Starz Confident It Can Outpace 2020 Sub Growth: CEO
Lionsgate had a “strong financial quarter” for Starz streaming, “but like the rest of the industry, we were impacted by a reduction in at-home viewership, and importantly a light content quarter, due to COVID-driven production delays,” said CEO Jon Feltheimer…
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on a call Thursday on fiscal Q1 ended June 30. Starz continued growing its base of international subscribers, but U.S. sub numbers took a “temporary” hit that “we have already reversed,” he said. He expects Starz global subscriber growth to “outpace” last year’s, “buttressed by a very strong slate” of content. Starz plans 12 original programs this FY compared with seven last, plus “five tentpole films in the next three quarters will drive a large, large growth of subscriber acquisition,” said Starz CEO Jeffrey Hirsch. “We also saw churn at a historic low.”