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Starz Entertainment Corp. (NASDAQ:STRZ) announced that its board of directors appointed Ed Wilson as a new director on Wednesday, August 20. The appointment was made following a recommendation from the company’s Nominating and Corporate Governance Committee, according to a statement released in a recent SEC filing.
Mr. Wilson will serve as a member of both the Nominating & Corporate Governance Committee and the Audit & Risk Committee. The company stated that Mr. Wilson will receive compensation for his role as a non-employee director consistent with the compensation provided to other non-employee directors. Details of this compensation are available in the company’s most recent annual report filed with the Securities and Exchange Commission on June 26, 2025.
The filing also noted that there are no arrangements or understandings between Mr. Wilson and any other person regarding his selection as a director. In addition, there are no transactions involving Mr. Wilson and Starz Entertainment that require disclosure under Item 404(a) of Regulation S-K.
Starz Entertainment Corp. is incorporated in British Columbia, Canada, and its common shares are traded on the Nasdaq Stock Market under the symbol STRZ. This information is based on a statement provided in a press release and related SEC filing.
In other recent news, Starz Entertainment reported a decrease in revenue and subscribers during its Q2 2025 earnings call. The company’s total revenue dropped to $319.7 million, representing a 2% decline from the previous quarter and a 7.4% decrease compared to the same period last year. Despite these challenges, Starz remains optimistic about achieving revenue and subscriber growth in the future. Additionally, Morgan Stanley has adjusted its price target for Starz Entertainment to $14.00, down from $15.00. The firm maintained an Equalweight rating on the stock, citing the company’s smaller size and lower investment levels as constraints on subscriber growth and pricing power. Morgan Stanley’s revised price target is based on approximately 4.5 times forward EBITDA, with limited multiple expansion expected. These developments highlight the current challenges and strategic outlook for Starz in the competitive streaming industry.
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