Bank of Montreal reports passive ownership of 1,804,050 common shares (10.75%) of STARZ ENTERTAINMENT CORP as of 03/31/2026. The filing lists the reporting group members—Bank of Montreal, BMO Financial Corp., BMO Capital Markets Corp., BMO Bank N.A., and BMO Family Office, LLC—and shows sole voting and dispositive power associated with the reported holdings. The schedule notes some shares are held in the ordinary course of business for clients.
Starz Entertainment Corp. is holding its first annual general and special meeting as a standalone public company on May 15, 2026, asking shareholders to elect 11 directors, re-appoint Ernst & Young LLP, and approve advisory votes on executive pay and say‑on‑pay frequency.
The proxy highlights 2025 transition-year progress: approximately $1.3 billion in revenue, 12.7 million U.S. OTT subscribers (up 7.6% year over year), leverage of 2.9x versus 3.1x guidance, and a business now deriving roughly 70% of revenue and subscribers from OTT platforms.
Management expects 2026 unlevered free cash flow of $80–120 million, low‑single‑digit adjusted OIBDA growth, OTT revenue growth, and leverage of roughly 2.7x by year‑end. The filing also details board composition, investor rights arrangements, ESG initiatives, and human capital programs supporting diversity, training, and employee engagement.
Allen Family Capital, LLC, led by Byron Allen Folks, has acquired a significant stake in STARZ ENTERTAINMENT CORP. The firm bought 1,803,786 common shares from Liberty 77 Fund entities for $25 million, or $13.86 per share, in a transaction that closed on March 6, 2026.
This holding represents approximately 10.7% of Starz’s outstanding common shares, based on 16,781,237 shares outstanding as of February 11, 2026. The reporting persons state they may buy more shares, hold, or sell, and may discuss potential strategic or extraordinary transactions with Starz management, the board, and other shareholders.
Allen Family Capital, LLC filed an initial ownership report for STARZ Entertainment Corp1,803,786 common shares
The filing states that Byron Allen Folks may be deemed to share beneficial ownership of the shares held of record by Allen Family Capital, LLC. The entry is categorized as a holding, with no buy or sell transactions reported, and reflects the position as of the reported date.
Hirsch Jeffrey reported acquisition or exercise transactions in this Form 4 filing.
Starz Entertainment Corp. reported that President and CEO Jeffrey Hirsch received an equity award of 192,012 common shares on March 4, 2026, recorded at a price of $0.00 per share as a grant. Following this grant, he holds 452,219 common shares directly.
A footnote explains these holdings include multiple restricted share unit (RSU) awards payable in common shares, including 49,928 RSUs vesting on July 3, 2026, 89,154 RSUs vesting in equal installments on July 1, 2026 and 2027, 61,517 RSUs vesting in equal installments on August 4, 2026–2028, and the new 192,012 RSUs vesting in three equal installments on March 4, 2027–2029.
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. common shares were sold by Liberty-affiliated funds in a large insider transaction. Liberty 77 Fund L.P. and Liberty 77 Fund International L.P. sold 1,803,786 common shares of Starz in an open-market transaction at $13.8597 per share. After this sale, the reporting entities list zero common shares indirectly owned. The Liberty Funds are managed through a chain of related entities including Liberty 77 Capital L.P., Liberty 77 Capital Partners L.P., Liberty Capital L.L.C., and STM Partners LLC, whose president is Steven T. Mnuchin. Each reporting person disclaims beneficial ownership of the securities except to the extent of its or his pecuniary interest.
Liberty 77 Capital and related funds have agreed to sell their entire stake in Starz Entertainment Corp. common shares in a private transaction for aggregate consideration of $25 million. The transaction is expected to close no later than March 13, 2026, after which the reporting persons will no longer be beneficial owners of the company’s stock. The cover pages for Liberty 77 entities and Steven T. Mnuchin each now show 0 shares and 0.00% of the class, reflecting the effects of this planned sale.