Starz Still Looks At Takeover Deals As It Beefs Up Original Programming

Starz has looked like takeover bait since January when Liberty Media spun off the premium networks company. And investment bankers “of every shape, color, and size have come to us to talk about their best ideas,” Starz CEO Chris Albrecht told investors this morning at the Goldman Sachs Communacopia Conference. But “there hasn’t been anything yet that makes sense to us.” So he continues to plug ahead with a strategy to boost the number of original shows Starz airs, and expand the number of platforms where the networks he controls are offered. Next year Starz should have about 50 hours of originals — and Albrecht says he’d like to increase that to about 75 hours, close to what HBO offers. “HBO has a lot of everything, including money.” He’s not certain how long it will take to get there because “those decisions haven’t been made yet” and the company’s tentative plans provide opportunities for it to “press pause” if shows fail to perform as well as he expects. A lot depends on the deals Starz can make to co-produce new series, or licence them, overseas.

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