Wed, Feb. 11, 6:29 PM
- The deal John Malone struck to get a board seat and 3.43% of Lions Gate (NYSE:LGF) might be just the beginning for Malone's Starz network (NASDAQ:STRZA), Miriam Gottfried notes.
- TV networks are entering a new, shaky era of consolidation and direct-offer channels using the Internet, but Starz lacks the benefit of size and has struggled to produce hits.
- As a stand-alone studio, Lions Gate could benefit from getting closer to Starz and its steady cash flow, or even merging.
- The network has been for sale since spinning off from Liberty in 2012, though its CEO tossed cold water on takeover prospects just last month.
- Today: LGF +9.2% (and +0.3% after hours); STRZA +3.5%.
Wed, Feb. 11, 9:20 AM
- Lions Gate Entertainment (NYSE:LGF) is up 6.4% premarket with a stock exchange agreement that adds Liberty's John Malone to its board.
- The deal has Lions Gate exchanging 3.43% of its common stock for 4.51% of stock in Starz (NASDAQ:STRZA) held by Malone, who says the transaction "creates the potential for a number of strategic opportunities around the world" with LGF.
Tue, Jan. 20, 7:59 AM
- Morgan Stanley upgrades Starz (NASDAQ:STRZA) to an Overweight rating from Equalweight.
- Analysts with the investment firm set a $32 price target on shares.
- M&A remains in the background of the discussion on Starz with several Chinese conglomerates and tech giants seen as hungry for a content acquisition.
- STRZA +1.8% premarket.
Dec. 5, 2014, 9:16 AM
- A bet on Starz (NASDAQ:STRZA) at its current level factors in a takeover, warn some media analysts who think valuation is too high.
- The loss of exclusive rights to Disney movies in 2016 makes pinning a number on Starz problematic, they note.
- Several entertainment giants are reported to have walked away from the $5B takeover price Starz wants.
- The bull camp thinks strong original programming from Starz gives it upside.
- Starz (STRZA) was upgraded by Macquarie to an Outperform rating from Neutral.
- STRZA +2.2% premarket to $28.37.
Dec. 4, 2014, 9:54 AM| 1 Comment
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May. 24, 2013, 5:42 PM
May. 24, 2013, 5:42 PM
Feb. 11, 2013, 1:45 PMNetflix (NFLX -2.8%) gives back some of last week's gains after Sony (SNE +0.5%) extends its movie-licensing deal with Starz (STRZA +8.1%) to 2021. Stifel thinks the deal is likely in the $300M/year range, on par with the recent Netflix-Disney deal. With Starz having ended its relationship with Netflix specifically to keep its pay-TV industry customers happy, the odds of its content re-appearing on Netflix anytime soon are slim. | 1 Comment
Jan. 14, 2013, 2:07 PM
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