Starz Entertainment Corp.
STRZHIGH VELOCITYFILING INTENSITYStarz Entertainment Corp. reads as High Velocity (composite 78/100); pressure / disclosure signals dominate the posture this cycle · primary market Media & Education.
Lens
Disclosed M&A capital (2023–2025)
$331M
vs $161M in 2020–2022
Disclosed transactions
1
1/3 active fiscal years in window
Buyer archetype
Consistent Strategic Buyer
Meaningful spend appears across repeat years.
Composite score
78
High Velocity dominates · Filing Intensity
Behavioral posture, nine reads.
Each index scores the issuer 0–100 against an EDGAR-anchored definition. Scores ≥ threshold elevate the issuer into the index's constituent set; the dominant index drives the masthead label.
Active Acquirer
Companies actively deploying disclosed capital into M&A
- $2.8B disclosed buyer spend
- Filed within 19d
Buyer Cadence
Buyer-side companies with recent filing activity
- Filed within 19d
- 375 8-Ks
Target Probability
Issuers showing target-side patterns from filings
- 132 activism filings
Spin/Carve
Issuers showing spin-off, carve-out, or sum-of-parts posture
- 132 activism filings
Pressure Watch
Issuers facing activism, governance, or control pressure
- 132 activism filings
- Latest activism 1.5y ago
Distress Watch
Issuers showing financial-distress filing patterns
- 132 activism filings
Restatement Risk
Issuers with accounting-integrity flags from filings
- 1 non-reliance 8-K
- 5 NT late filings
- Latest event 14y ago; heavily discounted
Capital Velocity
DominantIssuers with the highest filing-activity intensity
- 375 8-Ks
- Filed within 19d
- 5 form types
Quiet Power
Large issuers with low signal volume and clean disclosure cadence
- Enterprise value $845M
- 10-Q 19d ago
- 3 active signals
Capital cadence.
Ten-year disclosed M&A activity. Bars show spend ($MM); ticks show recorded transaction count. Disclosure tier annotated where v6 audited corpus carries an entry.
Disclosed spend $MM Disclosed transactions (right axis)Peak spend year: $1,103M · Peak count: 1
| FY | Disclosed buys | Disclosed spend | Avg ticket | Audited tier |
|---|---|---|---|---|
| 2025 | N/A | N/A | N/A | N/A |
| 2024 | 1 | $331M | $331M | N/A |
| 2023 | N/A | N/A | N/A | N/A |
| 2022 | N/A | $161M | N/A | N/A |
| 2021 | N/A | N/A | N/A | N/A |
| 2020 | N/A | N/A | N/A | N/A |
Strategy posture.
The buyer's playbook in terms of strategic archetype: what each disclosed move says about how they're deploying capital.
Archetype mix
- Bolt On20%
- Platform20%
- Horizontal Consolidation20%
- Geographic Expansion20%
- Tuck In20%
Strategy keywords
Terms recurring across recent 10-K acquisition disclosures.
- bolt_on
- platform
- horizontal_consolidation
- geographic_expansion
- tuck_in
- technology_acquisition
Filing language.
Direct excerpts from acquisition disclosures and strategy sections: the verbs the buyer chose, in the filings they signed.
“We maintain a disciplined approach to acquisition, production and distribution of content by balancing our financial risks against the probability of commercial success for each project.”
“We continue to grow and diversify our portfolio of content to capitalize on demand from streaming and traditional platforms throughout the world.”
“We grow and diversify our portfolio of content to capitalize on demand from streaming and traditional platforms throughout the world.”
“industry, including the disruption of the traditional television content distribution model. In part as a result of these changes, the number of subscribers to traditional multichannel video programming distributors in the U.S. has declined, placing additional cost pressure on the traditional multichannel video programming distributor relationships with their programmers, including Starz. These changes and consolidations in the industry may provide distributors additional leverage in negotiating their affiliation agreements with Starz, which may result in less favorable terms to Starz, including fee reductions.”
Market context.
Where this issuer sits inside its SE-Cluster rollup wedge, with disclosed-spend rank plus trading comparables against the public peer set.
Primary market
Media & Education
- Market spend (2023–2025)
- $31.8B
- Market spend (2020–2022)
- $74.8B
- Recent vs prior
- −57%
- Issuer rank in market
- N/A
- Share of market capital
- 0.0%
Valuation positioning
STRZ trades at a -10.9-turn discount to the Media & Education peer median of 12.1×.
- EV / Revenue
- 0.7×
- Net debt / EBITDA
- 0.7×
- Peer median EV / EBITDA
- 12.1×
Trading comparables
FMP market data · 2026-05-10
| Company | EV / EBITDA | EV / Rev | Net debt / EBITDA | Revenue | M&A 2023–2025 |
|---|---|---|---|---|---|
| 21.6× | 2.0× | -0.2× | $8.8B | $55M | |
| 19.2× | 1.5× | -3.6× | $25.6B | $196M | |
| 4.9× | 1.8× | 2.2× | $37.2B | $100M | |
| 3.0× | 0.2× | 14.1× | $2.1B | $14M | |
Starz Entertainment Corp.STRZ | 1.2× | 0.7× | 0.7× | $1.3B | $331M |
Trading multiples from FMP market data; disclosed M&A spend from the SE-Cluster EDGAR 10-K corpus. Peer set = top disclosed buyers in Media & Education. Bars scaled to the highest EV/EBITDA in the set.
Buyer landscape.
Public buyers whose stated archetypes, target categories, and recent cadence align with this issuer as a plausible acquisition target. Scores cross EDGAR signal and disclosure overlap.
Likely buyers
No public buyers surface as a strong target-side fit on current signal.
Likely sellers / divestiture partners
No reciprocal divestiture / strategic-alternatives matches identified.
Filing activity & signal stream.
Filing cadence and event-driven signals visible on EDGAR. The signal stream below is curated from restatement / spin-carve / activism categories, providing context for any near-term call.
Filing cadence
- 10-K (annual)332025-07-29
- 10-Q (quarterly)782026-05-07
- 8-K (event)3752026-05-07
- Proxy / DEF 14A1302026-04-02
- Activism (13D / DFAN / PREC)1322024-11-13
Signals on file
- critical
Non-reliance disclosure
2012-06-221 Item 4.02 filing on file; financial-statement non-reliance.
- watch
Late-filing notice
2005-06-145 NT 10-K/10-Q filings on file.
- elevated
Activism on file
2024-11-13132 activist filings on file (13D, DFAN14A, PREC14A series).
- info
Signal
Serial acquisition history
- info
Signal
10-K strategy themes
- info
Signal
Restatement risk
Audited corpus.
No audited record on file for this CIK in the current v6 corpus.
This issuer has not been extracted into the v6 audited acquirer corpus yet. The brief above pulls from ranking-level aggregates and issuer-index signal only.