Allen Media Group acquired Starz.

What is Starz's current strategy?

Starz is pivoting towards streaming subscriptions, which now make up about three-quarters of its footprint.

Has the executive behind Allen Media Group shown interest in other media companies?

Yes, the executive previously expressed interest in Paramount and Disney's linear TV networks.

Home / Business and Economy / Allen Buys Starz in Media Shakeup

Allen Buys Starz in Media Shakeup

6 Mar

•

Summary

Allen Media Group acquired Starz from Lionsgate.
Starz is pivoting towards streaming subscriptions.
Allen previously expressed interest in Paramount and Disney assets.

Allen Media Group has officially acquired Starz, a move that follows years of the executive's engagement with potential media acquisitions. Previously, Allen expressed interest in acquiring Paramount when it was under Shari Redstone's control and showed interest in Disney's linear TV networks.

Starz, which separated from Lionsgate last May, has been strategically shifting its focus towards streaming services. These subscriptions now represent approximately 75% of the company's overall operations. The company's CEO, Jeff Hirsch, has indicated a strong commitment to exploring mergers and acquisitions, particularly for 'marooned linear networks'.

Hirsch has articulated a vision to utilize Starz's technological platform to reposition linear brands into the digital realm, addressing the shift in consumer behavior. The acquisition was facilitated through Allen Family Capital, the private investment firm and family office of the executive.

Disclaimer: This story has been auto-aggregated and auto-summarised by a computer program. This story has not been edited or created by the Feedzop team.