Starz Inc.

Starz Inc.
Public
Traded as NASDAQ: STRZA, NASDAQ: STRZB
Industry Broadcasting & Cable TV
Predecessor Liberty Media Group
Liberty Starz
Founded 1991 – Liberty Media Group launches Encore Movie Group (which later became Starz Entertainment)[1]
January 11, 2013 – Starz becomes independent entity through legal spin-off[2]
Key people
 Chris Albrecht
(CEO)
Revenue $1.631 billion[3]
$445 million[4]
Divisions Starz Networks
Starz Distribution
Website starz.com

Starz Inc. (formerly Encore Media Group (1991–2001), Starz Encore Group (2001–2004), Starz Entertainment Group (2004–2009), and Liberty Starz (2009–2013) is an entertainment company that owns U.S. pay television channels, a media distribution company, and animated television and movie production.[5] The company is headquartered at Meridian, Colorado and uses nearby Englewood as its location in corporate filings and press releases.

History

Liberty Starz (formerly Starz Entertainment) started as a wholly owned television programming subsidiary and a joint venture of Liberty Media. Liberty Media split Starz Entertainment into a separate tracking stock on November 19, 2009. This tracking stock was not a separate company. Starz Entertainment was wholly owned by Liberty Media, until January 4, 2011 when The Weinstein Company acquired 25% of one of the operating units.[6] The arrangement included a five-year distribution deal under which Starz Media's Anchor Bay Entertainment would release new Weinstein Co. films on DVD and Starz Distribution (formerly Starz Digital Media) would handle online downloads and streaming.[7]

On August 8, 2012, Liberty Media announced that it would spin-off Liberty Starz into a separate public company; the transaction includes about $1.5 billion of debt. The spin-off of the subsidiary was expected to be completed by the end of 2012,[8] but was actually completed on January 11, 2013. As a result of the spin-off, Liberty Starz changed its name to "Starz Inc."[9] Starz' businesses and assets consist of Starz Networks, Starz Distribution, & its minority stake in Arc Productions.

Starz Networks

Starz Networks currently consists of 17 American cable TV channels. As of December 31, 2012, Starz and Encore serve a combined 56 million subscribers, including 21 million at STARZ, and 35 million at Encore.[10] Starz, Encore, and MoviePlex air over 1,000 movies monthly across 17 linear networks, On Demand, and online offerings through Starz Play, Encore Play, and MoviePlex Play.[11]

List of Starz-owned channels

References

  1. ↑ "Starz Timeline". Retrieved 2013-02-15.
  2. ↑ "Liberty Media Corporation and Starz Announce Completion of Spin-Off". Retrieved 2013-01-11.
  3. ↑ Starz Reports Fourth Quarter And Year End 2012 Financial Results PRNewswire February 27, 2013
  4. ↑ Starz Reports Fourth Quarter And Year End 2012 Financial Results PRNewswire February 27, 2013
  5. ↑ STARZ to Ring The NASDAQ Stock Market Opening Bell "Nasdaq.com" January 24, 2013
  6. ↑ Starz Rises During NASDAQ Debut "Multichannel.com" Nov 20, 2009
  7. ↑ Weinstein Co. buys 25% of Starz Media "LA Times" January 5, 2011
  8. ↑ , Chicago Tribune (via Reuters), August 8, 2012.
  9. ↑ "Liberty Media Corporation and Starz Announce Completion of Spin-Off". Retrieved 2013-01-11.
  10. ↑ Liberty spinoff Starz up 10 pct in first day of trading "CNBC" January 14, 2013
  11. ↑ Liberty Media Corp (LMCA.O) “Reuters.com”

External links

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