STARZ Completes Separation from Lionsgate, Begins Trading as STRZ on Nasdaq

STARZ Completes Separation from Lionsgate

In a significant move on May 7, 2025, STARZ has successfully finalized its separation from Lionsgate, marking the company's return as a standalone public entity with shares now trading on the Nasdaq under the ticker symbol STRZ. This event signals a new chapter for STARZ, which has established itself as a prominent player in the premium entertainment sector, particularly catering to women and underrepresented audiences.

STARZ has notably made the transition from traditional linear media to a profitable digital operation, with around 70% of its revenue now generated through its robust digital infrastructure. This strategic shift positions the company favorably within the industry, allowing it to not only sustain but also drive long-term success. STARZ aims to expand its growth potential by leveraging its unique content offerings and fostering partnerships that enhance its distribution and bundling opportunities.

The STARZ portfolio is a powerhouse of popular programming, boasting series that consistently draw impressive viewer numbers. With a subscriber base totaling 20 million as of December 31, 2024, the company is well-equipped to continue building on its successes. Its focus on niche demographic audiences, particularly empowered women and underrepresented groups, positions STARZ as a leader in the production of quality content that resonates with diverse viewers.

Jeffrey Hirsch, President and CEO of STARZ, expressed his enthusiasm regarding the completion of the separation, stating, "Today marks an important milestone in our history as we unlock significant value as a standalone business and advance our position as the leading premium entertainment destination for women and underrepresented audiences." He highlighted the strength of STARZ's balance sheet, its compelling programming lineup, and a powerful technology framework, which together will enable the company to be agile in seizing growth opportunities while ensuring long-term viability.

The approval for this separation was overwhelmingly endorsed by shareholders, with over 99% voting in favor at a meeting held on April 23. Effective immediately, STARZ has transitioned from a dual-class share structure to a single class of stock, streamlining its corporate governance.

The distinctiveness of STARZ's offerings lies in its well-crafted franchises such as "Outlander" and "Power," which have maintained cultural relevance for over a decade. The franchise-focused approach not only ensures a steady viewership but also encourages the creation of additional spin-offs, thus broadening its reach within the evolving media landscape.

As STARZ forges ahead on its own, it remains committed to enhancing its programming repertoire with innovative originals and a vast collection of blockbuster films, ultimately striving to provide a rich viewing experience that aligns with the preferences of its core audiences.

In conclusion, STARZ’s separation from Lionsgate signifies not just a strategic repositioning but also an exciting opportunity for growth and innovation in a rapidly changing media environment. With its sights set on expanding its digital footprint and delivering high-caliber content, STARZ is poised to thrive as an independent entertainment leader, attracting audiences that seek varied programming and high-quality storytelling.

As this new chapter unfolds for STARZ, all eyes will be on how the company capitalizes on its unique market position and the evolving dynamics within the entertainment industry.