JPMorgan Has 5 Key Takeaways from Amazon's (AMZN) Strong Quarter

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Starz Reports Second Quarter 2016 Financial Results

July 28, 2016 4:06 PM EDT

ENGLEWOOD, Colo.--(BUSINESS WIRE)-- Starz (NASDAQ: STRZA, STRZB) today reported second quarter 2016 results.

Highlights include (1):

Reached $4.4 billion cash and stock deal to merge with Lions Gate

Financial Highlights:

Reported consolidated revenue of $402.6 million; operating income of $105.4 million; fully diluted earnings per share of $0.54 and Adjusted OIBDA (2) of $127.4 million Starz Networks reported revenue of $343.1 million; operating income of $121.1 million and Adjusted OIBDA of $132.1 million

Operating Highlights:

Increased STARZ subscriptions by 200,000 since March 31, 2016 to a new high of 24.2 million; combined STARZ... More