Byron Allen Divests Entire 10.7 Percent Stake in Starz

Media executive Byron Allen has exited his position in the pay-TV and streaming company Starz, according to recent regulatory filings. Allen, who operates properties such as The Weather Channel, sold his complete 10.7 percent stake over the months of August and September.

Transaction Details

• Acquisition: Earlier this year, Allen purchased the stake from Steve Mnuchin’s Liberty 77 investment fund for $25 million.
• Divestment: SEC filings indicate that Allen sold the entirety of his holdings, netting approximately $45 million.
• Strategic Context: While Allen had previously indicated intentions to potentially acquire the company entirely to complement his digital efforts at BuzzFeed, the recent filings confirm he has liquidated his interest instead.

Starz Corporate Status

Starz, which separated from Lionsgate last year, is currently navigating a period of operational transition. In its third-quarter earnings report, the company highlighted:

• Growing revenue streams.
• Declining losses.
• Continued performance from key intellectual property franchises, specifically *Power* and *Outlander*.

Investors and interested parties can verify these details by reviewing the official filings submitted to the Securities and Exchange Commission (SEC).