# Starz Q2 Revenue Falls 4%, Takes $147M Charge to End Universal Deal

Starz reported a 4% decline in second-quarter revenue as its streaming subscriber losses began to stabilize. The company also took a $147 million charge tied to terminating its output deal with Universal, reflecting a strategic pivot away from exclusive theatrical releases. This move signals Starz's focus on proprietary content to compete in a crowded streaming market.

**Importance:** 3/5

## Sources

### Entertainment
- [Variety](https://variety.com/2026/tv/news/starz-q2-2026-earnings-streaming-universal-deal-termination-1236829362/) — Fri, 07 Aug 2026 11:00:00 +0000