Byron Allen’s Starz investment

Media entrepreneur Byron Allen has taken another step toward expanding his growing media empire. Through his family office, Allen recently acquired a 10.7% stake in Starz Entertainment, purchasing the shares from a fund managed by former U.S. Treasury Secretary Steven Mnuchin.

The transaction, valued at approximately $25 million, gives Allen a significant minority position in the premium cable and streaming platform. While the investment itself may seem modest compared to the billion-dollar deals common in Hollywood, analysts say the move could signal a larger strategy unfolding in the rapidly evolving streaming industry.

Why the Starz Deal Matters

The shares were sold by Mnuchin’s Liberty 77 Capital fund, which previously invested in the company when Starz was still connected to its former parent, Lionsgate.

In 2025, Lionsgate completed a corporate restructuring that separated its operations into two distinct companies:

• Lionsgate Studios – responsible for film and television production
• Starz – focused on premium cable and streaming services

Following the spin-off, Starz became an independent publicly traded company. As a result, investors are still determining the platform’s long-term value in an increasingly crowded streaming marketplace.

A Streaming Platform With Loyal Audiences

Despite facing intense competition from larger platforms such as Netflix, Disney+, and Amazon Prime Video, Starz continues to maintain a strong subscriber base and recognizable content franchises.

• Outlander – historical drama series
• The Power franchise created by Courtney A. Kemp and executive produced by 50 Cent

Byron Allen’s Long-Term Media Strategy

Allen’s investment strategy has long focused on owning media distribution and infrastructure rather than simply producing content.

• The Weather Channel
• Dozens of local television stations across the United States
• Multiple niche cable networks and digital platforms

Over the past several years, Allen has also pursued larger acquisitions, reportedly exploring deals involving companies such as Paramount Global and BET Media Group. While those deals did not materialize, they signaled his ambition to expand Allen Media Group into a major force in global media ownership.

The Bigger Picture: Industry Consolidation

Allen’s investment arrives during a time of significant disruption in the entertainment business. Traditional cable television continues to decline as audiences migrate toward streaming platforms. At the same time, major studios and media companies are struggling to make streaming services consistently profitable.

Industry observers believe these pressures could lead to a new wave of consolidation across Hollywood and the streaming sector. Smaller platforms like Starz could become attractive acquisition targets for larger companies seeking additional subscribers and content libraries.

A Potential Hidden Opportunity

For now, Allen’s 10.7% stake does not give him control of Starz. However, it does provide influence as one of the company’s larger shareholders and leaves open the possibility of increasing his ownership in the future.

If consolidation accelerates and streaming platforms begin merging or forming partnerships, assets like Starz could become significantly more valuable. For Byron Allen—whose career began as a stand-up comedian before evolving into one of the most prominent independent media owners in America—the investment may represent another calculated step in a decades-long strategy built around media ownership and long-term growth.

Related Coverage

• Byron Allen Acquires Stake in Starz – Hollywood Reporter
• Starz Spin-Off from Lionsgate: What It Means for Streaming – Variety
• Byron Allen’s Media Acquisitions: Building a Modern Empire – Forbes
• Starz in the Streaming Wars: How It Compares – CNBC
• Why Byron Allen is Betting on Streaming Platforms – Deadline

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The company announced a North American transactional VOD release for A Murder Between Friends on Jan. 13, 2026, via a deal with Scott J. Jones and Artist View Entertainment. The “murder-com” feature stars — and is produced by — Dame Joan Collins (Dynasty), with Mark Rozzano writing and producing and Jacob Young and Trent Garrett co-directing.

The film was shot on location at Úsobí Castle in the Czech Republic and leans into classic country-estate mystery energy: six friends on vacation, one of them murdered, and everyone suddenly a suspect.

Synopsis (official): When six friends vacation at the country estate of a legendary true-crime TV star (Collins), the last thing they expect is to find one of their own murdered. Everyone is a suspect as they try to determine who among them would have the means, motive, and opportunity. As tensions grow, they enlist the aid of their celebrity sleuth hostess to uncover the truth before the killer can strike again.

The cast includes Nadia Bjorlin, Jacob Young, Trent Garrett, Toby-Alexander Smith, Simon Cotton, India Thain, Hana Vagnerová, Jim Borstelmann, and internet personality Espen Hatleskog (IG’s @pilotviking).

Vision Films CEO Lise Romanoff called it a twist-heavy mystery that keeps flipping expectations, with Collins bringing “authenticity and humor for a suspense-filled ride.”

Trailer: https://youtu.be/eUdW9Jt_rxw

Where to watch: A Murder Between Friends will be available on most major streaming and cable platforms across the U.S. and Canada on Jan. 13, 2026. Pre-orders are live on iTunes/Apple TV (US, CA) and Vudu/Fandango at Home (US).

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Hulu is adding a new cult-leaning superhero to its lineup. Cineverse (Nasdaq: CNVS) announced that Hulu has acquired streaming rights to The Toxic Avenger, with the film set to make its SVOD premiere on Thursday, Jan. 8, 2026.

The action-comedy/horror title has already built strong buzz with critics and genre fans, including an 86% score on Rotten Tomatoes, according to Cineverse.

A reboot with a stacked cast

Written and directed by Macon Blair (I Don’t Feel at Home in This World Anymore), The Toxic Avenger features an ensemble cast led by Peter Dinklage as Winston Gooze, a downtrodden janitor whose life changes after a catastrophic toxic accident.

Cineverse highlighted additional cast members including Kevin Bacon, Elijah Wood, Jacob Tremblay, and Taylour Paige.

What the story is about

The film follows Winston Gooze after he’s transformed into a new kind of radioactive hero: the Toxic Avenger. Now “Toxie” must go from outcast to savior, taking on corporate overlords and corrupt forces while trying to protect his son, his friends, and his community.

In Cineverse’s words: in a world where greed runs rampant, “justice is best served radioactive.”

A campaign with real-world impact

Beyond the film’s critical reception, Cineverse credited the movie’s campaign with helping eliminate more than $15 million in medical debt for over 10,000 people, in partnership with Undue Medical Debt.

Where it goes after Hulu

Cineverse said Hulu’s debut will be part of an exclusive window. After that, the film is expected to become available on other SVOD and FAST platforms, including Cineverse’s horror-focused streaming brand Screambox.

For viewers who don’t want to wait, Cineverse noted the film is currently available to rent (TVOD) or purchase digitally and on physical media.

About Cineverse

Cineverse describes itself as a “next-generation entertainment studio” that distributes more than 71,000 films, series, and podcasts, and includes properties such as Bloody Disgusting and a network of streaming fandom channels.

What to watch for

For Hulu subscribers, The Toxic Avenger could be a notable early-2026 add—especially for fans of horror-comedy, offbeat superhero stories, and cult franchises getting modern reboots.

Advertisement

Premiere date: Thursday, Jan. 8, 2026
Platform: Hulu

Source: PRNewswire (Cineverse), Jan. 6, 2026 — Read the release

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