Starz Exploring Launching Streaming Service in Select International Markets
The company is looking at emerging markets in such regions as the Middle East, Africa, Asia and Latin America
Starz is looking at launching streaming services in select emerging markets outside the U.S., sources said on Monday.
The "over-the-top" streaming video services could become available in countries in such regions as the Middle East, Africa, Asia and Latin America. The Financial Times had reported that the company was mulling the launch of such possible international Starz Play services with Peter Ekelund's Parsifal Entertainment, a Swedish company that helped launch HBO’s streaming service in Scandinavia.
Joining Starz as investors in an international venture that could lead to the market launches are Parsifal and unnamed financial institutions, according to the FT.
Starz CEO Chris Albrecht told the paper: "The amount of money and capital investment needed to build these new platforms is a fraction of what it is to build a linear [television] channel."
The company didn't comment on its international plans or which countries could get a streaming Starz service and when.
Oct. 13, 8:10 a.m. Updated with source information.