Starz CEO Jeff Hirsch said the long-in-the-works separation of the premium linear and streaming programmer from Lionsgate’s studio unit will be a boost to both entities.
Starz CEO Jeff Hirsch said the long-in-the-works separation of the premium linear and streaming programmer from Lionsgate’s studio unit will be a boost to both entities.
Lionsgate Vice Chair Michael Burns said the company is set to split in two by year end with a first step in early April as the studio merges with a SPAC and starts to trade separately from Starz on the Nasdaq under the stock symbol LION.
Starz on Wednesday canceled after two seasons and removed the horror comedy starring Courteney Cox from its digital platforms. In an interview published Thursday, Minx star Jake Johnson told Deadline that he did not expect a Season 3 renewal for the period erotic comedy, which had been rescued by Starz after its cancellation by Max.
Lionsgate CFO Jimmy Barge said the company will see little to no financial impact from a three-month WGA strike – about how long the guild’s last work stoppage lasted — and that it hasn’t factored prolonged labor action into its guidance. A strong content pipeline and large library makes the business pretty resilient, he told analysts Thursday.
Lionsgate CEO Jon Feltheimer said the company is planning to unveil its plans for Starz by the late summer and close a deal by next spring as the process to monetize the premium channel and streamer moves forward.
Starz CEO Jeff Hirsch said 50% of the movies in its sunsetting first window deal with Sony did less than $10 million at the box office, a reason it moved to a new agreement with sister company Lionsgate/Summit, whose pictures are fewer but resonate more with the Starz audience.
Starz topper Jeff Hirsch says targeting women for his fast-growing premium cable and streaming audience just makes business sense. "We saw as we got more of our data capability that women are really driving our business.
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