AMC Networks Invests $65 Million in RLJ EntertainmentBy
Two companies will look to collaborate on streaming content
AMC has option to buy 50.1% of firm backed by BET founder
AMC Networks Inc. is investing $65 million in RLJ Entertainment, a company backed by the founder of Black Entertainment Television, creating a partnership aimed at reaching two niche audiences -- African-American viewers and fans of British programming -- with online video services.
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