Starz Spinoff

Liberty Media is spinning off its Starz premium subscription television channel.

The separate company will trade on the NASDAQ exchange as two classes of stock – STRZA and STRZB, according to Deadline Hollywood.

However, the deal is reportedly structured as if Starz is spinning off Liberty. 

“Liberty Media’s John Malone is famous for constructing Rube Goldberg-like deals that enable him to avoid taxes, or avoid scrutiny,” Deadline’s David Lieberman said. “And [this spinoff] will do nothing to change that reputation.”

Liberty Media holds a 26.4 percent stake in Live Nation Entertainment.