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Last $37.60 USD
Change Today 0.00 / 0.00%
Volume 0.0
As of 8:10 PM 09/3/15 All times are local (Market data is delayed by at least 15 minutes).

starz - b (STRZB) Key Developments

Starz Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015

Starz reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported total revenue of $417.7 million compared to $410.1 million a year ago. Revenue increased 2%, due primarily to higher effective rates for its networks. Operating income was $110.5 million compared to $104.8 million a year ago. Income before income taxes was $97.1 million compared to $104.0 million a year ago. Net income attributable to stockholders was $63.4 million or $0.59 per diluted share compared to $70.1 million or $0.62 per diluted share a year ago. Adjusted OBIDA was $117.4 million compared to $123.4 millino a year ago. For six months, the company reported total revenue of $868.4 million compared to $830.1 million a year ago. Operating income was $253.0 million compared to $218.3 million a year ago. Income before income taxes was $226.2 million compared to $206.5 million a year ago. Net income attributable to stockholders was $148.0 million or $1.38 per diluted share compared to $135.0 million or $1.18 per diluted share a year ago. Net cash used in operating activities was $26 million compared to net cash provided by operating activities was of $60 million a year ago. Purchases of property and equipment were of $5.8 million compared to $3.2 million a year ago.

Starz Announces Board Promotions

Starz announced the promotion of Judy Batenburg to Senior Vice President, IT Services and Vince Hostak to Senior Vice President, Post-Production. Based in the company’s Colorado headquarters, Batenburg is responsible for IT Services, which includes the web infrastructure and computing services, including internal and cloud hosting. She also oversees IT Solutions Engineering, Client Engineering & Operations, Desktop architecture and engineering, and Technology Procurement. Batenburg, who most recently served as Vice President of IT Services for Starz prior to her promotion, was honored as a ComputerWorld Premier 100 IT Leader in 2013, and has presented numerous industry presentations on transforming IT organizations, managing global infrastructures and BYOD. She is currently Co-Chair of the Society for Information Management (SIM) Women group and previously served as Co-Chair of the Colorado Technology Association’s Women in Technology group. Prior to joining Starz in 2007, Batenburg served as IT director at IHS, overseeing global operations, help desk, infrastructure and IT program management. In his new role as senior vice president, Hostak oversees post-production for promotions and marketing of STARZ and ENCORE services and original series including 'Power', 'Outlander', 'Black Sails,' 'Survivor’s Remorse' and 'Blunt Talk'. He collaborates with Programming Operations, Media Systems & IT Development, IT Infrastructure & Operations to support ongoing and future distribution opportunities. Also based in the company’s Colorado headquarters, Hostak aligns the creative and technical support teams of craft editors, sound designers, managers, system administrators and post production coordinators in production and post-supply chain management for STARZ and ENCORE. Promoted from Vice President of Post Production, Hostak joined Starz in 2005 after serving as Director of Physical Production and Production Facilities at the University of Texas Film Institute and Burnt Orange Productions. Hostak also served as GM/Principal at 501 Post – a nationally-recognized post-production company with national advertising agency, broadcast, film and music publishing clients.

Jeffrey A. Hirsch Joins Starz as President of Global Marketing and Product Planning

Starz CEO Chris Albrecht announced that Jeffrey A. Hirsch will join the company on July 20, 2015 in the newly-created position of President of Global Marketing and Product Planning. Hirsch will be based in the company’s Beverly Hills offices and report to Albrecht. Hirsch’s responsibilities will include overseeing the development of new Starz products and services for the company’s current and prospective new distributors, both domestic and abroad. Hirsch will be working in close coordination with the company’s strategy, distribution, marketing and product planning teams with a focus on optimizing worldwide sales and revenue growth efforts and increasing Starz brand awareness through the company’s expanding portfolio of original programming.

Starz to Report Q2, 2015 Results on Jul 29, 2015

Starz announced that they will report Q2, 2015 results at 1:00 PM, US Eastern Standard Time on Jul 29, 2015

Starz, Q2 2015 Earnings Call, Jul 29, 2015

Starz, Q2 2015 Earnings Call, Jul 29, 2015

 

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STRZB

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Valuation STRZB Industry Range
Price/Earnings 14.1x
Price/Sales 2.2x
Price/Book 20.0x
Price/Cash Flow 11.3x
TEV/Sales 1.3x
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