Hollywood Heavy Hitter: Byron Allen Grabs $25M Starz Stake in Major Industry Shake-Up!
Media mogul Byron Allen's Allen Family Capital has acquired a 10.7% stake in Starz Entertainment for $25 million from Steve Mnuchin's Liberty 77 Capital. This strategic move establishes Allen as a significant shareholder in Starz, which recently spun off from Lionsgate and reported its latest subscriber and revenue figures. Allen Family Capital intends to continually review and potentially adjust its investment based on Starz's performance and market conditions.
Allen Family Capital, the private investment firm and family office of media mogul Byron Allen, has acquired a significant 10.7% stake in Starz Entertainment. This acquisition, valued at $25 million, was executed through a private transaction with Steve Mnuchin's Liberty 77 Capital.
The deal involved Allen Family Capital purchasing 1,803,786 common shares of Starz at a price of $13.86 per common share. This transaction marks Byron Allen's initial entry into Starz's ownership, as he previously held no shares in the company, and now possesses beneficial ownership of approximately 10.7% of Starz's issued and outstanding common shares.
The shares were sold by Mnuchin's Liberty Funds, which had entered an agreement on March 4 to divest all of their holdings in Starz via this private sale. Steve Mnuchin, known as a former Hollywood producer and Treasury Secretary during President Trump’s first term, also maintains a stake of about 13% in Lionsgate Studios, having joined its board in January.
Starz itself underwent a significant corporate restructuring in May 2025 when Lionsgate completed its split with the premium cable and streaming business, making Starz a separately traded company. At the close of 2025, Starz reported 12.7 million U.S. streaming subscribers, an increase of 370,000 in the year-end period. Its total subscriber base across all platforms reached 17.6 million, growing by 170,000 sequentially.
Financially, Starz's fourth-quarter 2025 streaming revenue stood at $210.3 million, a decrease from $239 million in the previous year's quarter. However, linear and