 On July 30, 2018, AMC Networks reached a definitive agreement to acquire RLJ Entertainment where AMC would pay $59 million for the remaining RLJE shares not owned by AMC or Robert L. Johnson.The transaction was approved by RLJ Entertainment's stockholders on October 31, and AMC Networks completed the acquisition on November 1.RLJ Entertainment became a privately owned subsidiary of AMC Networks, with Johnson and his affiliates owning a 17% stake.