STARZ Transitions to Independent Company with STRZ Launch
STARZ Officially Becomes an Independent Company
In an exciting development, STARZ has completed its separation from Lionsgate and is now trading independently on the Nasdaq Stock Market. This marks a new chapter for STARZ, which is listed under the ticker symbol STRZ. The transition signals STARZ's ongoing commitment to providing high-quality entertainment while focusing on expanding its digital presence.
Digital Growth and Market Positioning
STARZ has successfully transitioned from traditional linear broadcasting to a digital-first approach, achieving profitability in the process. Approximately 70% of STARZ's revenue now derives from its strong digital offerings, positioning the company well for future growth. This transformation reflects the company's strategy to become the preferred partner for bundling content on various platforms, allowing for enhanced distribution and partnership opportunities.
A Diverse and Engaging Programming Portfolio
The company is well-known for its strong lineup of programming, which resonates with a diverse audience. It targets women and underrepresented demographics, making it an industry leader in catering to these groups. Popular series like "Outlander" and "Power" have distinguished STARZ, with some series averaging between nine to 12 million multiplatform viewers per episode.
Franchises That Resonate
STARZ has a proven history of creating and expanding successful franchises. The series "Outlander" and "Power" have been pivotal in maintaining cultural relevance over the years. The 'Power' Universe, in particular, has sparked interest with multiple spinoff series, while the soon-to-be-released prequel, "Outlander: Blood of My Blood," will further engage fans of the franchise.
Subscriber Growth and Market Potential
As of the latest update, STARZ boasts a substantial subscriber base of approximately 20 million in the U.S. and Canada, positioning it strategically in the competitive streaming landscape. This growth is indicative of the quality content and services that the company delivers to its viewers.
Leadership's Vision for the Future
Jeffrey Hirsch, the President and CEO of STARZ, expressed enthusiasm over the company’s separation from Lionsgate. He remarked, "Today marks an important milestone in our history. This separation comes at a pivotal time for the industry, and we are committed to maximizing our potential as a standalone entity. With our strong programming lineup and technological advancements, we will capitalize on growth opportunities for our audiences and partners."
Shareholder Support and Future Direction
The separation from Lionsgate received overwhelming support, with over 99% approval from both Class A and B shareholders at a recent meeting. The transition to a single class of stock further enhances STARZ’s operational efficiency and shareholder alignment.
About STARZ
STARZ (NASDAQ: STRZ) is recognized as a leading premium entertainment destination, especially for women and underrepresented audiences. With an extensive programming mix that includes innovative originals and a wide array of blockbuster films, STARZ underscores its brand mission – "We're All Adults Here." The company's content is not only complementary to numerous platforms but also widely available across digital OTT platforms and multichannel video distributors, reaffirming its position as a bundling partner of choice. STARZ’s commitment to advanced technology, data analytics, and a user-friendly app experience empowers its offerings in the digital entertainment landscape.
Frequently Asked Questions
What does the separation from Lionsgate mean for STARZ?
The separation allows STARZ to operate as an independent company, focusing on its specific audience and enhancing its business strategy.
What ticker symbol is STARZ listed under?
STARZ trades under the ticker symbol STRZ on the Nasdaq Stock Market.
How significant is STARZ’s shift to digital?
This shift has positioned STARZ as a leader in the digital entertainment space, with 70% of its revenue generated from digital sources.
What popular series does STARZ offer?
STARZ features popular series like "Outlander" and "Power," which have garnered millions of viewers and include successful spinoffs.
How many subscribers does STARZ currently have?
As of now, STARZ has approximately 20 million subscribers across the U.S. and Canada, indicating robust growth in its audience base.
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