Starz Develops Pay TV Subs, Profit in Third Quarter

John Malone's Liberty Media stated Tuesday that customer count and main point here at pay TV company Starz enhanced within the third-quarter. Starz's revenue decreased 2 percent to $389 million among less theatrical films launched on home video with no theatrical films launched this season. But Starz's modified operating earnings before depreciation and amortization elevated 27 percent to $107 million, and operating earnings rose 31 % to $101 million. Starz' subscription models elevated 9 %, while Encore monthly subscriptions rose 3 % in comparison towards the third quarter of 2010. "Subscription development in 2011 continues to be influenced with a current insufficient cooperative marketing campaigns with certain distribution partners," the firm stated. Stated Chris Albrecht, Starz leader and Boss: "Starz Entertainment carried out well within the third quarter with ongoing solid financial and operational performance ongoing solid financial and operational performance and momentum in applying our original programming strategy. With 2012 Starz Originals, including Spartacus: Vengeance, Miracle City, an additional season of Boss, we'll ship to our customers a slate of entertaining premium programming." Meanwhile, Liberty Capital, which collects various Liberty opportunities for example Sirius XM Radio and Live Nation, group's revenue decreased 40 % to $151 million, but modified OIBDA continued to be was flat at $25 million and it is operating loss enhanced by $17 million to $14 million. The alterations were mainly because of the impact of a general change in attribution of Starz Media from Liberty Capital to Liberty Starz, which required impact on Sept. 30, 2010. Email: Georg.Szalai@thr.com Twitter: @georgszalai Related Subjects Liberty Media Liberty Starz