- STARZ (STRZ, Financial) completes separation from Lionsgate and begins trading independently on the Nasdaq Stock Market.
- The company now generates 70% of its revenue through digital operations, highlighting its successful transformation.
- With 20 million subscribers in the U.S. and Canada, STARZ is well-positioned in the streaming market.
As of today, STARZ (STRZ) has successfully separated from Lionsgate and commenced trading as a standalone entity on the Nasdaq Stock Market. The separation was overwhelmingly approved by over 99% of both Class A and B shareholders at an April meeting, signaling strong investor confidence in the strategic move.
STARZ has undergone a significant transformation, with 70% of its revenue now coming from digital channels. This shift from a linear to a digital-first model positions the company as a key player in the competitive streaming landscape. With a robust subscriber base of 20 million across the United States and Canada, STARZ aims to leverage its digital footprint to drive long-term growth and success.
Focusing on women and underrepresented audiences, STARZ offers a unique portfolio that includes popular franchises such as "Outlander" and "Power." The company boasts five series that consistently attract between 9 to 12 million multiplatform viewers per episode. With a single class of stock now in place, STARZ has improved its corporate governance, which is often viewed positively by institutional investors.
Jeffrey Hirsch, President and CEO of STARZ, expressed optimism about the future, emphasizing the company's strong balance sheet, compelling programming, and advanced technology platform. These assets are expected to enable STARZ to capitalize on new opportunities, drive long-term success, and maintain its position as a premier entertainment destination.
