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Starz - $1 Billion for original programming

  • 28-07-2010 1:15pm
    #1
    Richard Dower
    Banned (with Prison Access) Posts: 21,634 ✭✭✭✭


    Holy batwings! :eek: http://tvbythenumbers.com/2010/07/27/starz-seeking-to-raise-1-billion-for-original-programming/58393

    http://www.hollywoodreporter.com/hr/content_display/television/news/e3i0cbf0f1b5c08147a99042fe75574f542?

    Good news for both producers and consumers of original programming. According to THR, Starz is talking to potential partners around the world to raise $1 billion of off-balance sheet financing for original programming, in a project dubbed “Operation Turbo.”

    According to the THR story, the brass at Liberty Media (Starz’ parent company) tasked Starz Entertainment CEO Chris Albrecht with finding the money to greatly increase original programming in order to compete better with efforts by HBO and Showtime.

    The story also notes that Starz finances have already been restructured well in recent months, putting it in better position to be sold or spun off. Liberty & Starz have said the Starz channels (which include Encore and MoviePlex) are doing well and there are no plans to sell the channels anytime soon.


Comments

  • #2
    Basq
    Registered Users, Registered Users 2 Posts: 44,193 ✭✭✭✭Basq


    How much?!

    Austin_Powers_Mike_Myers_as_Dr_Evil.jpg


  • #3
    PerrinV2
    Moderators, Computer Games Moderators Posts: 6,337 Mod ✭✭✭✭PerrinV2


    ^^^^^^^
    there's your post of the day!!!!!


  • #4
    Richard Dower
    Banned (with Prison Access) Posts: 21,634 ✭✭✭✭Richard Dower


    ^ legend Basq!


  • #5
    afatbollix
    Registered Users, Registered Users 2 Posts: 4,102 ✭✭✭afatbollix


    Sure ITV spend a billion pounds a year and look what they produce!!!!


  • #6
    Richard Dower
    Banned (with Prison Access) Posts: 21,634 ✭✭✭✭Richard Dower


    ^ Dale Winton?


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