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May 04, 2015 2:46 AM ET

Media

Company Overview of Starz

Company Overview

Starz, through its subsidiaries, operates as a media and entertainment company. It operates through Starz Networks, Starz Distribution, and Starz Animation segments. The Starz Networks segment provides premium subscription video programming to U.S. multichannel video programming distributors (MVPDs), including cable operators, satellite television providers, and telecommunications companies. Its networks include Starz and Encore, which air film content, as well as original series and specials without advertisements; and MoviePlex that offers various art house, independent films, and classic movie library content. This segment also provides online access to the content that air on their linea...

8900 Liberty Circle

Englewood, CO 80112

United States

Founded in 2007

955 Employees

Phone:

720-852-7700

Key Executives for Starz

Chief Executive Officer, Director and Member of Executive Committee
Age: 61
Total Annual Compensation: $1.3M
President
Age: 55
Total Annual Compensation: $700.0K
Chief Financial Officer, Executive Vice President and Treasurer
Age: 53
Total Annual Compensation: $585.0K
Managing Director
Age: 54
Total Annual Compensation: $694.8K
Executive Vice President and General Counsel of Business & Legal Affairs
Age: 64
Total Annual Compensation: $344.0K
Compensation as of Fiscal Year 2014.

Starz Key Developments

Starz Announces Consolidated Earnings Results for the First Quarter Ended March 31, 2015

Starz announced consolidated earnings results for the first quarter ended March 31, 2015. For the first quarter, Starz consolidated revenue was $450.7 million, adjusted OIBDA was $155.5 million and operating income was $142.5 million. Adjusted OIBDA increased 14% to $129.7 million, primarily as a result of the increase in revenue and lower programming costs, which were partially offset by increased cooperative marketing efforts with the company's distributors. The company reported first-quarter earnings of $84.6 million and net income of 79 cents. Cash used in operations was $5.8 million as compared to $41.3 million of cash provided by operations during first quarter of 2014. The use of cash in first quarter 2015 was due to increased cash spending related to the ramp-up in original programming lineup and timing of payments under agreements with Disney and The Weinstein Company.

Starz Promotes Ken Segna to Senior Vice President, Original Programming

Starz announced the promotion of Ken Segna to Senior Vice President, Original Programming. Based in the company’s Beverly Hills office, Segna will continue to take the lead on new development and current productions including STARZ Original series 'Power,' executive produced by Curtis '50 Cent' Jackson, creator and showrunner Courtney Kemp Agboh (Emmy® nominated for 'The Good Wife'), Mark Canton, Randall Emmett and David Knoller; and 'Survivor’s Remorse,' which LeBron James serves as an Executive Producer along with Maverick Carter, Paul Wachter, Hilton Smith, Victor Levin and Tom Werner, currently Chairman of the Boston Red Sox. Mike O’Malley, (Emmy®-nominated actor for his role on 'Glee') also serves as Executive Producer and writer for 'Survivor’s Remorse.' Segna will oversee the production of 'The Girlfriend Experience,' a 13-part anthology series executive produced by Steven Soderbergh, Philip Fleishman and Gary Marcus; and 'The One Percent,' a 10-episode drama series from Director/Writer/Executive Producer Alejandro González Iñárritu, Academy Award® winner for Best Director for 'Birdman.' Fellow Academy Award winners for 'Birdman' Alexander Dinelaris, Nicolás Giacabone and Armando Bo serve as writers/executive producers for 'The One Percent' starring Ed Helms and Hilary Swank. Segna will also manage the production of 'Counterpart,' a supernatural thriller drama series starring Oscar® winner J.K. Simmons (Whiplash) with Oscar-nominated Morten Tyldum (Imitation Game) set to direct the first two episodes. Segna also serves as the development lead on STARZ Original Series 'American Gods,' FremantleMedia North America’s (FMNA) adaptation of Neil Gaiman’s acclaimed urban fantasy novel 'American Gods'.

Vivendi Repotredly Looking To Acquire Lions Gate, Starz

Vivendi Société Anonyme (ENXTPA:VIV) is in talks to acquire Lions Gate Entertainment Corp. (NYSE:LGF) and Starz (NasdaqGS:STRZ.A).

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