2:53pm PT by Michael O'Connell
Chris Albrecht Stepping Down as Starz CEO
Starz CEO Chris Albrecht is exiting his post.
The premium cable outlet on Friday announced that Albrecht would depart the network in March, opting to step down more than a year before his current contract expires. Albrecht has been with Starz for nearly a decade, and his exit comes as the network becomes more fully integrated with Canadian entertainment company Lionsgate — which acquired Starz and its various properties in 2016 for $4.4 billion. COO Jeffrey Hirsch and the current leadership team will work alongside Lionsgate CEO Jon Feltheimer going forward.
Albrecht's tenure at Starz saw the network become an aggressive player in both original programming and OTT. With the launch of its streaming service in 2016, it added 3 million subscribers and became an even bigger player in the premium space.