Original programming makes Starz shine for Q2 2015
| 02 August 2015
The power of fresh content has been shown clearly in the second quarter 2015 financial results for content firm Starz.
For the three-month period ended 30 June 2014, Starz posted reported consolidated revenue of $417.7 million and adjusted OIBDA of $123.4 million leading to operating income of $110.5 million. During the same period, Starz Networks reported revenue of $333.3 million up 2% year on year.
At the heart of the good news on the balance sheet was the fact that subscriptions increased by 1.5 million to 23.5 million over the previous year. The Starz Originals 2015 slate saw its pipeline fortified by the programme Power returning for a second season to what the company claimed was record viewership performance, moreover the most successful season premiere ever for an original series run by the company.
“We had a very successful quarter in terms of original programming and remain on track this year to achieve our goal of 75-80 episodes of new Starz Original series. Both the second season of Power and the first season of Outlander delivered strong viewership, as well as industry and fan accolades.
Looking ahead, the balance of the 2015 originals slate is strong with Blunt Talk, Survivor’s Remorse, Da Vinci’s Demons, Ash vs. Evil Dead, and Flesh and Bone. Our original programming pipeline was also fortified with a great, new addition thanks to our green light of Neil Gaiman’s American Gods. We are confident that robust original programming in combination with our quality movie offerings will further strengthen our distribution and subscriber relationships.”