Chris Albrecht to Continue as Chief Executive Officer of Starz
28 June 2016 - 7:02AM
Business Wire
Starz (NASDAQ: STRZA, STRZB) announced today that a new
employment arrangement for Chief Executive Officer Chris Albrecht
has been approved, effective as of July 1, 2016. The agreement is
intended to secure Mr. Albrecht’s service through 2020. The role of
President will be added to Mr. Albrecht’s title and
responsibilities.
Greg Maffei, Chairman of Starz, said, “Chris has developed Starz
into a leading, innovative entertainment brand with
award-winning original programing that resonates with U.S. and
international audiences. He has made remarkable
contributions to the business over the past six years, and we
look forward to his vision creating even more value for
distributors, partners and shareholders.”
Albrecht added, “I am excited to move forward with my role at
Starz and want to thank Greg and the Board for their continued
support. We have a tremendous runway for growth. I am more
enthusiastic than ever about our strong and resilient
subscription-based business model and commitment to make STARZ an
innovative global brand with an eye to the future.”
A Form 8-K summarizing the agreement has been filed today with
the Securities and Exchange Commission.
About Starz
Starz (NASDAQ: STRZA, STRZB) is a leading integrated global
media and entertainment company with operating units that provide
premium subscription video programming on domestic U.S. pay
television networks (Starz Networks) and global content
distribution (Starz Distribution), www.starz.com. The Starz
Networks operating unit is home to the flagship STARZ® brand with
24.0 million subscribers in the United States as of March 31, 2016,
with the STARZ ENCORESM network at 32.4 million subscribers.
Through STARZ, the company provides high quality, entertaining
premium subscription video programming with 17 premium pay TV
channels and associated on-demand and online services. STARZ is
sold through U.S. multichannel video distributors, including cable
operators, satellite television providers, telecommunications
companies, and other online and digital platforms. Starz offers
subscribers more than 5,000 distinct premium television episodes
and feature films every year and up to 1,500 every month, including
STARZ Original series, first-run movies and other popular movie and
television programming. The Starz Distribution operating unit is
home to the Anchor Bay Entertainment, Starz Digital, and Starz
Worldwide Distribution divisions. In addition to STARZ Original
series, Starz Distribution develops, produces and acquires movies,
television and other entertainment content for worldwide home
video, digital, and television licensing and sales.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20160627006379/en/
StarzCourtnee Chun, 720-875-5420Investor Relations on
behalf of Starzcourtnee.chun@starz.comorTheano Apostolou,
424-204-4052Corporate Communications, Starztheano@starz.com
Starz - Series A (NASDAQ:STRZA)
Historical Stock Chart
From Jun 2024 to Jul 2024
Starz - Series A (NASDAQ:STRZA)
Historical Stock Chart
From Jul 2023 to Jul 2024