STRZ on Nasdaq

STARZ ENTERTAINMENT CORP /CN/

STARZ ENTERTAINMENT CORP /CN/ is a Canadian motion picture and video tape production services company.1 It is headquartered in Santa Monica, California.1 Its shares trade on Nasdaq under the symbol STRZ.1

Price unavailable

Last updated Oct 21, 2026.

Overview

$1.4BRevenue, fiscal 20252
-$211.2MNet income, fiscal 20252

Compare with FuboTV Inc., Angel Studios, Inc. or Gaia, or pick any stock.

  • TickerSTRZ on Nasdaq1
  • IndustryServices-Motion Picture & Video Tape Production1
  • HeadquartersSanta Monica, California1
  • Incorporated inBritish Columbia, Canada3
  • Business address1647 Stewart St., Santa Monica, Ca 904043
  • Filer categoryNon-accelerated filer3

Prior to the Separation, as defined and further discussed below, Starz Entertainment Corp. (the “Starz Business”) substantially consisted of Lions Gate Entertainment Corp's (“Old Lionsgate” or “Parent”) Media Networks segment consisting of (i) Starz Networks, which includes the domestic distribution of STARZ branded premium subscription video services through over-the-top (“OTT”) streaming platforms and distributors, on a direct-to-consumer basis through the Starz App and through wholesale U.S. and Canada OTT and multichannel video programming distributors (“MVPDs”), including cable operators, satellite television providers and telecommunications companies (in the aggregate the “Starz Platform”), and (ii) International, which at that time primarily consisted of the OTT distribution of subscription video services outside the U.S. and Canada.5 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

-12.4%Operating margin2
-15.4%Net margin2
-1.6%Revenue growth, 20252
-27.6%Return on equity2
-$63.6MFree cash flow2

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Products and services

"Over The Top Subscription Service (""OTT"") [Member]" brought in 68% of the revenue STARZ ENTERTAINMENT CORP /CN/ broke down this way in fiscal 2025.

  1. "Over The Top Subscription Service (""OTT"") [Member]"$931.1M668%up 4% from 2024
  2. Linear Subscription Service$438.5M632%down 11% from 2024
Products and services by year
Products and services20242025
"Over The Top Subscription Service (""OTT"") [Member]"$899.3M$931.1M
Linear Subscription Service$493.1M$438.5M

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Other costs99¢$1.4B
  • Income tax1¢$8.6M

Out of $1.4B in revenue.2 The company lost money this year.

Financial statements

Revenue78910112$1.4B in 2025−67% since 2018
0$2.0B$4.0B$6.0B2018: $4.1B$4.1B20182019: $3.7B$3.7B2019−11%2020: $3.9B$3.9B2020+6%2021: $3.3B$3.3B2021−16%2022: $3.6B$3.6B2022+10%2023: $1.4B$1.4B2023−61%2024: $1.4B$1.4B2024−2%2025: $1.4B$1.4B2025−2%
Operating income78910112-$170.4M in 2025
-$1.5B-$1.0B-$500.0M0$500.0M2018: $248.7M$248.7M20182019: $130.0M$130.0M2019−48%2020: $2.8M$2.8M2020−98%2021: $170.6M$170.6M2021+5993%2022: $9.0M$9.0M2022−95%2023: -$1.3B-$1.3B20232024: -$903.5M-$903.5M2024−33%2025: -$170.4M-$170.4M2025−81%
Net income789122-$211.2M in 2025
-$2.0B-$1.0B0$1.0B2018: $473.6M$473.6M20182019: -$284.2M-$284.2M20192020: -$188.4M-$188.4M2020−34%2021: -$18.9M-$18.9M2021−90%2022: -$188.2M-$188.2M2022+896%2023: -$1.9B-$1.9B2023+894%2024: -$915.2M-$915.2M2024−51%2025: -$211.2M-$211.2M2025−77%

Every line of the income statement as filed: the last 2 fiscal years, latest first.6

Period ending2025-03-312024-03-31
Total revenue$1.4B$1.4B
Programming amortization$638.8M$626.5M
Other operating$155.1M$166.8M
Advertising and marketing$289.9M$322.9M
General and administrative$101.8M$129.2M
Depreciation and amortization$170.3M$161.8M
Restructuring and other$184.1M$224.8M
Goodwill and intangible asset impairment$0$663.9M
Total expenses$1.5B$2.3B
Operating loss-$170.4M-$903.5M
Interest expense-$45.6M-$47.2M
Interest and other income$4.9M$3.5M
Other expense-$7.2M-$7.5M
(Loss) gain on extinguishment of debt-$5.6M$21.2M
Loss from continuing operations-$223.9M-$933.5M
Income tax (expense) benefit$8.6M$128.9M
Net loss from continuing operations-$215.3M-$804.6M
Net income (loss) from discontinued operations, net of income taxes$4.1M-$110.6M
Net loss-$211.2M-$915.2M
Basic net loss per common share - continuing operations (in USD per share)-$13-$48
Basic net income per common share - discontinued operations (in USD per share)$0-$7
Basic net loss per common share (in USD per share)-$12.63-$54.73
Diluted net loss per common share - continuing operations (in USD per share)-$13-$48
Diluted net income per common share - discontinued operations (in USD per share)$0-$7
Diluted net loss per common share (in USD per share)-$12.63-$54.73
Weighted average number of common shares outstanding, basic (in shares)16.7M shares16.7M shares
Weighted average number of common shares outstanding, diluted (in shares)16.7M shares16.7M shares

Compare STARZ ENTERTAINMENT CORP /CN/ with another company

Corporate structure

STARZ ENTERTAINMENT CORP /CN/ sits at the top of its group. 24 entities, 3 countries on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of STARZ ENTERTAINMENT CORP /CN/

  • Capital Research Global Investors Filed SCHEDULE 13G/A on STARZ ENTERTAINMENT CORP /CN/, latest May 14, 2026 (3 filings since Aug 13, 2025)
  • Bank of Montreal Filed SCHEDULE 13G/A on STARZ ENTERTAINMENT CORP /CN/, latest May 8, 2026 (2 filings since Apr 7, 2026)
  • CastleKnight Master Fund LP Filed SCHEDULE 13G on STARZ ENTERTAINMENT CORP /CN/, latest Apr 17, 2026
  • Allen Family Capital, LLC Filed SCHEDULE 13D on STARZ ENTERTAINMENT CORP /CN/, latest Mar 12, 2026
  • Liberty 77 Capital L.P. Filed SCHEDULE 13D/A on STARZ ENTERTAINMENT CORP /CN/, latest Mar 5, 2026 (10 filings since Sep 5, 2023)
  • VANGUARD GROUP INC Filed SCHEDULE 13G/A on STARZ ENTERTAINMENT CORP /CN/, latest Jul 29, 2025 (7 filings since Feb 10, 2022)
  • Discovery, Inc. Filed SCHEDULE 13D/A on STARZ ENTERTAINMENT CORP /CN/, latest Jun 4, 2025 (3 filings since Dec 17, 2021)
  • MHR FUND MANAGEMENT LLC Filed SCHEDULE 13D/A on STARZ ENTERTAINMENT CORP /CN/, latest Jun 4, 2025 (4 filings since Nov 21, 2022)
  • Liberty Global Ltd. Filed SCHEDULE 13D/A on STARZ ENTERTAINMENT CORP /CN/, latest May 8, 2025 (4 filings since May 15, 2024)
  • BlackRock Filed SCHEDULE 13G/A on STARZ ENTERTAINMENT CORP /CN/, latest Apr 23, 2025 (8 filings since Feb 4, 2022)
  • Mark H. Rachesky Md. Filed SCHEDULE 13D/A on STARZ ENTERTAINMENT CORP /CN/, latest Jan 28, 2025
  • Invesco Filed SC 13G/A on STARZ ENTERTAINMENT CORP /CN/, latest Nov 7, 2024 (4 filings since Feb 10, 2022)
  • STARZ ENTERTAINMENT CORP /CN/ Santa Monica, California
    • Lionsgate Studios Stake · Santa Monica, California, United States
    • Aries Pictures, LLC Subsidiary · Colorado, United States
    • Boxing Productions, LLC Subsidiary · Delaware, United States
    • Starz Acquisition LLC Subsidiary · Delaware, United States
    • Starz Black Samurai Productions, LLC Subsidiary · Delaware, United States
    • Starz Canada Holdco, LLC Subsidiary · Delaware, United States
    • Starz Capital Holdings 1, Inc. Subsidiary · Delaware, United States
    • Starz Capital Holdings LLC Subsidiary · Delaware, United States
    • Starz Docu-Series Productions, LLC Subsidiary · Delaware, United States
    • Starz Entertainment, LLC Subsidiary · Colorado, United States
    • Starz Entity Holding Company, LLC Subsidiary · Delaware, United States
    • Starz Finance Corp. Subsidiary · Delaware, United States
    • Starz Independent, LLC Subsidiary · Delaware, United States
    • Starz Play Direct UK Limited Subsidiary · United Kingdom
    • Starz Safari Productions, LLC Subsidiary · Delaware, United States
    • Starz Venery Production, Inc. Subsidiary · Delaware, United States
    • Starz, LLC Subsidiary · Delaware, United States
    • StarzPlay Canada GP Inc. Subsidiary · Canada
    • StarzPlay Canada, LP Subsidiary · Canada
    • StarzPlay Direct US, LLC Subsidiary · Delaware, United States
    • StarzPlay Management US, LLC Subsidiary · Delaware, United States
    • StarzPlay UK Limited Subsidiary · United Kingdom
    • StarzPlay US, LLC Subsidiary · Delaware, United States

Built from subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G; stakes of 5% or more it reported on Schedules 13D and 13G (1 companies). Each entity in the chart links to its source.

What it owns

What STARZ ENTERTAINMENT CORP /CN/ reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, before depreciation$228.1M6 Dec 31, 2025$194.5M2 Mar 31, 2024+17.3%
Accumulated depreciation$179.0M6 Dec 31, 2025$143.4M2 Mar 31, 2024+24.8%
Property and equipment, net$49.1M6 Dec 31, 2025$51.1M2 Mar 31, 2024−3.9%
Operating-lease assets (leased space)$41.7M6 Dec 31, 2025$44.5M2 Mar 31, 2024−6.3%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$35.7M6 Dec 31, 2025$23.0M2 Mar 31, 2024+55.2%

Intangibles and goodwill

ItemLatestA year beforeChange
Goodwill$02 Mar 31, 2025$02 Mar 31, 2024
Indefinite-lived intangibles (excluding goodwill)$06 Dec 31, 2025$02 Mar 31, 2024
Finite-lived intangibles, gross$1.9B6 Dec 31, 2025$1.9B2 Mar 31, 2024+0.1%
Accumulated amortization$1.2B6 Dec 31, 2025$934.9M2 Mar 31, 2024+29.7%
Finite-lived intangibles, net$690.9M6 Dec 31, 2025$966.1M2 Mar 31, 2024−28.5%

Properties, in its own words

Starz’s corporate office is located at 250 Howe Street, 20th Floor, Vancouver, BC V6C 3R8. Its principal executive office is located at 1647 Stewart Street, Santa Monica, CA, where Starz occupies 60,116 square feet (per a lease that expires in December 2028).

In addition, Starz leases 100,119 square feet at 6363 S. Fiddler’s Green Circle, Greenwood Village, CO (per a lease that expires in June 2034) and subleased approximately 18,000 square feet from Lionsgate Studios Corp. at 530 Fifth Avenue, New York, New York (per a lease that expired in August 2025). Following the expiration of the 530 Fifth Avenue lease, Starz began leasing approximately 20,269 square feet at 100 Park Ave, New York, NY 10017 (per a lease that expires in May 2038).

The rest of Item 2

Starz believes that its current facilities are adequate to conduct its business operations for the foreseeable future. Starz believes that it will be able to renew these leases on similar terms upon expiration. If it cannot renew, Starz believes that it could find other suitable premises without any material adverse impact on its operations.

Item 2 of the 10-KT filed Feb 26, 2026.17

Leadership

Who has led STARZ ENTERTAINMENT CORP /CN/, and when. Pick a name to see everywhere that person has worked.

Board members and other officers (37)

Subsidiaries and ownership

Subsidiaries (Exhibit 21)

  • Aries Pictures, LLC Colorado4
  • Boxing Productions, LLC Delaware4
  • Starz Acquisition LLC Delaware4
  • Starz Black Samurai Productions, LLC Delaware4
  • Starz Canada Holdco, LLC Delaware4
  • Starz Capital Holdings 1, Inc. Delaware4
  • Starz Capital Holdings LLC Delaware4
  • Starz Docu-Series Productions, LLC Delaware4
  • Starz Entertainment, LLC Colorado4
  • Starz Entity Holding Company, LLC Delaware4
  • Starz Finance Corp. Delaware4
  • Starz Independent, LLC Delaware4
  • Starz Play Direct UK Limited United Kingdom4
  • Starz Safari Productions, LLC Delaware4
  • Starz Venery Production, Inc. Delaware4
  • Starz, LLC Delaware4
  • StarzPlay Canada GP Inc. Canada (British Columbia)4
  • StarzPlay Canada, LP Canada (Manitoba)4
  • StarzPlay Direct US, LLC Delaware4
  • StarzPlay Management US, LLC Delaware4
  • StarzPlay UK Limited United Kingdom4
  • StarzPlay US, LLC Delaware4

The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.

Former names

  • LIONS GATE ENTERTAINMENT CORP /CN/Mar 10, 1999 to May 7, 20253

Timeline

  1. Oct 6, 20268-K Executive or director change63
  2. Sep 15, 20268-K Executive or director change64
  3. Aug 17, 20268-K Entered a material agreement; New debt or obligation65
  4. Aug 7, 20268-K Results of operations66
  5. May 18, 20268-K Shareholder vote67
  6. May 7, 20268-K Results of operations68
  7. Apr 15, 20268-K Executive or director change69
  8. Mar 11, 20268-K Entered a material agreement; Change to shareholders' rights70
  9. Mar 10, 20268-K Executive or director change71
  10. Feb 26, 20268-K Results of operations72
  11. Nov 19, 2025New chief executive Jeffrey Hirsch becomes CEO18
  12. Nov 17, 20258-K Executive or director change73
  13. Nov 13, 20258-K Results of operations74
  14. Oct 5, 2012New chief executive Brian Goldsmith becomes CEO19

Calendar

Coming up

  1. Oct 29, 2026 · After the closeReports results for the quarter ending Sep/2026 A year earlier it reported ($2.85) a share, on Nov 13, 2025.75

When it reported results

  1. Aug 7, 2026Reported quarterly or annual results66
  2. May 7, 2026Reported quarterly or annual results68
  3. Feb 26, 2026Reported quarterly or annual results72
  4. Nov 13, 2025Reported quarterly or annual results74
  5. Aug 14, 2025Reported quarterly or annual results76
  6. Feb 6, 2025Reported quarterly or annual results77
  7. Nov 7, 2024Reported quarterly or annual results78
  8. Aug 8, 2024Reported quarterly or annual results79

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

616 filings to the SEC since October 2021: 8 annual reports, 15 quarterly reports, 70 major events, 364 insider forms, 48 large holders, 111 other. The latest 20:

  1. Oct 6, 20268-K EDGAR
  2. Sep 15, 20264 EDGAR
  3. Sep 15, 20268-K EDGAR
  4. Aug 17, 20268-K EDGAR
  5. Aug 14, 20264 EDGAR
  6. Aug 13, 2026144 EDGAR
  7. Aug 12, 20264 EDGAR
  8. Aug 12, 2026144 EDGAR
  9. Aug 11, 20264 EDGAR
  10. Aug 7, 202610-Q EDGAR
  11. Aug 7, 20268-K EDGAR
  12. Aug 6, 20264 EDGAR
  13. Aug 6, 20264 EDGAR
  14. Aug 6, 20264 EDGAR
  15. Aug 6, 20264 EDGAR
  16. Jul 30, 20264 EDGAR
  17. Jul 30, 20264 EDGAR
  18. Jul 29, 20264 EDGAR
  19. Jul 29, 20264 EDGAR
  20. Jul 29, 20264 EDGAR

The 616 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

117 open-market trades by officers, directors and large owners since October 2021: 106 buys and 11 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Aug 13, 2026Hoffman AlisonPresident of Starz NetworksSale11,491$25.07$288.1KForm 4
Aug 12, 2026Hoffman AlisonPresident of Starz NetworksSale20,800$24.98$519.6KForm 4
Aug 10, 2026Kapenstein James M.SEE REMARKSBuy1,000$25.73$25.7KForm 4
Aug 10, 2026Hirsch JeffreyPresident and CEOBuy10,000$24.80$248.0KForm 4
Jun 2, 2026Wyrick JasonEVP, TechnologySale2,803$25.47$71.4KForm 4
May 14, 2026Hoffman AlisonPresident of Starz NetworksSale13,661$21.42$292.7KForm 4
May 14, 2026Hoffman AlisonPresident of Starz NetworksSale13,661$21.42$292.7KForm 4
May 12, 2026Hirsch JeffreyPresident and CEOBuy10,000$20.72$207.2KForm 4
May 12, 2026MACDONALD SCOTT DCFO and TreasurerBuy5,000$20.59$103.0KForm 4
Mar 6, 2026MNUCHIN STEVEN T10% ownerSale1,803,786$13.86$25.0MForm 4
Dec 10, 2025BURNS MICHAEL RAYMONDDirectorSale64,166$11.39$731.1KForm 4
Dec 9, 2025BURNS MICHAEL RAYMONDDirectorSale30,000$10.68$320.4KForm 4
Nov 18, 2025Hirsch JeffreyPresident and CEOBuy30,000$11.21$336.4KForm 4
Aug 21, 2025SLOAN HARRYDirectorBuy8,100$12.98$105.1KForm 4
Aug 20, 2025SLOAN HARRYDirectorBuy1,082$12.71$13.8KForm 4
Aug 19, 2025SLOAN HARRYDirectorBuy6,614$12.55$83.0KForm 4
Aug 19, 2025Mann BruceDirectorBuy5,000$12.67$63.4KForm 4
Aug 19, 2025Hirsch JeffreyPresident and CEOBuy15,000$12.78$191.7KForm 4
Jun 13, 2025Mann BruceDirectorBuy5,000$16.77$83.8KForm 4
Jun 5, 2025SIMMONS HARDWICKDirectorBuy8,501$16.35$139.0KForm 4

All 117 trades can be filtered by person here when JavaScript is on.

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Stakes it holds

STARZ ENTERTAINMENT CORP /CN/ has told the SEC it owns more than 5% of 1 company, latest first (Schedules 13D and 13G).

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
Mhr Fund Management LLC2,863,232$82.6M4.3%No change
CastleKnight Management LP1,242,780$35.9M1.3%+452,126
BlackRock, Inc.1,233,509$35.6M0.0%+60,217
Vanguard Capital Management LLC559,721$16.2M0.0%−8,513
Royce & Associates LP552,811$16.0M0.1%+40,360
NewEdge Wealth, LLC482,028$13.9M0.1%−137,714
Shapiro Capital Management LLC472,202$13.6M0.8%−83,344
Russell Investments Group, Ltd.415,112$12.0M0.0%+4,572
Ancora Advisors LLC409,763$11.8M0.2%−87,944
Neuberger Berman Group LLC390,182$11.3M0.0%+17,218
Geode Capital Management, LLC331,060$9.6M0.0%+17,492
Bank of New York Mellon Corp312,485$9.0M0.0%−9,079
Jefferies Financial Group Inc.278,133$8.0M0.1%No change
State Street Corp270,583$7.8M0.0%−1,486
Nuveen, LLC233,783$6.7M0.0%+155,574
D. E. Shaw & Co., Inc.166,255$4.8M0.0%+63,963
Dimensional Fund Advisors LP164,155$4.7M0.0%+71
Goldman Sachs Group Inc158,083$4.6M0.0%−24,193
Coastal Bridge Advisors, LLC140,528$4.1M0.3%No change
Jane Street Group, LLC127,160$3.7M0.0%−3,965
Diametric Capital, LP117,467$3.4M0.4%−21,200
Northern Trust Corp98,667$2.8M0.0%+8,092
Huber Capital Management LLC97,447$2.8M0.4%−42,486
Algert Global LLC95,558$2.8M0.0%+75,214
Vanguard Portfolio Management LLC90,062$2.6M0.0%+23,478

13F reports cover disclosed long positions in U.S. stocks only.

SEC filer profile

How STARZ ENTERTAINMENT CORP /CN/ is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARSTARZ ENTERTAINMENT CORP /CN/1
  • CIK0000929351
  • Filer statusNon-accelerated filer not an emerging growth company; not a smaller reporting company; not a shell company17
  • Incorporated inBritish Columbia, Canada17
  • Fiscal year endsDecember 311
  • Industry code (SIC)7812 Services-Motion Picture & Video Tape Production1
  • SEC reviewing officeOffice of Trade & Services, Division of Corporation Finance1
  • Business address1647 Stewart St., Santa Monica, CA 904041
  • Mailing address250 Howe Street, 20Th Floor, Vancouver, British Columbia, Canada1
  • Phone877-848-38661
  • Shares outstanding17,124,171 as of Jul 15, 202614
  • Public float$189.0M as of Jun 30, 202517
  • AuditorErnst & Young LLP, Denver, Colorado PCAOB ID 42; no auditor attestation of internal control over financial reporting17
  • On EDGAR sinceFeb 12, 19991
  • Filings2,805 in all: 4 (1,367), 8-K (368), SC 13D/A (120), SC 13G/A (100), 10-Q (76), 3 (58), DFAN14A (58), DEFA14A (45)1
    All 77 form types

    POS AM (45), UPLOAD (45), SC 14D9/A (44), CORRESP (38), 4/A (37), SC 13G (31), DEF 14A (27), EFFECT (27), 424B3 (26), 10-K (25), 425 (22), S-8 POS (19), S-8 (15), S-3ASR (13), 8-K/A (12), SC 13D (12), S-4/A (11), SCHEDULE 13D/A (10), CT ORDER (9), S-3 (9), 10-K/A (8), 5 (8), 144 (7), 8-A12B (6), PRE 14A (6), SC 13E3/A (6), 3/A (5), 424B7 (5), DEFR14A (5), SCHEDULE 13G/A (5), ARS (4), CERTNYS (4), DEFC14A (4), NT 10-K (4), S-3/A (4), SC TO-C (4), 10-Q/A (3), 424B1 (3), PREC14A (3), SC 14D9 (3), SCHEDULE 13G (3), 25-NSE (2), DEFN14A (2), FWP (2), PRRN14A (2), PX14A6G (2), S-2/A (2), S-4 (2), SC TO-I/A (2), 10-KT (1), 15-12B (1), 15-12G (1), 424B5 (1), 8-A12B/A (1), AW (1), CERT (1), D (1), NO ACT (1), NT 10-Q (1), PRER14A (1), REGDEX (1), RW (1), S-2 (1), SC 13E3 (1), SC TO-I (1), SC TO-T (1), SCHEDULE 13D (1), T-3 (1), T-3/A (1)

  • Latest filingsAnnual report (10-KT) Feb 26, 2026
    Quarterly report (10-Q) Aug 7, 2026
    Proxy statement (DEF 14A) Apr 2, 2026
    Latest 8-K (8-K) Oct 6, 2026

Securities registered for trading

ClassSymbolExchange
Common Shares, no par value per shareSTRZNasdaq Global Select Market

From the cover page of the 10-KT filed Feb 26, 2026 (Section 12(b) of the Exchange Act).17

Risk factors and legal proceedings

The risks STARZ ENTERTAINMENT CORP /CN/ names in Item 1A of its 10-KT filed Feb 26, 2026: 33 risks under these headings, as written.17

  • Risks Related to Our Business
  • Starz is a smaller, less diversified company than its predecessor Old Lionsgate was, with a different financial profile.
  • Starz faces risks related to the restructuring of its business, which have affected and may continue to affect the value of its assets.
  • Starz’s efforts to attract and retain subscribers or sustain engagement may not be successful.
  • Starz’s business depends on viewer preferences, which are difficult to predict.
  • Starz’s success depends upon the availability of quality programming in a highly competitive marketplace, and it may be unable to secure or maintain such programming.
  • Starz depends on distributors that carry its programming, and no assurance can be given that Starz will be able to maintain and renew these affiliation agreements on favorable terms or at all.
  • Starz relies on a few major distributors and the loss of any of those could reduce its revenue and operating results.
  • Starz depends, in part, on distributors to market and present its services, the lack of which may result in reduced customer demand.
  • Changes in consumer behavior, as well as evolving technologies and distribution models, may negatively affect Starz’s business, financial condition, results of operations or cash flows.
  • Business interruptions could adversely affect Starz’s business, financial condition, results of operations and cash flows.
  • Starz relies, in part, on third-party sales platforms as well as third-party internet-connected devices for distribution of its direct-to-consumer service.
The other 22 risks
  • Starz is subject to payment processing risk.
  • Starz faces substantial competition in all aspects of its business, including competition for marketing and carriage of its services.
  • Starz faces economic, political, and regulatory risks from doing business with international licensing partners.
  • Starz’s business involves risks of legal claims related to the content included in its programming, which could adversely affect its business, financial condition, results of operations and cash flows.
  • Starz may fail to adequately protect its intellectual property rights or may be accused of infringing intellectual property rights of third parties.
  • Starz is, and may in the future become, subject to litigation and other legal proceedings, which could adversely affect its business, financial condition, results of operations and cash flows.
  • Inflation or economic instability in the markets in which Starz operates could adversely affect Starz’s business, financial condition, results of operations and cash flows.
  • If the technology Starz uses in operating its business fails, is unavailable, or does not operate to expectations, its business, financial condition, results of operations and cash flows could be adversely affected.
  • Starz utilizes “cloud” computing services to deliver a distributed computing infrastructure platform for its business operations and any disruption of or interference with its use of its “cloud” computing servicer could adversely impact its business, financial condition, results of operations and cash flows.
  • Protection of electronically stored data is costly and if Starz’s data is compromised in spite of this protection, it may incur additional costs, lost opportunities and damage to its reputation.
  • Starz’s activities are subject to a variety of stringent and changing regulatory obligations, which may adversely impact its business, financial condition, results of operations and cash flows.
  • Internet and Other Media Operator Regulations.
  • The loss of any of Starz’s key personnel and artistic talent could adversely affect its business, financial condition, results of operations and cash flows.
  • Starz’s business could be adversely affected by labor disputes or other union actions.
  • Starz will be subject to risks associated with possible acquisitions, dispositions, business combinations, or joint ventures.
  • Purported noteholders have instituted suit against Starz claiming that it breached the indenture governing certain 5.5% senior notes due 2029 by virtue of an amendment executed in connection with an exchange by certain noteholders for new notes.
  • Risks related to Starz's Indebtedness
  • Starz may incur debt obligations that could adversely affect its business and profitability and its ability to meet other obligations.
  • Starz may not be able to generate sufficient cash to service all of its indebtedness and may be forced to take other actions to satisfy its obligations under its indebtedness, which may not be successful.
  • Despite its current level of indebtedness, Starz and its subsidiaries may still be able to incur substantially more debt. This could further exacerbate the risks to Starz’s financial condition described above.
  • The terms of Starz’s corporate indebtedness restrict Starz’s current and future operations, particularly Starz’s ability to respond to changes or to take certain actions.
  • Risks related to Tax Rules and Regulations
  • Changes in, or interpretations of, tax rules and regulations could adversely affect us.
  • Our tax rate is uncertain and may vary from expectations.

Legal proceedings

From time to time, the Company is involved in certain claims and legal proceedings arising in the normal course of business.

The Company establishes an accrued liability for claims and legal proceedings when the Company determines that a loss is both probable and the amount of the loss can be reasonably estimated. Once established, accruals are adjusted from time to time, as appropriate, in light of additional information. The amount of any loss ultimately incurred in relation to matters for which an accrual has been established may be higher or lower than the amounts accrued for such matters. The Company expenses legal fees as incurred.

Claims and legal proceedings may be brought against the Company without merit, are inherently uncertain, are difficult to predict, and the Company’s view on these matters may change as events unfold. Reasonably possible losses, if any, are not estimable, however, based on our current understanding and evaluation of the relevant facts and circumstances, as of December 31, 2025, the Company is not a party to any pending claims or legal proceedings for which management believes the resolution would have a material adverse effect on the Company’s financial position, results of operations or cash flows, and is not aware of any other claims that it believes could, individually or in the aggregate, have a material adverse effect on the Company's financial position, results of operations or cash flows.

The opening of Item 3, Legal Proceedings.17

Sources

The numbers on this page point here. Each one links to the record it came from.

  1. 1
  2. 2
  3. 3
  4. 4
  5. 5
  6. 6
  7. 7
  8. 8
  9. 9
  10. 10
  11. 11
  12. 12
  13. 13
  14. 14
  15. 15
  16. 16
  17. 17
  18. 18
  19. 19
  20. 20
  21. 21
  22. 22
  23. 23
  24. 24
  25. 25
  26. 26
  27. 27
  28. 28
  29. 29
  30. 30
  31. 31
  32. 32
  33. 33
  34. 34
  35. 35
  36. 36
  37. 37
  38. 38
  39. 39
  40. 40
  41. 41
  42. 42
  43. 43
  44. 44
  45. 45
  46. 46
  47. 47
  48. 48
  49. 49
  50. 50
  51. 51
  52. 52
  53. 53
  54. 54
  55. 55
  56. 56
  57. 57
  58. 58
  59. 59
  60. 60
  61. 61
  62. 62
  63. 63
  64. 64
  65. 65
  66. 66
  67. 67
  68. 68
  69. 69
  70. 70
  71. 71
  72. 72
  73. 73
  74. 74
  75. 75
  76. 76
  77. 77
  78. 78
  79. 79
  80. 80
  81. 81
  82. 82
  83. 83
  84. 84
  85. 85
  86. 86
  87. 87
  88. 88
  89. 89
  90. 90
  91. 91
  92. 92