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Byron Allen Acquires 10.7% Stake in Starz for $25 Million

3/7/2026

31 6 Full Breakdown

Summary

Story summary

Byron Allen, of Allen Family Capital, purchased a 10.7% Starz stake for $25 million from Liberty 77, led by Steven Mnuchin.
The deal follows Starz's separation from Lionsgate last year.
Starz is shifting toward streaming, with subscriptions 75% of its business.
Allen may increase his stake and engage with Starz's management and board to influence operations.
Starz reported $322.8 million in Q4 2025 revenue and a $20.7 million net loss.

History

Historical Context

In 2016, Lionsgate acquired Starz for $4.4 billion, integrating it into its operations. By 2022, Starz had shifted focus to streaming, which constituted 75% of its business. The 2022 separation from Lionsgate and Byron Allen's $25 million investment for a 10.7% stake reflect ongoing media consolidation trends, reshaping content delivery strategies in the competitive streaming landscape.

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Story summary

Byron Allen, of Allen Family Capital, purchased a 10.7% Starz stake for $25 million from Liberty 77, led by Steven Mnuchin.
The deal follows Starz's separation from Lionsgate last year.
Starz is shifting toward streaming, with subscriptions 75% of its business.
Allen may increase his stake and engage with Starz's management and board to influence operations.
Starz reported $322.8 million in Q4 2025 revenue and a $20.7 million net loss.

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