Smartkarma AI Primers, Smartkarma

αSK Primers

Smartkarma AI Primers

Smartkarma

Smartkarma unites the fragmented investment industry, connecting institutional investors, independent research providers, and corporates within a single network.

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Equity Bottom-Up

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<a href="https://smartkarma.com/entities/starz">Starz</a> is strategically positioned as a premium entertainment destination targeting women and underrepresented audiences, a niche focus that differentiates it in the crowded streaming market.</li>
 <li>Following its separation from Lionsgate in May 2025, <a href="https://smartkarma.com/entities/starz">Starz</a> is operating as a standalone entity, a move intended to unlock shareholder value and provide greater strategic flexibility.</li>
 <li>The company is focused on a digital-first strategy, growing its Over-the-Top (OTT) subscriber base and leveraging its key franchises like 'Power' and 'Outlander' to drive revenue and viewer engagement.</li>
</ul>This content is AI-generated and displayed for general informational purposes only. Please verify independently before use.


  
Starz is strategically positioned as a premium entertainment destination targeting women and underrepresented audiences, a niche focus that differentiates it in the crowded streaming market.
  Following its separation from Lionsgate in May 2025, Starz is operating as a standalone entity, a move intended to unlock shareholder value and provide greater strategic flexibility.
  The company is focused on a digital-first strategy, growing its Over-the-Top (OTT) subscriber base and leveraging its key franchises like 'Power' and 'Outlander' to drive revenue and viewer engagement.
This content is AI-generated and displayed for general informational purposes only. Please verify independently before use.

Founder at Stock Spin-off Investing, Stock Spin-Off Investing

Richard Howe

Founder at Stock Spin-off Investing

Stock Spin-Off Investing

Generate attractive returns by taking advantage of inefficiencies in the stock spin-off market.

Stock Spin-offs

Event-Driven

<ul><li>On a sum-of-the-parts basis, LION and STRZ are worth significantly more than is reflected in LGF.A’s stock price.</li><li>At the close today, investors could buy 1 share of Lionsgate Entertainment (LGF.A) for $8.90. On May 6, that investor will receive 1.12 shares of LION and 1.12 shares of STRZ.</li><li>I estimate LION is worth $11 and STRZ is worth $1.71. As such, it looks like there is ~60% upside</li></ul>

On a sum-of-the-parts basis, LION and STRZ are worth significantly more than is reflected in LGF.A’s stock price.At the close today, investors could buy 1 share of Lionsgate Entertainment (LGF.A) for $8.90. On May 6, that investor will receive 1.12 shares of LION and 1.12 shares of STRZ.I estimate LION is worth $11 and STRZ is worth $1.71. As such, it looks like there is ~60% upside

Independent research on the U.S. markets, Baptista Research

Baptista Research

Independent research on the U.S. markets

Baptista Research is an independent financial research house focused on the U.S. markets. We provide equity research as well as credit research reports on the top-listed U.S. companies with most of our focus on technology, consumer goods and services, automobiles, industrials, oil and gas, pharma, and healthcare. Our research has served more than 3000 institutional investors including mutual funds, hedge funds, banks, family offices, and various buy-side firms. We operate a research subscription service where institutions, as well as retail investors, can have priority access to all our research. We also have a wide distribution of our research reports across some of the top global financial platforms. Apart from equity research and credit research, we also provide advisory services with respect to mergers & acquisitions (M&A), private equity/ venture capital fundraising, valuation reports, and investment management services for corporates.
Baptista Research is owned and managed by Ishan Majumdar, an ex-Venture Capitalist/ Investment Banker, a Chartered Accountant, and a Masters’ degree holder in Management from HEC Paris. Ishan has nearly a decade of experience in Mergers and Acquisitions, Leveraged Buyouts (LBOs), Venture Capital Investing, Corporate Strategy, and Valuation in front-office roles at the likes of BNP Paribas CIB, Credit Agricole CIB, Groupe Danone, and TIW Private Equity. He has worked on and closed multiple acquisition deals, leveraged buyouts, and start-up investment transactions.

<ul><li>Starz Entertainment has suddenly become one of the most closely watched names in media after Byron Allen publicly signaled that he wants to control the company.</li><li>The stock gained around 10% following the report, showing that investors are paying attention to the possibility of a larger control battle.</li><li>Allen’s interest is not new; his company previously built a 10.7% stake, making him one of Starz’s largest shareholders.</li></ul>

Starz Entertainment has suddenly become one of the most closely watched names in media after Byron Allen publicly signaled that he wants to control the company.The stock gained around 10% following the report, showing that investors are paying attention to the possibility of a larger control battle.Allen’s interest is not new; his company previously built a 10.7% stake, making him one of Starz’s largest shareholders.

Starz - Byron Allen Wants Starz: The Hollywood Takeover Battle Everyone Should Watch!

<ul><li>The Wall Street Journal recently published <a href="https://www.wsj.com/business/media/streaming-prices-are-soaringand-consumers-are-still-paying-1bb7dbae?gaa_at=eafs&amp;gaa_n=AWEtsqerMaDRe0nUfUrSt2xrfSfCVuLx_ceJQsAUdBpc-rAhTsWuMKpo2YO_&amp;gaa_sig=4Cd9WfQr_CT1KGN0vDrLDYLksGu89gwWcpzYMWzVh2bkvmNwVFHiBWViDESQRiKPyLxoZINiok8yJX8rUPbQXg%3D%3D&amp;gaa_ts=691747da" target="_blank" rel="noopener">a good article</a> highlighting that streaming costs are soaring but consumers continue to be willing to pay.<figure class="editor-figure mceNonEditable"></figure></li><li>This is good news for Starz (STRZ), a pure play streaming service that is relatively cheap vs. its larger competitors.</li><li>I continue to think Starz looks attractive. It is showing sequential revenue growth and OTT subscriber growth yet trades at 3.7x EBITDA and 2x FCF.</li></ul>

The Wall Street Journal recently published a good article highlighting that streaming costs are soaring but consumers continue to be willing to pay.This is good news for Starz (STRZ), a pure play streaming service that is relatively cheap vs. its larger competitors.I continue to think Starz looks attractive. It is showing sequential revenue growth and OTT subscriber growth yet trades at 3.7x EBITDA and 2x FCF.

<ul><li>People Incorporated (PPLI, formerly IAC) reported a solid Q2. People Inc grew digital revenue 6%, its 11th straight quarter of growth, and expanded digital adjusted EBITDA 18% with margins still climbing.</li><li>The headline $6.68 of EPS is almost entirely the mark-to-market gain on the MGM stake, so I’d ignore it and focus on the operating business, which keeps executing well.</li><li>The leadership handoff is done, with Neil Vogel now CEO, Tim Quinn CFO, and Barry Diller staying on as Chairman. </li></ul>

People Incorporated (PPLI, formerly IAC) reported a solid Q2. People Inc grew digital revenue 6%, its 11th straight quarter of growth, and expanded digital adjusted EBITDA 18% with margins still climbing.The headline $6.68 of EPS is almost entirely the mark-to-market gain on the MGM stake, so I’d ignore it and focus on the operating business, which keeps executing well.The leadership handoff is done, with Neil Vogel now CEO, Tim Quinn CFO, and Barry Diller staying on as Chairman. 

Weekly Update (CMCSA, MFP, HONA, MBGL) - 2026-08-07

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Starz (STRZ US)

Primer: Starz (STRZ US) - Aug 2026

Starz is strategically positioned as a premium entertainment destination targeting women and underrepresented audiences, a niche focus that...

αSK Primers

[Alert] Buy Lionsgate Entertainment

On a sum-of-the-parts basis, LION and STRZ are worth significantly more than is reflected in LGF.A’s stock price. At the close today, investors...

Richard Howe

Starz - Byron Allen Wants Starz: The Hollywood Takeover Battle Everyone Should Watch!

Starz Entertainment has suddenly become one of the most closely watched names in media after Byron Allen publicly signaled that he wants to...

Baptista Research

Weekly Update (MICC, MEDXF, STRZ)

The Wall Street Journal recently published a good article highlighting that streaming costs are soaring but consumers continue to be willing to...

Richard Howe

Weekly Update (CMCSA, MFP, HONA, MBGL) - 2026-08-07

People Incorporated (PPLI, formerly IAC) reported a solid Q2. People Inc grew digital revenue 6%, its 11th straight quarter of growth....

Richard Howe

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