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SANTA MONICA, Calif. - STARZ, a premium entertainment company, has announced its official separation from Lionsgate, marking its return as an independent public entity. The company commenced trading on the Nasdaq Stock Market today under the ticker symbol STRZ. With a successful pivot from linear to digital platforms, STARZ has positioned itself to leverage its approximately 70% revenue from digital services for future growth.
The company’s content strategy, focusing on women and underrepresented audiences, has resulted in a portfolio of popular television series. Notably, STARZ has five series averaging nine to 12 million multiplatform viewers per episode. The network’s subscriber base in the U.S and Canada numbers 20 million as of December 31, 2024.
Jeffrey Hirsch, President and CEO of STARZ, commented on the separation, emphasizing the company’s readiness to exploit new bundling and partnership opportunities. He expressed gratitude towards Lionsgate for their collaboration over the past eight years and expressed enthusiasm for the future of STARZ as a standalone entity.
The decision to separate was overwhelmingly approved by STARZ’s shareholders, with over 99% voting in favor at the April 23 meeting. The company’s former dual share structure has been consolidated into a single class of stock, effective today.
STARZ is recognized for its original programming and movie lineup, catering to adult audiences seeking premium entertainment. The company’s technology stack, data analytics, and digital infrastructure support its operations, including the highly rated STARZ app, which offers a variety of OTT platforms and multichannel video distribution options.
The move to independence is expected to allow STARZ to be agile in a rapidly evolving industry, capitalizing on growth opportunities and enhancing value for partners, audiences, employees, and shareholders. This news is based on a press release statement from Starz Entertainment LLC.
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