AMC Networks, Inc. is reportedly in talks to acquire an almost 50 percent stake in BBC America.
The acquisition brings together two channels that have already recently collaborated on several projects, including The Honorable Woman, the political thriller about the West Bank and Israel starring Maggie Gyllenhaal as a member of the House of Lords who has a dark side. AMC Networks is the home of AMC, SundanceTV and IFC channels.
The New York Times reported that the deal—whose financial terms are still being negotiated—is intended to cement the premium content providers in a more formidable arrangement, cutting overhead costs and letting AMC leverage advertising and distribution to their mutual benefit.
AMC, which reportedly has a market cap of $4.4 billion, may be a ripe takeover target itself, assuming the Dolans want to sell.
For the moment, their lips are mum.