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Starz Q3 Loss Widens to $53 Million
Starz missed Wall Street expectations as the company posted a wider-than-expected loss of $52.6 million and revenue tumbled 8% to $320.9 million in the third quarter. The company shed 130,000 U.S. subscribers for a total of 17.
A+E, jointly owned by Hearst and Walt Disney Co., put itself on the market earlier this year and hired Wells Fargo to identify potential suitors. Starz, a premium cable network turned midsize streaming player, raised its hand, according to several people familiar with the matter.
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Starz Restructures Canadian Business From Joint Venture With Bell Canada to Content Licensing Deal
Starz is restructuring its operations in Canada from a joint venture with Canadian media giant Bell Media to a content licensing deal.