Michael Burns also talked possible merger partners and a Starz sale during an appearance at an investors conference.
Lionsgate vice chairman Michael Burns on Thursday warned upcoming carriage renewal talks with Comcast for its Starz and Starz Encore services could produce a heated battle.
Shares of Lionsgate plunged on August 30 amid rumors that Comcast will not renew a pact that makes Starz and Starz Encore available to its cable TV subscribers as part of its main lineup, though stock in the Hollywood studio has since recovered in value. He also discussed the studio's merger prospects as Burns outlined to investors -- and possible suitors like streaming and phone giants -- Lionsgate's vast array of entertainment properties. "It's very hard to replicate the assets we have. Are we big enough to go it alone? Yea, we can make real money. Is there some sort of strategic alliance that make sense, at the appropriate time? Sure," Burns ventured.
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