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Byron Allen Sells $45 Million Stake in Starz

1 report, 1 independent Updated Thu 00:00
AI-generated briefing. Brind wrote this from the reports listed below. It can be wrong. Each section says how much you can rely on it, and the sources are linked so you can check.

What happened

Some supportReported by 1 outlet

Byron Allen sold his entire stake in Starz throughout August and September 2026, netting almost $45 million in total. This sale followed his acquisition of a 10.7% stake in Starz for $25 million in March of this year. The divestment occurred as Starz reported its third quarter earnings, which showed total revenue growing 0.5% to $322.4 million and a narrowed net loss of $34.8 million.

From thewrap.com

Why it matters

Some supportBrind's analysis of the reports

The sale represents a significant capital movement by a major shareholder following a period of aggressive takeover attempts by Byron Allen. The transaction took place shortly after Starz reported improved financial results, including beating Wall Street expectations.

From thewrap.com

Who's involved

  • Byron AllenSold his entire stake in Starz for $45 million
  • StarzThe American pay television network in which Byron Allen sold shares

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The entities involved

Coverage

Newest first; wire copies grouped