Get the latest gossip
Starz U.S. Subscriber Levels Rise In Q4; Former Lionsgate Unit Takes $177.4M Charge For Content “Reassessment”
Starz reversed recent U.S. subscriber losses in its fiscal fourth quarter, but disclosed a restructuring charge of $177.4 million due to a "reassessment" of its content portfolio.
Shameik MooreStarz Starz reversed recent U.S. subscriber losses in its fiscal fourth quarter, but disclosed a restructuring charge of $177.4 million due to a “reassessment” of its content portfolio. The report by the streaming programmer follows a quarterly earnings release last week from Lionsgate, which swung to a profit in the period ended March 31 on sharply higher revenue. The content review is “part of Starz’s broader effort to align its operations and cost structure as a newly independent, standalone public company,” the earnings release said.
Or read this on Deadline