Starz (STRZA) - NASDAQ
  • Oct. 29, 2015, 4:58 PM
    • Starz (NASDAQ:STRZA) is flat in after-hours trading following a third quarter report where it missed slightly on top and bottom lines, though revenues increased at Starz Networks as subscribers increased.
    • Overall revenue declined 1% to $404.1M; Starz Networks revenue rose to $329.3M. Its Distribution business revenue fell 11% to $65.6M. Consolidated adjusted OIBDA was up 4% to $114.7M ($120.2M expected).
    • The Network business saw an increase in programming costs for original series while advertising and marketing costs fell. In distribution, revenues slipped on lower revenue from AMC's The Walking Dead that wasn't offset by significant new Starz series. OIBDA rose to $0.9M, though, based on distributing films for The Weinstein Co.
    • Conference call to come at 5 p.m. ET.
    | Oct. 29, 2015, 4:58 PM
  • Oct. 29, 2015, 4:54 PM
    • Starz (NASDAQ:STRZA): Q3 EPS of $0.56 misses by $0.03.
    • Revenue of $404.1M (-1.0% Y/Y) misses by $18.52M.
    | Oct. 29, 2015, 4:54 PM
  • Oct. 28, 2015, 2:33 PM
    • It's not even Halloween yet, but Starz (STRZA +2.3%) has given an early renewal to its original series Ash vs. Evil Dead.
    • The show, set to premiere on Saturday, is a follow-up to the Sam Raimi Evil Dead film series (1981-1992).
    • Starz has ordered a second season of 10 episodes that will return principals, including Bruce Campbell as chainsaw-handed Ash and Lucy Lawless.
    • Licensing deals are bringing Ash vs. Evil Dead to more than 100 countries/territories for a simultaneous premiere Halloween night.
    | Oct. 28, 2015, 2:33 PM
  • Oct. 22, 2015, 3:27 PM
    • Starz (STRZA +0.8%) has launched its Starz Play service for "select" Android TV-powered devices.
    • The move brings the "TV Everywhere" offering to devices including Google's Nexus Player, Nvidia's Shield and Sony's Android-powered TVs.
    • It comes in time for the network's upcoming Halloween premiere of Ash vs. Evil Dead.
    • Starz Play was already available on Roku devices, Amazon Fire TV devices, Xbox, Chromecast, and a number of iOS/Android phones and tablets as well as PCs and Macs.
    | Oct. 22, 2015, 3:27 PM
  • Oct. 20, 2015, 8:04 PM
    • After a lot of talk about the evolution of TV upfronts, a swath of hyped premieres and political debates and the return of football, TV ad spending for Q3 was flat Y/Y.
    • Cable spending rose 1% for the quarter, but broadcast ads fell 3%, according to Standard Media Index. Local-focused spot spending was up 2%.
    • Syndication spending fell 6%; local cable, MSO and satellite TV slipped 1%.
    • There were few positive signs, but the scatter market rose 6% for the quarter, and Scripps Networks (NYSE:SNI) and AMC (NASDAQ:AMCX) showed ad spending growth, as did broadcasters Telemundo and ABC (NYSE:DIS).
    • Local broadcast stocks: SBGI, MEG, SNI, GTN, MDP, TGNA, NXST
    • Other network stocks: AMCX, DIS, CMCSA, CBS, FOX, FOXA, VIA, VIAB, STRZA, DISCA
    | Oct. 20, 2015, 8:04 PM | 1 Comment
  • Oct. 13, 2015, 11:56 AM
    • Starz (STRZA +0.7%) has entered into a deal with C More Entertainment for exclusive pay TV and subscription video on demand rights in Scandinavia.
    • The pact -- between C More, Starz Digital and Starz Worldwide Distribution -- means that the company can provide subscribers in Sweden, Norway, Denmark and Finland with Starz's new original series (including Ash vs. Evil Dead, Flesh and Bone, The Girlfriend Experience) shortly after the U.S. airing, and library content including Power, Black Sails and Survivor's Remorse, the LeBron James-produced basketball series.
    • The deal also includes premiere rights for the first Starz Original movie, The Dresser.
    | Oct. 13, 2015, 11:56 AM
  • Oct. 5, 2015, 5:31 PM
    | Oct. 5, 2015, 5:31 PM
  • Sep. 29, 2015, 5:28 PM
    • In musical TV news, Starz (STRZA -1.9%) has expanded its partnership with rapper Curtis "50 Cent" Jackson, executive producer of its biggest original hit, Power.
    • A new two-year exclusive deal means that Jackson's G Unit Film & Television will produce new projects for the network along with keeping Jackson on to star in and produce Power.
    • In other rap collaborations, ABC Family (DIS +1%) gives the go-ahead to a new series from Nicki Minaj, who like Jackson will executive produce and star in her show. It'll be based on immigration with her family from Trinidad.
    | Sep. 29, 2015, 5:28 PM | 5 Comments
  • Sep. 16, 2015, 10:20 AM
    • With traditional pay TV subscribers on the wane, a potential purchase of Starz (STRZA +5.6%) is not the best way to spend AMC Networks' (AMCX -1.1%) "M&A powder," says Stifel Nicolaus' Benjamin Mogil.
    • Adding Starz won't change AMC's affiliate positioning, he writes, though for Starz (up solidly today), the combination makes more sense as a way to accelerate a possible discussion with Lions Gate (LGF +0.9%).
    • He rates AMC Networks as a Buy and Starz at Hold.
    • A deal here could speed up additional consolidation in the space, writes Macquarie's Amy Yong, who holds a Neutral rating on AMCX and Outperform on STRZA.
    | Sep. 16, 2015, 10:20 AM
  • Sep. 15, 2015, 5:42 PM
    | Sep. 15, 2015, 5:42 PM
  • Sep. 15, 2015, 5:39 PM
    • Starz (NASDAQ:STRZA) is up 7% in after-hours trading on news that it's in talks to be acquired by AMC Networks (NASDAQ:AMCX), itself up 2.5% after hours.
    • Bloomberg reported the preliminary talks, which come after a few abortive attempts by suitors to acquire Starz in the past year. “They probably ultimately need to combine with others at least from a bundler point of view, if not from an ownership point of view,” John Malone -- Starz's top individual investor -- said last week.
    • An AMC deal would require the sign-off of the Dolan family, who control voting power after AMC was spun off from Cablevision four years ago.
    • Starz has a market cap of $3.9B and an enterprise value that's grown to more than $5B from $4B last year, during a period when it was often linked to Lions Gate Entertainment (NYSE:LGF). Shares in Starz are up 26.1% over the past 12 months.
    | Sep. 15, 2015, 5:39 PM | 1 Comment
  • Sep. 3, 2015, 2:17 PM
    • Starz (STRZA +1.1%) expands a multi-year deal with Super Channel, the only national English pay TV network in Canada.
    • The move means that original programming Starz has been ramping up will be provided to Super Channel, including Ash Vs. Evil Dead and Flesh and Bone, along with forthcoming series The Girlfriend Experience and Starz's first original movie, The Dresser.
    • The output deal also includes an annual collection of movies sent via Starz Worldwide Distribution.
    | Sep. 3, 2015, 2:17 PM
  • Sep. 1, 2015, 5:41 PM
    • Starz (STRZA -1.8%) has added its Starz Play service to Roku's streaming platform.
    • The service is Starz's TV Everywhere offering for authenticated subscribers. It's offering Roku owners a growing slate of original programming, along with early-window films from Disney, Sony, and others.
    • The move adds to Starz Play's reach; it's also available on Amazon Fire TV and Fire TV Stick, Xbox One/Xbox 360, and Chromecast, as well as iOS/Android devices.
    | Sep. 1, 2015, 5:41 PM
  • Aug. 28, 2015, 5:37 PM
    • Starz (NASDAQ:STRZA) -- amid a push to pump up original programming with investments -- logged a strong ratings debut for its comedy block, with the help of the former Capt. Jean-Luc Picard.
    • Blunt Talk, starring Patrick Stewart and created by Jonathan Ames (Bored to Death), broke the network's records for an original comedy premiere, with 1.5M viewers in live-plus-three-day results, while the second-season premiere of Survivor's Remorse drew 1.3M viewers, up 87% Y/Y. It had 2.2M multiplatform viewers.
    • Survivor's Remorse (about a young basketball star) has a number of sports figures attached as producers, notably NBA star LeBron James and his partner Maverick Carter.
    • Previously: Starz's 'Power' sets viewership mark with finale (Aug. 21 2015)
    | Aug. 28, 2015, 5:37 PM
  • Aug. 21, 2015, 3:43 PM
    • Starz's (NASDAQ:STRZA) flagship series, Power, hit a new mark with its season 2 finale: 2.39M viewers in live-plus-three-day ratings.
    • That's up 50% over the first-season finale, and the season built on the first one throughout. Its 6.5M multiplatform viewers set a record for a Starz original.
    • The company noted in its earnings report that it had fortified the pipeline for original programming, highlighted by the addition of Neil Gaiman's American Gods, along with Blunt Talk, Survivors Remorse, Da Vinci's Demons, Ash vs. Evil Dead, and Flesh and Bone.
    • Power has been renewed for a third season.
    | Aug. 21, 2015, 3:43 PM
  • Aug. 6, 2015, 1:01 PM
    • Disney (NYSE:DIS) is down another 5.2% today (down 13.7% in two days) amid a deepening media stock sell-off that it seems to have spurred with its Tuesday earnings report, where it took a fair chunk of time on an analyst call acknowledging subscriber losses at ESPN.
    • Also off broadly at midday: CBS -3.1%; CMCSA -4%; FOXA -9.8%; VIAB -15.6%; TWX -5%; AMCX -9.6%; LGF -6.7%.
    • The sell-off is affecting several companies with a cable or pay-TV component, as sub losses at ESPN -- the most valuable part of any cable bundle -- point to the effect of cord-cutting.
    • Analysts are agreeing that the trend of unbundling (or skinny bundling) might threaten the long-term health of the pay TV ecosystem, which has profited from the promise of rising subscription fees from providers. That's dependent on subscriber counts that don't significantly drop off.
    • A growing pile of reports this week is indicating warning signs for subscriber counts. Dish Network (DISH -2.2%) had "almost certainly the worst quarter" for satellite subscriber losses, analyst Craig Moffett noted, as it merged Sling TV subscriber growth into its overall count, masking the core number. Moffett estimates Dish lost 151K satellite TV customers in Q2.
    • Subscriber losses mean lower affiliate fees. Disney said in its call "we now expect domestic cable affiliate revenue [growth] to fall short of previous expectation, but still in high single digits."
    • Other industry decliners: CRWN -8.9%; QVCA -5.4%; STRZA -6.1%
    • Previously: Disney tumbles 8.9% after revenue miss; Iger talks ESPN again (Aug. 05 2015)
    • Previously: Disney's Iger bullish on ESPN despite consumer changes, unbundling (Aug. 04 2015)
    | Aug. 6, 2015, 1:01 PM | 28 Comments
Company Description
Starz is an integrated global media and entertainment company, which engages in video programming and development, production, acquisition and distribution of entertainment content. It provides premium subscription video programming on domestic U.S. pay television channels, global content... More
Sector: Services
Industry: Entertainment - Diversified
Country: United States