Published: August 1, 2013 @ 08:09 print this pageTweet by Brent langfollow @BrentALang Net income fell 7 percent at Starz in the second quarter of 2013 on higher production costs, but premium cable channel beat analyst projections.
His report shares of the Starz rose 6.54 percent to $23,96 from 10:56 EST strength.
The company behind shows such as "Magic City" and "Da Vinci's demons" gains $63.9 million, or 52 cents per share to below $68.7 million, or 57 cents a share reported in the same period a year ago. However respondents analysts by Thomson Reuters projected the result 42 cents a share for the 3-month period ending in June.
Sales at the company surpassed projections to climb 29 percent to $517,4 million. Wall Street had Starz report $406,77 million revenue expected.
Subscription to Starz jumped 5 percent to an all-time high of 21.8 million, while the company beat sister channel Encore 3 percent to 35.1 million saw subscriptions rise.
In addition, Starz said it had has "Power", a new series of producer Curtis "50 cent" Jackson and expected that they air in 2014. It has also a second season of his upcoming pirate show "Black Sails" order before an episode has even debuted. The show premieres in January.
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