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Starz (STRZA)

  • Thu, Apr. 30, 12:55 PM
    • Starz (NASDAQ:STRZA) has moved up 2.5% after a Q1 where it beat expectations solidly across the board and ramped up its original programming by the most ever.
    • Operating income rose 26% to $142.5M. Adjusted OIBDA gained 23% to $155.5M.
    • Subscriptions gained by 400K since the end of Q4, and are up 1.8M from a year ago. Starz has 23.7M subscribers.
    • Revenue by segment: Starz Networks, $334M (up 3%); Starz Distribution, $109.7M (up 25.7%); Starz Animation, $7.3M (down 18%).
    • The company says its slate of original programming this year will include 75-80 episodes of scripted series.
    • Conference call at 1 p.m. ET.
    • Press release
    • Previously: Report: Lions Gate was close to Starz buyout (Apr. 29 2015)
    | 1 Comment
  • 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.
    | 1 Comment
  • 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.
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  • 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.
    | 1 Comment
  • Dec. 4, 2014, 9:54 AM
    • A deal for CBS (CBS -1.1%) to buy Starz (STRZA -1.4%) won't materialize, sources tell CNBC.
    • Shares of Starz have a little bit of takeover premium baked in due to ongoing speculation over a sale.
    • Lions Gate (LGF -1.1%) has also been mentioned as a potential Starz buyer.
    | 1 Comment
  • Nov. 24, 2014, 8:20 AM
    • Shares of Starz (NASDAQ:STRZA) pop in early trading after a weekend report indicates that the media company is looking for a buyout.
    • STRZA +4.0% to $33.50.
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  • Sep. 24, 2014, 9:20 AM
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  • Sep. 24, 2014, 7:15 AM
    • Shares of Starz (NASDAQ:STRZA) soar in early action after a report indicates the company is looking to sell itself.
    • A spokesperson for Starz declined to give an official statement on the speculation.
    • STRZA +10.6% premarket to $32.70.
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  • May 24, 2013, 5:42 PM
    After-hours top gainers, as of 5:15 p.m.: SIGA +23%. FXEN +7%. LPSN +5%. QSII +4%. STRZA +3%.
    After-hours top losers: XNPT -7%. DF -6%. ASTX -4%. SPWR -3%. FNSR -2%.
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  • May 24, 2013, 5:42 PM
    Starz (STRZA) +3.2% AH after an SEC filing reveals Berkshire Hathaway (BRK.A, BRK.B) acquired ~5.62M shares, or a 5% stake, in the company.
  • Feb. 11, 2013, 1:45 PM
    Netflix (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
    Shares of Starz (STRZA) rise 9.7% in their Nasdaq debut after spinning off from Liberty Media (LMCA +1%). The company - which boasts about 55M subscribers for its Starz, Encore, and Movieplex channels - is considered by analysts to be a juicy target for a large media company.
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Company Description
Starz is a media and entertainment company. It provides premium subscription video programming to U.S. MVPDs, including cable operators, satellite television providers and telecommunications companies.