prompting a shift to streaming via Shudder and AMC+.
McDermott helped develop the Anne Rice and Walking Dead universes, and previously held roles at Lionsgate-BBC Studios and DreamWorks.

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Story summary

Dan McDermott, AMC Networks Chief Content Officer, will extend his contract through 2028, per an SEC filing.
His base salary is $1.625 million annually, with cash grants and equity awards totaling about $1.6 million.
AMC Networks faces cord-cutting and declining TV viewership, prompting a shift to streaming via Shudder and AMC+.
McDermott helped develop the Anne Rice and Walking Dead universes, and previously held roles at Lionsgate-BBC Studios and DreamWorks.