{"schema_version":"secwatch.filing_event.v1","accession":"0001628280-26-054564","form_type":"8-K","ticker":"STRZ","cik":"0000929351","company_name":"STARZ ENTERTAINMENT CORP /CN/","filed_at":"2026-08-07T11:00:18+00:00","discovered_at":"2026-08-07T11:05:00.452806+00:00","generated_at":"2026-08-07T11:05:42.483138+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Starz Q2 revenue $307.9M, operating loss $175.5M on restructuring; raises FY26 OIBDA, FCF outlook","bullets":["Q2 revenue $307.9M; operating loss $(175.5)M driven by non-recurring restructuring charge; adjusted OIBDA $59.9M.","Raises 2026 adjusted OIBDA growth outlook to mid-single-digits (from low-single); FCF outlook raised to mid-to-upper end of $80-120M range.","Reiterates 2.7x year-end leverage target; actual 2.9x TTM; net debt $565.5M vs total debt $625.1M ($300M term loan A + $325.1M notes).","Cash $59.6M; $150M revolver fully undrawn; reiterates positive YoY OTT revenue growth and 20% OIBDA margin by H2 2027.","CEO Jeffrey Hirsch cites 'Fightland' premiere success and stronger back-half visibility as drivers of raised outlook."],"urls":{"canonical":"https://secwatch.observer/filing/0001628280-26-054564","json":"https://secwatch.observer/filing/0001628280-26-054564.json","markdown":"https://secwatch.observer/filing/0001628280-26-054564.md","text":"https://secwatch.observer/filing/0001628280-26-054564.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/929351/000162828026054564/0001628280-26-054564-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/929351/000162828026054564/starz-20260807.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-08-07T11:05:42.483138+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}