Last week, it was announced that Allen Family Capital, which is the investment arm of media mogul Bruce Allen, acquired 10.7 percent of Starz Entertainment.
The 10.7 percent investment for $25 million in a private deal with Liberty Steve Mnuchin‘s Liberty 77 Capital.
According to Variety.com, Allen Family Capital said it acquired 1,803,786 common shares of Starz at 13.86 per share, totaling $25 million.
The deal allows the mogul to add to his already established media portfolio, which includes the Weather Channel, TheGrio, HBCUGo, and Comedy.TV, Cars.TV, Justice Central. TV.
Per the SEC, on March 4th, 2026, Mnuchin’s Liberty Funds agreed to sell all of its shares for $25 million. For those who aren’t familiar with Mnuchin, he is a former Hollywood producer who also served as President Trump’s Treasury Secretary during his first term.
Last May, Lionsgate decided to sever its business ties with Starz, severing its premium cable and streaming business.
According to Lionsgate, Mnuchin still owns 13% of Lionsgate Studios and was named to th company’s board in January of 2026.
“I have long admired Lionsgate’s creativity, entrepreneurial spirit, and ability to excel in a competitive industry. I am pleased to join the Company’s Board,” said Mnuchin in a press release. “Lionsgate’s Board and management team are building something dynamic and forward‑looking, and I am eager to support that momentum. I look forward to helping guide the company in combining strong vision with disciplined execution.”
Dr. Mark Rachesky, Chair of the Lionsgate Board of Directors, added, “Steven brings a long record of public and private sector leadership and is an exceptional addition to the Lionsgate Board.”
“His steady judgment, global perspective and deep industry insights will be enormously valuable as Lionsgate continues to grow as one of the world’s leading pure-play content studios. Steven and his fund are significant Lionsgate investors, and his interests are aligned with those of Lionsgate shareholders. I and the rest of the Board look forward to working closely with him on the creation of further shareholder value.”
Allen Family Capital, located in Beverly Hills, is Byron Allen’s private investment firm and family office.
According to the firm, Allen decided to buy into Starz, “for investment purposes and intends to review such investment on a continuing basis. As such, Allen may, depending on Starz’s performance and other market conditions, increase or decrease the investment position,”
“Allen may, from time to time, make additional acquisitions of Common Shares or other securities of Starz either in the open market or in privately negotiated transactions, including transactions directly with Starz,” Allen Family Capital said. Such decisions will be based on its “evaluation of Starz’s business, prospects, financial condition and results of operations, the market for the Common Shares or other securities, other opportunities available to Allen, general economic conditions, stock market conditions and other factors.”
This is just the last move by Allen after selling ten of his local television stations to Gray Media for $171 million in August of 2025.
The Allen Media Group, founded in 1993, owns and/or operates 27 ABC, NBC, CBS, and Fox network-affiliated broadcast television stations in 21 U.S. markets.