Soon after the FCC approved the AT&T-DirecTV merger, AT&T and Starz reached a new deal for the distribution of such popular shows as Outlander and Power.
It is “really shortsighted for these networks to be selling their shows to Netflix,” Starz CEO Chris Albrecht, a former CEO of HBO, said during a presentation Tuesday morning at the annual UBS Global Media and Communications Conference. Netflix would not be able to attract consumers, siphoning them away from live TV screens, without the benefit of networks’ second-run programming, he argued.
Starz LLC, the pay TV network with more than 50 million subscribers, is considering alternatives to a sale after reaching out to potential bidders who passed on making an offer, according to people familiar with the matter.
The suitors are aligning for Starz. Talks to acquire the pay TV channel controlled by John Malone are heating up with Starz said to be seeking around $5 billion. The business has drawn interest from CBS Corp., the owner of rival premium channel Showtime, and The Hunger Games studio Lionsgate, sources say.
Next up to jump on the unbundling bandwagon may be Starz: The premium cable channel is planning to launch an online-only subscription service in international markets over the coming months, and Starz CEO Chris Albrecht suggested during the company’s earnings call Thursday that it will likely do the same in the U.S.
The premium cable company’s market value is currently $3.2 billion. One individual close to the discussions said Discovery Communications was an interested bidder. The Walt Disney Co., which does not have a premium cable channel and whose CEO Bob Iger has acquired numerous assets in recent years, could be another potential buyer.
Chris Albrecht’s premium movie and TV service, Starz, marks one year as a standalone company next week — and there’s renewed gossip about whether it will soon be eyeing a suitor this year. Wall Street analysts love the stock, which has risen 115% during the past 12 months.
Starz is finally bringing its authenticated video service to Microsoft’s Xbox — but not yet to the latest generation of the console. The premium cabler’s TV Everywhere service for subscribers, Starz Play, is now available for the Xbox 360 videogame and entertainment system for no extra charge to Xbox Live Gold members.
Sony Pictures Entertainment and U.S. pay TV network Starz extended an agreement that gives Starz exclusive rights to Sony movies through 2021, blocking Netflix Inc from striking a deal with the Hollywood studio.
Liberty Media has started sending out feelers to potential buyers for its premium channel Starz. Liberty has reached out to media companies ahead of the expected mid-January spinoff of its pay TV division, which includes the Starz and Encore channels, sources say.
The multiyear licensing agreement announced Tuesday represents a breakthrough for Netflix as it tries to secure more exclusive programming for a popular service that streams video over high-speed Internet connections. The approach is making Netflix more like traditional pay-TV channels such as HBO, Starz and Showtime.
CHICAGO (AP) — Starz television network has decided not to give Kelsey Grammer another term as mayor of Chicago. The cable network said Tuesday that it was canceling the drama “Boss” after two seasons. The show premiered to critical acclaim, starring Grammer as tyrannical Chicago mayor Tom Kane. The role earned Grammer a Golden Globe […]
Netflix could make a big impression by acquiring Starz after its spin-off, but a deal seems unlikely
The move will give investors a better view of how Starz is doing, improve its capital structure and create two “currencies” in the form of shares that can be used for acquisitions, said Liberty Media CEO Greg Maffei.
Sheryl Anderson, a 20-year veteran of Starz and long-time board member of the Cable Television Human Resources Association, was promoted to executive vice president of human resources and administration for Starz. In her new position, Anderson is responsible for the human resources and administration functions for approximately 1,000 Starz employees. Prior to joining Starz Entertainment […]
NEW YORK (AP) — Starz network says it is ending its highly successful “Spartacus” saga next season. In an unusual move announced Monday, Starz will conclude this action-adventure series while it’s still a big hit, and after logging only three seasons (or four, counting a “prequel” season). This season the series drew six million viewers, […]