Starz Sees Revenue Drop 4% in Q2 but Raises Profit Outlook as Streaming Stabilizes, Takes $147 Million Charge for Termination of Universal Output Deal

Starz saw total revenue decline four percent in the second quarter, but streaming revenue finally turned positive for the first time in eighteen months. Variety reports the company also raised its full-year profit outlook, signaling that the streaming business is beginning to stabilize. The gains came with a significant cost: a one hundred forty-seven million dollar charge from terminating its Universal output deal.

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