{
  "id": 17125549,
  "title": "Byron Allen Sells His 10% Stake in Starz After 7 Months",
  "url": "https://urgent.news/2026/10/29/byron-allen-sells-his-10-stake-in-starz-after-7-months",
  "topic": "culture",
  "section": "Culture",
  "published": "2026-10-29T21:21:59.000Z",
  "source": {
    "name": "TheWrap",
    "slug": "thewrap",
    "url": "https://www.thewrap.com/industry-news/business/byron-allen-sells-stake-in-starz/"
  },
  "original_language": "en",
  "account": "Former media mogul Byron Allen concluded the sale of his 10% stake in Starz on September 29, earning nearly $45 million from the transaction. The 10.7% share acquisition was made for $25 million in March, with Allen Family Capital purchasing 1,803,786 shares at $13.86 per share. The SEC filing detailing the sale revealed that Allen initiated the divestiture on August 7, concluding the process by the end of September. Before his investment, Allen held no ownership or control over Starz. His company stated they acquired the shares \"for investment purposes,\" with a plan to adjust their stake based on the company's performance and market conditions. Starz recently reported third quarter earnings, exceeding expectations with a 0.5% revenue growth to $322.4 million and a narrowed net loss to $34.8 million. The previous quarter saw the company's overall net loss widen to $189.4 million. Prior to the sale, Allen had expressed intentions to take over Starz and eventually control the entire company. Starz responded to the potential takeover by adopting a poison pill, intending to deter hostile takeovers.",
  "summary": "The media mogul sold all of his shares, which he acquired earlier this year, throughout August and September for almost $45 million in total The post Byron Allen Sells His 10% Stake in Starz After 7 Months appeared first on TheWrap .",
  "key_points": [
    "Byron Allen sold his 10% stake in Starz on September 29, 2023.",
    "He earned nearly $45 million from the transaction.",
    "Allen initiated divestiture on August 7, concluding by end of September."
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 3,
    "also_reported_by": [
      {
        "outlet": "The Hollywood Reporter",
        "title": "Byron Allen Sells His Stake in Starz",
        "url": "https://urgent.news/2026/10/29/byron-allen-sells-his-stake-in-starz",
        "published": "2026-10-29T21:01:55.000Z"
      },
      {
        "outlet": "Deadline",
        "title": "Byron Allen Sells Entire Stake In Starz",
        "url": "https://urgent.news/2026/10/29/byron-allen-sells-entire-stake-in-starz",
        "published": "2026-10-29T21:30:48.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}