8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d)

of the Securities Exchange Act of 1934

Date of Report (date of earliest event reported): March 1, 2016

Starz

(Exact name of registrant as specified in its charter)

Delaware	001-35294	20-8988475
(State or other jurisdiction of	(Commission	(I.R.S. Employer
incorporation or organization	File Number)	Identification No.)

8900 Liberty Circle

Englewood, Colorado 80112

(Address of principal executive offices and zip code)

Registrant’s telephone number, including area code: (720) 852-7700

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 2.02. Results of Operations and Financial Condition.

Item 7.01.  Regulation FD Disclosure.

Scott Macdonald, Chief Financial Officer of Starz, will be presenting at the J.P. Morgan Global High Yield &  Leveraged Finance Conference on Tuesday, March 1, 2016 at 9:00 AM ET (the “J.P. Morgan Conference”).  Mr. Macdonald’s presentation (the “Slide Presentation”) will include information regarding Starz’s interest coverage ratio and free cash flow, a non-GAAP financial measure, together with applicable definitions and a reconciliation.  Starz is furnishing the portions of Mr. Macdonald’s presentation relating to the discussion of Starz’s interest coverage ratio and free cash flow as Exhibit 99.1 to this Current Report on Form 8-K.  A copy of the Slide Presentation will also be accessible from Starz’s website.

This Current Report on Form 8-K and the Slide Presentation attached hereto as Exhibit 99.1 are being furnished to the Securities and Exchange Commission under Item 7.01 of Form 8-K in satisfaction of the public disclosure requirements of Regulation FD and shall not be deemed “filed” for any purpose.

Item 9.01.  Financial Statements and Exhibits.

(d) Exhibits

Exhibit No.	Name
99.1	Excerpts from Slide Presentation for J.P. Morgan Conference

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SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Date:  February 29, 2016

STARZ
By:	/s/ David I. Weil
	Name:	David I. Weil
	Title:	Executive Vice President and General Counsel

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EXHIBIT INDEX

Exhibit No.	Name
99.1	Excerpts from Slide Presentation for J.P. Morgan Conference

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EX-99.1

Exhibit 99.1

JP Morgan Leveraged Finance Conference March 2016 Exhibit 99.1

(1) Refer to Reconciling Schedules Page 2 Starz Consolidated Original programming fully funded from cash generated from operating activities Low capex requirements Free cash flow used to maintain debt ratios and share repurchases Free cash flow (1) (in millions)

$65 million capital leases $308 million drawn on revolving credit facility $677 million 5% senior unsecured notes due 2019 (3) $1,038 M 71% fixed 29% floating As of December 31, 2015 Includes $11.9M of debt issuance costs Includes $2M million bond premium Debt (2) – 2.2x Levered, Target 2.5x Cash / Availability (in millions) $703 M $1,000 million revolving credit facility; $692 million available $11 million cash Page 3 Consolidated debt and liquidity (1) (in millions)

Leverage and interest coverage ratios Page 4 Leverage Ratio Interest Coverage Ratio Leverage increased and interest coverage decreased Y/Y in 2013 as a result of Starz becoming a separately traded public company 2.5x leverage target N/A

Reconciling schedules (continued) Schedule 1 Note: The information shown above provides a reconciliation of Adjusted OIBDA to operating income and free cash flow to net cash provided by operating activities calculated in accordance with GAAP for periods reflected. Page 5 ($ in millions) 2011 2012 2013 2014 2015 Consolidated Starz Adjusted OIBDA 450 $ 445 $ 477 $ 502 $ 462 $ Stock compensation (7) (20) (34) (31) (33) Depreciation and amortization (18) (19) (17) (19) (19) Operating income 425 $ 405 $ 425 $ 452 $ 410 $ ($ in millions) 2011 2012 2013 2014 2015 Starz Networks Adjusted OIBDA 428 $ 447 $ 456 $ 496 $ 429 $ Stock compensation (7) (19) (32) (27) (30) Depreciation and amortization (13) (13) (13) (15) (16) Operating income 408 $ 415 $ 411 $ 454 $ 383 $ ($ in millions) 2011 2012 2013 2014 2015 Consolidated Starz Free cash flow 285 $ 276 $ 298 $ 195 $ 233 $ Capital expenditures 8 16 15 11 17 Tax benefit of stock appreciation rights (payment to Company founder) 55 - - - - Net cash provided by operating activities 348 $ 292 $ 313 $ 207 $ 251 $ ($ in millions) 2015 Starz Reconciliation by Segment Starz Networks Starz Distribution Starz Animation Other Total Adjusted OIBDA 429 $ 36 $ (2) $ (2) $ 462 $ Stock compensation (30) (2) - (1) (33) Depreciation and amortization (16) (2) - (2) (19) Operating income 383 $ 32 $ (2) $ (4) $ 410 $