Starz Born Again as Movie Producer.(Liberty Media Corp. acquired IDT Entertainment which was renamed as Starz Media)
Multichannel News, September, 2006 by Lewis, Christian; Donohue, Steve
By Christian Lewis & Steve Donohue
Starz is significantly ramping up production of original series and movies for network and theatrical distribution, following parent Liberty Media Corp.'s acquisition of IDT Entertainment.
IDT -- owner of Film Roman, the animation house behind The Simpsons and King of the Hill -- was sold by IDT Corp. for $186 million in cash. Liberty also relinquished 17.2 million class-B shares of IDT Corp., a 5% minority interest in IDT Telecom (originally bought for $30 million in January 2002), and approximately 4% minority interest in certain IDT Capital subsidiaries. About $74 million in IDT Entertainment debt also goes to Liberty.
IDT Entertainment has been renamed Starz Media. That unit, best known for...
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