The licensing line was hit by the timing and availability of original programming as well as production delays due to Covid-19. Subscription revenues proved a bright spot, increasing 14% on growth in streaming revenue. Unlike media rivals laying out billions to challenge Netflix in the general-entertainment arena, AMC Networks has focused on a portfolio of targeted streaming outlets. The portfolio includes Acorn TV, Shudder, Sundance Now, and ALLBLK. In its earnings release, the company said it is on-track to reach subscriber targets of 9 million total streaming subscribers by the end of 2021. Media companies like AMC Networks, Discovery, ViacomCBS and others are navigating through a complicated operating environment. Viewership of traditional linear TV continues to decline and customers are cutting the cord at a steady pace. Those trends are putting pressure on decades-long margins from pay-TV carriage and advertising.