Starz, through its subsidiaries, operates as a media and entertainment company. The company’s business operations are conducted by its wholly-owned subsidiaries: Starz Entertainment, LLC (Starz Entertainment); Film Roman, LLC (Film Roman); and its majority-owned subsidiary, Starz Media Group, LLC (Starz Media), which is owned 25% by The Weinstein Company LLC (Weinstein). Segments The company operates through Starz Networks, Starz Distribution, and Starz Animation segments. Starz Networks segment The Starz Networks segment provides premium subscription video programming to the 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 linear networks through STARZ PLAY, ENCORE PLAY, and MOVIEPLEX PLAY. As of December 31, 2014, these networks were available for subscription in approximately 100 million multichannel households, and together STARZ and ENCORE served 57.3 million subscribers. Its third network, MOVIEPLEX, offers art house, independent films and classic movie library content. STARZ and ENCORE, along with MOVIEPLEX, air approximately 1,000 movies monthly across 17 linear networks complemented by on-demand and online services. The STARZ networks target a balanced composition of men and women in the 25 to 54 age group who have higher levels of education. Its ENCORE networks are sold in both premium programming packages together with STARZ networks and in less expensive digital programming packages depending on the distributor. ENCORE targets male adults in the 35 to 50 age group (more targeted for the theme channels). MOVIEPLEX is sold primarily in less expensive digital programming packages and together with ENCORE networks depending on the distributor. Together with its theme channels, INDIEPLEX and RETROPLEX, MOVIEPLEX targets an age range of men and women 35 and older. Regulations: The company is required to obtain any necessary music performance rights from the rights holders. These rights are controlled by the music performance rights organizations of the American Society of Composers, Authors and Publishers (ASCAP), Broadcast Music, Inc. (BMI) and the Society of European Stage Authors and Composers (SESAC), each with rights to the music of various artists. Competition: The company competes with other programming networks, including premium television network providers HBO/Cinemax, Showtime and EPIX, for viewing and subscribership by each distributor’s customer base. Starz Distribution segment The Starz Distribution segment includes the operations of Anchor Bay Entertainment, Starz Digital and Starz Worldwide Distribution businesses. Anchor Bay Entertainment sells or rents DVDs (standard definition and Blu-ray) under the ANCHOR BAY brand, in the U.S., Canada and other international territories to the extent it has home entertainment rights to such content in international territories. Anchor Bay Entertainment acquires and licenses various titles from third parties and also develops and produces certain of its content. Anchor Bay Entertainment also distributes Starz Networks’ original series and Weinstein’s titles. These titles are sold to and distributed by regional and national retailers and other distributors, including Amazon, Best Buy, Ingram Entertainment, Netflix, Redbox, Target and Wal-Mart. Anchor Bay Entertainment has a direct vendor relationship with the major North American retailers. Starz Digital is a distributor of content on pay-per-view, video-on-demand, subscription video-on-demand (SVOD), electronic sell-through and other digital formats for its owned content, including Starz Networks’ original series, and content for which the company has licensed the home entertainment ancillary rights in the U.S. and throughout the world to the extent it has rights to such content in international territories. Starz Digital also distributes Weinstein’s titles. Starz Worldwide Distribution is a distributor of movies, television series, documentaries, children’s programming and other video content. Starz Worldwide Distribution exploits the company’s owned content, including Starz Networks’ original series, and content for which it has licensed ancillary rights on free or pay television in the U.S. and throughout the world on free or pay television and other media to the extent it has rights to such content in international territories. Competition: Starz Distribution competes to sell content against all of the major Hollywood studios, including Disney, Paramount, Sony, Twentieth Century Fox, Universal and Warner Bros., as well as smaller studios such as Lionsgate. Starz Distribution also competes with independent distributors that are not affiliated with a Hollywood studio, such as Cinedigm Corp., Entertainment One, Gaiam, Magnolia Pictures and RLJ Entertainment. Starz Animation segment The Starz Animation segment develops and produces two-dimensional animated content for various third party entertainment companies. Strategy The company focuses on the following strategic goals: growing original programming line-up; embracing new content delivery technologies and devices; and leveraging both the STARZ brand as well as original series in new markets internationally.
starz - b
(STRZB:Consolidated Issue Listed on NASDAQ Global Select )
8900 Liberty Circle
Englewood, CO 80112
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