Starz saw its streaming and cable subscriber counts fall during the company’s first financial quarter since separating from
Lionsgate, according to a filing made with federal regulators this week.
During the second quarter (Q2) of the year, Starz saw a financial loss of $42.5 million off revenue of $319.7 million, largely brought on by lower income from its streaming platform and cable distribution agreements. Its overall revenue was down 8 percent compared to the $347.6 million attributed to Starz as a business unit of Lionsgate last year.
Total Starz subscribers fell to 19.1 million from 23.9 million a year ago, with domestic streaming subscribers falling slightly to 12.2 million. Linear subscribers clocked in at 5.4 million, down from 6.5 million reported last year. The counts are based on U.S. customers, with Canadian subscribers reported separately.
In Canada, total subscribers fell to 1.5 million from 2.4 million. Starz no longer reports international streaming subscribers after transferring operations in India and Southeast Asia to Lionsgate Studios in April.
thedesk.net