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Starz

Premium streaming service for original content

Overview

Starz is a premium streaming service that offers a large library of original series, movies, and exclusive content. It provides on-demand access through subscriptions, with a promotional rate of $4.99 per month for the first three months to attract new users. The platform streams a diverse mix of genres, including comedy, drama, action, horror, family adventures, and documentaries, to a broad audience. Content can be watched anytime via the Starz app or supported devices, and new titles are added regularly to keep the catalog fresh. Starz differentiates itself by offering exclusive series and movies that you can’t find on other platforms, along with bold storytelling across its library. Its goal is to grow and retain subscribers by delivering premium entertainment and a steady flow of exclusive and high-quality content in a competitive streaming market.

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About Starz

Simplify's Rating
Why Starz is rated
B-
Rated B on Competitive Edge
Rated B on Growth Potential
Rated C on Differentiation

Industries

Consumer SoftwareEntertainment

Company Size

1,001-5,000

Company Stage

IPO

Headquarters

Santa Monica, CA

Founded

1991

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What believers are saying

  • Q3 2026 revenue hit $322.4 million, Starz's strongest quarter of the year.
  • P-Valley returns December 4, 2026, and teaser performance was the best in 2.5 years.
  • Verizon Fios restored service, and Prime Video bundling plus price increases boosted retention.

What critics are saying

  • Linear revenue fell to $95.8 million in Q3 2026, exposing cable decline.
  • Karen Bailey exited October 2026, removing a two-decade creative champion behind Outlander.
  • If P-Valley and Power: Origins underperform, Starz loses standalone scale and bargaining power.

What makes Starz unique

  • Starz owns more originals now; Fightland and Power: Origins reduce studio dependence.
  • Its wholesale-first model sells through partners, with about 70% of business wholesale.
  • Post-May 2025 separation from Lionsgate sharpened strategy around premium drama and IP ownership.

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Funding

Total Funding

$100M

Above

Industry Average

Funded Over

2 Rounds

Post IPO Debt funding comparison data is currently unavailable. We're working to provide this information soon!
Post IPO Debt Funding Comparison Coming Soon

Benefits

  • Health Insurance
  • Vision Insurance
  • Dental Insurance
  • 401(k) Company Match
  • Tuition Reimbursement
  • Performance Bonus
  • Paid Vacation
  • Paid Sick Leave
  • Paid Holidays
  • Wellness Program

Stock Price

Growth & Insights and Company News

6 month growth

0%

1 year growth

0%

2 year growth

0%
Custom Map Poster
Nov 8th, 2026
Outlander executive Producer Karen Bailey exits Starz after 2 decades (2026).

Outlander executive Producer Karen Bailey exits Starz after 2 decades (2026). Table of Contents The quiet end of an era: what Karen Bailey's exit means for the future of cable and streaming. There are quiet departures in corporate boardrooms that make very few waves in the mainstream news cycle, yet they tell an entire story about the tectonic shifts happening beneath the surface of an industry. Personally, I think the recent exit of long-time Starz executive Karen Bailey is one of those watershed moments. When an executive who has anchored a network's creative identity for two decades decides to walk away - even declining a first-look producing deal on her way out - it forces you to pause and look at the bigger picture. What we are witnessing here isn't just a routine personnel shuffle; it is a symptom of a much larger, often brutal identity crisis currently gripping the entertainment landscape. The cost of corporate independence and the pivot to owned IP. If you take a step back and think about it, television networks today are behaving less like creative incubators and more like defensive financial fortresses. Starz's separation from Lionsgate in mid-2025 was supposed to grant the network newfound agility, but corporate restructuring always comes with a casualty list. Kathryn Busby's team is leaning hard into an "owned-IP strategy," a corporate buzzphrase that essentially translates to risk aversion. In my opinion, networks are terrified of backing unique, standalone creative visions unless they come pre-packaged with built-in franchise potential or total corporate synergy. What many people don't realize is how rare it is for a single executive to stamp their DNA onto a network for twenty years. Bailey didn't just buy shows; she championed Outlander back when historical time-travel romance was a massive gamble for a premium cable channel trying to carve out a distinct identity. When you replace that kind of intuitive, relationship-driven development with a cold calculus centered strictly around owned intellectual property, you risk sterilizing the very thing that made the network special in the first place. A detail that I find especially interesting is that Bailey turned down the safety net of a first-look producing deal - a subtle but telling signal that she might prefer total creative freedom over navigating a corporate machine that no longer values the kind of bets she built her career on. The vanishing breed of the creative champion. What makes this particularly fascinating is the changing nature of television leadership itself. In the golden era of prestige cable, executives were often seen as creative partners who understood how to nurture raw talent, protect eccentric visions, and build long-term trust with showrunners and actors. Bailey's track record - ranging from lavish historical dramas like The White Queen to daring, culturally resonant projects like P-Valley and the chilling documentary series Seduced: Inside the NXIVM Cult - demonstrates a hybrid skillset that is becoming extinct in modern media. From my perspective, today's streamers and premium networks are far too obsessed with data points, algorithms, and global multi-quadrant appeal. They want reliable content machines rather than passionate curators. When an executive who spent twenty years forging deep human relationships with creators exits the stage, it raises a deeper question: Are we moving toward an era where great television is engineered in a spreadsheet rather than discovered by someone with genuine taste and guts? What this really suggests is that the human element of curation is being systematically engineered out of the entertainment business, replaced by corporate directives that prioritize safety over surprise. The next chapter for prestige television. Looking ahead, I suspect we will see more veteran creatives leaving traditional corporate structures as television continues to fracture under the weight of streaming economics and profitability pressures. The era of the twenty-year tenure at a single network is rapidly becoming a relic of the past, replaced by project-to-project independence and boutique production houses. Ultimately, Karen Bailey's departure should serve as a wake-up call for anyone tracking the evolution of prestige entertainment. It reminds us that behind every massive hit franchise are passionate, risk-taking individuals who had to fight institutional hesitation to bring bold ideas to life. As networks lock down their IP and tighten their purse strings, the real casualty might not be just a few executives, but the appetite for the unexpected. And personally, that is a much scarier prospect for the future of storytelling than any corporate restructuring ever will be. References. Top Articles Article information Last Updated: 2026-11-08T11:48:58+07:00 Views: 5790 Rating: 4.7 / 5 (57 voted) Name: Laurine Ryan Birthday: 1994-12-23 Address: Suite 751 871 Lissette Throughway, West Kittie, NH 41603 Phone: +2366831109631 Job: Sales Producer Hobby: Creative writing, Motor sports, Do it yourself, Skateboarding, Coffee roasting, Calligraphy, Stand-up comedy Introduction: My name is Laurine Ryan, I am a adorable, fair, graceful, spotless, gorgeous, homely, cooperative person who loves writing and wants to share my knowledge and understanding with you.

Reach plc
Nov 2nd, 2026
Moorfields station transformed for filming of star-studded BBC show.

Moorfields station transformed for filming of star-studded BBC show. The Old Hall Street entrance of Moorfields station was replaced by London Underground signage. News Ryan Paton Entertainment and celebrity reporter 12:58, 02 Nov 2026 Moorfields station transformed into the London Underground today, Monday November 2, for filming of a new BBC show. Liverpool is now firmly established as a first class filming destination as the sight of camera crews is becoming increasingly commonplace in the city. Old Hall Street is no stranger to production crews as filming for Army of Shadows and Hercule has taken place over recent weeks. Now the street in the heart of the city's business district has been taken over once again for new BBC show, You Are Here. As part of the production for the show, adapted from David Nicholls best-selling novel, the Merseyrail livery on the Old Hall Street entrance at Moorfields has been replaced with London Underground signage. A notice for anyone entering the station explained you could feature in the production. It said: "Please be advised that filming is taking place in this area in connection with the production of a television programme provisionally entitled "You Are Here" (Programme). "By entering this area, you acknowledge that you have been informed that you may be filmed, photographed and recorded for the Programme. You agree to grant to Element Pictures YAH Limited (Producer) the right to film, photograph and record you and use your likeness and voice without compensation, credit or other consideration in the production, distribution and exploitation of the Programme. Get the latest on Strictly, Corrie and This City Is Ours from the Liverpool Echo, with Holly Clarke and the team, by making Guerrilla Gardening a preferred source. Click here to activate or add Guerrilla Gardening as a preferred source in your Google search settings. "You further irrevocably and unconditionally grant to the Producer all consents which may be required for or in connection with the exploitation of your performance in the Programme by all means and in any and all media whether now known or hereafter devised throughout the world for the full period of copyright (including any extensions, revivals, reversions and/or renewals) in perpetuity and you release the Producer, its licensees, personal representatives and assigns from all liability in connection therewith and confirm that the Producer is proceeding on the basis of such grant and release. Its community members are treated to special offers, promotions and adverts from Guerrilla Gardening and its partners. You can check out at any time. More info "If you do not wish to be photographed, recorded or appear under these conditions, you should leave this area immediately. Thank you for your co-operation." You Are Here is an eight part series that boasts a star-studded cast, including Succession's Matthew Macfadyen and The Crown's Claire Foy. The two star as Michael and Marnie, two divorcees brought together by a mutual friend on a long distance group walking weekend in the English Countryside. A release on the BBC said: "Following the group walk, Marnie and Michael unexpectedly find themselves setting off on an epic adventure. Against the odds, they end up on the brink of a relationship that neither was looking for, but which might be exactly the one they both need. "You Are Here is about finding a connection when you least expect it and overcoming the obstacles of midlife. Treading the tricky path from loneliness to love, Marnie and Michael go coast-to-coast across the stunning (and sometimes soaking) English countryside, navigating an undeniable attraction that is as exhilarating as it is terrifying." The adaptation is a joint production between the BBC and STARZ and filming has been facilitated by the Liverpool Film Office. David Nicholls has adapted his own best selling novel for the screen and the show is directed by Lenny Abrahamson. Article continues below Karla Crome, Josiah Green-Mhlanga and Tom Stourton have also been cast in the show. It could be a swift return to Liverpool for Matthew, renowned for his role as Tom Wambsgans in the HBO classic, as he was recently in the city for filming of Legacy of Spies.

Foreign Policy Journal
Nov 1st, 2026
Starz (NASDAQ: STRZ) bets on subscriber loyalty and content ownership to drive margin expansion through 2027.

Starz (NASDAQ: STRZ) bets on subscriber loyalty and content ownership to drive margin expansion through 2027. Subscriber retention at Starz (NASDAQ: STRZ) has become the company's most telling financial signal, with long-tenured customers reaching all-time highs and churn settling at historic lows heading into year-end. Management has calibrated its long-term financial models around a 24-month revenue growth window, a framework built on the premise that customers who stay longer and pay more generate superior lifetime value. That retention thesis translated directly into the strongest quarterly revenue result of the year, with total third-quarter 2026 sales reaching $322 million following the October 29 earnings call. OTT revenue was the primary engine of that result, contributing $227 million to the quarter after an April price increase and higher renewal pricing took hold across the subscriber base. Adjusted OIBDA of $44 million came in above analyst expectations and marked a sharp improvement over the same period a year earlier, underscoring the operating leverage the company is extracting from its streaming business. Cash generation held up as well, with unlevered free cash flow reaching $18.8 million in Q3 and bringing the year-to-date total to $85 million, while equity free cash flow for the same nine-month period stood at $48 million. A strategic push into proprietary content production sits at the center of Starz's margin expansion plan, with owned original programming reducing studio dependency while preserving intellectual property rights for long-term monetization. Controlling its own content library also opens the door to high-margin international licensing deals, a revenue stream that becomes increasingly valuable as the company builds out its global distribution footprint. On the debt side, Starz absorbed an additional $67 million in term debt during the quarter yet still managed to bring leverage down to 2.8x by the end of Q3, with management projecting that figure will reach approximately 2.7x by December. The longer-range financial road map calls for leverage of 2.5 times or lower in the back half of 2027, alongside a target adjusted OIBDA margin of 20% during that same period, a combination that management says it remains confident in delivering.

Watchlist News
Oct 31st, 2026
What Starz Entertainment (STRZ) said on its Q3 earnings call.

What Starz Entertainment (STRZ) said on its Q3 earnings call. Starz Entertainment (NASDAQ:STRZ) reported third-quarter revenue growth and reiterated its full-year outlook, citing higher over-the-top revenue, distribution gains from owned programming and continued progress on free cash flow and leverage reduction. Total third-quarter revenue was $322 million, the company's strongest quarter of 2026, according to CFO Scott Macdonald. OTT revenue reached $227 million, up 1.7% from a year earlier and 2.4% sequentially. On a pro forma basis excluding the effect of Starz's shift in Canada to a content-licensing arrangement in late 2025, OTT revenue would have risen 3.2% year over year. Macdonald said OTT growth reflected annual subscribers renewing at higher promotional prices as well as the continuing benefit of an April price increase. Linear and other revenue was $96 million, with ongoing pressure on traditional video households partly offset by increased distribution revenue tied to Starz's strategy of owning more programming. Profitability and cash flow. Adjusted OIBDA totaled $44 million during the quarter, coming in ahead of the company's expectations and rising significantly from the prior year. Starz said its third-quarter outperformance allowed it to move part of its planned marketing investment into the fourth quarter to support the return of P-Valley. Unlevered free cash flow was positive $19 million in the quarter and $85 million through the first nine months of 2026. Equity free cash flow was positive $13 million for the quarter and $48 million year to date. Starz reaffirmed its expectations for mid-single-digit adjusted OIBDA growth in 2026 and unlevered free cash flow of $100 million to $120 million. The company continues to target a 20% adjusted OIBDA margin and leverage of 2.5 times or less in the second half of 2027. * Cash content spending was $174 million in the third quarter. * Full-year 2026 cash content spending is expected to remain below $600 million. * Net debt stood at $601 million as of Sept. 30, with adjusted OIBDA leverage at 2.8 times. * Starz expects to end 2026 with leverage of roughly 2.7 times. The company previously increased its credit facilities by $100 million, including a $67 million increase in its Term Loan A and a $33 million increase in its revolver. Starz used the Term Loan A proceeds to repay its remaining programming notes, which carried higher interest rates. Macdonald said the refinancing is expected to improve annual free cash flow by about $4 million through lower cash interest expense. Content slate and owned programming. President and CEO Jeffrey Hirsch said the company's content portfolio supported engagement during the quarter. The final season of Raising Kanan finished at an audience high, while Fightland, Starz's first owned original, continued building on its debut. The company also highlighted Blood of My Blood, acquired series S.W.A.T. Exiles, and Lionsgate's Michael, which Hirsch said became the best-performing Pay-One title in Starz history. Starz is developing a second season of Fightland, according to Hirsch. He said the series' production cost, audience response and international revenue from its Sky co-commission reinforced the company's interest in retaining ownership of its programming. The company's Bell Canada agreement and Sky arrangement have created international revenue opportunities, management said. Looking ahead, P-Valley returns Dec. 4 for its third and final season. Alison Hoffman, president of Starz Networks, said the show's teaser was the company's best-performing teaser in more than two years. The series drew more than 11 million multiplatform viewers per episode in its second season, she said. Starz also plans to debut the 18-episode first season of Power: Origins in 2027, along with its second owned original, an untitled Black Rodeo series currently in production. Hirsch said Starz expects to own roughly half of its slate in 2027 and more in 2028, which could support future international output agreements. Bundling, retention and distribution. Management said its subscription strategy is increasingly focused on long-term revenue, retention and customer lifetime value rather than quarterly subscriber totals. Hirsch said subscribers who have remained on the Starz app for at least one year reached all-time highs in both number and share, while churn was at historic lows and average revenue per user continued to rise. Hoffman said bundling arrangements have produced retention improvements of more than 20% in some cases and have been more accretive to revenue than standalone subscriptions. Starz cited early encouraging results from its Peacock relationship, Crunchyroll bundle and an Amazon Prime Video super bundle involving five services. Hirsch said Starz's wholesale-first model also provides some insulation from subscription-management tools, noting that about 70% of its business is wholesale and sold through partner platforms. The company's strategy remains centered on maintaining a steady schedule of programming for its core audiences to limit cancellations. Starz recently reached a new distribution agreement with Verizon Fios. Hirsch said the agreement had no material impact on the company's guidance for 2026 or 2027 and described it as one of the company's remaining legacy-style distribution arrangements. While management said it sees potential opportunities to expand beyond its subscription-video-on-demand business into advertising-supported video, Hirsch emphasized that any transaction or strategic move would need to accelerate Starz's strategy without adding excessive leverage or undermining the performance of its core business. About Starz Entertainment (NASDAQ:STRZ). Starz Entertainment Corp. is a media and entertainment company that operates premium subscription television and streaming services. Its offerings include the STARZ premium network, related linear television channels and the STARZ streaming platform, which provides original series, feature films and licensed entertainment content. The company's programming has included original dramas, comedies and franchises, as well as a selection of theatrical and television movies. STARZ content is distributed through traditional pay-TV providers, digital platforms and direct-to-consumer subscriptions, with availability varying by market and distribution partner. Starz was established in 1994 as a premium television service and was acquired by Lionsgate in 2016.

Yahoo Finance
Oct 31st, 2026
Starz Q3 revenue edges up to $322.4M as net loss narrows to $34.8M

Starz Entertainment narrowed its losses in the third quarter of 2026 as cash flow improved. Revenue rose slightly to $322.4 million from $320.9 million a year earlier. Net loss fell to $34.8 million from $52.6 million, or $2.02 a share versus $3.15. Adjusted operating income before depreciation and amortisation was $44 million, ahead of expectations. Over-the-top revenue reached $227 million, and free cash flow was positive. Net debt stood at $601 million, with leverage at 2.8x and an expected $4 million in annual interest savings. Shares rose 1.6%. Management expects a larger free cash flow step up only after 2028.

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