Byron Allen Earns Profit After Selling All the Starz Stock He Bought From Steven Mnuchin

Byron Allen Earns Profit After Selling All the Starz Stock He Bought From Steven Mnuchin hakkında magazin dünyasında yaşanan en son ayrıntılar ve sıcak gelişmeler netleşti. Oct 29, 2026 2:31pm PT Byron Allen Earns Profit After Selling All the Starz Stock He Bought From Steven Mnuchin By Todd Spangler Plus Icon Todd Spangler NY Digital Editor xpangler Latest People Inc. Lays Off 195 Staffers, About 6% of Workforce, With CEO Citing ‘Rapid Changes in Media’ 2 hours ago Juliana Stock Exiting as A+E’s Marketing and Digital Chief to Become Hearst Magazines President 6 hours ago Gerry Cardinale’s RedBird and Guy Oseary’s Sound Ventures Team on $1 Billion Fund Targeting Tech, Media and Culture Investments 8 hours ago See All Add us as a Google Preferred Source Comments Buy low, sell high: Investor and media entrepreneur Byron Allen has sold all of the shares in Starz that he had acquired earlier this year from Steve Mnuchin, the former Hollywood producer who served as Treasury Secretary during President Trump’s first term.

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He sold all 1.8 million shares of Starz he had owned over the course of August and September 2026, according to an SEC filing Thursday. Allen’s sale of the stocks added up to a total of $44.9 million, almost $20 million more than he paid for them.

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In March, Allen Family Capital, Allen’s investment arm, acquired a 10.7% stake in Starz for $25 million in a private transaction with Mnuchin’s Liberty 77 Capital. Separately, Starz reported third-quarter 2026 earnings results Thursday.

The company, which separated from Lionsgate last year, narrowed its net loss in the period to $34.8 million (compared with a net loss of $52.6 million a year earlier). Overall revenue was flat at $322.4 million while streaming revenue of $226.6 million was up 1.7% year over year.

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