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Business Combination | 6 Months Ended
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Jun. 30, 2015
Business Combinations [Abstract] |
Acqusitions | Acquisitions BBC AMERICA In October 2014, a subsidiary of AMC Networks entered into a membership interest purchase agreement with BBC Worldwide Americas, Inc. ("BBCWA"), pursuant to which such subsidiary acquired 49.9% of the limited liability company interests of New Video Channel America, L.L.C. ("New Video"), owner of the cable channel BBC AMERICA (the "Transaction"), for a purchase price of $200,000. The Company funded the purchase price with cash on hand and a $40,000 promissory note, which was paid on April 23, 2015. In addition to the purchase agreement, the Company entered into a Second Amended and Restated Limited Liability Company Agreement with BBCWA and one of its affiliates (the "Joint Venture Agreement") that sets forth certain rights and obligations of the parties, including certain put rights. The Company has operational control of New Video and the BBC AMERICA channel. The joint venture’s results are consolidated in the financial results of AMC Networks from the date of closing and included in the National Networks operating segment. The Company views this joint venture as an important addition to its overall channel portfolio and programming content strategy. The acquisition accounting for New Video as reflected in these consolidated financial statements is preliminary and based on current estimates and currently available information, and is subject to revision based on final determinations of fair value and final allocations of purchase price to the identifiable assets and liabilities acquired. The primary estimated fair values that are not yet finalized relate to the valuation of program rights and related obligations, intangible assets, other assets, accrued liabilities, and redeemable noncontrolling interests. The following table summarizes the preliminary valuation of the tangible and identifiable intangible assets acquired and liabilities assumed.
Cash paid, net of cash acquired | $ | 159,889 |
Promissory note | 40,000 |
Total consideration transferred | 199,889 |
Redeemable noncontrolling interest | 200,000 |
| $ | 399,889 |
Preliminary allocation: |
Prepaid expenses and other current assets | 621 |
Accounts receivable, trade | 32,240 |
Program rights | 73,219 |
Deferred carriage fees | 567 |
Property and equipment | 111 |
Intangible assets | 113,528 |
Other assets | 46,000 |
Accounts payable and accrued liabilities | (5,528 | )
Program rights obligations | (30,868 | )
Deferred revenue | (3,378 | )
Fair value of net assets acquired | 226,512 |
Goodwill | 173,377 |
| $ | 399,889 |
Chellomedia In January 2014, certain subsidiaries of AMC Networks purchased substantially all of Chellomedia (a combination of certain programming and content distribution subsidiaries and assets purchased from Liberty Global plc) for a purchase price of €750 million (approximately $1.0 billion). AMC Networks funded the purchase price with cash on hand and also borrowed an additional $600 million under its Term Loan A Facility. Unaudited Pro Forma Financial Information The following unaudited pro forma financial information is based on (i) the historical consolidated financial statements of AMC Networks, (ii) the historical financial statements of New Video and (iii) the historical combined financial statements of Chellomedia and is intended to provide information about how the acquisitions and related financing may have affected the Company's historical consolidated financial statements if they had occurred as of January 1, 2014. The unaudited pro forma information has been prepared for comparative purposes only and includes adjustments for additional interest expense associated with the terms of the Company's amended and restated credit agreement, estimated additional depreciation and amortization expense as a result of tangible and identifiable intangible assets acquired, and the reclassification of the operating results of the Atmedia business to discontinued operations (see Note 4). The pro forma information is not necessarily indicative of the results of operations that would have been achieved had the acquisition taken place on the date indicated or that may result in the future.
| Pro Forma Financial Information for the
| Three Months Ended June 30, 2014 |  | Six Months Ended June 30, 2014
Revenues, net | $ | 564,330 |  |  | $ | 1,157,602 |
Income from continuing operations, net of income taxes | $ | 62,812 |  |  | $ | 140,966 |
Net income per share, basic | $ | 0.87 |  |  | $ | 1.96 |
Net income per share, diluted | $ | 0.86 |  |  | $ | 1.95 |
Other Acquisitions In February 2015, a subsidiary of AMC Networks acquired the shares of a small international channel. This acquisition is included in the International and Other segment and builds on the Company's international expansion strategy and the potential to provide international long-term growth and value. Pro forma financial information related to this acquisition is not provided as the impact was not material to our condensed consolidated financial statements.

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