Every 8-K that Starz Entertainment Corp. (STRZ) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 8-K covers material events a company has to report between its quarterly reports, so if you follow STRZ and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full STRZ filings page.
Starz Entertainment Corp. entered into an Amendment No. 1 and Incremental Amendment to its existing Credit and Guarantee Agreement on August 12, 2026. Through this amendment, subsidiary Starz Capital Holdings LLC increased the aggregate principal amount of revolving credit commitments by $33 million, creating an Upsized Revolving Credit Facility, and incurred an additional $67 million of senior secured term loans as Incremental Term Loans. After these changes, total revolving commitments are $183 million and total term loans are $367 million under the amended agreement. The Incremental Term Loans were fully borrowed on the closing date, and the company plans to use the proceeds, together with any borrowings and letters of credit under the upsized revolver, for working capital and other general corporate purposes.
Starz Entertainment Corp. reported second-quarter 2026 revenue of $307.9 million and an operating loss of $175.5 million, driven largely by $151.2 million of restructuring and other costs, including programming contract termination fees. Adjusted OIBDA was $59.9 million. Net loss was $189.4 million, or $11.27 per share.
For the six months ended June 30, 2026, net cash provided by operating activities was $45.0 million. In the quarter, Unlevered Free Cash Flow was $(14.7) million and Equity Free Cash Flow was $(33.4) million. Cash and cash equivalents were $59.6 million, with total debt of $625.1 million and Net Corporate Debt of $565.5 million, resulting in a trailing twelve‑month Adjusted OIBDA Leverage Ratio of 2.9x; the $150.0 million revolver remained undrawn.
The company reported positive year‑over‑year OTT revenue growth and reaffirmed its outlook for positive OTT revenue growth in 2026. Management raised its 2026 outlook for Adjusted OIBDA growth from low‑single‑digits to mid‑single‑digits and now expects Unlevered Free Cash Flow toward the mid‑to‑upper end of the prior $80 million to $120 million range, while reiterating an expected Adjusted OIBDA Leverage Ratio of approximately 2.7x exiting 2026.
Starz Entertainment Corp. reported the results of its Annual General and Special Meeting of Shareholders. Shareholder participation was high, with 91.71% of common shares entitled to vote represented in person or by proxy.
All nominated directors were elected, with support ranging from 66.61% to 98.13% of shares voted, confirming the existing board slate. Shareholders also approved the reappointment of Ernst & Young LLP as independent auditor for the fiscal year ending December 31, 2026, with 99.07% of votes cast in favor.
On governance matters, shareholders strongly preferred holding the advisory say‑on‑pay vote every year, with 98.47% of votes cast for a one‑year frequency. Executive compensation received 82.64% support in the advisory vote. The company has decided to hold future say‑on‑pay votes on an annual basis in line with this result.
Starz Entertainment Corp. reported first-quarter 2026 results with an operating loss of $(152.8) million and revenue of $306.9 million, down from $330.6 million a year earlier. Net loss from continuing operations was $(164.9) million, or $(9.83) per share.
Despite the loss, the company generated positive cash flow. Net cash provided by operating activities was $73.2 million, compared with a use of cash in the prior-year quarter. Unlevered free cash flow reached $80.7 million and equity free cash flow was $68.7 million, supported by lower cash paid for programming content.
Starz ended March 31, 2026 with cash and cash equivalents of $102.1 million and total debt of $625.1 million, resulting in net debt of $523.0 million and an Adjusted OIBDA leverage ratio of 3.1x. Adjusted OIBDA was $58.0 million, and management accelerated its outlook for achieving a 20% Adjusted OIBDA margin to the second half of 2027 while reiterating all 2026 outlook targets.
Starz Entertainment Corp. reported that Executive Vice President and General Counsel Audrey Lee will retire effective May 1, 2026, and will remain available for transition consultations through May 31, 2026.
Under a Separation Letter, Ms. Lee will receive a lump-sum cash payment equal to 18 months of base salary totaling $1,226,077.36, plus an additional lump-sum equal to 70% of that amount, or $858,254.15. She will also receive payment of COBRA health insurance premiums for up to 18 months after retirement, subject to COBRA coverage limits, and accelerated vesting of her outstanding equity awards. The agreement confirms that her departure qualifies for severance under her existing 2022 severance arrangement and that she will not participate in the Company’s 2026 equity grant cycle.
Starz Entertainment Corp. adopted a limited-duration shareholder protection rights agreement, issuing one right for each common share outstanding as of March 20, 2026 and for shares issued thereafter. Each right lets holders buy one common share at $93.00 if certain takeover thresholds are crossed.
The plan is triggered if any person or group acquires beneficial ownership of 17.5% or more of outstanding common shares, with several detailed exceptions. If triggered, other shareholders can buy shares at a 50% economic discount or receive shares in exchange, substantially diluting the acquiring party.
The rights are effective immediately, generally trade with the common shares until a separation event, and expire on March 10, 2027, unless ratified by shareholders to extend to March 10, 2029. The board may redeem all rights for $0.001 per right or amend the agreement, subject to limits after a person becomes an acquiring shareholder.
Starz Entertainment Corp. announced that director Harry E. Sloan has informed the Board that he will not stand for re-election at the Company’s upcoming 2026 Annual Meeting of Shareholders as he seeks to reduce his overall number of board mandates.
The Company states that Mr. Sloan’s decision is not due to any disagreement with Starz Entertainment Corp. regarding its operations, policies, or practices. He will continue to serve as a director until his current term expires at the 2026 Annual Meeting.
Starz Entertainment Corp. reported fourth-quarter 2025 revenue of $322.8 million, down from $344.5 million a year earlier, but significantly narrowed its operating loss to $(4.7) million. Net loss was $(20.7) million, or $(1.24) per share.
Profitability on a cash-like basis improved, with fourth-quarter Adjusted OIBDA rising to $55.5 million and trailing-twelve-month Adjusted OIBDA reaching $204.0 million. The company ended the quarter with $300 million outstanding on its Term Loan A, $325.1 million of senior unsecured notes, $35.7 million in cash and total net debt of $589.4 million, resulting in a total Adjusted OIBDA Leverage Ratio of 2.9%.
Starz grew its U.S. OTT subscribers to a record 12.7 million, up 890,000 or 7.6% year over year and 370,000 sequentially, while total U.S. subscribers increased to 17.6 million. Management stated it achieved or exceeded all 2025 outlook targets and for 2026 expects higher Adjusted OIBDA, growing OTT revenue, deleveraging to roughly 2.7x and a significant improvement in free cash flow.
Starz Entertainment Corp. approved a new employment agreement for President & CEO Jeffrey Hirsch following its separation from Lionsgate Studios Corp. The agreement runs from May 7, 2025 through December 31, 2028 and keeps him in his current roles. Mr. Hirsch will receive a base salary of $1,550,000 and an annual discretionary bonus targeted at 300% of base salary, subject to performance goals set by the Board’s Compensation & Talent Committee.
He is also eligible each year for long-term incentives, including time-based RSUs valued at $2,500,000 and three performance and stock price-based awards with potential values of $3,250,000, $3,250,000, and $6,000,000. The agreement details severance protections if he is terminated without cause, resigns for good reason, or leaves after a change in control, including cash severance and accelerated vesting of certain equity awards. It also includes confidentiality and non-solicitation covenants.
Starz Entertainment Corp. (STRZ) furnished quarterly results. The company submitted an 8-K announcing financial results for the quarter ended September 30, 2025.
The results were provided via a press release furnished as Exhibit 99.1 and incorporated by reference. The Item 2.02 information, including Exhibit 99.1, is not deemed “filed” under Section 18 of the Exchange Act. STRZ common shares trade on the Nasdaq Global Select Market.
Starz Entertainment Corp. announced that on August 20, 2025 the Board appointed Ed Wilson as a director. Mr. Wilson will serve on the Nominating & Corporate Governance Committee and the Audit & Risk Committee. He will be paid for his services as a non-employee director under the same compensation arrangements already disclosed in the company’s Annual Report filed with the SEC on June 26, 2025. The company stated there are no special arrangements or understandings relating to his selection and no transactions involving Mr. Wilson that would require separate disclosure under Item 404(a) of Regulation S-K.