AMC Global Media to Pay $120M to Settle Walking Dead Producers' Lawsuit, Cuts FCF Guidance
AMCX sits 93% above its 52-week low of $6.47.
Summary
AMC Global Media agreed to pay $120 million to settle breach-of-contract claims from The Walking Dead producers, including Robert Kirkman and Gale Anne Hurd. The company will pay $85 million in cash by September 18, 2026, and $35 million by January 31, 2027, with the latter treated as an advance against future participation payments. As a result, AMC cut its 2026 free cash flow guidance to $150 million from $220 million, while keeping revenue and adjusted operating income outlooks unchanged. This follows the 8-K filed on September 5, 2026, which first disclosed the settlement and the guidance cut. The settlement removes a major legal overhang ahead of the October 27 trial date, but the cash outflow and reduced FCF guidance are material negatives for a company with a market cap around $515 million.
At the time of this announcement, AMCX was trading at $12.48 on NASDAQ in the Trade & Services sector, with a market capitalization of approximately $514.8M. The 52-week trading range was $6.47 to $12.93. This news item was assessed with negative market sentiment and an importance score of 8 out of 10. Source: Dow Jones Newswires.