8legs: Allen family capital

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#1 out of 2

Byron Allen acquires a 10.7% stake in Starz for $25 million through Allen Family Capital.
The stake comes as Starz seeks to grow its streaming business amid linear TV challenges.
Mnuchin had been an investor in Starz and joined Lionsgate's board earlier this year.
Allen may pursue further stake expansion and take a more active approach with Starz.
Allen Media Group's acquisitions signal continued expansion in the TV and streaming space.
Starz was spun out from Lionsgate last year, with Mnuchin involved as an investor and director.
The SEC filing outlines possible shareholder and board discussions tied to Starz's operations and strategy.
Starz president or executives were not cited as part of the immediate transaction details.
The Hollywood Reporter published the initial report on the stake purchase and related SEC filing.

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#2 out of 2

Allen Media Group acquired an 11% stake in Starz for $25 million, buying 1.8 million shares.
The deal expands Allen Media Group's portfolio beyond its weather and digital networks.
Starz separated from Lionsgate last May and now operates independently.
Starz has pivoted toward streaming, with subscriptions dominating its footprint.
Starz CEO Jeff Hirsch emphasized leveraging technology to reposition brands digitally.
The investment was completed by Allen Family Capital, Allen’s private investment firm.
Deadline notes Allen previously pursued other media acquisitions, including Paramount.
Starz retains independence after the deal, seeking growth via M&A and digital strategies.
The move adds to Allen Media Group’s broader media footprint including local TV stations.

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