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STARZ COMPLETES SEPARATION FROM LIONSGATE AND BEGINS TRADING TODAY UNDER TICKER SYMBOL STRZ ON NASDAQ

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STARZ (NASDAQ: STRZ) has completed its separation from Lionsgate and commenced trading as a standalone public company on the Nasdaq Stock Market. The company has successfully transformed from linear to digital, with digital now accounting for 70% of revenue. STARZ boasts a subscriber base of 20 million in the U.S. and Canada as of December 31, 2024.

The separation, approved by over 99% of shareholders, positions STARZ as the leading premium entertainment destination for women and underrepresented audiences. The company's portfolio includes successful franchises like "Outlander" and "Power," with five series averaging 9-12 million multiplatform viewers per episode. The former dual share structure has been converted to a single class of stock.

STARZ (NASDAQ: STRZ) ha completato la sua separazione da Lionsgate e ha iniziato a essere quotata come società pubblica indipendente sul Nasdaq Stock Market. L'azienda si è trasformata con successo da un modello lineare a uno digitale, con il digitale che rappresenta ora il 70% dei ricavi. STARZ conta una base di abbonati di 20 milioni negli Stati Uniti e in Canada al 31 dicembre 2024.

La separazione, approvata da oltre il 99% degli azionisti, posiziona STARZ come la principale destinazione di intrattenimento premium per donne e pubblici poco rappresentati. Il portafoglio dell'azienda include franchise di successo come "Outlander" e "Power", con cinque serie che registrano in media da 9 a 12 milioni di spettatori multiplatform per episodio. La precedente struttura azionaria a doppia classe è stata convertita in una singola classe di azioni.

STARZ (NASDAQ: STRZ) ha completado su separación de Lionsgate y ha comenzado a cotizar como una empresa pública independiente en el Nasdaq Stock Market. La compañía se ha transformado exitosamente de un modelo lineal a digital, con lo digital representando ahora el 70% de los ingresos. STARZ cuenta con una base de suscriptores de 20 millones en EE. UU. y Canadá al 31 de diciembre de 2024.

La separación, aprobada por más del 99% de los accionistas, posiciona a STARZ como el principal destino de entretenimiento premium para mujeres y audiencias poco representadas. El portafolio de la empresa incluye franquicias exitosas como "Outlander" y "Power", con cinco series que promedian entre 9 y 12 millones de espectadores multiplataforma por episodio. La anterior estructura de acciones dual se ha convertido en una sola clase de acciones.

STARZ (NASDAQ: STRZ)는 Lionsgate와의 분리를 완료하고 나스닥 주식 시장에서 독립 상장 회사로 거래를 시작했습니다. 회사는 선형 모델에서 디지털 모델로 성공적으로 전환했으며, 현재 디지털이 매출의 70%를 차지하고 있습니다. 2024년 12월 31일 기준으로 STARZ는 미국과 캐나다에서 2000만 명의 가입자를 보유하고 있습니다.

주주 99% 이상이 승인한 이번 분리는 STARZ를 여성 및 소외된 관객을 위한 주요 프리미엄 엔터테인먼트 목적지로 자리매김하게 합니다. 회사의 포트폴리오에는 "Outlander"와 "Power"와 같은 성공적인 프랜차이즈가 포함되어 있으며, 다섯 개 시리즈는 에피소드당 평균 900만에서 1200만 명의 멀티플랫폼 시청자를 기록하고 있습니다. 이전의 이중 주식 구조는 단일 주식 클래스로 전환되었습니다.

STARZ (NASDAQ : STRZ) a finalisé sa séparation de Lionsgate et a commencé à être cotée en tant que société publique indépendante sur le Nasdaq Stock Market. L'entreprise s'est transformée avec succès, passant d'un modèle linéaire à un modèle numérique, le numérique représentant désormais 70 % des revenus. STARZ compte une base d'abonnés de 20 millions aux États-Unis et au Canada au 31 décembre 2024.

La séparation, approuvée par plus de 99 % des actionnaires, positionne STARZ comme la principale destination de divertissement premium pour les femmes et les publics sous-représentés. Le portefeuille de la société comprend des franchises à succès telles que "Outlander" et "Power", avec cinq séries attirant en moyenne entre 9 et 12 millions de téléspectateurs multiplateformes par épisode. L'ancienne structure à actions doubles a été convertie en une seule catégorie d'actions.

STARZ (NASDAQ: STRZ) hat die Abspaltung von Lionsgate abgeschlossen und den Handel als eigenständiges börsennotiertes Unternehmen an der Nasdaq Stock Market aufgenommen. Das Unternehmen hat sich erfolgreich von einem linearen zu einem digitalen Modell gewandelt, wobei der digitale Bereich nun 70 % des Umsatzes ausmacht. STARZ verfügt zum 31. Dezember 2024 über eine Abonnentenbasis von 20 Millionen in den USA und Kanada.

Die Abspaltung, die von über 99 % der Aktionäre genehmigt wurde, positioniert STARZ als führende Premium-Unterhaltungsplattform für Frauen und unterrepräsentierte Zielgruppen. Das Portfolio des Unternehmens umfasst erfolgreiche Franchises wie "Outlander" und "Power", mit fünf Serien, die durchschnittlich 9 bis 12 Millionen plattformübergreifende Zuschauer pro Folge erreichen. Die bisherige duale Aktienstruktur wurde in eine einzige Aktienklasse umgewandelt.

Positive
  • 70% of revenue now comes from digital operations, showing successful digital transformation
  • Strong viewership metrics with 5 series averaging 9-12 million multiplatform viewers per episode
  • Robust subscriber base of 20 million in U.S. and Canada
  • Strong balance sheet and industry-leading tech stack position company for growth
  • Overwhelming shareholder approval (99%) for the separation
Negative
  • Potential challenges as a smaller standalone entity competing against larger streaming players
  • Heavy dependence on few key franchises (Outlander and Power) for viewership

Insights

STARZ's spinoff unlocks shareholder value through digital transformation, targeted audience focus, and improved governance structure, positioning it as an attractive streaming partner.

The spinoff of STARZ from Lionsgate marks a strategic evolution in the streaming landscape. With 70% of revenue now digital-driven and a focused demographic approach targeting women and underrepresented audiences, STARZ has successfully transformed from a traditional linear channel to a digital-first entertainment company.

The separation received overwhelming approval from 99% of shareholders, indicating strong investor confidence in the standalone strategy. Particularly significant is the transition from a dual-class share structure to a single class of stock, which substantially improves corporate governance by equalizing voting rights – a change typically viewed favorably by institutional investors.

With 20 million subscribers across the U.S. and Canada, STARZ occupies a valuable mid-tier position in the streaming hierarchy. Rather than directly competing with streaming giants, the company positions itself as a "bundling partner of choice" – a complementary service that can integrate with larger platforms, creating multiple revenue pathways through strategic partnerships.

The company's content strategy centers on franchise development, with established properties like "Outlander" and "Power" maintaining cultural relevance for over a decade. This franchise-focused approach provides valuable IP that can drive subscriber acquisition while supporting the development of spinoffs and prequels.

While the separation provides STARZ with strategic independence and focus, it also means navigating the competitive streaming landscape without the scale advantages and content pipeline of a larger media conglomerate. However, the mention of an "ongoing partnership" with Lionsgate suggests continued content collaboration, likely maintaining access to Lionsgate's production capabilities while operating as an independent entity.

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SANTA MONICA, Calif., May 7, 2025 /PRNewswire/ -- STARZ today announced that it has completed its separation from Lionsgate and returns to being a standalone public company with trading commencing today on the Nasdaq Stock Market under the ticker symbol STRZ.

STARZ successfully transitioned from linear to digital profitably and is well positioned to drive long-term success with approximately 70% of its revenue now fueled by a robust digital footprint. STARZ's targeted content offering is complementary to any platform or service, making it the industry's bundling partner of choice. As a result, it is poised to grow through capitalizing on new bundling, distribution and other partnership opportunities.

STARZ's portfolio of strong programming includes some of the most popular series on television. Focused on its valuable and scalable core demos of women and underrepresented audiences, STARZ boasts five series that average nine to 12 million multiplatform viewers per episode. STARZ also has a proven track record of creating and expanding franchises with "Outlander" and "Power," both which have remained culturally relevant for over a decade including several "Power" Universe spinoff series and the highly anticipated "Outlander: Blood of My Blood" prequel series.

The Company has a subscriber base of 20 million (as of December 31, 2024) in the U.S and Canada.

"Today marks an important milestone in our history as we unlock significant value as a standalone business and advance our position as the leading premium entertainment destination for women and underrepresented audiences," said Jeffrey Hirsch, President and CEO of STARZ. "This separation comes at a pivotal time for the industry. Our strong balance sheet, compelling programming lineup and industry-leading tech stack will enable us to be nimble and capitalize on growth opportunities, while driving long-term success for our partners, audiences, employees and shareholders. We are thankful to Jon (Feltheimer) and the entire Lionsgate team for the past eight years of collaboration as well as for the ongoing partnership we'll maintain, and I look forward to beginning this new chapter for STARZ."

The separation was approved by over 99% of both Class A and B shareholders at an April 23 meeting. The former dual share structure will become a single class of stock as of today.

About STARZ

STARZ (NASDAQ: STRZ) is the leading premium entertainment destination for women and underrepresented audiences, and home to some of the most popular franchises and series on television. STARZ offers a robust programming mix for discerning adult audiences, including boundary-breaking originals and an expansive lineup of blockbuster movies, and is embodied by its brand positioning "We're All Adults Here." Complementary to any platform or service, STARZ is available across a wide range of digital OTT platforms and multichannel video distributors and is a bundling partner of choice. STARZ is powered by an industry-leading advanced technology, data analytics and digital infrastructure and the highly rated and first-of-its-kind STARZ app.

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SOURCE Starz Entertainment LLC

FAQ

What is STARZ's new stock symbol after separating from Lionsgate?

STARZ's new stock symbol is STRZ, trading on the Nasdaq Stock Market.

How many subscribers does STARZ have in 2024?

STARZ has 20 million subscribers in the U.S. and Canada as of December 31, 2024.

What percentage of STARZ's revenue comes from digital operations?

Approximately 70% of STARZ's revenue comes from its digital footprint.

What are STARZ's main content franchises?

STARZ's main content franchises include 'Outlander' and 'Power,' both of which have remained culturally relevant for over a decade.

What was the shareholder approval rate for STARZ's separation from Lionsgate?

Over 99% of both Class A and B shareholders approved the separation at an April 23 meeting.
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