Starz Entertainment
Starz Entertainment Corp (NASDAQ:STRZ) is a publicly traded premium subscription streaming company spun off from Lionsgate in 2025, serving 17.6 million subscribers with original series like the Power franchise and Outlander plus a broad movie library, monetized via $11.99/month recurring subscriptions across direct and app store channels.
- Company typePublic
- Founded2025
- HeadquartersEnglewood, United States
- Headcount1,001–5,000
- GTM typeB2C
- OfferingDigital Commerce or Content
What Starz Entertainment does
Starz Entertainment Corp (NASDAQ:STRZ) is a publicly traded premium subscription video streaming company headquartered in Englewood, Colorado, that was spun off from Lionsgate in 2025 and operates independently. The company offers a direct-to-consumer streaming service accessible via starz.com and major app store platforms (Apple TV, Roku, Amazon Fire, mobile), targeting individual US consumers seeking on-demand entertainment at $11.99/month standard pricing with a $5/month promotional offer for the first three months. Its core product is differentiated by a proprietary content library anchored by original series including the Power franchise (Power, Power Book II: Ghost, Power Book III: Raising Kanan, Power Book IV: Force), Outlander, BMF, and in-house productions like Fightland, supplemented by a broad licensed movies catalog spanning action, comedy, drama, horror, and documentaries.
The business operates a recurring subscription revenue model across both its OTT streaming platform and legacy linear TV networks, reporting Q1 2026 revenue of $306.9 million (including $211 million in OTT revenue) against 17.6 million total subscribers (12.66 million US OTT subscribers, up 8% year-over-year). While the company reported a Q1 2026 operating loss of $152.8 million following a $139 million restructuring charge tied to exiting its Universal Pay-2 agreement, it generated $73.2 million in operating cash flow and $80.7 million in positive unlevered free cash flow. Management has accelerated its target of reaching 20% Adjusted OIBDA margin to the second half of 2027, one year ahead of prior guidance, with FY2026 unlevered free cash flow projected at $80-120 million to support debt deleveraging.
Strategically, Starz is executing a margin turnaround centered on content cost reduction, in-house production investment, and operational discipline. Recent corporate actions include the March 2026 acquisition of a 10.7% stake by Allen Family Capital (Byron Allen) for $25 million, the divestiture of Lionsgate Play in South and Southeast Asia to regional management (January 2026), and adoption of a poison pill shareholder rights plan. The largest shareholder is MHR Fund Management at approximately 17%, and the company is led by President & CEO Jeffrey Hirsch. Analyst commentary notes Starz trades at a 4x EV/EBITDA multiple with a 24.5% unlevered FCF yield, with projected OIBDA growth from $200M in 2025 to $300M by 2028.
Starz Entertainment firmographics
Firmographics- Name
- Starz Entertainment
- Legal name
- Starz Entertainment Corp
- Website
- https://starz.com
- Company type
- Public
- Founded year
- 2025
- Operating status
- Operating
- Headcount range
- 1,001–5,000 employees
- Short description
- Starz Entertainment Corp (NASDAQ:STRZ) is a publicly traded premium subscription streaming company spun off from Lionsgate in 2025, serving 17.6 million subscribers with original series like the Power franchise and Outlander plus a broad movie library, monetized via $11.99/month recurring subscriptions across direct and app store channels.
- Ownership category
- akta.pro rank
Starz Entertainment industry classification
Industry- Product category
- Subscription Video Streaming
- NAICS
- Media Streaming Distribution Services, Social Networks, and Other Media Networks and Content Providers (516210), Television Broadcasting Stations (516120)
- SIC
- Television Broadcasting Stations (4833), Cable & Other Pay Television Services (4841)
- akta.pro primary industry
- Direct-to-Consumer (DTC) Network/Studio Streaming Channels (MPABAHAG)
- akta.pro secondary industry
- Pay-TV / Premium Window Distribution (MPADAJAH)
Keywords
Where Starz Entertainment is headquartered
LocationHeadquarters
- HQ city
- Englewood
- HQ country
- United States
- HQ region
- North America
Markets served
Starz Entertainment business model
Business model- GTM type
- B2C
- Offering type
- Digital Commerce or Content
- Cost components
- Technology or R&D, Operations, Marketing or Sales, Personnel, Others
Revenue model
- Subscription Streaming: Starz generates revenue primarily through subscription fees for its streaming service, with both promotional and standard pricing tiers. The company reported Q1 2026 revenue of $306.9 million, with OTT revenue of $211 million.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Monthly | Standard subscription at $11.99/month |
| Subscription | Monthly | Promotional offer: $5/month for 3 months |
Go-to-market motion1 record
Distribution channels2 records
Marketing channels2 records
Starz Entertainment product offering
Product offeringCore offering
Starz Entertainment operates a subscription-based premium streaming video service that delivers exclusive original series (including the Power franchise, Outlander, BMF, and their spinoffs) and a multi-genre movie library to consumers on demand across web, mobile, and connected TV devices. The platform offers streaming on up to four devices simultaneously with unlimited HD streaming and downloads, priced at $11.99/month (with a $5/month promotional offer for the first three months). In addition to its direct-to-consumer OTT service, Starz operates linear television networks.
Product overview
Starz Entertainment operates a subscription-based streaming video platform offering on-demand entertainment content. The service features a unified streaming platform with original programming (Starz Originals) and a comprehensive movies library. The core offering includes original series like Power, Outlander, BMF, and their spinoffs, alongside thousands of movies across genres including action, comedy, drama, horror, and documentaries. The platform is accessible via web, mobile, and TV apps with pricing at $5/month for the first 3 months promotional offer.
Differentiator
Problem solved
Functional benefit
Products and services
- Starz Streaming Service Subscription-based premium streaming video service offering original series (Power, Outlander, BMF and spinoffs), movies, and documentaries on demand across phones, tablets, TV, and laptops. Supports up to four simultaneous streams with unlimited HD streaming and downloads. Priced at $11.99/month with a promotional $5/month for the first three months.
Quantifiable outcome
- Projected OIBDA growth from $200M in 2025 to $300M by 2028
- +1 more outcomes
Companies that use Starz Entertainment
Customer profileSegments1 record
Ideal customer profiles1 record
Starz Entertainment technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Starz Entertainment partnerships and signals
Strategic signalScale indicators9 records
Recent moves7 records
Expansion highlights4 records
Starz Entertainment competitors and assessment
Company assessmentBroad incumbents
- Netflix: Global SVOD leader and the dominant premium streaming service. Direct comparable on subscription video distribution and original content investment, though Netflix operates at vastly greater scale.
- Apple (Apple TV+): Premium SVOD from Apple featuring high-budget originals (e.g., Severance, The Morning Show). Comparable in original-content-led positioning, though funded by Apple's broader ecosystem.
- The Walt Disney Company (Disney+): One of the largest premium SVOD platforms globally, anchored by original and franchise content. Sets the competitive ceiling Starz must differentiate against with non-family programming.
- Amazon (Prime Video / MGM+): Prime Video bundles entertainment streaming with broader Amazon Prime; MGM+ competes more directly with Starz on prestige originals. Closest peer for ad-supported tiers and acquisition-cost dynamics.
Direct peers
- Warner Bros. Discovery (Max): Operates Max, a premium SVOD competing head-to-head with Starz for entertainment subscribers. Highly comparable mix of premium original series (HBO), theatrical films and pay-TV roots.
- Lionsgate: Starz's former parent and a direct content-supply and distribution peer post-spinoff. Operates Starz's former peer streaming platform and continues to license content to Starz under transitional agreements.
- AMC Networks: Mid-sized premium scripted programmer with linear networks (AMC, BBC America) and a streaming offering (AMC+). Closest peer to Starz in scale, content mix (prestige dramas, genre series) and linear-to-streaming transition.
- MGM Holdings: Premium scripted and film content owner now owned by Amazon, with the MGM+ streaming service positioned similarly to Starz. Comparable in library-driven SVOD economics and pay-TV legacy.
- Comcast (Peacock): Peacock is a premium SVOD bundled into Comcast's pay-TV ecosystem. Highly relevant comparison for Starz's bundling economics and the linear-to-streaming transition.
- Paramount Global (Paramount+): Mid-tier premium SVOD with pay-TV and linear heritage analogous to Starz. Competes directly for the same value-conscious streaming subscriber and bundles through pay-TV partners.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat3 records
Key risks6 records
Key highlights6 records
Customer concentration
Starz Entertainment social profiles
Digital presenceStarz Entertainment financial estimates
Financial estimateRevenue estimate
Valuation estimate
Starz Entertainment leadership team
Management profileNumber of profiles
Profiles10 records
Starz Entertainment funding detail
Funding detailFunding overview
Funding rounds2 records
Investors4 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Starz Entertainment M&A and investment
M&A and investmentM&A
Investments1 record
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Starz Entertainment
What does Starz Entertainment do?
Starz Entertainment operates a subscription-based premium streaming video service that delivers exclusive original series (including the Power franchise, Outlander, BMF, and their spinoffs) and a multi-genre movie library to consumers on demand across web, mobile, and connected TV devices. The platform offers streaming on up to four devices simultaneously with unlimited HD streaming and downloads, priced at $11.99/month (with a $5/month promotional offer for the first three months). In addition to its direct-to-consumer OTT service, Starz operates linear television networks.
Is Starz Entertainment a public or private company?
Starz Entertainment is a public company. It is classified as public and is currently operating.
When was Starz Entertainment founded?
Starz Entertainment was founded in 2025. It employs 1,001 to 5,000 people.
Where is Starz Entertainment based?
Starz Entertainment is headquartered in Englewood, United States, in the North America region.
How does Starz Entertainment make money?
One revenue line is on record: subscription Streaming.
Who are Starz Entertainment's main competitors?
Broad incumbents on record are Netflix, Apple (Apple TV+), The Walt Disney Company (Disney+) and Amazon (Prime Video / MGM+). Direct peers are Warner Bros. Discovery (Max), Lionsgate, AMC Networks, MGM Holdings, Comcast (Peacock) and Paramount Global (Paramount+).
Does Starz Entertainment have an API?
No public API is recorded for Starz Entertainment.
What industry is Starz Entertainment in?
Starz Entertainment's product category is Subscription Video Streaming. Its primary akta.pro industry code is MPABAHAG, Direct-to-Consumer (DTC) Network/Studio Streaming Channels, with a secondary code of MPADAJAH, Pay-TV / Premium Window Distribution. Its NAICS code is 516210 and its SIC code is 4833.