AMC Global settles Walking Dead lawsuit for $120M; cuts FY26 FCF guide to $150M

AMC Global Media Inc.

Settlement total $120M: $85M cash due by Sept 18, 2026; $35M by Jan 31, 2027 as advance against future participation.
Company records ~$85M charge in Q3 2026; lawsuit dismissed with prejudice.
FY26 free cash flow forecast lowered to ~$150M from ~$220M due to cash payment, net of tax benefit.
Adjusted operating income and revenue guidance unchanged; $35M advance offsets future participation payments.
Plaintiffs include Robert Kirkman, Glen Mazzara, Gale Anne Hurd, David Alpert, and others.

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