Starz has completed its separation from Lionsgate and, effective immediately, returns to being a standalone public company with trading commencing on the Nasdaq Stock Market under the ticker symbol STRZ.

Starz said it has “successfully transitioned from linear to digital profitably” and “is well positioned to drive long-term success with approximately 70 per cent of its revenue now fueled by a robust digital footprint”. Starz’s targeted content offering is complementary to any platform or service, and it is actively seeking to capitalise on new bundling, distribution and other partnership opportunities.

Starz’s portfolio of programming includes the popular Outlander and Power franchises. The company has a subscriber base of 20 million (as of December 31st 2024) in the US and Canada.

“Today marks an important milestone in our history as we unlock significant value as a standalone business and advance our position as the leading premium entertainment destination for women and underrepresented audiences,” commented Jeffrey Hirsch, President and CEO of Starz. “This separation comes at a pivotal time for the industry. Our strong balance sheet, compelling programming lineup and industry-leading tech stack will enable us to be nimble and capitalize on growth opportunities, while driving long-term success for our partners, audiences, employees and shareholders. We are thankful to Jon (Feltheimer) and the entire Lionsgate team for the past eight years of collaboration as well as for the ongoing partnership we’ll maintain, and I look forward to beginning this new chapter for Starz.”

The separation was approved by over 99 per cent of both Class A and B shareholders at an April 23rd meeting. The former dual share structure will become a single class of stock immediately.

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Categories: Articles, Business

Tags: Lionsgate, nasdaq, outlander, starz