Starz Entertainment (STRZ)
Runs the STARZ app, wholesale streaming, and premium TV channels.
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Runs STARZ-branded subscription video services through the STARZ App, wholesale OTT partners, and traditional pay-TV distributors. The business is concentrated in the U.S. and Canada, with content licensing in Canada and distribution dependence across streaming and linear partners.
Runs one reportable segment, Starz Networks, built around STARZ-branded premium subscription video services. Distribution spans the STARZ App, wholesale OTT partners, and multichannel video providers, with original franchises such as Outlander and Power supporting the subscription slate.
Operations are centered on the U.S. and Canada after international simplification. India and Southeast Asia operations moved to New Lionsgate, while Canada shifted toward a content licensing model with a partner overseeing operations.
Execution depends on keeping the premium programming slate useful for both direct subscribers and distributor partners. The company is smaller and less diversified after the Lionsgate separation, and the business remains shaped by linear-service decline, OTT discounting, restructuring, and distributor relationships.
Company facts
Categories
Target rangeAs of Sep 2, 2026
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Prior target | Target |
|---|---|---|---|---|---|---|
| Aug 18, 2026 | Deutsche Bank | Reiterate | Hold | $26 | $30 | |
| Aug 10, 2026 | Morgan Stanley | Target | $21 | $30 | ||
| Jun 30, 2026 | B. Riley | Initiate | Buy | |||
| Jun 5, 2026 | Deutsche Bank | Target | $26 | |||
| May 11, 2026 | Robert W. Baird | Target | $13 | $30 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $59.6M · Total debt $669.6M · Total assets $1.67B · Shareholders' equity $295.9M
- Revenue
- $307.9M
- Operating income
- −$175.5M
- Net income
- −$189.4M
No dividends on record.
| Institutions150 holders · as of Jun 30, 2026 · largest filers plus last quarter's tail | ≈ 78.07% | 13.37M shares | |
| Insiders17 holders · as of Aug 14, 2026 | 27.58% | 4.72M shares | |
| Strategic holders2 holders · as of Apr 7, 2026 | 13.27% | 2.27M shares | |
| Adds to | 118.92% |
17.12M company shares as of Sep 3, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
This quarter's institutional total failed a plausibility check; shown: the largest filers plus last quarter's remainder.
These groups come from separate filings that can overlap, so they add to 118.92%; nothing is left for Other.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Evidence |
|---|---|---|---|
MHR Fund Management LLCInstitution | 16.72% | 2.86M | 13Fas of Jun 30, 2026 |
Michael Raymond BurnsInsiderdirector | 15.93% | 77,769 · 1.61M · 1.04M | Form 4filed Dec 11, 2025 ↗ |
Bank of MontrealStrategic | 10.54% | 1.80M | 13Gfiled Apr 7, 2026 ↗ |
Castleknight Management LPInstitution | 7.26% | 1.24M | 13Fas of Jun 30, 2026 |
BlackRock, Inc.Institution | 7.20% | 1.23M | 13Fas of Jun 30, 2026 |
| See all 25 → | |||
13F — a manager's quarterly holdings · 13D/13G — an ownership statement filed at 5% or more · Form 4 — an insider's transaction report
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 13, 2026 | Alison Hoffman | officer: President of Starz Networks | −11,491 | $25.07 |
| Aug 12, 2026 | Alison Hoffman | officer: President of Starz Networks | −20,800 | $24.98 |
| Aug 10, 2026 | James M. Kapenstein | officer: SEE REMARKS | +1,000 | $25.73 |
| Aug 10, 2026 | Jeffrey Hirsch | director, officer: President and CEO | +10,000 | $24.80 |
| May 12, 2026 | Jeffrey Hirsch | director, officer: President and CEO | +10,000 | $20.72 |
- Warner Bros. Discovery
Premium-video benchmark across HBO, HBO Max, and studio franchises
- Paramount Skydance
Showtime and Paramount+ pressure premium bundles and streaming
- Netflix
Scaled SVOD leader competing for subscription attention and originals
- Walt Disney
Disney+ and Hulu bundles rival premium streaming and franchise TV
- Amazon
Prime Video, MGM+, and Channels compete in apps and add-ons
- Comcast
Peacock and NBCUniversal challenge streaming, sports, and movies
- AMC Networks
Targeted streaming and cable brands overlap with STARZ niches
ComparePre-market
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Starz Entertainment | $27.27 | +1.34% | $451.6M | — | — | 0.4 | −3.7% |
| Warner Bros. Discovery | $28.46 | +0.28% | $71.18B | — | — | 2.0 | −11.2% |
| Paramount Skydance | $10.98 | +0.23% | $11.93B | — | 13.8 | 0.4 | +0.9% |
| Netflix | $82.58 | −0.16% | $344.48B | 26.0 | 23.9 | 7.1 | +13.4% |
| Walt Disney | $108.09 | +0.06% | $187.53B | 22.3 | 14.4 | 1.9 | +7.1% |
| Amazon | $255.69 | +0.29% | $2.74T | 20.5 | 27.3 | 3.5 | +19.6% |
| Comcast | $26.71 | −0.39% | $95.14B | 8.7 | 7.6 | 0.8 | −1.2% |
| AMC Networks | $12.75 | +0.79% | $410.4M | — | 3.0 | 0.2 | −8.8% |
| Median | 21.4 | 14.1 | 1.9 | +0.9% |