Starz OTT Finished March 31 Year With 6.8M Paid US Subs, 13% Higher Than Projections
The Starz streaming business is “thriving” in the stay-at-home “environment,” said Lionsgate CEO Jon Feltheimer on a fiscal Q4 call Thursday. Lionsgate bought Starz for $4.4 billion nearly four years ago (see 1606300069). Starz finished the year ended March 31…
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with 6.8 million paid over-the-top U.S. subscribers, “well in excess of our projections," said Feltheimer. "It has continued its strong growth since then.” It had forecast reaching about 6 million OTT subs domestically by fiscal year-end, said Starz CEO Jeffrey Hirsch: “We were well past that number through the first two months of the quarter, and then it accelerated as we got into March.”