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Starz, Newly Separated From Lionsgate, Sees Quarterly Revenue Drop 6% as It Takes $168 Million Content Impairment Charge
Starz, fresh off its separation from former parent company Lionsgate, reported results for the first three months of the year.
The Starz Networks segment, which includes operations in the U.S. and Canada, ended the quarter with 12.3 million U.S. streaming subscribers, representing sequential growth of 530,000. Total U.S. subscribers (including linear) reached 18.0 million, an increase of 320,000 from the prior quarter, primarily driven by the late-quarter premiere of original series “Power Book III: Raising Kanan” Season 4 ( pictured above). The decline was largely due to a “carriage dispute in Canada that resulted in the removal of the Starz-branded linear channel from a distributor’s programming packages,” the company said.
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