10-Q

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-Q

_X_QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended March 31, 2014

OR

___ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from to

Commission File Number 333-184551

Starz, LLC

(Exact Name of Registrant as Specified in Its Charter)

Delaware(State or other jurisdiction ofincorporation or organization) 20-8988475(I.R.S. EmployerIdentification No.)

8900 Liberty Circle Englewood, Colorado (Address of principal executive offices) 80112(Zip Code)

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

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports) and (2) has been subject to such filing requirements for the past 90 days. Yes__X__ No____

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files). Yes ___ No__X__

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See the definitions of “large accelerated filer,” “accelerated filer” and “smaller reporting company” in Rule 12b-2 of the Exchange Act

Large accelerated filer ____ Accelerated filer ____ Non-accelerated filer __X_ Smaller reporting company ____

Indicate by check mark whether the Registrant is a shell company (as defined in Rule 12b-2 of the Act). Yes ____ No _X__

No common stock is held by non-affiliates of the Registrant. The Registrant is a wholly-owned subsidiary of Starz, which holds all of the issued and outstanding shares of the Registrant.

STARZ, LLC

FORM 10-Q

Table of Contents

	Part I	Page
Item 1.	Financial Statements
	Condensed Consolidated Balance Sheets as of March 31, 2014 and December 31, 2013 (Unaudited)	2
	Condensed Consolidated Statements of Operations for the Three Months Ended March 31, 2014 and 2013 (Unaudited)	3
	Condensed Consolidated Statements of Comprehensive Income for the Three Months Ended March 31, 2014 and 2013 (Unaudited)	4
	Condensed Consolidated Statements of Cash Flows for the Three Months Ended March 31, 2014 and 2013 (Unaudited)	5
	Condensed Consolidated Statement of Member’s Interest and Noncontrolling Interests for the Three Months Ended March 31, 2014 (Unaudited)	6
	Notes to Condensed Consolidated Financial Statements (Unaudited)	7
Item 2.	Management's Discussion and Analysis of Financial Condition and Results of Operations	23
Item 3.	Quantitative and Qualitative Disclosures About Market Risk	29
Item 4.	Controls and Procedures	30
	Part II
Item 1.	Legal Proceedings	31
Item 6.	Exhibits	31

1

PART I

Item 1. Financial Statements

Starz, LLC and Subsidiaries

Condensed Consolidated Balance Sheets

(Unaudited)

(in millions)

	March 31, 2014			December 31, 2013
Assets
Current assets:
Cash and cash equivalents	$	17.9		$	25.7
Restricted cash	32.7			30.1
Trade accounts receivable, net of allowances of $32.1 and $32.8	259.9			247.1
Program rights, net	369.3			271.8
Deferred income taxes	0.5			0.5
Other current assets	45.2			63.8
Total current assets	725.5			639.0
Program rights	361.9			333.2
Investment in films and television programs, net	187.3			194.6
Property and equipment, net of accumulated depreciation of $110.7 and $106.4	92.7			95.7
Deferred income taxes	20.6			18.5
Goodwill	131.8			131.8
Other assets, net	40.1			37.2
Total assets	$	1,559.9		$	1,450.0
Liabilities and Member’s Interest
and Noncontrolling Interests
Current liabilities:
Current portion of debt (Note 2)	$	5.0		$	4.9
Trade accounts payable	7.8			7.3
Accrued liabilities (Notes 4, 6 and 7)	375.8			297.8
Deferred revenue	22.1			16.6
Total current liabilities	410.7			326.6
Debt (Note 2)	1,073.1			1,054.5
Other liabilities (Note 6)	12.8			14.2
Total liabilities	1,496.6			1,395.3
Member’s interest	68.6			61.9
Noncontrolling interests in subsidiaries	(5.3		)	(7.2		)
Total member’s interest and noncontrolling interests	63.3			54.7
Commitments and contingencies (Note 6)
Total liabilities and member’s interest and noncontrolling interests	$	1,559.9		$	1,450.0

See accompanying notes to condensed consolidated financial statements.

2

Starz, LLC and Subsidiaries

Condensed Consolidated Statements of Operations

(Unaudited)

(in millions)

	Three Months Ended March 31,
	2014			2013
Revenue:
Programming networks and other services	$	363.3		$	349.5
Home video net sales	56.7			49.8
Total revenue	420.0			399.3
Costs and expenses:
Programming (including amortization) (Note 6)	156.2			146.0
Production and acquisition (including amortization) (Note 4)	40.9			39.8
Home video cost of sales	13.0			15.1
Operating	14.0			12.7
Selling, general and administrative	69.7			69.2
Stock compensation (Note 3)	7.8			7.3
Depreciation and amortization	4.9			4.4
Total costs and expenses	306.5			294.5
Operating income	113.5			104.8
Other income (expense):
Interest expense, net of amounts capitalized (Note 2)	(11.5		)	(10.2		)
Other income (expense), net	0.5			(1.5		)
Income before income taxes	102.5			93.1
Income tax expense (Note 5)	(35.7		)	(34.9		)
Net income	66.8			58.2
Net income attributable to noncontrolling interests	(1.9		)	(0.3		)
Net income attributable to member	$	64.9		$	57.9

See accompanying notes to condensed consolidated financial statements.

3

Starz, LLC and Subsidiaries

Condensed Consolidated Statements of Comprehensive Income

(Unaudited)

(in millions)

	Three Months Ended March 31,
	2014			2013
Net income	$	66.8		$	58.2
Other comprehensive income (loss), net of taxes -
Foreign currency translation adjustments from operations	(0.2)			0.1
Comprehensive income	66.6			58.3
Comprehensive income attributable to noncontrolling interests	(1.9		)	(0.3		)
Comprehensive income attributable to member	$	64.7		$	58.0

See accompanying notes to condensed consolidated financial statements.

4

Starz, LLC and Subsidiaries

Condensed Consolidated Statements of Cash Flows

(Unaudited)

(in millions)

	Three Months Ended March 31,
	2014			2013
Operating activities:
Net income	$	66.8		$	58.2
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	4.9			4.4
Amortization of program rights	146.3			135.5
Program rights payments	(112.6		)	(109.2		)
Amortization of investment in films and television programs	36.2			27.4
Investment in films and television programs	(79.5		)	(53.6		)
Stock compensation	7.8			7.3
Payments of long term incentive plan	—			(2.4		)
Deferred income taxes	(2.1		)	17.9
Other non-cash items	0.9			(2.6		)
Changes in assets and liabilities:
Current and other assets	(1.5		)	(18.2		)
Due to affiliate	—			(39.5		)
Payables and other liabilities	(25.9		)	41.5
Net cash provided by operating activities	41.3			66.7
Investing activities – purchases of property and equipment	(1.3		)	(0.7		)
Financing activities:
Borrowings of debt	84.0			923.5
Payments of debt	(65.2		)	(516.1		)
Debt issuance costs	—			(2.1		)
Contributions from parent related to exercise of stock options	0.7			—
Minimum withholding of taxes related to stock compensation	(5.7		)	(0.7		)
Excess tax benefit from stock compensation	4.4			0.4
Distributions to parent related to repurchases of common stock	(66.0		)	(2.9		)
Distributions to Old LMC	—			(1,200.0		)
Net cash used in financing activities	(47.8		)	(797.9		)
Net decrease in cash and cash equivalents	(7.8		)	(731.9		)
Cash and cash equivalents:
Beginning of period	25.7			749.8
End of period	$	17.9		$	17.9

See accompanying notes to condensed consolidated financial statements.

5

Starz, LLC and Subsidiaries

Condensed Consolidated Statement of Member’s Interest and Noncontrolling Interests

Three Months Ended March 31,2014

(Unaudited)

(in millions)

	Member’s Interest			Noncontrolling Interests			Total
Balance at December 31, 2013	$	61.9		$	(7.2	)	$	54.7
Net income	64.9			1.9			66.8
Other comprehensive loss	(0.2		)	—			(0.2		)
Stock compensation	8.6			—			8.6
Contributions from parent related to exercise of stock options	0.7			—			0.7
Minimum withholding of taxes related to stock compensation	(5.7		)	—			(5.7		)
Excess tax benefit from stock compensation	4.4			—			4.4
Distributions to parent related to repurchases of common stock	$	(66.0	)	$	—		$	(66.0	)
Balance at March 31, 2014	$	68.6		$	(5.3	)	$	63.3

See accompanying notes to condensed consolidated financial statements.

6

Starz, LLC and Subsidiaries

Notes to Condensed Consolidated Financial Statements (Unaudited)

March 31, 2014

Note 1 - Basis of Presentation and Description of Business

Presentation

Starz, LLC provides premium subscription video programming to United States (“U.S.”) multichannel video programming distributors (“MVPDs”), including cable operators, satellite television providers and telecommunications companies. Starz, LLC also develops, produces and acquires entertainment content and distributes this content to consumers in the U.S. and throughout the world. The accompanying condensed consolidated financial statements include the accounts of Starz, LLC and its majority-owned and controlled subsidiaries. All intercompany balances and transactions have been eliminated in consolidation.

The accompanying interim unaudited condensed consolidated financial statements have been prepared in accordance with U.S. generally accepted accounting principles (“GAAP”) for interim financial information and the instructions to Form 10-Q and Article 10 of Regulation S-X as promulgated by the Securities and Exchange Commission. Accordingly, they do not include all of the information and footnotes required by GAAP for complete financial statements. In the opinion of management, all adjustments (consisting of normal recurring accruals) considered necessary for a fair presentation of the results for such periods have been included. The results of operations for any interim period are not necessarily indicative of results for the full year. These condensed consolidated financial statements should be read in conjunction with the consolidated financial statements and notes thereto contained in Starz, LLC’s Annual Report on Form 10-K for the year ended December 31, 2013.

LMC Spin-Off

In January 2013, the parent company of Starz, LLC, Starz (formerly known as Liberty Media Corporation (“Old LMC”)), completed the spin off (the “LMC Spin-Off”) of its wholly-owned subsidiary Liberty Media Corporation (formerly known as Liberty Spinco, Inc. (“Liberty Media”)). Unless the context otherwise requires, Old LMC is used to refer to Starz, LLC’s parent company when events or circumstances being described occurred prior to the LMC Spin-Off and Starz is used to refer to Starz, LLC’s parent company when events or circumstances being described occurred following the LMC Spin-Off.

Business

Starz, LLC’s business operations are conducted by its wholly-owned subsidiaries Starz Entertainment, LLC (“Starz Entertainment”), Film Roman, LLC (“Film Roman”) and certain other immaterial subsidiaries, and its majority-owned (75%) subsidiary Starz Media Group, LLC (“Starz Media”). The Weinstein Company LLC (“Weinstein”) owns a 25% interest in Starz Media. Starz, LLC is managed by and organized around the following operating segments:

Starz Networks

Starz Networks’ flagship premium networks are Starz and Encore. Starz, a first-run movie service, exhibits contemporary hit movies, original series, and documentaries. Encore airs first-run movies and classic contemporary movies. Starz Network’s third network, MoviePlex, offers a variety of art house, independent films and classic movie library content. Starz and Encore, along with MoviePlex, air across 17 linear networks complemented by on-demand and Internet services. Starz Networks’ premium networks are offered by MVPDs to their subscribers either on a fixed monthly price as part of a programming tier or package or on an a-la-carte basis.

Starz Distribution

Starz Distribution includes Starz, LLC’s Home Video, Digital Media and Worldwide Distribution businesses.

7

Starz, LLC and Subsidiaries

Notes to Condensed Consolidated Financial Statements (Unaudited)

March 31, 2014

Home Video

Starz, LLC, through its majority-owned subsidiary Anchor Bay Entertainment, LLC (“Anchor Bay Entertainment”), sells or rents DVDs (standard definition and Blu-ray™) under the Anchor Bay and Manga brands, in the U.S., Canada, the United Kingdom, Australia and other international territories to the extent it has rights to such content in international territories. Anchor Bay Entertainment develops and produces certain of its content and also acquires and licenses various titles from third parties. Certain of the titles produced or acquired by Anchor Bay Entertainment air on Starz Networks’ Starz and Encore networks. Anchor Bay Entertainment also distributes Starz Networks’ original programming content and Weinstein’s titles. Each of these titles are sold to and distributed by regional and national retailers and other distributors, including Wal-Mart, Target, Best Buy, Ingram Entertainment, Amazon, Netflix and Redbox.

Digital Media

Digital Media distributes digital and on-demand content for Starz, LLC’s owned content and content for which it has licensed digital ancillary rights in the U.S. and throughout the world to the extent it has rights to such content in international territories. Digital Media receives fees for such services from a wide array of partners and distributors. These range from traditional MVPDs, Internet/mobile distributors, game developers/publishers and consumer electronics companies. Digital Media also distributes Starz Networks’ original programming content and Weinstein’s titles.

Worldwide Distribution

Worldwide Distribution distributes movies, television series, documentaries, children’s programming and other video content. Worldwide Distribution exploits Starz, LLC’s owned content and content for which it has licensed ancillary rights on free or pay television in the U.S. and throughout the world on free or pay television and other media to the extent it has rights to such content in international territories. It also distributes Starz Networks’ original programming content.

Starz Animation

Starz, LLC, through its wholly-owned subsidiary Film Roman, develops and produces two-dimensional animated content on a for-hire basis for various third party entertainment companies.

Use of Estimates

The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the amounts reported in the condensed consolidated financial statements and accompanying notes. Starz, LLC considers amortization of program rights, the fair value of goodwill and any related impairment, the development of ultimate revenue estimates associated with released films and television programs, the assessment of investment in films and television programs for impairment and allowances for sales returns to be its most significant estimates. Actual results may differ from those estimates.

Prior Period Reclassifications

Certain prior period amounts have been reclassified for comparability with the 2014 presentation.

8

Starz, LLC and Subsidiaries

Notes to Condensed Consolidated Financial Statements (Unaudited)

March 31, 2014

Note 2 - Debt

Debt consists of the following (in millions):

	March 31, 2014			December 31, 2013
Revolving Credit Facility (a)	$	326.5		$	306.5
Senior Notes, including premium of $2.9 and $3.0 (b)	677.9			678.0
Capital leases (c)	73.7			74.9
Total debt	1,078.1			1,059.4
Less current portion of debt	(5.0		)	(4.9		)
Debt	$	1,073.1		$	1,054.5

(a) Starz, LLC has entered into a credit agreement that provides for a $1,000.0 million senior secured revolving credit facility, with a $50.0 million sub-limit for standby letters of credit (“Revolving Credit Facility”) which matures on November 16, 2016. As of March 31, 2014, $673.5 million of borrowing capacity was available under the Revolving Credit Facility.

Interest on each loan under the Revolving Credit Facility is payable at either an alternate base rate or LIBOR at Starz, LLC’s election. Borrowings that are alternate base rate loans bear interest at a per annum rate equal to the alternate base rate plus a margin that varies between 0.5% and 1.5% depending on the consolidated leverage ratio, as defined in the credit agreement. The alternate base rate is the highest of (a) the Prime Rate, (b) the Federal Funds Effective Rate plus ½ of 1.0% or (c) LIBOR for a one-month interest period plus 1.0%. Borrowings that are LIBOR loans bear interest at a per annum rate equal to the applicable LIBOR plus a margin that varies between 1.5% and 2.5% depending on the consolidated leverage ratio. The credit agreement requires Starz, LLC to pay a commitment fee on any unused portion under the Revolving Credit Facility. The commitment fee varies between 0.25% and 0.50%, depending on the consolidated leverage ratio.

As of March 31, 2014, the following borrowings and related LIBOR or alternate base rate interest rates were outstanding under the Revolving Credit Facility (dollars in millions):

LIBOR or alternate base rate period:	Interest Rate	Loan Amount
March 2014 to April 2014	1.9045%	$	21.0
March 2014 to April 2014	1.9044%	254.0
March 2014 to April 2014	1.9043%	44.0
March 2014 and forward	4.0000%	7.5
		$	326.5

The credit agreement contains certain covenants that include restrictions on, among others, incurring additional debt, paying dividends, entering into liens or guarantees, or making certain distributions, investments and other restricted payments. In addition, Starz, LLC must comply with certain financial covenants, including a consolidated leverage ratio, as defined in the agreement. As of March 31, 2014, Starz, LLC was in compliance with all covenants under the credit agreement.

(b) Starz, LLC and Starz Finance Corp., a wholly-owned subsidiary, co-issued $675.0 million aggregate principal amount of 5.0% senior notes due September 15, 2019 (the “Senior Notes”). The Senior Notes bear interest at a rate of 5.0% payable semi-annually on September 15 and March 15 of each year and are guaranteed by Starz Entertainment.

The Senior Notes contain certain covenants that include restrictions on, among others, incurring additional debt, paying dividends, entering into liens and guarantees, or making certain distributions, investments and other

9

Starz, LLC and Subsidiaries

Notes to Condensed Consolidated Financial Statements (Unaudited)

March 31, 2014

restricted payments. As of March 31, 2014, Starz, LLC was in compliance with all covenants under the Senior Notes.

(c) On January 11, 2013, Starz, LLC entered into a commercial lease with a subsidiary of Liberty Media for its headquarters building. The term of the lease is ten years, with successive five-year renewal periods at the option of Starz, LLC. Starz, LLC has recorded a $44.8 million capital lease in connection with this lease agreement with an imputed annual interest rate of 6.4%.

Starz Entertainment has entered into capital lease agreements for its transponder capacity. The agreements expire during 2018 to 2021 and have imputed annual interest rates ranging from 5.5% to 7.0%.

At March 31, 2014, the fair value of the Senior Notes was $699.8 million and was based upon quoted prices in active markets. Starz, LLC believes the fair value of the Revolving Credit Facility approximates its carrying value as of March 31, 2014 due to its variable rate nature and Starz, LLC’s stable credit spread.

Amounts totaling $0.9 million and $1.3 million of interest expense have been capitalized as investment in films and television programs during the three months endedMarch 31, 2014 and 2013, respectively.

Note 3 – Stock Options and Restricted Stock

Starz has granted to certain of its directors and employees, stock options to purchase Series A common stock and restricted shares of Series A common stock pursuant to the Starz incentive plans. As of March 31, 2014, the total unrecognized compensation cost related to the unvested stock options and restricted stock was approximately $73.1 million. Such amount will be recognized in Starz, LLC’s condensed consolidated statements of operations over a weighted average period of approximately 2.72 years.

The following table presents the number and weighted average exercise price (“WAEP”) of stock options to purchase Starz common stock:

	Options		WAEP
Outstanding at December 31, 2013	15,479,560		$	15.94
Granted	—		$	—
Exercised	(854,520	)	$	12.13
Forfeited	(91,492	)	$	16.46
Expired/canceled	—		$	—
Outstanding at March 31, 2014	14,533,548		$	16.16
Exercisable at March 31, 2014	4,341,661		$	13.25

At March 31, 2014, the weighted-average remaining contractual terms of the outstanding options is 6.2 years and the exercisable options is 5.2 years. At March 31, 2014, the aggregate intrinsic value of the outstanding options is $234.3 million and the exercisable options is $82.6 million.

The following table presents the number and weighted-average grant date fair value of restricted stock grants:

	Restricted Stock		Weighted Average Grant-Date Fair Value
Outstanding at December 31, 2013	579,135		$	22.86
Granted	2,730		$	32.66
Vested	(115,971	)	$	18.74
Forfeited	—		$	—
Outstanding at March 31, 2014	465,894		$	23.91

10

Starz, LLC and Subsidiaries

Notes to Condensed Consolidated Financial Statements (Unaudited)

March 31, 2014

Note 4 – Related Party Transactions

In December 2010, Anchor Bay Entertainment entered into a five-year license agreement with Weinstein for the distribution, by the Home Video and Digital Media businesses, of certain of Weinstein’s theatrical releases. Starz, LLC recognized expense of $26.1 million and $17.0 million, which is included in production and acquisition costs in the accompanying condensed consolidated statements of operations, for Weinstein’s share of the net proceeds under the license agreement for the three months endedMarch 31, 2014 and 2013, respectively. Amounts due to Weinstein totaled $74.8 million and $75.9 million, which is included in accrued liabilities in the accompanying condensed consolidated balance sheets, at March 31, 2014 and December 31, 2013, respectively. Starz Entertainment guarantees Anchor Bay Entertainment’s advance payments to Weinstein under this agreement up to $50.0 million.

Note 5 - Income Taxes

The income tax provision for the three months endedMarch 31, 2014 is calculated by estimating Starz, LLC’s annual effective tax rate and then applying the effective tax rate to income before income taxes for the period, plus or minus the tax effects of items that relate discretely to the period, if any. For the three months endedMarch 31, 2014, income tax expense differs from the amounts computed by applying the U.S. federal income tax rate of 35% due to a benefit from Internal Revenue Code Section 199, which allows U.S. taxpayers a deduction for qualified domestic production activities.  In addition, income tax expense differs due to state and local taxes for both the three months endedMarch 31, 2014 and 2013.    

Note 6 - Commitments and Contingencies

Programming Rights

Starz has an exclusive multi-year output licensing agreement for qualifying films that are released theatrically in the U.S. by Sony Pictures Entertainment Inc.’s (“Sony”) Columbia Pictures, Screen Gems, Sony Pictures Classics, Sony Pictures Animation and TriStar labels through 2021, subject to certain limitations, including Sony’s right to withhold films released by Sony Pictures Animation. In addition, Starz has an exclusive long-term licensing agreement for theatrically released films from the Walt Disney Company (“Disney”) through 2015. The agreement provides Starz with exclusive pay TV rights to exhibit qualifying theatrically released live-action and animated feature films under the Disney, Touchstone, Pixar and Marvel labels. Theatrically released films produced by DreamWorks are not licensed to Starz under the Disney agreement. The programming fees to be paid to Sony and Disney are based on the quantity and domestic theatrical exhibition receipts of qualifying films. Starz has also entered into agreements with a number of other motion picture producers and is obligated to pay fees for the rights to exhibit certain films that are released by these producers.

The unpaid balance for program rights related to films that were available for exhibition at March 31, 2014 is reflected in accrued liabilities and in other liabilities in the accompanying condensed consolidated balance sheets. As of March 31, 2014, such liabilities aggregated approximately $148.8 million and are payable as follows: $136.9 million in 2014, $11.8 million in 2015 and $0.1 million in 2016.

Under the agreements with Sony and Disney, Starz, LLC is obligated to pay fees for the rights to exhibit films that have been released theatrically, but are not available for exhibition until some future date. The estimated amounts payable under Starz, LLC’s programming license agreements, including the Sony and Disney agreements, which have not been accrued as of March 31, 2014, are as follows: $166.3 million in 2014; $228.5 million in 2015; $102.1 million in 2016; $96.7 million in 2017; $91.0 million in 2018 and $206.4 million thereafter.

Starz, LLC is also obligated to pay fees for films that have not yet been released in theaters by Sony and Disney. Starz, LLC is unable to estimate the amounts to be paid under these agreements for films that have not yet been released; however, such amounts are expected to be significant.

Total amortization of program rights was $146.3 million and $135.5 million for the three months endedMarch 31, 2014 and 2013, respectively. These amounts are included in programming costs in the accompanying condensed consolidated statements of operations.

11

Starz, LLC and Subsidiaries

Notes to Condensed Consolidated Financial Statements (Unaudited)

March 31, 2014

Legal Proceedings

In the normal course of business, Starz, LLC is subject to lawsuits and other claims. While it is not possible to predict the outcome of these matters, it is the opinion of management, based upon consultation with legal counsel, that the ultimate disposition of known proceedings will not have a material adverse impact on Starz, LLC’s consolidated financial position, results of operations or liquidity.

Note 7 – Other Information

Accrued Liabilities

Accrued liabilities consist of the following (in millions):

	March 31, 2014		December 31, 2013
Royalties, residuals and participations	$	70.0	$	81.4
Participations payable to Weinstein	74.8		75.9
Program rights payable	141.0		32.2
Advertising and marketing	39.6		41.6
Payroll and related costs	16.0		28.7
Other	34.4		38.0
	$	375.8	$	297.8

Supplemental Disclosure of Cash Flow Information

The following table presents the supplemental disclosure of cash flow information (in millions):

	Three Months Ended March 31,
	2014		2013
Cash paid for interest, net of amounts capitalized	$	19.4	$	19.1
Cash paid for income taxes	$	2.6	$	16.5
Distribution of corporate office building to Old LMC	$	—	$	45.7
Capital lease related to commercial lease with subsidiary of Liberty Media	$	—	$	44.8
Tax attributes related to LMC Spin-Off	$	—	$	11.6

Note 8 – Information about Operating Segments

Starz, LLC is primarily engaged in video programming and development, production, acquisition and distribution of entertainment content. Starz, LLC evaluates performance and makes decisions about allocating resources to its operating segments based on financial measures such as Adjusted OIBDA. Adjusted OIBDA is defined as revenue less programming costs, production and acquisition costs, home video cost of sales, operating expenses and selling, general and administrative expenses. Starz, LLC’s chief operating decision maker uses this measure of performance in conjunction with other measures to evaluate the operating segments’ performance and make decisions about allocating resources among the operating segments. Starz, LLC believes Adjusted OIBDA is an important indicator of the operational strength and performance of its operating segments, including each operating segment’s ability to assist Starz, LLC in servicing its debt and to fund investments in films and television programs. In addition, this measure allows management to view operating results and perform analytical comparisons and benchmarking between operating segments and identify strategies to improve performance. This measure of performance excludes stock compensation and depreciation and amortization that are included in the measurement of operating income pursuant to GAAP. Accordingly, Adjusted OIBDA should be considered in addition to, but not as a substitute for, operating income, income before income taxes, net income, net cash provided by operating activities and other measures of financial performance prepared in accordance with GAAP.

12

Starz, LLC and Subsidiaries

Notes to Condensed Consolidated Financial Statements (Unaudited)

March 31, 2014

The following table provides a reconciliation of Adjusted OIBDA to income before income taxes (in millions):

	Three Months Ended March 31,
	2014			2013
Consolidated Adjusted OIBDA	$	126.2		$	116.5
Stock compensation	(7.8		)	(7.3		)
Depreciation and amortization	(4.9		)	(4.4		)
Interest expense, net of amounts capitalized	(11.5		)	(10.2		)
Other income (expense), net	0.5			(1.5		)
Income before income taxes	$	102.5		$	93.1

Starz, LLC’s reportable segments are strategic business units that offer different services. They are managed separately because each segment requires different technologies, content delivery methods and marketing strategies. Starz, LLC identifies its reportable segments as those operating segments that represent 10% or more of its consolidated annual revenue, annual Adjusted OIBDA or total assets. Starz Networks and Starz Distribution have been identified as reportable segments; however, as Starz, LLC has three operating segments, Starz Animation is also reported. Starz, LLC generally accounts for intersegment sales and transfers as if the sales or transfers were to third parties, that is, at current prices.

Performance Measures (in millions):

	Three Months Ended March 31,
	2014			2013
Revenue:
Starz Networks	$	324.0		$	315.8
Starz Distribution	87.3			76.2
Starz Animation	8.9			7.5
Inter-segment eliminations	(0.2		)	(0.2		)
Total Revenue	$	420.0		$	399.3
Adjusted OIBDA:
Starz Networks	$	114.0		$	114.4
Starz Distribution	12.7			2.6
Starz Animation	(0.6		)	(0.6		)
Inter-segment eliminations	0.1			0.1
Total Adjusted OIBDA	$	126.2		$	116.5

13

Starz, LLC and Subsidiaries

Notes to Condensed Consolidated Financial Statements (Unaudited)

March 31, 2014

Other Information (in millions):

	Three Months Ended March 31,
	2014			2013
Cash paid for investment in films and television programs:
Starz Networks	$	55.5		$	29.2
Starz Distribution	24.0			24.4
Starz Animation	—			—
Inter-segment eliminations	—			—
Total cash paid for investment in films and television programs	$	79.5		$	53.6
	March 31, 2014			December 31, 2013
Total assets:
Starz Networks	$	1,335.0		$	1,197.7
Starz Distribution	188.5			188.8
Starz Animation	3.4			2.8
Other unallocated assets (primarily cash, deferred taxes and other assets, including a commercial lease with subsidiary of Liberty Media)	77.6			99.2
Inter-segment eliminations	(44.6		)	(38.5		)
Total assets	$	1,559.9		$	1,450.0

Note 9 – Supplemental Guarantor Condensed Consolidating Financial Information

As discussed in Note 2, Starz, LLC and Starz Finance Corp. co-issued the Senior Notes which are fully and unconditionally guaranteed by Starz Entertainment. Starz Media, Film Roman and other immaterial subsidiaries of Starz, LLC (“Starz Media and Other Businesses”) are not guarantors of the Senior Notes.

14

Starz, LLC and Subsidiaries

Notes to Condensed Consolidated Financial Statements (Unaudited)

March 31, 2014

The following tables set forth the consolidating financial information of Starz, LLC, which includes the financial information of Starz Entertainment, the guarantor:

Consolidating Balance Sheet Information – As of March 31, 2014
(in millions)
	Starz Entertainment, LLC (Guarantor)						Starz Media and Other Businesses (Non-Guarantors)
				Starz, LLC Parent Only (Co-Issuer)						Eliminations			Consolidated Starz, LLC
Assets
Current assets:
Cash and cash equivalents	$	12.2		$	0.4		$	5.3		$	—		$	17.9
Restricted cash	—			—			32.7			—			32.7
Trade accounts receivable, net	211.3			—			48.7			(0.1		)	259.9
Program rights, net	370.6			—			—			(1.3		)	369.3
Deferred income taxes	0.2			0.3			—			—			0.5
Notes receivable from affiliates	25.3			—			—			(25.3		)	—
Other current assets	29.8			0.9			14.5			—			45.2
Total current assets	649.4			1.6			101.2			(26.7		)	725.5
Program rights	367.7			—			—			(5.8		)	361.9
Investment in films and television programs, net	116.1			—			71.2			—			187.3
Property and equipment, net	49.1			43.0			0.6			—			92.7
Deferred income taxes	—			20.6			—			—			20.6
Goodwill	131.8			—			—			—			131.8
Other assets, net	20.9			12.1			19.2			(12.1		)	40.1
Investment in consolidated subsidiaries	—			1,559.3			—			(1,559.3		)	—
Total assets	$	1,335.0		$	1,636.6		$	192.2		$	(1,603.9	)	$	1,559.9
Liabilities and Member’s Interest (Deficit) and Noncontrolling Interests
Current liabilities:
Current portion of debt	$	4.5		$	0.5		$	—		$	—		$	5.0
Trade accounts payable	5.5			—			2.3			—			7.8
Accrued liabilities	207.7			15.1			155.4			(2.4		)	375.8
Notes payable due to affiliate	—			—			25.3			(25.3		)	—
Due to (from) affiliates	(528.2		)	526.3			1.9			—			—
Deferred revenue	0.6			—			21.5			—			22.1
Total current liabilities	(309.9		)	541.9			206.4			(27.7		)	410.7
Debt	1,029.5			1,048.0			—			(1,004.4		)	1,073.1
Deferred income taxes	10.0			(16.6		)	—			6.6			—
Other liabilities	9.7			—			8.4			(5.3		)	12.8
Total liabilities	739.3			1,573.3			214.8			(1,030.8		)	1,496.6
Member’s interest (deficit)	595.7			68.6			(22.5		)	(573.2		)	68.6
Noncontrolling interests in subsidiaries	—			(5.3		)	(0.1		)	0.1			(5.3		)
Total member’s interest (deficit) and noncontrolling interests	595.7			63.3			(22.6		)	(573.1		)	63.3
Total liabilities and member’s interest (deficit) and noncontrolling interests	$	1,335.0		$	1,636.6		$	192.2		$	(1,603.9	)	$	1,559.9

15

Starz, LLC and Subsidiaries

Notes to Condensed Consolidated Financial Statements (Unaudited)

March 31, 2014

Consolidating Balance Sheet Information – As of December 31, 2013
(in millions)
	Starz Entertainment, LLC (Guarantor)						Starz Media and Other Businesses (Non-Guarantors)
				Starz, LLC Parent Only (Co-Issuer)						Eliminations			Consolidated Starz, LLC
Assets
Current assets:
Cash and cash equivalents	$	20.8		$	0.4		$	4.5		$	—		$	25.7
Restricted cash	—			—			30.1			—			30.1
Trade accounts receivable, net	208.1			—			39.8			(0.8		)	247.1
Program rights, net	273.3			—			—			(1.5		)	271.8
Deferred income taxes	0.2			0.3			—			—			0.5
Notes receivable from affiliates	17.7			—			—			(17.7		)	—
Other current assets	24.0			23.8			16.0			—			63.8
Total current assets	544.1			24.5			90.4			(20.0		)	639.0
Program rights	338.9			—			—			(5.7		)	333.2
Investment in films and television programs, net	114.3			—			80.3			—			194.6
Property and equipment, net	51.6			43.3			0.8			—			95.7
Deferred income taxes	—			18.5			—			—			18.5
Goodwill	131.8			—			—			—			131.8
Other assets, net	17.0			12.9			20.2			(12.9		)	37.2
Investment in consolidated subsidiaries	—			1,471.6			—			(1,471.6		)	—
Total assets	$	1,197.7		$	1,570.8		$	191.7		$	(1,510.2	)	$	1,450.0
Liabilities and Member’s Interest (Deficit) and Noncontrolling Interests
Current liabilities:
Current portion of debt	$	4.4		$	0.5		$	—		$	—		$	4.9
Trade accounts payable	6.1			—			1.2			—			7.3
Accrued liabilities	113.6			19.2			176.5			(11.5		)	297.8
Notes payable due to affiliate	—			—			17.7			(17.7		)	—
Due to (from) affiliates	(491.3		)	490.1			1.2			—			—
Deferred revenue	0.6			—			16.0			—			16.6
Total current liabilities	(366.6		)	509.8			212.6			(29.2		)	326.6
Debt	1,010.8			1,028.3			—			(984.6		)	1,054.5
Deferred income taxes	14.9			(22.0		)	—			7.1			—
Other liabilities	11.0			—			8.6			(5.4		)	14.2
Total liabilities	670.1			1,516.1			221.2			(1,012.1		)	1,395.3
Member’s interest (deficit)	527.6			61.9			(29.4		)	(498.2		)	61.9
Noncontrolling interests in subsidiaries	—			(7.2		)	(0.1		)	0.1			(7.2		)
Total member’s interest (deficit) and noncontrolling interests	527.6			54.7			(29.5		)	(498.1		)	54.7
Total liabilities and member’s interest (deficit) and noncontrolling interests	$	1,197.7		$	1,570.8		$	191.7		$	(1,510.2	)	$	1,450.0

16

Starz, LLC and Subsidiaries

Notes to Condensed Consolidated Financial Statements (Unaudited)

March 31, 2014

Consolidating Statement of Operations Information – For the Three Months Ended March 31, 2014
(in millions)
	Starz Entertainment, LLC (Guarantor)						Starz Media and Other Businesses (Non-Guarantors)
				Starz, LLC Parent Only (Co-Issuer)						Eliminations			Consolidated Starz, LLC
Revenue:
Programming networks and other services	$	334.5		$	—		$	31.1		$	(2.3	)	$	363.3
Home video net sales	3.9			—			53.6			(0.8		)	56.7
Total revenue	338.4			—			84.7			(3.1		)	420.0
Costs and expenses:
Programming (including amortization)	156.6			—			—			(0.4		)	156.2
Production and acquisition (including amortization)	5.9			—			35.0			—			40.9
Home video cost of sales	2.7			—			11.1			(0.8		)	13.0
Operating	6.5			—			9.6			(2.1		)	14.0
Selling, general and administrative	49.7			1.3			18.7			—			69.7
Stock compensation	6.8			0.4			0.6			—			7.8
Depreciation and amortization	3.8			0.3			0.8			—			4.9
Total costs and expenses	232.0			2.0			75.8			(3.3		)	306.5
Operating income (loss)	106.4			(2.0		)	8.9			0.2			113.5
Other income (expense):
Interest expense, net of amounts capitalized	(10.8		)	(11.9		)	—			11.2			(11.5		)
Interest income (expense), related party	0.2			—			(0.2		)	—			—
Other income (expense), net	0.4			—			0.1			—			0.5
Income (loss) before income taxes and share of earnings of consolidated subsidiaries	96.2			(13.9		)	8.8			11.4			102.5
Income tax benefit (expense)	(33.1		)	3.2			(1.8		)	(4.0		)	(35.7		)
Share of earnings of consolidated subsidiaries, net of taxes	—			77.5			—			(77.5		)	—
Net income	63.1			66.8			7.0			(70.1		)	66.8
Net income attributable to noncontrolling interests	—			(1.9		)	—			—			(1.9		)
Net income attributable to member	$	63.1		$	64.9		$	7.0		$	(70.1	)	$	64.9

17

Starz, LLC and Subsidiaries

Notes to Condensed Consolidated Financial Statements (Unaudited)

March 31, 2014

Consolidating Statement of Comprehensive Income Information – For the Three Months Ended March 31, 2014
(in millions)
	Starz Entertainment, LLC (Guarantor)					Starz Media and Other Businesses (Non-Guarantors)
			Starz, LLC Parent Only (Co-Issuer)						Eliminations			Consolidated Starz, LLC
Net income	$	63.1	$	66.8		$	7.0		$	(70.1	)	$	66.8
Other comprehensive loss, net of taxes -
Foreign currency translation adjustments	—		(0.2		)	(0.2		)	0.2			(0.2		)
Comprehensive income	63.1		66.6			6.8			(69.9		)	66.6
Comprehensive income attributable to noncontrolling interests	—		(1.9		)	—			—			(1.9		)
Comprehensive income attributable to member	$	63.1	$	64.7		$	6.8		$	(69.9	)	$	64.7

18

Starz, LLC and Subsidiaries

Notes to Condensed Consolidated Financial Statements (Unaudited)

March 31, 2014

Consolidating Statement of Operations Information – For the Three Months Ended March 31, 2013
(in millions)
	Starz Entertainment, LLC (Guarantor)						Starz Media and Other Businesses (Non-Guarantors)
				Starz, LLC Parent Only (Co-Issuer)						Eliminations			Consolidated Starz, LLC
Revenue:
Programming networks and other services	$	324.1		$	—		$	27.3		$	(1.9	)	$	349.5
Home video net sales	5.9			—			45.1			(1.2		)	49.8
Total revenue	330.0			—			72.4			(3.1		)	399.3
Costs and expenses:
Programming (including amortization)	146.3			—			—			(0.3		)	146.0
Production and acquisition (including amortization)	6.4			—			33.4			—			39.8
Home video cost of sales	3.8			—			12.5			(1.2		)	15.1
Operating	5.8			—			8.5			(1.6		)	12.7
Selling, general and administrative	52.8			1.3			15.1			—			69.2
Stock compensation	6.3			0.6			0.4			—			7.3
Depreciation and amortization	3.3			0.3			0.8			—			4.4
Total costs and expenses	224.7			2.2			70.7			(3.1		)	294.5
Operating income (loss)	105.3			(2.2		)	1.7			—			104.8
Other income (expense):
Interest expense, net of amounts capitalized	(9.6		)	(10.9		)	—			10.3			(10.2		)
Interest income (expense), related party	0.5			—			(0.5		)	—			—
Other income (expense), net	(1.7		)	—			(1.3		)	1.5			(1.5		)
Income (loss) before income taxes and share of earnings of consolidated subsidiaries	94.5			(13.1		)	(0.1		)	11.8			93.1
Income tax benefit (expense)	(34.4		)	4.4			(0.5		)	(4.4		)	(34.9		)
Share of earnings of consolidated subsidiaries, net of taxes	—			66.9			—			(66.9		)	—
Net income (loss)	60.1			58.2			(0.6		)	(59.5		)	58.2
Net income attributable to noncontrolling interests	—			(0.3		)	—			—			(0.3		)
Net income (loss) attributable to member	$	60.1		$	57.9		$	(0.6	)	$	(59.5	)	$	57.9

19

Starz, LLC and Subsidiaries

Notes to Condensed Consolidated Financial Statements (Unaudited)

March 31, 2014

Consolidating Statement of Comprehensive Income (Loss) Information – For the Three Months Ended March 31, 2013
(in millions)
	Starz Entertainment, LLC (Guarantor)					Starz Media and Other Businesses (Non-Guarantors)
			Starz, LLC Parent Only (Co-Issuer)						Eliminations			Consolidated Starz, LLC
Net income (loss)	$	60.1	$	58.2		$	(0.6	)	$	(59.5	)	$	58.2
Other comprehensive income, net of taxes -
Foreign currency translation adjustments	—		0.1			—			—			0.1
Comprehensive income (loss)	60.1		58.3			(0.6		)	(59.5		)	58.3
Comprehensive income attributable to noncontrolling interests	—		(0.3		)	—			—			(0.3		)
Comprehensive income (loss) attributable to member	$	60.1	$	58.0		$	(0.6	)	$	(59.5	)	$	58.0

20

Starz, LLC and Subsidiaries

Notes to Condensed Consolidated Financial Statements (Unaudited)

March 31, 2014

Consolidating Statement of Cash Flows’ Information – For the Three Months Ended March 31, 2014
(in millions)
	Starz Entertainment, LLC (Guarantor)						Starz Media and Other Businesses (Non-Guarantors)
				Starz, LLC Parent Only (Co-Issuer)						Eliminations			Consolidated Starz, LLC
Operating activities:
Net income	$	63.1		$	66.8		$	7.0		$	(70.1	)	$	66.8
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Depreciation and amortization	3.8			0.3			0.8			—			4.9
Amortization of program rights	146.7			—			—			(0.4		)	146.3
Program rights payments	(113.5		)	—			—			0.9			(112.6		)
Amortization of investment in films and television programs	5.8			—			30.4			—			36.2
Investment in films and television programs	(57.0		)	—			(22.5		)	—			(79.5		)
Stock compensation	6.8			0.4			0.6			—			7.8
Share of earnings of consolidated subsidiaries	—			(77.5		)	—			77.5			—
Deferred income taxes	(4.9		)	3.3			—			(0.5		)	(2.1		)
Other non-cash items	0.7			0.6			0.2			(0.6		)	0.9
Changes in assets and liabilities:
Current and other assets	(13.9		)	23.0			(9.9		)	(0.7		)	(1.5		)
Due to / from affiliates	8.4			(9.1		)	0.7			—			—
Payables and other liabilities	1.6			(7.7		)	(13.7		)	(6.1		)	(25.9		)
Net cash provided by (used in) operating activities	47.6			0.1			(6.4		)	—			41.3
Investing activities – purchases of property and equipment	(1.3		)	—			—			—			(1.3		)
Financing activities:
Borrowings of debt	—			84.0			—			—			84.0
Payments of debt	(1.1		)	(64.1		)	—			—			(65.2		)
Borrowings under notes payable to affiliate	(25.2		)	—			25.2			—			—
Repayments under notes payable to affiliate	17.6			—			(17.6		)	—			—
Net advances to / from affiliate	(45.3		)	45.3			—			—			—
Contribution from parent related to exercise of stock options	—			0.7			—			—			0.7
Minimum withholding of taxes related to stock compensation	(5.3		)	—			(0.4		)	—			(5.7		)
Excess tax benefit from stock compensation	4.4			—			—			—			4.4
Distributions to parent for repurchase of common stock	—			(66.0		)	—			—			(66.0		)
Net cash provided by (used in) financing activities	(54.9		)	(0.1		)	7.2			—			(47.8		)
Net increase (decrease) in cash and cash equivalents	(8.6		)	—			0.8			—			(7.8		)
Cash and cash equivalents:
Beginning of period	20.8			0.4			4.5			—			25.7
End of period	$	12.2		$	0.4		$	5.3		$	—		$	17.9
Supplemental disclosure of cash flow information:
Cash paid for interest, net of amounts capitalized	$	(0.6	)	$	19.8		$	0.2		$	—		$	19.4
Cash paid for income taxes	$	2.3		$	—		$	0.3		$	—		$	2.6

21

Starz, LLC and Subsidiaries

Notes to Condensed Consolidated Financial Statements (Unaudited)

March 31, 2014

Consolidating Statement of Cash Flows’ Information – For the Three Months Ended March 31, 2013
(in millions)
	Starz Entertainment, LLC (Guarantor)						Starz Media and Other Businesses (Non-Guarantors)
				Starz, LLC Parent Only (Co-Issuer)						Eliminations			Consolidated Starz, LLC
Operating activities:
Net income (loss)	$	60.1		$	58.2		$	(0.6	)	$	(59.5	)	$	58.2
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
Depreciation and amortization	3.3			0.3			0.8			—			4.4
Amortization of program rights	135.9			—			—			(0.4		)	135.5
Program rights payments	(109.4		)	—			—			0.2			(109.2		)
Amortization of investment in films and television programs	5.8			—			21.6			—			27.4
Investment in films and television programs	(29.2		)	—			(24.4		)	—			(53.6		)
Stock compensation	6.3			0.6			0.4			—			7.3
Payments of long term incentive plan	(2.4		)	—			—			—			(2.4		)
Share of earnings of consolidated subsidiaries	—			(66.9		)	—			66.9			—
Deferred income taxes	17.9			(0.1		)	—			0.1			17.9
Other non-cash items	1.3			0.6			(3.9		)	(0.6		)	(2.6		)
Changes in assets and liabilities:
Current and other assets	(6.2		)	(0.6		)	(11.4		)	—			(18.2		)
Due to / from affiliates	(55.6		)	22.6			(6.5		)	—			(39.5		)
Payables and other liabilities	43.8			(10.5		)	14.9			(6.7		)	41.5
Net cash provided by (used in) operating activities	71.6			4.2			(9.1		)	—			66.7
Investing activities – purchases of property and equipment	(0.6		)	—			(0.1		)	—			(0.7		)
Financing activities:
Borrowings of debt	—			923.5			—			—			923.5
Payments of debt	(1.0		)	(515.1		)	—			—			(516.1		)
Debt issuance costs	—			(2.1		)	—			—			(2.1		)
Borrowings under notes payable to affiliate	(10.4		)	—			10.4			—			—
Repayments under notes payable to affiliate	8.8			—			(8.8		)	—			—
Net advances to / from affiliate	(191.9		)	191.9			—			—			—
Minimum withholding of taxes related to stock compensation	(0.7		)	—			—			—			(0.7		)
Excess tax benefit from stock compensation	0.4			—			—			—			0.4
Distributions to parent for repurchase of common stock	—			(2.9		)	—			—			(2.9		)
Distributions to parent	(600.0		)	600.0			—			—			—
Distributions to Old LMC	—			(1,200.0		)	—			—			(1,200.0		)
Net cash provided by (used in) financing activities	(794.8		)	(4.7		)	1.6			—			(797.9		)
Net decrease in cash and cash equivalents	(723.8		)	(0.5		)	(7.6		)	—			(731.9		)
Cash and cash equivalents:
Beginning of period	735.5			0.9			13.4			—			749.8
End of period	$	11.7		$	0.4		$	5.8		$	—		$	17.9
Supplemental disclosure of cash flow information:
Cash paid for interest, net of amounts capitalized	$	(1.3	)	$	19.8		$	0.6		$	—		$	19.1
Cash paid for income taxes	$	15.8		$	0.9		$	(0.2	)	$	—		$	16.5
Distribution of corporate office building to Old LMC	$	45.7		$	—		$	—		$	—		$	45.7
Capital lease related to commercial lease with a subsidiary of Liberty Media	$	—		$	44.8		$	—		$	—		$	44.8
Tax attributes related to LMC Spin-Off	$	—		$	11.6		$	—		$	—		$	11.6

22

Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations

This Quarterly Report on Form 10-Q includes statements that constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements included in this Quarterly Report on Form 10-Q other than statements of historical fact or current fact are forward-looking statements that address activities, events or developments that we or our management expect, believe or anticipate will or may occur in the future. These statements represent our reasonable judgment on the future based on various factors and using numerous assumptions and are subject to known and unknown risks, uncertainties and other factors, many of which are beyond our control and could cause our actual results and financial position to differ materially from those contemplated by the statements. You can identify these statements by the fact that they do not relate strictly to historical or current facts. They use words such as “anticipate,” “estimate,” “project,” “forecast,” “plan,” “may,” “will,” “should,” “could,” “expect,” or the negative thereof, or other words of similar meaning. In particular, these include, but are not limited to, statements of our current views and estimates of future economic circumstances, industry conditions in domestic and international markets, and our future performance and financial results. These forward-looking statements are subject to a number of factors and uncertainties that could cause our actual results to differ materially from the anticipated results and expectations expressed in such forward-looking statements.

Among the factors that may cause actual results and experiences to differ from the anticipated results and expectations expressed in such forward-looking statements are the following:

• changes in the nature of key strategic relationships with MVPDs and content providers and our ability to maintain and renew affiliation agreements with MVPDs and programming output agreements with content providers on terms acceptable to us;

• distributor demand for our products and services, including the impact of higher rates paid by our distributors to other programmers, and our ability to adapt to changes in demand;

• consumer demand for our products and services, including changes in demand resulting from participation in and effectiveness of cooperative marketing campaigns with our distributors, and our ability to adapt to changes in demand;

• competitor responses to our products and services;

• the continued investment in, the cost of and our ability to acquire or produce desirable original programming;

• the cost of and our ability to acquire desirable theatrical movie content;

• disruption in the production of theatrical films or television programs due to strikes by unions representing writers, directors or actors;

• changes in distribution and viewing of television programming, including the expanded deployment of personal video recorders, video on-demand, and IP television and their impact on media content consumption;

• consolidation of the broadband distribution and movie studio industries;

• uncertainties inherent in the development and deployment of new business strategies;

• uncertainties associated with the development of products and services and market acceptance, including the development and provision of programming for new television and telecommunications technologies;

• our future financial performance, including availability, terms and deployment of capital;

• the ability of our suppliers and vendors to deliver products, equipment, software and services;

• the outcome of any pending or threatened litigation;

• availability of qualified personnel and artistic talent;

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• the regulatory and competitive environment of the industry in which we operate;

• changes in, or failure or inability to comply with, government regulations, including, without limitation, regulations of the Federal Communications Commission, and/or adverse outcomes from regulatory proceedings;

• changes in tax requirements, including tax rate changes, new tax laws and revised tax law interpretations;

• general economic and business conditions and industry trends;

• consumer spending levels;

• rapid technological changes;

• our ability to distribute content internationally;

• fluctuation in foreign currency exchange rates; and

• threatened terrorist attacks or political unrest in domestic and international markets.

For a description of our risk factors, please see Part I, Item 1A. of our Annual Report on Form 10-K for the year ended December 31, 2013.

All forward-looking statements contained in this Quarterly Report on Form 10-Q are qualified in their entirety by this cautionary statement. We caution readers not to place undue reliance on any forward-looking statements, which speak only as of the date made. We undertake no obligation to publicly update any forward-looking statements whether as a result of new information, future events or otherwise.

The following discussion and analysis provides information concerning our results of operations and financial condition. This discussion should be read in conjunction with our accompanying condensed consolidated financial statements and the notes thereto and our Annual Report on Form 10-K for the year ended December 31, 2013.

OVERVIEW

Starz, LLC is a leading integrated global media and entertainment company. We provide premium subscription video programming to U.S. MVPDs, including cable operators, satellite television providers and telecommunications companies. We also develop, produce and acquire entertainment content and distribute this content to consumers in the U.S. and throughout the world. We are a wholly-owned subsidiary of Starz. Our business operations are conducted by our wholly-owned subsidiaries Starz Entertainment, Film Roman and certain other immaterial subsidiaries, and our majority-owned (75%) subsidiary Starz Media, which is owned 25% by Weinstein.

In January 2013, the LMC Spin-Off was completed.Unless the context otherwise requires, Old LMC is used to refer to Starz, LLC’s parent company when events or circumstances being described occurred prior to the LMC Spin-Off and Starz is used to refer to Starz, LLC’s parent company when events or circumstances being described occurred following the LMC Spin-Off.

We manage our operations through our Starz Networks, Starz Distribution and Starz Animation operating segments. Our integrated operating segments enable us to maintain control, and maximize the profitability of our original programming content and its marketing and distribution in the home video, digital (Internet) and television ancillary markets both domestically and internationally, and we are not reliant on other parties to distribute content on our behalf. Our expanding original programming line-up also provides downstream revenue opportunities for our Starz Distribution operating segment to the extent we retain rights to exploit such programming in these ancillary markets both in the U.S. and around the world.

Our reportable segments are strategic business units that offer different services. They are managed separately because each segment requires different technologies, content delivery methods and marketing strategies. We identify our reportable segments as those operating segments that represent 10% or more of our consolidated annual revenue, annual Adjusted OIBDA or total assets. Starz Networks and Starz Distribution have been identified as reportable segments; however, as we have three operating segments, Starz Animation is also reported separately.

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RESULTS OF OPERATIONS - THREE MONTHS ENDEDMARCH 31, 2014 AND 2013

Our operating results are as follows (dollars in millions):

	Three Months Ended March 31,						$ Change			% Change
	2014			2013			‘14 vs ‘13			‘14 vs ‘13
Revenue:
Programming networks and other services	$	363.3		$	349.5		$	13.8		4	%
Home video net sales	56.7			49.8			6.9			14	%
Total revenue	420.0			399.3			20.7			5	%
Costs and expenses:
Programming (including amortization)	156.2			146.0			10.2			7	%
Production and acquisition (including amortization)	40.9			39.8			1.1			3	%
Home video cost of sales	13.0			15.1			(2.1		)	(14	)%
Operating	14.0			12.7			1.3			10	%
Selling, general and administrative	69.7			69.2			0.5			1	%
Stock compensation	7.8			7.3			0.5			7	%
Depreciation and amortization	4.9			4.4			0.5			11	%
Total costs and expenses	306.5			294.5			12.0			4	%
Operating income	113.5			104.8			8.7			8	%
Other income (expense):
Interest expense, net of amounts capitalized	(11.5		)	(10.2		)	(1.3		)	13	%
Other income (expense), net	0.5			(1.5		)	2.0			133	%
Income before income taxes	102.5			93.1			9.4			10	%
Income tax expense	(35.7		)	(34.9		)	(0.8		)	2	%
Net income	$	66.8		$	58.2		$	8.6		15	%

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The table below sets forth, for the periods presented, certain historical financial information for our reportable segments (dollars in millions):

	Three Months Ended March 31,						$ Change			% Change
	2014			2013			‘14 vs ‘13			‘14 vs ‘13
Revenue
Starz Networks	$	324.0		$	315.8		$	8.2		3	%
Starz Distribution	87.3			76.2			11.1			15	%
Starz Animation	8.9			7.5			1.4			19	%
Inter-segment eliminations	(0.2		)	(0.2		)	—			—	%
Total Revenue	$	420.0		$	399.3		$	20.7		5	%
Adjusted OIBDA (1)
Starz Networks	$	114.0		$	114.4		$	(0.4	)	—	%
Starz Distribution	12.7			2.6			10.1			388	%
Starz Animation	(0.6		)	(0.6		)	—			—	%
Inter-segment eliminations	0.1			0.1			—			—	%
Total Adjusted OIBDA	$	126.2		$	116.5		$	9.7		8.3	%

___________________

(1)    See Note 8 to the unaudited condensed consolidated financial statements included in this Form 10-Q for a discussion of Adjusted OIBDA, which also includes a reconciliation of Adjusted OIBDA to the GAAP measure income before income taxes. We evaluate performance and make decisions about allocating resources to our operating segments based on financial measures such as Adjusted OIBDA. The primary material limitations associated with the use of Adjusted OIBDA as compared to GAAP results are (i) it may not be comparable to similarly titled measures used by other companies in our industry, and (ii) it excludes financial information that some may consider important in evaluating our performance. We compensate for these limitations by providing a reconciliation of Adjusted OIBDA to GAAP results to enable investors to perform their own analysis of our operating results.

COMPARISON OF THREE MONTHS ENDEDMARCH 31, 2014 TO THREE MONTHS ENDEDMARCH 31, 2013

Revenue

Our consolidated revenue increased$20.7 million or 5% for the three months endedMarch 31, 2014 as compared to the corresponding prior year period. Revenue increased as a result of increases in revenue for each of our operating segments. Starz Networks’ revenue represented 77% and 79% of our total revenue for the three months endedMarch 31, 2014 and 2013, respectively.

The Starz and Encore networks are the primary drivers of Starz Networks’ revenue. Our networks are distributed pursuant to affiliation agreements with MVPDs. We earn revenue under these agreements based solely on the total number of subscribers who receive our Starz and Encore networks multiplied by rates specified in the agreements (i.e., consignment), or amounts or rates which are not tied solely to the total number of subscribers who receive our Starz and Encore networks (i.e., non-consignment). The agreements generally provide for annual contractual rate increases of a fixed percentage or a fixed amount, or rate increases tied to annual increases in the consumer price index.

The table below sets forth, for the periods presented, subscriptions to our Starz and Encore networks (subscriptions in millions):

	As of March 31,		# Change		% Change
Period End Subscriptions:	2014	2013	‘14 vs ‘13		‘14 vs ‘13
Starz	21.9	21.6	0.3		1	%
Encore	34.4	35.1	(0.7	)	(2	)%
Total	56.3	56.7	(0.4	)	(1	)%

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Revenue from Starz Networks increased$8.2 million or 3% for the three months endedMarch 31, 2014 as compared to the corresponding prior year period. The increase in revenue is a result of a $15.2 million increase due to higher effective rates, partially offset by a $7.0 million decrease due to lower subscriptions. Subscriptions were negatively impacted at certain distributors by retail price increases, tighter credit policies, reduced promotional activity and/or programming package changes.

Revenue from Starz Distribution increased$11.1 million or 15% for the three months endedMarch 31, 2014 as compared to the corresponding prior year period. This increase is primarily due to revenue from the distribution of films for Weinstein. New releases from Weinstein during the three months ended March 31, 2014 included The Butler, Fruitvale Station and Mandela: Long Walk to Freedom.

Revenue from Starz Animation increased$1.4 million or 19% for the three months endedMarch 31, 2014 as compared to the corresponding prior year period due to the timing of production activity at our Film Roman studio.

Programming

Programming costs are our largest expense. Programming costs increased$10.2 million or 7% for the three months endedMarch 31, 2014 as compared to the corresponding prior year period. Programming costs vary due to the number of airings and cost of our original productions, the number of films licensed and the cost per film paid under our output and library programming agreements. The increase in programming costs is primarily due to increased exhibitions of our original programming as our portfolio of original programming has increased, including the premiere of two original series (Black Sails and Da Vinci’s Demons Season 2) during the first quarter of 2014 compared to the premiere of one original series during the first quarter of 2013 (Spartacus: War of the Damned).

We expect programming costs related to original programming to increase in the future as we continue to invest in original content. In 2013, we began to see the impact of a lower cost per film that we pay under our output agreements with Sony and Disney. This lower cost per film was the result of favorable negotiations during recent output agreement renewals. The most significant portion of the savings takes place in the 2014 through 2017 timeframe at which time the first window license period under our Disney output agreement ends. We plan to utilize these savings to cost effectively increase our original programming to 65 - 75 hours by 2016 or 2017 (from 36 hours in 2013) so that our subscribers will have the opportunity to see a new Starz original program or a new season of an existing Starz original throughout the year.

Production and Acquisition

Production and acquisition costs primarily include amortization of our investments in films and television programs and participation costs. The portion of costs attributed to the pay television window for our original productions is included in programming costs. All remaining production and acquisition costs for original productions as well as our other films and television programs are amortized to production and acquisition costs based on the proportion that current revenue bears to an estimate of ultimate revenue for each film or television program. The amount of production and acquisition costs that we will incur for original productions is impacted by both the number of and cost of original productions and the various distribution rights that we acquire or retain for these productions. Participation costs represent amounts paid or due to participants under agreements we have whereby Starz Distribution distributes content in which a participant (e.g., Weinstein, producers or writers of our original programming, etc.) has an ownership interest.

Production and acquisition costs increased$1.1 million or 3% for the three months endedMarch 31, 2014 as compared to the corresponding prior year period. The increase is primarily due to higher Starz Distribution revenue associated with the films distributed for Weinstein (which resulted in higher participation costs).

Home Video Cost of Sales

Home video cost of sales decreased$2.1 million or 14% for the three months endedMarch 31, 2014 as compared to the corresponding prior year period. Home video cost of sales represented 23% and 30% of home video net sales for the three months endedMarch 31, 2014 and 2013, respectively. Such decrease in costs as a percentage of sales is due to higher revenue from Weinstein titles. Under our agreement with Weinstein, DVD replication and packaging costs are paid for by Weinstein.

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Operating

Operating expenses increased$1.3 million or 10% for the three months endedMarch 31, 2014 as compared to the corresponding prior year period. The increase was primarily due to the increase in the timing of activity at our Film Roman studio.

Selling, General and Administrative

Selling, general and administrative expenses increased$0.5 million or 1% for the three months endedMarch 31, 2014 as compared to the corresponding prior year period. The increase was primarily due to increased advertising and marketing costs for both Starz Networks and Starz Distribution, partially offset by a decrease in litigation related legal costs at Starz Networks. The increase in advertising and marketing costs for Starz Networks was due to increased spend related to our original programming line-up, which included two original series premiering in the first quarter of 2014 as compared to one original series premiering in the first quarter of 2013, partially offset by a decrease in distributor marketing support. The increase in advertising and marketing costs for Starz Distribution was primarily related to increased spend on films distributed for Weinstein.

Adjusted OIBDA

Adjusted OIBDA increased$9.7 million or 8% for the three months endedMarch 31, 2014 as compared to the corresponding prior year period. Adjusted OIBDA for Starz Networks decreased $0.4 million primarily as a result of higher programming costs and advertising and marketing costs due to two original series premiering in the first quarter of 2014 as compared to one original series premiering in the first quarter of 2013, which were partially offset by a decrease in litigation related legal costs. Adjusted OIBDA for Starz Distribution increased $10.1 million primarily due to the distribution of films for Weinstein.

Stock Compensation

Stock compensation increased$0.5 million or 7% for the three months endedMarch 31, 2014 as compared to the corresponding prior year period as a result of two grants of equity awards during 2013, one during March 2013 and one during December 2013, partially offset by the vesting of certain of our stock options and restricted shares in the fourth quarter of 2013.

Interest Expense

Interest expense increased$1.3 million or 13% for the three months endedMarch 31, 2014 as compared to the corresponding prior year period due to $18.8 million of additional net borrowings in 2014, offset by amounts capitalized.

Other Income (Expense), Net

We recorded other income, net of $0.5 million for the three months endedMarch 31, 2014 as compared to other expense, net of $1.5 million for the three months endedMarch 31, 2013. The income for the three months endedMarch 31, 2014 is primarily comprised of gains on foreign currency hedging transactions and foreign currency exchange gains. The expense for the three months endedMarch 31, 2013 is primarily comprised of additional expense that we recorded in connection with our guarantee of the Canadian Next Generation of Jobs Fund Grant, which was released in December 2013.

Income Taxes

We had income before income taxes of $102.5 million and $93.1 million and income tax expense of $35.7 million and $34.9 million for the three months endedMarch 31, 2014 and 2013, respectively. Our effective tax rate was 34.8% and 37.5% for the three months endedMarch 31, 2014 and 2013, respectively. Our effective tax rate differs from the U.S. federal income tax rate of 35% for the three months endedMarch 31, 2014 primarily due to Internal Revenue Code Section 199, which allows U.S. taxpayers a deduction for qualified domestic production activities.  In addition, our effective tax rate differs due to state and local taxes for both the three months endedMarch 31, 2014 and 2013.

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MATERIAL CHANGES IN FINANCIAL CONDITION

As of March 31, 2014, our cash and cash equivalents totaled $17.9 million. Our cash and cash equivalents are, from time to time, invested in U.S. Treasury securities, other government securities or government guaranteed funds, AAA rated money market funds and other highly rated commercial paper.

We generated cash from operating activities of $41.3 million and $66.7 million for the three months endedMarch 31, 2014 and 2013, respectively. Our primary uses of cash are for payments under our programming output and library agreements and production and acquisition costs for our original programming, home video and other content (i.e., investment in films and television programs), which are included as a reduction of net cash provided by operating activities. Cash paid under our programming output and library agreements totaled $112.6 million and $109.2 million for the three months endedMarch 31, 2014 and 2013, respectively, and increased primarily due to a higher number of first-run films in 2014 as compared to 2013. Cash paid for original programming, home video and other content totaled $79.5 million and $53.6 million for the three months endedMarch 31, 2014 and 2013, respectively, and increased primarily due to the increase in the volume of our original series. We plan to continue to increase our investments in original programming in future periods.

The timing of our tax payments positively impacted net cash provided by operating activities in 2014 due to the Internal Revenue Code Section 199 deduction which we qualified for in the fourth quarter of 2013, resulting in tax payments during the three months endedMarch 31, 2014 of $2.6 million as compared to $16.5 million during the three months endedMarch 31, 2013.

In connection with the LMC Spin-Off, Starz, LLC distributed $1.2 billion in cash to Old LMC in January 2013 funded by a combination of cash on hand and $550.0 million in borrowings under our Revolving Credit Facility. During the three months ended March 31, 2014, we had net borrowings of $18.8 million.

Additionally, we used $66.0 million of cash for Starz to buy back common stock, including fees, under its share repurchase program for the three months endedMarch 31, 2014 as compared to $2.9 million for the three months endedMarch 31, 2013. Starz has $444.4 million available under its share repurchase program as of March 31, 2014.

We are continually projecting our anticipated cash requirements for our operating, investing and financing needs as well as net cash provided by operating activities available to meet these needs. Our potential sources of liquidity are net cash provided by operating activities and borrowings under our Revolving Credit Facility and we expect that we will be able to utilize these sources to fund our cash commitments for investing and financing activities, which include debt repayments, buybacks of common stock and capital expenditures during 2014. Based upon our current operating plans, we believe that our net cash provided by operating activities and borrowings under our Revolving Credit Facility through its expiration on November 16, 2016 and borrowings under a replacement credit facility of other financing sources thereafter will be sufficient to fund our cash commitments for investing and financing activities, such as our capital expenditures and long term debt obligations from 2015 through 2018. As of March 31, 2014, we had $673.5 million of borrowing capacity available under our Revolving Credit Facility.

Item 3. Quantitative and Qualitative Disclosures About Market Risk

We are exposed to market risk in the normal course of business due to our ongoing financial and operating activities. Market risk refers to the risk of loss arising from adverse changes in stock prices and interest rates. The risk of loss can be assessed from the perspective of adverse changes in fair values, cash flows and future earnings.

We are exposed to changes in interest rates as a result of borrowings used to maintain our liquidity and fund our operations. The nature and amount of our long-term and short-term debt are expected to vary as a result of future requirements, market conditions and other factors. We manage our exposure to interest rates by maintaining what we believe is an appropriate mix of fixed and variable rate debt and by entering into interest rate swap and collar arrangements when we deem appropriate.

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As of March 31, 2014, our debt is comprised of the following amounts (in millions):

Variable rate debt		Fixed rate debt
Principal amount	Weighted avg. interest rate	Principal amount	Weighted avg. interest rate
$326.5	1.93%	$751.6	5.14%

As shown above, the majority of our outstanding debt at March 31, 2014 was fixed rate debt. We have borrowing capacity at March 31, 2014 of $673.5 million under our Revolving Credit Facility at variable rates.

At March 31, 2014, the fair value of the Senior Notes was $699.8 million. We believe the fair value of the Revolving Credit Facility approximates its carrying value as of March 31, 2014 due to its variable rate nature and our stable credit spread.

We are exposed to foreign exchange rate risk on certain of our original productions that are produced in foreign countries. We mitigate this foreign exchange rate risk by entering into forward contracts and other types of derivative instruments as deemed appropriate. As of March 31, 2014, the fair market value of our outstanding derivative instruments related to foreign currencies was insignificant. We are also exposed to foreign exchange rate risk on our foreign operations; however, this risk is not deemed significant to our overall business.

Item 4. Controls and Procedures

Disclosure Controls and Procedures

In accordance with Rules 13a-15 and 15d-15 under the Securities Exchange Act of 1934, as amended (the “Exchange Act”), we carried out an evaluation, under the supervision and with the participation of management, including our chief executive officer and our principal financial and accounting officer (the “Executives”), of the effectiveness of our disclosure controls and procedures as of the end of the period covered by this report. Based on that evaluation, the Executives concluded that our disclosure controls and procedures were effective as of March 31, 2014 to provide reasonable assurance that information required to be disclosed in our reports filed or submitted under the Exchange Act are recorded, processed, summarized and reported within the time periods specified in the Securities and Exchange Commission’s rules and forms.

During the three months ended March 31, 2014, we implemented a new enterprise resource planning software system. The new system and related changes to processes have changed our internal control over financial reporting. We have taken the necessary steps to test the operating effectiveness of all key controls in the new system and maintained appropriate internal control over financial reporting during the three months ended March 31, 2014. Other than the system implementation discussed above, there have been no changes in our internal control over financial reporting that occurred during the three months ended March 31, 2014 that have materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.

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PART II

Item 1. Legal Proceedings

In the normal course of business, we are subject to lawsuits and other claims. While it is not possible to predict the outcome of these matters, it is the opinion of management, based upon consultation with legal counsel, that the ultimate disposition of known proceedings will not have a material adverse impact on our consolidated financial position, results of operations or liquidity.

Item 6. Exhibits

Listed below are the exhibits which are filed as part of this Report (according to the number assigned to them in Item 601 of Regulation S-K).

Exhibit No.		Description of Exhibit
31.1	Rule 13a-14(a)/15(d)-14(a) Certification*
31.2	Rule 13a-14(a)/15(d)-14(a) Certification*
32.1	Section 1350 Certifications*
101.INS	XBRL Instance Document**
101.SCH	XBRL Taxonomy Extension Schema Document**
101.CAL	XBRL Taxonomy Calculation Linkbase Document**
101.LAB	XBRL Taxonomy Label Linkbase Document**
101.PRE	XBRL Taxonomy Presentation Linkbase Document**
101.DEF	XBRL Taxonomy Definition Document**

______________________

* Filed herewith.

** Furnished herewith.

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Signatures

Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

	Starz, LLC
	By:	/s/ Christopher P. Albrecht
Date: April 30, 2014		Name:	Christopher P. Albrecht
		Title:	Chief Executive Officer

Pursuant to the requirements of the Securities Exchange Act of 1934, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the date indicated.

Signature		Title	Date
/s/ Christopher P. Albrecht
Christopher P. Albrecht		Chief Executive Officer (Principal Executive Officer)	April 30, 2014
/s/ Scott D. Macdonald
Scott D. Macdonald		Chief Financial Officer, Executive Vice President and Treasurer (Principal Financial Officer and Principal Accounting Officer)	April 30, 2014
Starz		Sole Member-Manager of the Registrant	April 30, 2014
By:	/s/ J. Steven Beabout
	J. Steven Beabout	Executive Vice President, General Counsel and Secretary

32

Exhibit List

Exhibits. Listed below are the exhibits which are filed as a part of this Report (according to the number assigned to them in Item 601 of Regulation S-K):

Exhibit No.		Description of Exhibit
31.1	Rule 13a-14(a)/15(d)-14(a) Certification*
31.2	Rule 13a-14(a)/15(d)-14(a) Certification*
32.1	Section 1350 Certifications*
101.INS	XBRL Instance Document**
101.SCH	XBRL Taxonomy Extension Schema Document**
101.CAL	XBRL Taxonomy Calculation Linkbase Document**
101.LAB	XBRL Taxonomy Label Linkbase Document**
101.PRE	XBRL Taxonomy Presentation Linkbase Document**
101.DEF	XBRL Taxonomy Definition Document**

_____________________

* Filed herewith.

** Furnished herewith.

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EX-31.1

EXHIBIT 31.1

CERTIFICATION

I, Christopher P. Albrecht, certify that:

1. I have reviewed this quarterly report on Form 10-Q of Starz, LLC;

2. Based on my knowledge, this quarterly report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this quarterly report;

3. Based on my knowledge, the financial statements, and other financial information included in this quarterly report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this quarterly report;

4. The registrant's other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

a) designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this quarterly report is being prepared;

b) designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

c) evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this quarterly report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this quarterly report based on such evaluation; and

d) disclosed in this quarterly report any change in the registrant's internal control over financial reporting that occurred during the registrant's most recent fiscal quarter (the registrant's fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and

5. The registrant's other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions):

a) all significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize and report financial information; and

b) any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.

Date: April 30, 2014

/s/ Christopher P. Albrecht

Christopher P. Albrecht

Chief Executive Officer

EX-31.2

EXHIBIT 31.2

CERTIFICATION

I, Scott D. Macdonald, certify that:

1. I have reviewed this quarterly report on Form 10-Q of Starz, LLC;

2. Based on my knowledge, this quarterly report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this quarterly report;

3. Based on my knowledge, the financial statements, and other financial information included in this quarterly report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this quarterly report;

4. The registrant's other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

a) designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this quarterly report is being prepared;

b) designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

c) evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this quarterly report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this quarterly report based on such evaluation; and

d) disclosed in this quarterly report any change in the registrant's internal control over financial reporting that occurred during the registrant's most recent fiscal quarter (the registrant's fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and

5. The registrant's other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions):

a) all significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize and report financial information; and

b) any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.

Date: April 30, 2014

/s/ Scott D. Macdonald

Scott D. Macdonald

Chief Financial Officer, Executive Vice President and Treasurer

EX-32..1

Exhibit 32.1

Certification

Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002

(Subsections (a) and (b) of Section 1350, Chapter 63 of Title 18, United States Code)

Pursuant to section 906 of the Sarbanes-Oxley Act of 2002 (subsections (a) and (b) of section 1350, chapter 63 of title 18, United States Code), each of the undersigned officers of Starz, LLC, a Delaware limited liability company (the "Company"), does hereby certify, to such officer's knowledge, that:

The Quarterly Report on Form 10-Q for the period ended March 31, 2014 (the "Form 10-Q") of the Company fully complies with the requirements of section 13(a) or 15(d) of the Securities Exchange Act of 1934 and information contained in the Form 10-Q fairly presents, in all material respects, the financial condition and results of operations of the Company.

	By:	/s/ Christopher P. Albrecht
Date: April 30, 2014		Name:	Christopher P. Albrecht
		Title:	Chief Executive Officer (Principal Executive Officer)
	By:	/s/ Scott D. Macdonald
Date: April 30, 2014		Name:	Scott D. Macdonald
		Title:	Chief Financial Officer, Executive Vice President and Treasurer (Principal Financial Officer and Principal Accounting Officer)

The foregoing certification is being furnished solely pursuant to section 906 of the Sarbanes-Oxley Act of 2002 (subsections (a) and (b) of section 1350, chapter 63 of title 18, United States Code) and is not being filed as part of the Form 10-Q or as a separate disclosure document.

XML

Information and Operating Segments - Performance Measures and Other Information (Details) (USD $) In Millions, unless otherwise specified	3 Months Ended
	Mar. 31, 2014	Mar. 31, 2013	Dec. 31, 2013
Segment Reporting Information [Line Items]
Total revenue	$ 420.0	$ 399.3
Total Adjusted OIBDA	126.2	116.5
Total capitalized production and development spend	79.5	53.6
Total assets	1,559.9		1,450.0
Starz Networks
Segment Reporting Information [Line Items]
Total revenue	324.0	315.8
Total Adjusted OIBDA	114.0	114.4
Total capitalized production and development spend	55.5	29.2
Total assets	1,335.0		1,197.7
Starz Distribution
Segment Reporting Information [Line Items]
Total revenue	87.3	76.2
Total Adjusted OIBDA	12.7	2.6
Total capitalized production and development spend	24.0	24.4
Total assets	188.5		188.8
Starz Animation
Segment Reporting Information [Line Items]
Total revenue	8.9	7.5
Total Adjusted OIBDA	(0.6)	(0.6)
Total capitalized production and development spend	0	0
Total assets	3.4		2.8
Other unallocated
Segment Reporting Information [Line Items]
Total assets	77.6		99.2
Inter-segment eliminations
Segment Reporting Information [Line Items]
Total revenue	(0.2)	(0.2)
Total Adjusted OIBDA	0.1	0.1
Total capitalized production and development spend	0	0
Total assets	$ (44.6)		$ (38.5)

XML

Stock Options and Restricted Stock - Narrative (Details) (USD $) In Millions, unless otherwise specified	3 Months Ended
	Mar. 31, 2014
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Remaining Contractual Term	6 years 2 months 12 days
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable, Weighted Average Remaining Contractual Term	5 years 2 months 12 days
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Intrinsic Value	$ 234.3
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable, Intrinsic Value	82.6
Incentive Plan, Stock Options and Restricted Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized	$ 73.1
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized, Period for Recognition	2 years 8 months 19 days

XML

Supplemental Guarantor Condensed Consolidating Financial Information - Consolidating Statements of Cash Flows (Details) (USD $) In Millions, unless otherwise specified	3 Months Ended
	Mar. 31, 2014	Mar. 31, 2013
Condensed Financial Statements, Captions [Line Items]
Payments to Acquire Property, Plant, and Equipment	$ (1.3)	$ (0.7)
Operating activities:
Net income (loss)	66.8	58.2
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	4.9	4.4
Amortization of program rights	146.3	135.5
Program rights payments	(112.6)	(109.2)
Amortization of investment in films and television programs	36.2	27.4
Investment in films and television programs	(79.5)	(53.6)
Stock compensation	7.8	7.3
Payments of long term incentive plan	0	(2.4)
Share of earnings of consolidated subsidiaries	0	0
Deferred income taxes	(2.1)	17.9
Other non-cash items	0.9	(2.6)
Changes in assets and liabilities:
Current and other assets	(1.5)	(18.2)
Due to affiliate	0	(39.5)
Payables and other liabilities	(25.9)	41.5
Net cash provided by operating activities	41.3	66.7
Investing activities – purchases of property and equipment	(1.3)	(0.7)
Financing activities:
Borrowings of debt	84.0	923.5
Payments of debt	(65.2)	(516.1)
Borrowings under notes payable to affiliate	0	0
Repayments under notes payable to affiliate	0	0
Net advances to (from) affiliate	0	0
Debt issuance costs	0	(2.1)
Contributions (Distributions) to Parent		0
Distributions to Old LMC	0	(1,200.0)
Contributions from parent related to exercise of stock options	(0.7)
Minimum withholding of taxes related to stock compensation	(5.7)	(0.7)
Excess tax benefit from stock compensation	4.4	0.4
Distributions to parent related to repurchases of common stock	(66.0)	(2.9)
Net cash used in financing activities	(47.8)	(797.9)
Net increase (decrease) in cash and cash equivalents	(7.8)	(731.9)
Beginning of period	25.7	749.8
End of period	17.9	17.9
Supplemental disclosure of cash flow information:
Cash paid for interest, net of amounts capitalized	19.4	19.1
Cash paid for income taxes	2.6	16.5
Distribution of corporate office building to Old LMC	0	45.7
Capital lease related to commercial lease with subsidiary of Liberty Media	0	44.8
Tax attributes related to LMC Spin-Off	0	11.6
Guarantor Subsidiaries
Condensed Financial Statements, Captions [Line Items]
Payments to Acquire Property, Plant, and Equipment	(1.3)	(0.6)
Operating activities:
Net income (loss)	63.1	60.1
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	3.8	3.3
Amortization of program rights	146.7	135.9
Program rights payments	(113.5)	(109.4)
Amortization of investment in films and television programs	5.8	5.8
Investment in films and television programs	(57.0)	(29.2)
Stock compensation	6.8	6.3
Payments of long term incentive plan		(2.4)
Share of earnings of consolidated subsidiaries	0	0
Deferred income taxes	(4.9)	17.9
Other non-cash items	0.7	1.3
Changes in assets and liabilities:
Current and other assets	(13.9)	(6.2)
Due to affiliate	8.4	(55.6)
Payables and other liabilities	1.6	43.8
Net cash provided by operating activities	47.6	71.6
Investing activities – purchases of property and equipment	1.3	(0.6)
Financing activities:
Borrowings of debt	0	0
Payments of debt	(1.1)	(1.0)
Borrowings under notes payable to affiliate	(25.2)	(10.4)
Repayments under notes payable to affiliate	17.6	8.8
Net advances to (from) affiliate	(45.3)	(191.9)
Debt issuance costs		0
Contributions (Distributions) to Parent		(600.0)
Distributions to Old LMC		0
Contributions from parent related to exercise of stock options	0
Minimum withholding of taxes related to stock compensation	(5.3)	(0.7)
Excess tax benefit from stock compensation	4.4	0.4
Distributions to parent related to repurchases of common stock	0	0
Net cash used in financing activities	(54.9)	(794.8)
Net increase (decrease) in cash and cash equivalents	(8.6)	(723.8)
Beginning of period	20.8	735.5
End of period	12.2	11.7
Supplemental disclosure of cash flow information:
Cash paid for interest, net of amounts capitalized	(0.6)	(1.3)
Cash paid for income taxes	2.3	15.8
Distribution of corporate office building to Old LMC		45.7
Capital lease related to commercial lease with subsidiary of Liberty Media		0
Tax attributes related to LMC Spin-Off		0
Subsidiary Issuer
Condensed Financial Statements, Captions [Line Items]
Payments to Acquire Property, Plant, and Equipment	0	0
Operating activities:
Net income (loss)	66.8	58.2
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	0.3	0.3
Amortization of program rights	0	0
Program rights payments	0	0
Amortization of investment in films and television programs	0	0
Investment in films and television programs	0	0
Stock compensation	0.4	0.6
Payments of long term incentive plan		0
Share of earnings of consolidated subsidiaries	(77.5)	(66.9)
Deferred income taxes	3.3	(0.1)
Other non-cash items	0.6	0.6
Changes in assets and liabilities:
Current and other assets	23.0	(0.6)
Due to affiliate	(9.1)	22.6
Payables and other liabilities	(7.7)	(10.5)
Net cash provided by operating activities	0.1	4.2
Investing activities – purchases of property and equipment	0	0
Financing activities:
Borrowings of debt	84.0	923.5
Payments of debt	(64.1)	(515.1)
Borrowings under notes payable to affiliate	0	0
Repayments under notes payable to affiliate	0	0
Net advances to (from) affiliate	45.3	191.9
Debt issuance costs		(2.1)
Contributions (Distributions) to Parent		600.0
Distributions to Old LMC		(1,200.0)
Contributions from parent related to exercise of stock options	(0.7)
Minimum withholding of taxes related to stock compensation	0	0
Excess tax benefit from stock compensation	0	0
Distributions to parent related to repurchases of common stock	(66.0)	(2.9)
Net cash used in financing activities	(0.1)	(4.7)
Net increase (decrease) in cash and cash equivalents	0	(0.5)
Beginning of period	0.4	0.9
End of period	0.4	0.4
Supplemental disclosure of cash flow information:
Cash paid for interest, net of amounts capitalized	19.8	19.8
Cash paid for income taxes	0	0.9
Distribution of corporate office building to Old LMC		0
Capital lease related to commercial lease with subsidiary of Liberty Media		44.8
Tax attributes related to LMC Spin-Off		11.6
Non-Guarantor Subsidiaries
Condensed Financial Statements, Captions [Line Items]
Payments to Acquire Property, Plant, and Equipment	0	(0.1)
Operating activities:
Net income (loss)	7.0	(0.6)
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	0.8	0.8
Amortization of program rights	0	0
Program rights payments	0	0
Amortization of investment in films and television programs	30.4	21.6
Investment in films and television programs	(22.5)	(24.4)
Stock compensation	0.6	0.4
Payments of long term incentive plan		0
Share of earnings of consolidated subsidiaries	0	0
Deferred income taxes	0	0
Other non-cash items	0.2	(3.9)
Changes in assets and liabilities:
Current and other assets	(9.9)	(11.4)
Due to affiliate	0.7	(6.5)
Payables and other liabilities	(13.7)	14.9
Net cash provided by operating activities	(6.4)	(9.1)
Investing activities – purchases of property and equipment	0	(0.1)
Financing activities:
Borrowings of debt	0	0
Payments of debt	0	0
Borrowings under notes payable to affiliate	25.2	10.4
Repayments under notes payable to affiliate	(17.6)	(8.8)
Net advances to (from) affiliate	0	0
Debt issuance costs		0
Contributions (Distributions) to Parent		0
Distributions to Old LMC		0
Contributions from parent related to exercise of stock options	0
Minimum withholding of taxes related to stock compensation	(0.4)	0
Excess tax benefit from stock compensation	0	0
Distributions to parent related to repurchases of common stock	0	0
Net cash used in financing activities	7.2	1.6
Net increase (decrease) in cash and cash equivalents	0.8	(7.6)
Beginning of period	4.5	13.4
End of period	5.3	5.8
Supplemental disclosure of cash flow information:
Cash paid for interest, net of amounts capitalized	0.2	0.6
Cash paid for income taxes	0.3	(0.2)
Distribution of corporate office building to Old LMC		0
Capital lease related to commercial lease with subsidiary of Liberty Media		0
Tax attributes related to LMC Spin-Off		0
Consolidation, Eliminations
Condensed Financial Statements, Captions [Line Items]
Payments to Acquire Property, Plant, and Equipment	0	0
Operating activities:
Net income (loss)	(70.1)	(59.5)
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	0	0
Amortization of program rights	(0.4)	(0.4)
Program rights payments	0.9	0.2
Amortization of investment in films and television programs	0	0
Investment in films and television programs	0	0
Stock compensation	0	0
Payments of long term incentive plan		0
Share of earnings of consolidated subsidiaries	77.5	66.9
Deferred income taxes	(0.5)	0.1
Other non-cash items	(0.6)	(0.6)
Changes in assets and liabilities:
Current and other assets	(0.7)	0
Due to affiliate	0	0
Payables and other liabilities	(6.1)	(6.7)
Net cash provided by operating activities	0	0
Investing activities – purchases of property and equipment	0	0
Financing activities:
Borrowings of debt	0	0
Payments of debt	0	0
Borrowings under notes payable to affiliate	0	0
Repayments under notes payable to affiliate	0	0
Net advances to (from) affiliate	0	0
Debt issuance costs		0
Contributions (Distributions) to Parent		0
Distributions to Old LMC		0
Contributions from parent related to exercise of stock options	0
Minimum withholding of taxes related to stock compensation	0	0
Excess tax benefit from stock compensation	0	0
Distributions to parent related to repurchases of common stock	0	0
Net cash used in financing activities	0	0
Net increase (decrease) in cash and cash equivalents	0	0
Beginning of period	0	0
End of period	0	0
Supplemental disclosure of cash flow information:
Cash paid for interest, net of amounts capitalized	0	0
Cash paid for income taxes	0	0
Distribution of corporate office building to Old LMC		0
Capital lease related to commercial lease with subsidiary of Liberty Media		0
Tax attributes related to LMC Spin-Off		$ 0

XML

Debt

3 Months Ended

Mar. 31, 2014

Debt Disclosure [Abstract]

Debt

Debt

Debt consists of the following (in millions):

	March 31, 2014			December 31, 2013
Revolving Credit Facility (a)	$	326.5		$	306.5
Senior Notes, including premium of $2.9 and $3.0 (b)	677.9			678.0
Capital leases (c)	73.7			74.9
Total debt	1,078.1			1,059.4
Less current portion of debt	(5.0		)	(4.9		)
Debt	$	1,073.1		$	1,054.5

(a) Starz, LLC has entered into a credit agreement that provides for a $1,000.0 million senior secured revolving credit facility, with a $50.0 million sub-limit for standby letters of credit (“Revolving Credit Facility”) which matures on November 16, 2016. As of March 31, 2014, $673.5 million of borrowing capacity was available under the Revolving Credit Facility.

Interest on each loan under the Revolving Credit Facility is payable at either an alternate base rate or LIBOR at Starz, LLC’s election. Borrowings that are alternate base rate loans bear interest at a per annum rate equal to the alternate base rate plus a margin that varies between 0.5% and 1.5% depending on the consolidated leverage ratio, as defined in the credit agreement. The alternate base rate is the highest of (a) the Prime Rate, (b) the Federal Funds Effective Rate plus ½ of 1.0% or (c) LIBOR for a one-month interest period plus 1.0%. Borrowings that are LIBOR loans bear interest at a per annum rate equal to the applicable LIBOR plus a margin that varies between 1.5% and 2.5% depending on the consolidated leverage ratio. The credit agreement requires Starz, LLC to pay a commitment fee on any unused portion under the Revolving Credit Facility. The commitment fee varies between 0.25% and 0.50%, depending on the consolidated leverage ratio.

As of March 31, 2014, the following borrowings and related LIBOR or alternate base rate interest rates were outstanding under the Revolving Credit Facility (dollars in millions):

LIBOR or alternate base rate period:	Interest Rate	Loan Amount
March 2014 to April 2014	1.9045%	$	21.0
March 2014 to April 2014	1.9044%	254.0
March 2014 to April 2014	1.9043%	44.0
March 2014 and forward	4.0000%	7.5
		$	326.5

The credit agreement contains certain covenants that include restrictions on, among others, incurring additional debt, paying dividends, entering into liens or guarantees, or making certain distributions, investments and other restricted payments. In addition, Starz, LLC must comply with certain financial covenants, including a consolidated leverage ratio, as defined in the agreement. As of March 31, 2014, Starz, LLC was in compliance with all covenants under the credit agreement.

(b) Starz, LLC and Starz Finance Corp., a wholly-owned subsidiary, co-issued $675.0 million aggregate principal amount of 5.0% senior notes due September 15, 2019 (the “Senior Notes”). The Senior Notes bear interest at a rate of 5.0% payable semi-annually on September 15 and March 15 of each year and are guaranteed by Starz Entertainment.

The Senior Notes contain certain covenants that include restrictions on, among others, incurring additional debt, paying dividends, entering into liens and guarantees, or making certain distributions, investments and other restricted payments. As of March 31, 2014, Starz, LLC was in compliance with all covenants under the Senior Notes.

(c) On January 11, 2013, Starz, LLC entered into a commercial lease with a subsidiary of Liberty Media for its headquarters building. The term of the lease is ten years, with successive five-year renewal periods at the option of Starz, LLC. Starz, LLC has recorded a $44.8 million capital lease in connection with this lease agreement with an imputed annual interest rate of 6.4%.

Starz Entertainment has entered into capital lease agreements for its transponder capacity. The agreements expire during 2018 to 2021 and have imputed annual interest rates ranging from 5.5% to 7.0%.

At March 31, 2014, the fair value of the Senior Notes was $699.8 million and was based upon quoted prices in active markets. Starz, LLC believes the fair value of the Revolving Credit Facility approximates its carrying value as of March 31, 2014 due to its variable rate nature and Starz, LLC’s stable credit spread.

Amounts totaling $0.9 million and $1.3 million of interest expense have been capitalized as investment in films and television programs during the three months endedMarch 31, 2014 and 2013, respectively.

XML

Income Taxes - Reconciliation of Income Tax Expense (Details)	3 Months Ended
	Mar. 31, 2014
Income Tax Expense (Benefit), Continuing Operations, Income Tax Reconciliation [Abstract]
Federal income tax rate	35.00%

XML

Related Party Transactions (Details) (USD $) In Millions, unless otherwise specified	3 Months Ended
	Mar. 31, 2014	Mar. 31, 2013	Dec. 31, 2013
Related Party Transaction [Line Items]
Participations payable to TWC	$ 74.8		$ 75.9
Weinstein [Member]
Related Party Transaction [Line Items]
Related party transaction, period	5 years
Recognition of participation expense	26.1	17.0
Participations payable to TWC	74.8		75.9
Payment Guarantee [Member] | Weinstein [Member]
Related Party Transaction [Line Items]
Maximum potential amount payable under guarantee	$ 50.0

XML

Commitments and Contingencies - Programming Rights (Details) (USD $) In Millions, unless otherwise specified	3 Months Ended
	Mar. 31, 2014	Mar. 31, 2013
Contractual Obligation, Fiscal Year Maturity [Abstract]
Program Rights Obligations	$ 148.8
Film rights payable in 2014	136.9
Film rights payable in 2015	11.8
Other Commitment, Due in Third Year	0.1
Programming license agreements payable in 2014	166.3
Programming license agreements payable in 2015	228.5
Programming license agreements payable in 2016	102.1
Programming license agreements payable in 2017	96.7
Programming license agreements payable in 2018	91.0
Programming license agreements payable thereafter	206.4
Amortization of program rights	$ 146.3	$ 135.5

XML

Other Information (Details) (USD $) In Millions, unless otherwise specified	3 Months Ended
	Mar. 31, 2014	Mar. 31, 2013	Dec. 31, 2013
Payables and Accruals [Abstract]
Royalties, residuals and participations	$ 70.0		$ 81.4
Participations payable to Weinstein	74.8		75.9
Program rights payable	141.0		32.2
Advertising and marketing	39.6		41.6
Payroll and related costs	16.0		28.7
Other	34.4		38.0
Total accrued liabilities	375.8		297.8
Supplemental Cash Flow Information [Abstract]
Cash paid for interest, net of amounts capitalized	19.4	19.1
Cash paid for income taxes	2.6	16.5
Distribution of corporate office building to Old LMC	0	45.7
Capital lease related to commercial lease with subsidiary of Liberty Media	0	44.8
Tax attributes related to LMC Spin-Off	$ 0	$ 11.6

XML

Basis of Presentation and Description of Business

3 Months Ended

Mar. 31, 2014

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Basis of Presentation and Description of Business

Basis of Presentation and Description of Business

Presentation

Starz, LLC provides premium subscription video programming to United States (“U.S.”) multichannel video programming distributors (“MVPDs”), including cable operators, satellite television providers and telecommunications companies. Starz, LLC also develops, produces and acquires entertainment content and distributes this content to consumers in the U.S. and throughout the world. The accompanying condensed consolidated financial statements include the accounts of Starz, LLC and its majority-owned and controlled subsidiaries. All intercompany balances and transactions have been eliminated in consolidation.

The accompanying interim unaudited condensed consolidated financial statements have been prepared in accordance with U.S. generally accepted accounting principles (“GAAP”) for interim financial information and the instructions to Form 10-Q and Article 10 of Regulation S-X as promulgated by the Securities and Exchange Commission. Accordingly, they do not include all of the information and footnotes required by GAAP for complete financial statements. In the opinion of management, all adjustments (consisting of normal recurring accruals) considered necessary for a fair presentation of the results for such periods have been included. The results of operations for any interim period are not necessarily indicative of results for the full year. These condensed consolidated financial statements should be read in conjunction with the consolidated financial statements and notes thereto contained in Starz, LLC’s Annual Report on Form 10-K for the year ended December 31, 2013.

LMC Spin-Off

In January 2013, the parent company of Starz, LLC, Starz (formerly known as Liberty Media Corporation (“Old LMC”)), completed the spin off (the “LMC Spin-Off”) of its wholly-owned subsidiary Liberty Media Corporation (formerly known as Liberty Spinco, Inc. (“Liberty Media”)). Unless the context otherwise requires, Old LMC is used to refer to Starz, LLC’s parent company when events or circumstances being described occurred prior to the LMC Spin-Off and Starz is used to refer to Starz, LLC’s parent company when events or circumstances being described occurred following the LMC Spin-Off.

Business

Starz, LLC’s business operations are conducted by its wholly-owned subsidiaries Starz Entertainment, LLC (“Starz Entertainment”), Film Roman, LLC (“Film Roman”) and certain other immaterial subsidiaries, and its majority-owned (75%) subsidiary Starz Media Group, LLC (“Starz Media”). The Weinstein Company LLC (“Weinstein”) owns a 25% interest in Starz Media. Starz, LLC is managed by and organized around the following operating segments:

Starz Networks

Starz Networks’ flagship premium networks are Starz and Encore. Starz, a first-run movie service, exhibits contemporary hit movies, original series, and documentaries. Encore airs first-run movies and classic contemporary movies. Starz Network’s third network, MoviePlex, offers a variety of art house, independent films and classic movie library content. Starz and Encore, along with MoviePlex, air across 17 linear networks complemented by on-demand and Internet services. Starz Networks’ premium networks are offered by MVPDs to their subscribers either on a fixed monthly price as part of a programming tier or package or on an a-la-carte basis.

Starz Distribution

Starz Distribution includes Starz, LLC’s Home Video, Digital Media and Worldwide Distribution businesses.

Home Video

Starz, LLC, through its majority-owned subsidiary Anchor Bay Entertainment, LLC (“Anchor Bay Entertainment”), sells or rents DVDs (standard definition and Blu-ray™) under the Anchor Bay and Manga brands, in the U.S., Canada, the United Kingdom, Australia and other international territories to the extent it has rights to such content in international territories. Anchor Bay Entertainment develops and produces certain of its content and also acquires and licenses various titles from third parties. Certain of the titles produced or acquired by Anchor Bay Entertainment air on Starz Networks’ Starz and Encore networks. Anchor Bay Entertainment also distributes Starz Networks’ original programming content and Weinstein’s titles. Each of these titles are sold to and distributed by regional and national retailers and other distributors, including Wal-Mart, Target, Best Buy, Ingram Entertainment, Amazon, Netflix and Redbox.

Digital Media

Digital Media distributes digital and on-demand content for Starz, LLC’s owned content and content for which it has licensed digital ancillary rights in the U.S. and throughout the world to the extent it has rights to such content in international territories. Digital Media receives fees for such services from a wide array of partners and distributors. These range from traditional MVPDs, Internet/mobile distributors, game developers/publishers and consumer electronics companies. Digital Media also distributes Starz Networks’ original programming content and Weinstein’s titles.

Worldwide Distribution

Worldwide Distribution distributes movies, television series, documentaries, children’s programming and other video content. Worldwide Distribution exploits Starz, LLC’s owned content and content for which it has licensed ancillary rights on free or pay television in the U.S. and throughout the world on free or pay television and other media to the extent it has rights to such content in international territories. It also distributes Starz Networks’ original programming content.

Starz Animation

Starz, LLC, through its wholly-owned subsidiary Film Roman, develops and produces two-dimensional animated content on a for-hire basis for various third party entertainment companies.

Use of Estimates

The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the amounts reported in the condensed consolidated financial statements and accompanying notes. Starz, LLC considers amortization of program rights, the fair value of goodwill and any related impairment, the development of ultimate revenue estimates associated with released films and television programs, the assessment of investment in films and television programs for impairment and allowances for sales returns to be its most significant estimates. Actual results may differ from those estimates.

Prior Period Reclassifications

Certain prior period amounts have been reclassified for comparability with the 2014 presentation.

XML

Information and Operating Segments - Reconciliation of Adjusted OIBDA (Details) (USD $) In Millions, unless otherwise specified	3 Months Ended
	Mar. 31, 2014	Mar. 31, 2013
Reconciliation from Segment Totals to Consolidated [Abstract]
Consolidated Adjusted OIBDA	$ 126.2	$ 116.5
Stock compensation	(7.8)	(7.3)
Depreciation and amortization	(4.9)	(4.4)
Interest expense, net of amounts capitalized	(11.5)	(10.2)
Other income (expense), net	0.5	(1.5)
Income before income taxes	$ 102.5	$ 93.1

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Consolidated Balance Sheets (USD $) In Millions, unless otherwise specified	Mar. 31, 2014	Dec. 31, 2013
Current assets:
Cash and cash equivalents	$ 17.9	$ 25.7
Restricted cash	32.7	30.1
Trade accounts receivable, net of allowances of $32.1 and $32.8	259.9	247.1
Program rights, net	369.3	271.8
Deferred income taxes	0.5	0.5
Other current assets	45.2	63.8
Total current assets	725.5	639.0
Noncurrent assets:
Program rights	361.9	333.2
Investment in films and television programs, net	187.3	194.6
Property and equipment, net of accumulated depreciation of $110.7 and $106.4	92.7	95.7
Deferred income taxes	20.6	18.5
Goodwill	131.8	131.8
Other assets, net	40.1	37.2
Total assets	1,559.9	1,450.0
Current liabilities:
Current portion of debt (Note 2)	5.0	4.9
Trade accounts payable	7.8	7.3
Accrued liabilities (Notes 4, 6 and 7)	375.8	297.8
Deferred revenue	22.1	16.6
Total current liabilities	410.7	326.6
Noncurrent liabilities:
Debt (Note 2)	1,073.1	1,054.5
Other liabilities (Note 6)	12.8	14.2
Total liabilities	1,496.6	1,395.3
Member's Equity [Abstract]
Member’s interest	68.6	61.9
Noncontrolling interests in subsidiaries	(5.3)	(7.2)
Total member’s interest and noncontrolling interests	63.3	54.7
Commitments and contingencies (Note 6)
Total liabilities and member’s interest and noncontrolling interests	$ 1,559.9	$ 1,450.0

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Consolidated Statements of Cash Flows (USD $) In Millions, unless otherwise specified	3 Months Ended
	Mar. 31, 2014	Mar. 31, 2013
Operating activities:
Net income	$ 66.8	$ 58.2
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	4.9	4.4
Amortization of program rights	146.3	135.5
Program rights payments	(112.6)	(109.2)
Amortization of investment in films and television programs	36.2	27.4
Investment in films and television programs	(79.5)	(53.6)
Stock compensation	7.8	7.3
Payments of long term incentive plan	0	(2.4)
Deferred income taxes	(2.1)	17.9
Other non-cash items	0.9	(2.6)
Changes in assets and liabilities:
Current and other assets	(1.5)	(18.2)
Due to affiliate	0	(39.5)
Payables and other liabilities	(25.9)	41.5
Net cash provided by operating activities	41.3	66.7
Investing activities:
Payments to Acquire Property, Plant, and Equipment	(1.3)	(0.7)
Investing activities – purchases of property and equipment	(1.3)	(0.7)
Financing activities:
Borrowings of debt	84.0	923.5
Payments of debt	(65.2)	(516.1)
Debt issuance costs	0	(2.1)
Contributions from parent related to exercise of stock options	0.7
Minimum withholding of taxes related to stock compensation	(5.7)	(0.7)
Excess tax benefit from stock compensation	4.4	0.4
Distributions to parent related to repurchases of common stock	(66.0)	(2.9)
Distributions to Old LMC	0	(1,200.0)
Net cash used in financing activities	(47.8)	(797.9)
Net decrease in cash and cash equivalents	(7.8)	(731.9)
Beginning of period	25.7	749.8
End of period	$ 17.9	$ 17.9

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Supplemental Guarantor Condensed Consolidating Financial Information - Consolidating Statement of Operations (Details) (USD $) In Millions, unless otherwise specified	3 Months Ended
	Mar. 31, 2014	Mar. 31, 2013
Revenue:
Programming networks and other services	$ 363.3	$ 349.5
Home video net sales	56.7	49.8
Total revenue	420.0	399.3
Costs and expenses:
Programming costs (including amortization)	156.2	146.0
Production and acquisition (including amortization)	40.9	39.8
Home video cost of sales	13.0	15.1
Operating	14.0	12.7
Selling, general and administrative	69.7	69.2
Stock compensation	7.8	7.3
Depreciation and amortization	4.9	4.4
Total costs and expenses	306.5	294.5
Operating income	113.5	104.8
Other income (expense):
Interest expense, net of amounts capitalized	(11.5)	(10.2)
Interest income (expense), related party	0	0
Share of earnings of consolidated subsidiaries	0	0
Other income (expense), net	0.5	(1.5)
Income before income taxes	102.5	93.1
Income tax benefit (expense)	(35.7)	(34.9)
Income from continuing operations		58.2
Net income	66.8	58.2
Foreign currency translation adjustments from operations	(0.2)	0.1
Comprehensive income	66.6	58.3
Net income attributable to noncontrolling interests	(1.9)	(0.3)
Net income attributable to member	64.9	57.9
Guarantor Subsidiaries
Revenue:
Programming networks and other services	334.5	324.1
Home video net sales	3.9	5.9
Total revenue	338.4	330.0
Costs and expenses:
Programming costs (including amortization)	156.6	146.3
Production and acquisition (including amortization)	5.9	6.4
Home video cost of sales	2.7	3.8
Operating	6.5	5.8
Selling, general and administrative	49.7	52.8
Stock compensation	6.8	6.3
Depreciation and amortization	3.8	3.3
Total costs and expenses	232.0	224.7
Operating income	106.4	105.3
Other income (expense):
Interest expense, net of amounts capitalized	(10.8)	(9.6)
Interest income (expense), related party	0.2	0.5
Share of earnings of consolidated subsidiaries	0	0
Other income (expense), net	0.4	(1.7)
Income before income taxes	96.2	94.5
Income tax benefit (expense)	(33.1)	(34.4)
Income from continuing operations		60.1
Net income	63.1	60.1
Foreign currency translation adjustments from operations	0	0
Comprehensive income	63.1	60.1
Net income attributable to noncontrolling interests	0	0
Net income attributable to member	63.1	60.1
Subsidiary Issuer
Revenue:
Programming networks and other services	0	0
Home video net sales	0	0
Total revenue	0	0
Costs and expenses:
Programming costs (including amortization)	0	0
Production and acquisition (including amortization)	0	0
Home video cost of sales	0	0
Operating	0	0
Selling, general and administrative	1.3	1.3
Stock compensation	0.4	0.6
Depreciation and amortization	0.3	0.3
Total costs and expenses	2.0	2.2
Operating income	(2.0)	(2.2)
Other income (expense):
Interest expense, net of amounts capitalized	(11.9)	(10.9)
Interest income (expense), related party	0	0
Share of earnings of consolidated subsidiaries	77.5	66.9
Other income (expense), net	0	0
Income before income taxes	(13.9)	(13.1)
Income tax benefit (expense)	3.2	4.4
Income from continuing operations		58.2
Net income	66.8	58.2
Foreign currency translation adjustments from operations	(0.2)	0.1
Comprehensive income	66.6	58.3
Net income attributable to noncontrolling interests	(1.9)	(0.3)
Net income attributable to member	64.9	57.9
Non-Guarantor Subsidiaries
Revenue:
Programming networks and other services	31.1	27.3
Home video net sales	53.6	45.1
Total revenue	84.7	72.4
Costs and expenses:
Programming costs (including amortization)	0	0
Production and acquisition (including amortization)	35.0	33.4
Home video cost of sales	11.1	12.5
Operating	9.6	8.5
Selling, general and administrative	18.7	15.1
Stock compensation	0.6	0.4
Depreciation and amortization	0.8	0.8
Total costs and expenses	75.8	70.7
Operating income	8.9	1.7
Other income (expense):
Interest expense, net of amounts capitalized	0	0
Interest income (expense), related party	(0.2)	(0.5)
Share of earnings of consolidated subsidiaries	0	0
Other income (expense), net	0.1	(1.3)
Income before income taxes	8.8	(0.1)
Income tax benefit (expense)	(1.8)	(0.5)
Income from continuing operations		(0.6)
Net income	7.0	(0.6)
Foreign currency translation adjustments from operations	(0.2)	0
Comprehensive income	6.8	(0.6)
Net income attributable to noncontrolling interests	0	0
Net income attributable to member	7.0	(0.6)
Consolidation, Eliminations
Revenue:
Programming networks and other services	(2.3)	(1.9)
Home video net sales	(0.8)	(1.2)
Total revenue	(3.1)	(3.1)
Costs and expenses:
Programming costs (including amortization)	(0.4)	(0.3)
Production and acquisition (including amortization)	0	0
Home video cost of sales	(0.8)	(1.2)
Operating	(2.1)	(1.6)
Selling, general and administrative	0	0
Stock compensation	0	0
Depreciation and amortization	0	0
Total costs and expenses	(3.3)	(3.1)
Operating income	0.2	0
Other income (expense):
Interest expense, net of amounts capitalized	11.2	10.3
Interest income (expense), related party	0	0
Share of earnings of consolidated subsidiaries	(77.5)	(66.9)
Other income (expense), net	0	1.5
Income before income taxes	11.4	11.8
Income tax benefit (expense)	(4.0)	(4.4)
Income from continuing operations		(59.5)
Net income	(70.1)	(59.5)
Foreign currency translation adjustments from operations	0.2	0
Comprehensive income	(69.9)	(59.5)
Net income attributable to noncontrolling interests	0	0
Net income attributable to member	$ (70.1)	$ (59.5)

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Supplemental Guarantor Condensed Consolidating Financial Information (Tables)

3 Months Ended

Mar. 31, 2014

Condensed Financial Information of Parent Company Only Disclosure [Abstract]

Schedule of Condensed Balance Sheet

The following tables set forth the consolidating financial information of Starz, LLC, which includes the financial information of Starz Entertainment, the guarantor:

Consolidating Balance Sheet Information – As of March 31, 2014
(in millions)
	Starz Entertainment, LLC (Guarantor)						Starz Media and Other Businesses (Non-Guarantors)
				Starz, LLC Parent Only (Co-Issuer)						Eliminations			Consolidated Starz, LLC
Assets
Current assets:
Cash and cash equivalents	$	12.2		$	0.4		$	5.3		$	—		$	17.9
Restricted cash	—			—			32.7			—			32.7
Trade accounts receivable, net	211.3			—			48.7			(0.1		)	259.9
Program rights, net	370.6			—			—			(1.3		)	369.3
Deferred income taxes	0.2			0.3			—			—			0.5
Notes receivable from affiliates	25.3			—			—			(25.3		)	—
Other current assets	29.8			0.9			14.5			—			45.2
Total current assets	649.4			1.6			101.2			(26.7		)	725.5
Program rights	367.7			—			—			(5.8		)	361.9
Investment in films and television programs, net	116.1			—			71.2			—			187.3
Property and equipment, net	49.1			43.0			0.6			—			92.7
Deferred income taxes	—			20.6			—			—			20.6
Goodwill	131.8			—			—			—			131.8
Other assets, net	20.9			12.1			19.2			(12.1		)	40.1
Investment in consolidated subsidiaries	—			1,559.3			—			(1,559.3		)	—
Total assets	$	1,335.0		$	1,636.6		$	192.2		$	(1,603.9	)	$	1,559.9
Liabilities and Member’s Interest (Deficit) and Noncontrolling Interests
Current liabilities:
Current portion of debt	$	4.5		$	0.5		$	—		$	—		$	5.0
Trade accounts payable	5.5			—			2.3			—			7.8
Accrued liabilities	207.7			15.1			155.4			(2.4		)	375.8
Notes payable due to affiliate	—			—			25.3			(25.3		)	—
Due to (from) affiliates	(528.2		)	526.3			1.9			—			—
Deferred revenue	0.6			—			21.5			—			22.1
Total current liabilities	(309.9		)	541.9			206.4			(27.7		)	410.7
Debt	1,029.5			1,048.0			—			(1,004.4		)	1,073.1
Deferred income taxes	10.0			(16.6		)	—			6.6			—
Other liabilities	9.7			—			8.4			(5.3		)	12.8
Total liabilities	739.3			1,573.3			214.8			(1,030.8		)	1,496.6
Member’s interest (deficit)	595.7			68.6			(22.5		)	(573.2		)	68.6
Noncontrolling interests in subsidiaries	—			(5.3		)	(0.1		)	0.1			(5.3		)
Total member’s interest (deficit) and noncontrolling interests	595.7			63.3			(22.6		)	(573.1		)	63.3
Total liabilities and member’s interest (deficit) and noncontrolling interests	$	1,335.0		$	1,636.6		$	192.2		$	(1,603.9	)	$	1,559.9

Consolidating Balance Sheet Information – As of December 31, 2013
(in millions)
	Starz Entertainment, LLC (Guarantor)						Starz Media and Other Businesses (Non-Guarantors)
				Starz, LLC Parent Only (Co-Issuer)						Eliminations			Consolidated Starz, LLC
Assets
Current assets:
Cash and cash equivalents	$	20.8		$	0.4		$	4.5		$	—		$	25.7
Restricted cash	—			—			30.1			—			30.1
Trade accounts receivable, net	208.1			—			39.8			(0.8		)	247.1
Program rights, net	273.3			—			—			(1.5		)	271.8
Deferred income taxes	0.2			0.3			—			—			0.5
Notes receivable from affiliates	17.7			—			—			(17.7		)	—
Other current assets	24.0			23.8			16.0			—			63.8
Total current assets	544.1			24.5			90.4			(20.0		)	639.0
Program rights	338.9			—			—			(5.7		)	333.2
Investment in films and television programs, net	114.3			—			80.3			—			194.6
Property and equipment, net	51.6			43.3			0.8			—			95.7
Deferred income taxes	—			18.5			—			—			18.5
Goodwill	131.8			—			—			—			131.8
Other assets, net	17.0			12.9			20.2			(12.9		)	37.2
Investment in consolidated subsidiaries	—			1,471.6			—			(1,471.6		)	—
Total assets	$	1,197.7		$	1,570.8		$	191.7		$	(1,510.2	)	$	1,450.0
Liabilities and Member’s Interest (Deficit) and Noncontrolling Interests
Current liabilities:
Current portion of debt	$	4.4		$	0.5		$	—		$	—		$	4.9
Trade accounts payable	6.1			—			1.2			—			7.3
Accrued liabilities	113.6			19.2			176.5			(11.5		)	297.8
Notes payable due to affiliate	—			—			17.7			(17.7		)	—
Due to (from) affiliates	(491.3		)	490.1			1.2			—			—
Deferred revenue	0.6			—			16.0			—			16.6
Total current liabilities	(366.6		)	509.8			212.6			(29.2		)	326.6
Debt	1,010.8			1,028.3			—			(984.6		)	1,054.5
Deferred income taxes	14.9			(22.0		)	—			7.1			—
Other liabilities	11.0			—			8.6			(5.4		)	14.2
Total liabilities	670.1			1,516.1			221.2			(1,012.1		)	1,395.3
Member’s interest (deficit)	527.6			61.9			(29.4		)	(498.2		)	61.9
Noncontrolling interests in subsidiaries	—			(7.2		)	(0.1		)	0.1			(7.2		)
Total member’s interest (deficit) and noncontrolling interests	527.6			54.7			(29.5		)	(498.1		)	54.7
Total liabilities and member’s interest (deficit) and noncontrolling interests	$	1,197.7		$	1,570.8		$	191.7		$	(1,510.2	)	$	1,450.0

Schedule of Condensed Income Statement

Consolidating Statement of Operations Information – For the Three Months Ended March 31, 2013
(in millions)
	Starz Entertainment, LLC (Guarantor)						Starz Media and Other Businesses (Non-Guarantors)
				Starz, LLC Parent Only (Co-Issuer)						Eliminations			Consolidated Starz, LLC
Revenue:
Programming networks and other services	$	324.1		$	—		$	27.3		$	(1.9	)	$	349.5
Home video net sales	5.9			—			45.1			(1.2		)	49.8
Total revenue	330.0			—			72.4			(3.1		)	399.3
Costs and expenses:
Programming (including amortization)	146.3			—			—			(0.3		)	146.0
Production and acquisition (including amortization)	6.4			—			33.4			—			39.8
Home video cost of sales	3.8			—			12.5			(1.2		)	15.1
Operating	5.8			—			8.5			(1.6		)	12.7
Selling, general and administrative	52.8			1.3			15.1			—			69.2
Stock compensation	6.3			0.6			0.4			—			7.3
Depreciation and amortization	3.3			0.3			0.8			—			4.4
Total costs and expenses	224.7			2.2			70.7			(3.1		)	294.5
Operating income (loss)	105.3			(2.2		)	1.7			—			104.8
Other income (expense):
Interest expense, net of amounts capitalized	(9.6		)	(10.9		)	—			10.3			(10.2		)
Interest income (expense), related party	0.5			—			(0.5		)	—			—
Other income (expense), net	(1.7		)	—			(1.3		)	1.5			(1.5		)
Income (loss) before income taxes and share of earnings of consolidated subsidiaries	94.5			(13.1		)	(0.1		)	11.8			93.1
Income tax benefit (expense)	(34.4		)	4.4			(0.5		)	(4.4		)	(34.9		)
Share of earnings of consolidated subsidiaries, net of taxes	—			66.9			—			(66.9		)	—
Net income (loss)	60.1			58.2			(0.6		)	(59.5		)	58.2
Net income attributable to noncontrolling interests	—			(0.3		)	—			—			(0.3		)
Net income (loss) attributable to member	$	60.1		$	57.9		$	(0.6	)	$	(59.5	)	$	57.9

Consolidating Statement of Operations Information – For the Three Months Ended March 31, 2014
(in millions)
	Starz Entertainment, LLC (Guarantor)						Starz Media and Other Businesses (Non-Guarantors)
				Starz, LLC Parent Only (Co-Issuer)						Eliminations			Consolidated Starz, LLC
Revenue:
Programming networks and other services	$	334.5		$	—		$	31.1		$	(2.3	)	$	363.3
Home video net sales	3.9			—			53.6			(0.8		)	56.7
Total revenue	338.4			—			84.7			(3.1		)	420.0
Costs and expenses:
Programming (including amortization)	156.6			—			—			(0.4		)	156.2
Production and acquisition (including amortization)	5.9			—			35.0			—			40.9
Home video cost of sales	2.7			—			11.1			(0.8		)	13.0
Operating	6.5			—			9.6			(2.1		)	14.0
Selling, general and administrative	49.7			1.3			18.7			—			69.7
Stock compensation	6.8			0.4			0.6			—			7.8
Depreciation and amortization	3.8			0.3			0.8			—			4.9
Total costs and expenses	232.0			2.0			75.8			(3.3		)	306.5
Operating income (loss)	106.4			(2.0		)	8.9			0.2			113.5
Other income (expense):
Interest expense, net of amounts capitalized	(10.8		)	(11.9		)	—			11.2			(11.5		)
Interest income (expense), related party	0.2			—			(0.2		)	—			—
Other income (expense), net	0.4			—			0.1			—			0.5
Income (loss) before income taxes and share of earnings of consolidated subsidiaries	96.2			(13.9		)	8.8			11.4			102.5
Income tax benefit (expense)	(33.1		)	3.2			(1.8		)	(4.0		)	(35.7		)
Share of earnings of consolidated subsidiaries, net of taxes	—			77.5			—			(77.5		)	—
Net income	63.1			66.8			7.0			(70.1		)	66.8
Net income attributable to noncontrolling interests	—			(1.9		)	—			—			(1.9		)
Net income attributable to member	$	63.1		$	64.9		$	7.0		$	(70.1	)	$	64.9

Schedule of Condensed Comprehensive Income (Loss) Statement

Consolidating Statement of Comprehensive Income Information – For the Three Months Ended March 31, 2014
(in millions)
	Starz Entertainment, LLC (Guarantor)					Starz Media and Other Businesses (Non-Guarantors)
			Starz, LLC Parent Only (Co-Issuer)						Eliminations			Consolidated Starz, LLC
Net income	$	63.1	$	66.8		$	7.0		$	(70.1	)	$	66.8
Other comprehensive loss, net of taxes -
Foreign currency translation adjustments	—		(0.2		)	(0.2		)	0.2			(0.2		)
Comprehensive income	63.1		66.6			6.8			(69.9		)	66.6
Comprehensive income attributable to noncontrolling interests	—		(1.9		)	—			—			(1.9		)
Comprehensive income attributable to member	$	63.1	$	64.7		$	6.8		$	(69.9	)	$	64.7

Consolidating Statement of Comprehensive Income (Loss) Information – For the Three Months Ended March 31, 2013
(in millions)
	Starz Entertainment, LLC (Guarantor)					Starz Media and Other Businesses (Non-Guarantors)
			Starz, LLC Parent Only (Co-Issuer)						Eliminations			Consolidated Starz, LLC
Net income (loss)	$	60.1	$	58.2		$	(0.6	)	$	(59.5	)	$	58.2
Other comprehensive income, net of taxes -
Foreign currency translation adjustments	—		0.1			—			—			0.1
Comprehensive income (loss)	60.1		58.3			(0.6		)	(59.5		)	58.3
Comprehensive income attributable to noncontrolling interests	—		(0.3		)	—			—			(0.3		)
Comprehensive income (loss) attributable to member	$	60.1	$	58.0		$	(0.6	)	$	(59.5	)	$	58.0

Schedule of Condensed Cash Flow Statement

Consolidating Statement of Cash Flows’ Information – For the Three Months Ended March 31, 2014
(in millions)
	Starz Entertainment, LLC (Guarantor)						Starz Media and Other Businesses (Non-Guarantors)
				Starz, LLC Parent Only (Co-Issuer)						Eliminations			Consolidated Starz, LLC
Operating activities:
Net income	$	63.1		$	66.8		$	7.0		$	(70.1	)	$	66.8
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Depreciation and amortization	3.8			0.3			0.8			—			4.9
Amortization of program rights	146.7			—			—			(0.4		)	146.3
Program rights payments	(113.5		)	—			—			0.9			(112.6		)
Amortization of investment in films and television programs	5.8			—			30.4			—			36.2
Investment in films and television programs	(57.0		)	—			(22.5		)	—			(79.5		)
Stock compensation	6.8			0.4			0.6			—			7.8
Share of earnings of consolidated subsidiaries	—			(77.5		)	—			77.5			—
Deferred income taxes	(4.9		)	3.3			—			(0.5		)	(2.1		)
Other non-cash items	0.7			0.6			0.2			(0.6		)	0.9
Changes in assets and liabilities:
Current and other assets	(13.9		)	23.0			(9.9		)	(0.7		)	(1.5		)
Due to / from affiliates	8.4			(9.1		)	0.7			—			—
Payables and other liabilities	1.6			(7.7		)	(13.7		)	(6.1		)	(25.9		)
Net cash provided by (used in) operating activities	47.6			0.1			(6.4		)	—			41.3
Investing activities – purchases of property and equipment	(1.3		)	—			—			—			(1.3		)
Financing activities:
Borrowings of debt	—			84.0			—			—			84.0
Payments of debt	(1.1		)	(64.1		)	—			—			(65.2		)
Borrowings under notes payable to affiliate	(25.2		)	—			25.2			—			—
Repayments under notes payable to affiliate	17.6			—			(17.6		)	—			—
Net advances to / from affiliate	(45.3		)	45.3			—			—			—
Contribution from parent related to exercise of stock options	—			0.7			—			—			0.7
Minimum withholding of taxes related to stock compensation	(5.3		)	—			(0.4		)	—			(5.7		)
Excess tax benefit from stock compensation	4.4			—			—			—			4.4
Distributions to parent for repurchase of common stock	—			(66.0		)	—			—			(66.0		)
Net cash provided by (used in) financing activities	(54.9		)	(0.1		)	7.2			—			(47.8		)
Net increase (decrease) in cash and cash equivalents	(8.6		)	—			0.8			—			(7.8		)
Cash and cash equivalents:
Beginning of period	20.8			0.4			4.5			—			25.7
End of period	$	12.2		$	0.4		$	5.3		$	—		$	17.9
Supplemental disclosure of cash flow information:
Cash paid for interest, net of amounts capitalized	$	(0.6	)	$	19.8		$	0.2		$	—		$	19.4
Cash paid for income taxes	$	2.3		$	—		$	0.3		$	—		$	2.6

Consolidating Statement of Cash Flows’ Information – For the Three Months Ended March 31, 2013
(in millions)
	Starz Entertainment, LLC (Guarantor)						Starz Media and Other Businesses (Non-Guarantors)
				Starz, LLC Parent Only (Co-Issuer)						Eliminations			Consolidated Starz, LLC
Operating activities:
Net income (loss)	$	60.1		$	58.2		$	(0.6	)	$	(59.5	)	$	58.2
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
Depreciation and amortization	3.3			0.3			0.8			—			4.4
Amortization of program rights	135.9			—			—			(0.4		)	135.5
Program rights payments	(109.4		)	—			—			0.2			(109.2		)
Amortization of investment in films and television programs	5.8			—			21.6			—			27.4
Investment in films and television programs	(29.2		)	—			(24.4		)	—			(53.6		)
Stock compensation	6.3			0.6			0.4			—			7.3
Payments of long term incentive plan	(2.4		)	—			—			—			(2.4		)
Share of earnings of consolidated subsidiaries	—			(66.9		)	—			66.9			—
Deferred income taxes	17.9			(0.1		)	—			0.1			17.9
Other non-cash items	1.3			0.6			(3.9		)	(0.6		)	(2.6		)
Changes in assets and liabilities:
Current and other assets	(6.2		)	(0.6		)	(11.4		)	—			(18.2		)
Due to / from affiliates	(55.6		)	22.6			(6.5		)	—			(39.5		)
Payables and other liabilities	43.8			(10.5		)	14.9			(6.7		)	41.5
Net cash provided by (used in) operating activities	71.6			4.2			(9.1		)	—			66.7
Investing activities – purchases of property and equipment	(0.6		)	—			(0.1		)	—			(0.7		)
Financing activities:
Borrowings of debt	—			923.5			—			—			923.5
Payments of debt	(1.0		)	(515.1		)	—			—			(516.1		)
Debt issuance costs	—			(2.1		)	—			—			(2.1		)
Borrowings under notes payable to affiliate	(10.4		)	—			10.4			—			—
Repayments under notes payable to affiliate	8.8			—			(8.8		)	—			—
Net advances to / from affiliate	(191.9		)	191.9			—			—			—
Minimum withholding of taxes related to stock compensation	(0.7		)	—			—			—			(0.7		)
Excess tax benefit from stock compensation	0.4			—			—			—			0.4
Distributions to parent for repurchase of common stock	—			(2.9		)	—			—			(2.9		)
Distributions to parent	(600.0		)	600.0			—			—			—
Distributions to Old LMC	—			(1,200.0		)	—			—			(1,200.0		)
Net cash provided by (used in) financing activities	(794.8		)	(4.7		)	1.6			—			(797.9		)
Net decrease in cash and cash equivalents	(723.8		)	(0.5		)	(7.6		)	—			(731.9		)
Cash and cash equivalents:
Beginning of period	735.5			0.9			13.4			—			749.8
End of period	$	11.7		$	0.4		$	5.8		$	—		$	17.9
Supplemental disclosure of cash flow information:
Cash paid for interest, net of amounts capitalized	$	(1.3	)	$	19.8		$	0.6		$	—		$	19.1
Cash paid for income taxes	$	15.8		$	0.9		$	(0.2	)	$	—		$	16.5
Distribution of corporate office building to Old LMC	$	45.7		$	—		$	—		$	—		$	45.7
Capital lease related to commercial lease with a subsidiary of Liberty Media	$	—		$	44.8		$	—		$	—		$	44.8
Tax attributes related to LMC Spin-Off	$	—		$	11.6		$	—		$	—		$	11.6

XML

Supplemental Guarantor Condensed Consolidating Financial Information - Consolidating Statement of Comprehensive Income (Loss) (Details) (USD $) In Millions, unless otherwise specified	3 Months Ended
	Mar. 31, 2014	Mar. 31, 2013
Condensed Financial Statements, Captions [Line Items]
Net income (loss)	$ 66.8	$ 58.2
Other comprehensive loss, net of taxes:
Foreign currency translation adjustments from operations	(0.2)	0.1
Comprehensive income	66.6	58.3
Comprehensive income attributable to noncontrolling interests	(1.9)	(0.3)
Comprehensive income attributable to member	64.7	58.0
Guarantor Subsidiaries
Condensed Financial Statements, Captions [Line Items]
Net income (loss)	63.1	60.1
Other comprehensive loss, net of taxes:
Foreign currency translation adjustments from operations	0	0
Comprehensive income	63.1	60.1
Comprehensive income attributable to noncontrolling interests	0	0
Comprehensive income attributable to member	63.1	60.1
Subsidiary Issuer
Condensed Financial Statements, Captions [Line Items]
Net income (loss)	66.8	58.2
Other comprehensive loss, net of taxes:
Foreign currency translation adjustments from operations	(0.2)	0.1
Comprehensive income	66.6	58.3
Comprehensive income attributable to noncontrolling interests	(1.9)	(0.3)
Comprehensive income attributable to member	64.7	58.0
Non-Guarantor Subsidiaries
Condensed Financial Statements, Captions [Line Items]
Net income (loss)	7.0	(0.6)
Other comprehensive loss, net of taxes:
Foreign currency translation adjustments from operations	(0.2)	0
Comprehensive income	6.8	(0.6)
Comprehensive income attributable to noncontrolling interests	0	0
Comprehensive income attributable to member	6.8	(0.6)
Consolidation, Eliminations
Condensed Financial Statements, Captions [Line Items]
Net income (loss)	(70.1)	(59.5)
Other comprehensive loss, net of taxes:
Foreign currency translation adjustments from operations	0.2	0
Comprehensive income	(69.9)	(59.5)
Comprehensive income attributable to noncontrolling interests	0	0
Comprehensive income attributable to member	$ (69.9)	$ (59.5)

XML

Debt (Details) (USD $)	3 Months Ended			0 Months Ended	3 Months Ended																	3 Months Ended						3 Months Ended
	Mar. 31, 2014	Mar. 31, 2013	Dec. 31, 2013	Jan. 11, 2013 Starz, LLC	Mar. 31, 2014 Starz, LLC	Mar. 31, 2014 Starz Entertainment Minimum	Mar. 31, 2014 Starz Entertainment Maximum	Mar. 31, 2014 Senior Notes		Dec. 31, 2013 Senior Notes		Mar. 31, 2014 Senior Notes Starz, LLC and Starz Finance Corp	Mar. 31, 2014 Capital Lease Obligations		Dec. 31, 2013 Capital Lease Obligations		Mar. 31, 2014 Revolving Credit Facility Line of Credit		Dec. 31, 2013 Revolving Credit Facility Line of Credit		Mar. 31, 2014 Revolving Credit Facility Line of Credit Starz, LLC	Mar. 31, 2014 Revolving Credit Facility Line of Credit Starz, LLC Minimum	Mar. 31, 2014 Revolving Credit Facility Line of Credit Starz, LLC Maximum	Mar. 31, 2014 Standby Letters of Credit [Member] Line of Credit Starz, LLC	Mar. 31, 2014 Revolving Credit Facility, Senior Secured, Term Loans Line of Credit Federal Funds Effective Rate [Member] Starz, LLC	Mar. 31, 2014 Revolving Credit Facility, Senior Secured, Term Loans Line of Credit Alternate Base Rate, Prime, Federal Funds, or LIBOR [Member] Starz, LLC Minimum	Mar. 31, 2014 Revolving Credit Facility, Senior Secured, Term Loans Line of Credit Alternate Base Rate, Prime, Federal Funds, or LIBOR [Member] Starz, LLC Maximum	Mar. 31, 2014 Revolving Credit Facility, Senior Secured, Term Loans Line of Credit London Interbank Offered Rate (LIBOR) Starz, LLC	Mar. 31, 2014 Revolving Credit Facility, Senior Secured, Term Loans Line of Credit London Interbank Offered Rate (LIBOR) Starz, LLC Minimum	Mar. 31, 2014 Revolving Credit Facility, Senior Secured, Term Loans Line of Credit London Interbank Offered Rate (LIBOR) Starz, LLC Maximum	Mar. 31, 2014 Credit Facility 1 [Member] Revolving Credit Facility, Senior Secured, Term Loans Line of Credit London Interbank Offered Rate (LIBOR) Starz, LLC	Mar. 31, 2014 Credit Facility 2 [Member] Revolving Credit Facility, Senior Secured, Term Loans Line of Credit London Interbank Offered Rate (LIBOR) Starz, LLC	Mar. 31, 2014 Credit Facility 3 [Member] Revolving Credit Facility, Senior Secured, Term Loans Line of Credit London Interbank Offered Rate (LIBOR) Starz, LLC	Mar. 31, 2014 Credit Facility 5 [Member] Revolving Credit Facility, Senior Secured, Term Loans Line of Credit Alternate Base Rate, Prime, Federal Funds, or LIBOR [Member] Starz, LLC
Debt Instrument [Line Items]
Debt Instrument, Unamortized Discount (Premium), Net								$ 2,900,000		$ 3,000,000
Debt	1,078,100,000		1,059,400,000					677,900,000	[1]	678,000,000	[1]		73,700,000	[2]	74,900,000	[2]	326,500,000	[3]	306,500,000	[3]											21,000,000	254,000,000	44,000,000	7,500,000
Debt, Current	(5,000,000)		(4,900,000)
Debt	1,073,100,000		1,054,500,000
Line of Credit Facility, Maximum Borrowing Capacity																					1,000,000,000			50,000,000
Line of Credit Facility, Remaining Borrowing Capacity	673,500,000
Debt Instrument, Basis Spread on Variable Rate, Alternate Base Rate Loans																									0.50%	0.50%	1.50%	1.00%
Debt Instrument, Interest Period Used to Determine Basis Spread on Variable Rate																												1 month
Debt Instrument, Basis Spread on Variable Rate																													1.50%	2.50%
Line of Credit Facility, Unused Capacity, Commitment Fee Percentage																						0.25%	0.50%
Debt Instrument, Interest Rate at Period End																															1.9045%	1.9044%	1.9043%	4.00%
Debt Instrument, Face Amount												675,000,000
Debt Instrument, Interest Rate, Stated Percentage												5.00%
Capital Leases, Period of Lease Agreement				10 years
Capital Leases, Successive Renewal Periods Available for Lease Agreement				5 years
Capital lease related to commercial lease with subsidiary of Liberty Media	0	44,800,000		44,800,000
Capital Lease Agreement, Imputed Annual Interest Rate					6.40%	5.50%	7.00%
Fair value of long-term debt								699,800,000
Interest Costs Capitalized	$ 900,000	$ 1,300,000

[1] Starz, LLC and Starz Finance Corp., a wholly-owned subsidiary, co-issued $675.0 million aggregate principal amount of 5.0% senior notes due September 15, 2019 (the “Senior Notes”). The Senior Notes bear interest at a rate of 5.0% payable semi-annually on September 15 and March 15 of each year and are guaranteed by Starz Entertainment.The Senior Notes contain certain covenants that include restrictions on, among others, incurring additional debt, paying dividends, entering into liens and guarantees, or making certain distributions, investments and other restricted payments. As of March 31, 2014, Starz, LLC was in compliance with all covenants under the Senior Notes.

[2] On January 11, 2013, Starz, LLC entered into a commercial lease with a subsidiary of Liberty Media for its headquarters building. The term of the lease is ten years, with successive five-year renewal periods at the option of Starz, LLC. Starz, LLC has recorded a $44.8 million capital lease in connection with this lease agreement with an imputed annual interest rate of 6.4%.Starz Entertainment has entered into capital lease agreements for its transponder capacity. The agreements expire during 2018 to 2021 and have imputed annual interest rates ranging from 5.5% to 7.0%.

[3] Starz, LLC has entered into a credit agreement that provides for a $1,000.0 million senior secured revolving credit facility, with a $50.0 million sub-limit for standby letters of credit (“Revolving Credit Facility”) which matures on November 16, 2016. As of March 31, 2014, $673.5 million of borrowing capacity was available under the Revolving Credit Facility. Interest on each loan under the Revolving Credit Facility is payable at either an alternate base rate or LIBOR at Starz, LLC’s election. Borrowings that are alternate base rate loans bear interest at a per annum rate equal to the alternate base rate plus a margin that varies between 0.5% and 1.5% depending on the consolidated leverage ratio, as defined in the credit agreement. The alternate base rate is the highest of (a) the Prime Rate, (b) the Federal Funds Effective Rate plus ½ of 1.0% or (c) LIBOR for a one-month interest period plus 1.0%. Borrowings that are LIBOR loans bear interest at a per annum rate equal to the applicable LIBOR plus a margin that varies between 1.5% and 2.5% depending on the consolidated leverage ratio. The credit agreement requires Starz, LLC to pay a commitment fee on any unused portion under the Revolving Credit Facility. The commitment fee varies between 0.25% and 0.50%, depending on the consolidated leverage ratio.As of March 31, 2014, the following borrowings and related LIBOR or alternate base rate interest rates were outstanding under the Revolving Credit Facility (dollars in millions): LIBOR or alternate base rate period:Interest Rate Loan AmountMarch 2014 to April 20141.9045% $21.0March 2014 to April 20141.9044% 254.0March 2014 to April 20141.9043% 44.0March 2014 and forward4.0000% 7.5 $326.5The credit agreement contains certain covenants that include restrictions on, among others, incurring additional debt, paying dividends, entering into liens or guarantees, or making certain distributions, investments and other restricted payments. In addition, Starz, LLC must comply with certain financial covenants, including a consolidated leverage ratio, as defined in the agreement. As of March 31, 2014, Starz, LLC was in compliance with all covenants under the credit agreement.

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Consolidated Statements of Equity - Member’s Interest and Noncontrolling Interests (USD $) In Millions, unless otherwise specified	Total	Member’s Interest	Noncontrolling Interests
Balance at Dec. 31, 2013	$ 54.7	$ 61.9	$ (7.2)
Increase (Decrease) in Member's Interest and Noncontrolling Interests [Roll Forward]
Net income	66.8	64.9	1.9
Other comprehensive loss	(0.2)	(0.2)	0
Stock compensation	8.6	8.6	0
Contributions from parent related to exercise of stock options	0.7	0.7
Minimum withholding of taxes related to stock compensation	(5.7)	(5.7)
Excess tax benefit from stock compensation	4.4	4.4
Distributions to parent related to repurchases of common stock	(66.0)	(66.0)
Balance at Mar. 31, 2014	$ 63.3	$ 68.6	$ (5.3)

XML

Consolidated Balance Sheets (Parenthetical) (USD $) In Millions, unless otherwise specified	Mar. 31, 2014	Dec. 31, 2013
Statement of Financial Position [Abstract]
Allowances for trade accounts receivable	$ 32.1	$ 32.8
Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment	$ 110.7	$ 106.4

XML

Basis of Presentation and Description of Business Basis of Presentation and Description of Business (Policies)

3 Months Ended

Mar. 31, 2014

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Use of Estimates, Policy [Policy Text Block]

Use of Estimates

The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the amounts reported in the condensed consolidated financial statements and accompanying notes. Starz, LLC considers amortization of program rights, the fair value of goodwill and any related impairment, the development of ultimate revenue estimates associated with released films and television programs, the assessment of investment in films and television programs for impairment and allowances for sales returns to be its most significant estimates. Actual results may differ from those estimates.

Comparability of Prior Year Financial Data, Policy [Policy Text Block]

Prior Period Reclassifications

Certain prior period amounts have been reclassified for comparability with the 2014 presentation.

XML

Document and Entity Information	3 Months Ended
	Mar. 31, 2014
Document and Entity Information [Abstract]
Entity Registrant Name	Starz, LLC
Entity Central Index Key	0001559270
Current Fiscal Year End Date	--12-31
Entity Filer Category	Non-accelerated Filer
Entity Common Stock, Shares Outstanding	0
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Mar. 31, 2014
Document Fiscal Year Focus	2014
Document Fiscal Period Focus	Q1

XML

Debt (Tables)

3 Months Ended

Mar. 31, 2014

Debt Disclosure [Abstract]

Schedule of Debt

Debt consists of the following (in millions):

	March 31, 2014			December 31, 2013
Revolving Credit Facility (a)	$	326.5		$	306.5
Senior Notes, including premium of $2.9 and $3.0 (b)	677.9			678.0
Capital leases (c)	73.7			74.9
Total debt	1,078.1			1,059.4
Less current portion of debt	(5.0		)	(4.9		)
Debt	$	1,073.1		$	1,054.5

(a) Starz, LLC has entered into a credit agreement that provides for a $1,000.0 million senior secured revolving credit facility, with a $50.0 million sub-limit for standby letters of credit (“Revolving Credit Facility”) which matures on November 16, 2016. As of March 31, 2014, $673.5 million of borrowing capacity was available under the Revolving Credit Facility.

Interest on each loan under the Revolving Credit Facility is payable at either an alternate base rate or LIBOR at Starz, LLC’s election. Borrowings that are alternate base rate loans bear interest at a per annum rate equal to the alternate base rate plus a margin that varies between 0.5% and 1.5% depending on the consolidated leverage ratio, as defined in the credit agreement. The alternate base rate is the highest of (a) the Prime Rate, (b) the Federal Funds Effective Rate plus ½ of 1.0% or (c) LIBOR for a one-month interest period plus 1.0%. Borrowings that are LIBOR loans bear interest at a per annum rate equal to the applicable LIBOR plus a margin that varies between 1.5% and 2.5% depending on the consolidated leverage ratio. The credit agreement requires Starz, LLC to pay a commitment fee on any unused portion under the Revolving Credit Facility. The commitment fee varies between 0.25% and 0.50%, depending on the consolidated leverage ratio.

As of March 31, 2014, the following borrowings and related LIBOR or alternate base rate interest rates were outstanding under the Revolving Credit Facility (dollars in millions):

LIBOR or alternate base rate period:	Interest Rate	Loan Amount
March 2014 to April 2014	1.9045%	$	21.0
March 2014 to April 2014	1.9044%	254.0
March 2014 to April 2014	1.9043%	44.0
March 2014 and forward	4.0000%	7.5
		$	326.5

The credit agreement contains certain covenants that include restrictions on, among others, incurring additional debt, paying dividends, entering into liens or guarantees, or making certain distributions, investments and other restricted payments. In addition, Starz, LLC must comply with certain financial covenants, including a consolidated leverage ratio, as defined in the agreement. As of March 31, 2014, Starz, LLC was in compliance with all covenants under the credit agreement.

(b) Starz, LLC and Starz Finance Corp., a wholly-owned subsidiary, co-issued $675.0 million aggregate principal amount of 5.0% senior notes due September 15, 2019 (the “Senior Notes”). The Senior Notes bear interest at a rate of 5.0% payable semi-annually on September 15 and March 15 of each year and are guaranteed by Starz Entertainment.

The Senior Notes contain certain covenants that include restrictions on, among others, incurring additional debt, paying dividends, entering into liens and guarantees, or making certain distributions, investments and other restricted payments. As of March 31, 2014, Starz, LLC was in compliance with all covenants under the Senior Notes.

(c) On January 11, 2013, Starz, LLC entered into a commercial lease with a subsidiary of Liberty Media for its headquarters building. The term of the lease is ten years, with successive five-year renewal periods at the option of Starz, LLC. Starz, LLC has recorded a $44.8 million capital lease in connection with this lease agreement with an imputed annual interest rate of 6.4%.

Starz Entertainment has entered into capital lease agreements for its transponder capacity. The agreements expire during 2018 to 2021 and have imputed annual interest rates ranging from 5.5% to 7.0%.

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Consolidated Statements of Operations (USD $) In Millions, unless otherwise specified	3 Months Ended
	Mar. 31, 2014	Mar. 31, 2013
Revenue:
Programming networks and other services	$ 363.3	$ 349.5
Home video net sales	56.7	49.8
Total revenue	420.0	399.3
Costs and expenses:
Programming (including amortization) (Note 6)	156.2	146.0
Production and acquisition (including amortization) (Note 4)	40.9	39.8
Home video cost of sales	13.0	15.1
Operating	14.0	12.7
Selling, general and administrative	69.7	69.2
Stock compensation (Note 3)	7.8	7.3
Depreciation and amortization	4.9	4.4
Total costs and expenses	306.5	294.5
Operating income	113.5	104.8
Other income (expense):
Interest expense, net of amounts capitalized (Note 2)	(11.5)	(10.2)
Other income (expense), net	0.5	(1.5)
Income before income taxes	102.5	93.1
Income tax expense (Note 5)	(35.7)	(34.9)
Net income	66.8	58.2
Net income attributable to noncontrolling interests	(1.9)	(0.3)
Net income attributable to member	$ 64.9	$ 57.9

XML

Income Taxes

3 Months Ended

Mar. 31, 2014

Income Tax Disclosure [Abstract]

Income Taxes

Income Taxes

The income tax provision for the three months endedMarch 31, 2014 is calculated by estimating Starz, LLC’s annual effective tax rate and then applying the effective tax rate to income before income taxes for the period, plus or minus the tax effects of items that relate discretely to the period, if any. For the three months endedMarch 31, 2014, income tax expense differs from the amounts computed by applying the U.S. federal income tax rate of 35% due to a benefit from Internal Revenue Code Section 199, which allows U.S. taxpayers a deduction for qualified domestic production activities.  In addition, income tax expense differs due to state and local taxes for both the three months endedMarch 31, 2014 and 2013.

XML

Related Party Transactions

3 Months Ended

Mar. 31, 2014

Related Party Transactions [Abstract]

Related Party Transactions

Related Party Transactions

In December 2010, Anchor Bay Entertainment entered into a five-year license agreement with Weinstein for the distribution, by the Home Video and Digital Media businesses, of certain of Weinstein’s theatrical releases. Starz, LLC recognized expense of $26.1 million and $17.0 million, which is included in production and acquisition costs in the accompanying condensed consolidated statements of operations, for Weinstein’s share of the net proceeds under the license agreement for the three months endedMarch 31, 2014 and 2013, respectively. Amounts due to Weinstein totaled $74.8 million and $75.9 million, which is included in accrued liabilities in the accompanying condensed consolidated balance sheets, at March 31, 2014 and December 31, 2013, respectively. Starz Entertainment guarantees Anchor Bay Entertainment’s advance payments to Weinstein under this agreement up to $50.0 million.

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Basis of Presentation and Description of Business (Details)	3 Months Ended
	Mar. 31, 2014
LMC Spin-Off [Line Items]
Number of linear networks containing programming	17
Starz Media [Member]
LMC Spin-Off [Line Items]
Subsidiary or Equity Method Investee, Cumulative Percentage Ownership after All Transactions	75.00%
Weinstein [Member]
LMC Spin-Off [Line Items]
Noncontrolling Interest, Ownership Percentage by Noncontrolling Owners	25.00%

XML

Stock Options and Restricted Stock (Tables)

3 Months Ended

Mar. 31, 2014

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Schedule of Share-based Compensation, Restricted Stock Units Award Activity [Table Text Block]

The following table presents the number and weighted-average grant date fair value of restricted stock grants:

	Restricted Stock		Weighted Average Grant-Date Fair Value
Outstanding at December 31, 2013	579,135		$	22.86
Granted	2,730		$	32.66
Vested	(115,971	)	$	18.74
Forfeited	—		$	—
Outstanding at March 31, 2014	465,894		$	23.91

Schedule of Share-based Compensation, Stock Options, Activity

	Options		WAEP
Outstanding at December 31, 2013	15,479,560		$	15.94
Granted	—		$	—
Exercised	(854,520	)	$	12.13
Forfeited	(91,492	)	$	16.46
Expired/canceled	—		$	—
Outstanding at March 31, 2014	14,533,548		$	16.16
Exercisable at March 31, 2014	4,341,661		$	13.25

XML

Information about Operating Segments

3 Months Ended

Mar. 31, 2014

Segment Reporting [Abstract]

Information about Operating Segments

Information about Operating Segments

Starz, LLC is primarily engaged in video programming and development, production, acquisition and distribution of entertainment content. Starz, LLC evaluates performance and makes decisions about allocating resources to its operating segments based on financial measures such as Adjusted OIBDA. Adjusted OIBDA is defined as revenue less programming costs, production and acquisition costs, home video cost of sales, operating expenses and selling, general and administrative expenses. Starz, LLC’s chief operating decision maker uses this measure of performance in conjunction with other measures to evaluate the operating segments’ performance and make decisions about allocating resources among the operating segments. Starz, LLC believes Adjusted OIBDA is an important indicator of the operational strength and performance of its operating segments, including each operating segment’s ability to assist Starz, LLC in servicing its debt and to fund investments in films and television programs. In addition, this measure allows management to view operating results and perform analytical comparisons and benchmarking between operating segments and identify strategies to improve performance. This measure of performance excludes stock compensation and depreciation and amortization that are included in the measurement of operating income pursuant to GAAP. Accordingly, Adjusted OIBDA should be considered in addition to, but not as a substitute for, operating income, income before income taxes, net income, net cash provided by operating activities and other measures of financial performance prepared in accordance with GAAP.

The following table provides a reconciliation of Adjusted OIBDA to income before income taxes (in millions):

	Three Months Ended March 31,
	2014			2013
Consolidated Adjusted OIBDA	$	126.2		$	116.5
Stock compensation	(7.8		)	(7.3		)
Depreciation and amortization	(4.9		)	(4.4		)
Interest expense, net of amounts capitalized	(11.5		)	(10.2		)
Other income (expense), net	0.5			(1.5		)
Income before income taxes	$	102.5		$	93.1

Starz, LLC’s reportable segments are strategic business units that offer different services. They are managed separately because each segment requires different technologies, content delivery methods and marketing strategies. Starz, LLC identifies its reportable segments as those operating segments that represent 10% or more of its consolidated annual revenue, annual Adjusted OIBDA or total assets. Starz Networks and Starz Distribution have been identified as reportable segments; however, as Starz, LLC has three operating segments, Starz Animation is also reported. Starz, LLC generally accounts for intersegment sales and transfers as if the sales or transfers were to third parties, that is, at current prices.

Performance Measures (in millions):

	Three Months Ended March 31,
	2014			2013
Revenue:
Starz Networks	$	324.0		$	315.8
Starz Distribution	87.3			76.2
Starz Animation	8.9			7.5
Inter-segment eliminations	(0.2		)	(0.2		)
Total Revenue	$	420.0		$	399.3
Adjusted OIBDA:
Starz Networks	$	114.0		$	114.4
Starz Distribution	12.7			2.6
Starz Animation	(0.6		)	(0.6		)
Inter-segment eliminations	0.1			0.1
Total Adjusted OIBDA	$	126.2		$	116.5

Other Information (in millions):

	Three Months Ended March 31,
	2014			2013
Cash paid for investment in films and television programs:
Starz Networks	$	55.5		$	29.2
Starz Distribution	24.0			24.4
Starz Animation	—			—
Inter-segment eliminations	—			—
Total cash paid for investment in films and television programs	$	79.5		$	53.6
	March 31, 2014			December 31, 2013
Total assets:
Starz Networks	$	1,335.0		$	1,197.7
Starz Distribution	188.5			188.8
Starz Animation	3.4			2.8
Other unallocated assets (primarily cash, deferred taxes and other assets, including a commercial lease with subsidiary of Liberty Media)	77.6			99.2
Inter-segment eliminations	(44.6		)	(38.5		)
Total assets	$	1,559.9		$	1,450.0

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Commitments and Contingencies

3 Months Ended

Mar. 31, 2014

Commitments and Contingencies Disclosure [Abstract]

Commitments and Contingencies

Commitments and Contingencies

Programming Rights

Starz has an exclusive multi-year output licensing agreement for qualifying films that are released theatrically in the U.S. by Sony Pictures Entertainment Inc.’s (“Sony”) Columbia Pictures, Screen Gems, Sony Pictures Classics, Sony Pictures Animation and TriStar labels through 2021, subject to certain limitations, including Sony’s right to withhold films released by Sony Pictures Animation. In addition, Starz has an exclusive long-term licensing agreement for theatrically released films from the Walt Disney Company (“Disney”) through 2015. The agreement provides Starz with exclusive pay TV rights to exhibit qualifying theatrically released live-action and animated feature films under the Disney, Touchstone, Pixar and Marvel labels. Theatrically released films produced by DreamWorks are not licensed to Starz under the Disney agreement. The programming fees to be paid to Sony and Disney are based on the quantity and domestic theatrical exhibition receipts of qualifying films. Starz has also entered into agreements with a number of other motion picture producers and is obligated to pay fees for the rights to exhibit certain films that are released by these producers.

The unpaid balance for program rights related to films that were available for exhibition at March 31, 2014 is reflected in accrued liabilities and in other liabilities in the accompanying condensed consolidated balance sheets. As of March 31, 2014, such liabilities aggregated approximately $148.8 million and are payable as follows: $136.9 million in 2014, $11.8 million in 2015 and $0.1 million in 2016.

Under the agreements with Sony and Disney, Starz, LLC is obligated to pay fees for the rights to exhibit films that have been released theatrically, but are not available for exhibition until some future date. The estimated amounts payable under Starz, LLC’s programming license agreements, including the Sony and Disney agreements, which have not been accrued as of March 31, 2014, are as follows: $166.3 million in 2014; $228.5 million in 2015; $102.1 million in 2016; $96.7 million in 2017; $91.0 million in 2018 and $206.4 million thereafter.

Starz, LLC is also obligated to pay fees for films that have not yet been released in theaters by Sony and Disney. Starz, LLC is unable to estimate the amounts to be paid under these agreements for films that have not yet been released; however, such amounts are expected to be significant.

Total amortization of program rights was $146.3 million and $135.5 million for the three months endedMarch 31, 2014 and 2013, respectively. These amounts are included in programming costs in the accompanying condensed consolidated statements of operations.

Legal Proceedings

In the normal course of business, Starz, LLC is subject to lawsuits and other claims. While it is not possible to predict the outcome of these matters, it is the opinion of management, based upon consultation with legal counsel, that the ultimate disposition of known proceedings will not have a material adverse impact on Starz, LLC’s consolidated financial position, results of operations or liquidity.

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Other Information

3 Months Ended

Mar. 31, 2014

Other Information [Abstract]

Other Information

Other Information

Accrued Liabilities

Accrued liabilities consist of the following (in millions):

	March 31, 2014		December 31, 2013
Royalties, residuals and participations	$	70.0	$	81.4
Participations payable to Weinstein	74.8		75.9
Program rights payable	141.0		32.2
Advertising and marketing	39.6		41.6
Payroll and related costs	16.0		28.7
Other	34.4		38.0
	$	375.8	$	297.8

Supplemental Disclosure of Cash Flow Information

The following table presents the supplemental disclosure of cash flow information (in millions):

	Three Months Ended March 31,
	2014		2013
Cash paid for interest, net of amounts capitalized	$	19.4	$	19.1
Cash paid for income taxes	$	2.6	$	16.5
Distribution of corporate office building to Old LMC	$	—	$	45.7
Capital lease related to commercial lease with subsidiary of Liberty Media	$	—	$	44.8
Tax attributes related to LMC Spin-Off	$	—	$	11.6

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Supplemental Guarantor Condensed Consolidating Financial Information

3 Months Ended

Mar. 31, 2014

Condensed Financial Information of Parent Company Only Disclosure [Abstract]

Supplemental Guarantor Condensed Consolidating Financial Information

Supplemental Guarantor Condensed Consolidating Financial Information

As discussed in Note 2, Starz, LLC and Starz Finance Corp. co-issued the Senior Notes which are fully and unconditionally guaranteed by Starz Entertainment. Starz Media, Film Roman and other immaterial subsidiaries of Starz, LLC (“Starz Media and Other Businesses”) are not guarantors of the Senior Notes.

The following tables set forth the consolidating financial information of Starz, LLC, which includes the financial information of Starz Entertainment, the guarantor:

Consolidating Balance Sheet Information – As of March 31, 2014
(in millions)
	Starz Entertainment, LLC (Guarantor)						Starz Media and Other Businesses (Non-Guarantors)
				Starz, LLC Parent Only (Co-Issuer)						Eliminations			Consolidated Starz, LLC
Assets
Current assets:
Cash and cash equivalents	$	12.2		$	0.4		$	5.3		$	—		$	17.9
Restricted cash	—			—			32.7			—			32.7
Trade accounts receivable, net	211.3			—			48.7			(0.1		)	259.9
Program rights, net	370.6			—			—			(1.3		)	369.3
Deferred income taxes	0.2			0.3			—			—			0.5
Notes receivable from affiliates	25.3			—			—			(25.3		)	—
Other current assets	29.8			0.9			14.5			—			45.2
Total current assets	649.4			1.6			101.2			(26.7		)	725.5
Program rights	367.7			—			—			(5.8		)	361.9
Investment in films and television programs, net	116.1			—			71.2			—			187.3
Property and equipment, net	49.1			43.0			0.6			—			92.7
Deferred income taxes	—			20.6			—			—			20.6
Goodwill	131.8			—			—			—			131.8
Other assets, net	20.9			12.1			19.2			(12.1		)	40.1
Investment in consolidated subsidiaries	—			1,559.3			—			(1,559.3		)	—
Total assets	$	1,335.0		$	1,636.6		$	192.2		$	(1,603.9	)	$	1,559.9
Liabilities and Member’s Interest (Deficit) and Noncontrolling Interests
Current liabilities:
Current portion of debt	$	4.5		$	0.5		$	—		$	—		$	5.0
Trade accounts payable	5.5			—			2.3			—			7.8
Accrued liabilities	207.7			15.1			155.4			(2.4		)	375.8
Notes payable due to affiliate	—			—			25.3			(25.3		)	—
Due to (from) affiliates	(528.2		)	526.3			1.9			—			—
Deferred revenue	0.6			—			21.5			—			22.1
Total current liabilities	(309.9		)	541.9			206.4			(27.7		)	410.7
Debt	1,029.5			1,048.0			—			(1,004.4		)	1,073.1
Deferred income taxes	10.0			(16.6		)	—			6.6			—
Other liabilities	9.7			—			8.4			(5.3		)	12.8
Total liabilities	739.3			1,573.3			214.8			(1,030.8		)	1,496.6
Member’s interest (deficit)	595.7			68.6			(22.5		)	(573.2		)	68.6
Noncontrolling interests in subsidiaries	—			(5.3		)	(0.1		)	0.1			(5.3		)
Total member’s interest (deficit) and noncontrolling interests	595.7			63.3			(22.6		)	(573.1		)	63.3
Total liabilities and member’s interest (deficit) and noncontrolling interests	$	1,335.0		$	1,636.6		$	192.2		$	(1,603.9	)	$	1,559.9

Consolidating Balance Sheet Information – As of December 31, 2013
(in millions)
	Starz Entertainment, LLC (Guarantor)						Starz Media and Other Businesses (Non-Guarantors)
				Starz, LLC Parent Only (Co-Issuer)						Eliminations			Consolidated Starz, LLC
Assets
Current assets:
Cash and cash equivalents	$	20.8		$	0.4		$	4.5		$	—		$	25.7
Restricted cash	—			—			30.1			—			30.1
Trade accounts receivable, net	208.1			—			39.8			(0.8		)	247.1
Program rights, net	273.3			—			—			(1.5		)	271.8
Deferred income taxes	0.2			0.3			—			—			0.5
Notes receivable from affiliates	17.7			—			—			(17.7		)	—
Other current assets	24.0			23.8			16.0			—			63.8
Total current assets	544.1			24.5			90.4			(20.0		)	639.0
Program rights	338.9			—			—			(5.7		)	333.2
Investment in films and television programs, net	114.3			—			80.3			—			194.6
Property and equipment, net	51.6			43.3			0.8			—			95.7
Deferred income taxes	—			18.5			—			—			18.5
Goodwill	131.8			—			—			—			131.8
Other assets, net	17.0			12.9			20.2			(12.9		)	37.2
Investment in consolidated subsidiaries	—			1,471.6			—			(1,471.6		)	—
Total assets	$	1,197.7		$	1,570.8		$	191.7		$	(1,510.2	)	$	1,450.0
Liabilities and Member’s Interest (Deficit) and Noncontrolling Interests
Current liabilities:
Current portion of debt	$	4.4		$	0.5		$	—		$	—		$	4.9
Trade accounts payable	6.1			—			1.2			—			7.3
Accrued liabilities	113.6			19.2			176.5			(11.5		)	297.8
Notes payable due to affiliate	—			—			17.7			(17.7		)	—
Due to (from) affiliates	(491.3		)	490.1			1.2			—			—
Deferred revenue	0.6			—			16.0			—			16.6
Total current liabilities	(366.6		)	509.8			212.6			(29.2		)	326.6
Debt	1,010.8			1,028.3			—			(984.6		)	1,054.5
Deferred income taxes	14.9			(22.0		)	—			7.1			—
Other liabilities	11.0			—			8.6			(5.4		)	14.2
Total liabilities	670.1			1,516.1			221.2			(1,012.1		)	1,395.3
Member’s interest (deficit)	527.6			61.9			(29.4		)	(498.2		)	61.9
Noncontrolling interests in subsidiaries	—			(7.2		)	(0.1		)	0.1			(7.2		)
Total member’s interest (deficit) and noncontrolling interests	527.6			54.7			(29.5		)	(498.1		)	54.7
Total liabilities and member’s interest (deficit) and noncontrolling interests	$	1,197.7		$	1,570.8		$	191.7		$	(1,510.2	)	$	1,450.0

Consolidating Statement of Operations Information – For the Three Months Ended March 31, 2014
(in millions)
	Starz Entertainment, LLC (Guarantor)						Starz Media and Other Businesses (Non-Guarantors)
				Starz, LLC Parent Only (Co-Issuer)						Eliminations			Consolidated Starz, LLC
Revenue:
Programming networks and other services	$	334.5		$	—		$	31.1		$	(2.3	)	$	363.3
Home video net sales	3.9			—			53.6			(0.8		)	56.7
Total revenue	338.4			—			84.7			(3.1		)	420.0
Costs and expenses:
Programming (including amortization)	156.6			—			—			(0.4		)	156.2
Production and acquisition (including amortization)	5.9			—			35.0			—			40.9
Home video cost of sales	2.7			—			11.1			(0.8		)	13.0
Operating	6.5			—			9.6			(2.1		)	14.0
Selling, general and administrative	49.7			1.3			18.7			—			69.7
Stock compensation	6.8			0.4			0.6			—			7.8
Depreciation and amortization	3.8			0.3			0.8			—			4.9
Total costs and expenses	232.0			2.0			75.8			(3.3		)	306.5
Operating income (loss)	106.4			(2.0		)	8.9			0.2			113.5
Other income (expense):
Interest expense, net of amounts capitalized	(10.8		)	(11.9		)	—			11.2			(11.5		)
Interest income (expense), related party	0.2			—			(0.2		)	—			—
Other income (expense), net	0.4			—			0.1			—			0.5
Income (loss) before income taxes and share of earnings of consolidated subsidiaries	96.2			(13.9		)	8.8			11.4			102.5
Income tax benefit (expense)	(33.1		)	3.2			(1.8		)	(4.0		)	(35.7		)
Share of earnings of consolidated subsidiaries, net of taxes	—			77.5			—			(77.5		)	—
Net income	63.1			66.8			7.0			(70.1		)	66.8
Net income attributable to noncontrolling interests	—			(1.9		)	—			—			(1.9		)
Net income attributable to member	$	63.1		$	64.9		$	7.0		$	(70.1	)	$	64.9

Consolidating Statement of Comprehensive Income Information – For the Three Months Ended March 31, 2014
(in millions)
	Starz Entertainment, LLC (Guarantor)					Starz Media and Other Businesses (Non-Guarantors)
			Starz, LLC Parent Only (Co-Issuer)						Eliminations			Consolidated Starz, LLC
Net income	$	63.1	$	66.8		$	7.0		$	(70.1	)	$	66.8
Other comprehensive loss, net of taxes -
Foreign currency translation adjustments	—		(0.2		)	(0.2		)	0.2			(0.2		)
Comprehensive income	63.1		66.6			6.8			(69.9		)	66.6
Comprehensive income attributable to noncontrolling interests	—		(1.9		)	—			—			(1.9		)
Comprehensive income attributable to member	$	63.1	$	64.7		$	6.8		$	(69.9	)	$	64.7

Consolidating Statement of Operations Information – For the Three Months Ended March 31, 2013
(in millions)
	Starz Entertainment, LLC (Guarantor)						Starz Media and Other Businesses (Non-Guarantors)
				Starz, LLC Parent Only (Co-Issuer)						Eliminations			Consolidated Starz, LLC
Revenue:
Programming networks and other services	$	324.1		$	—		$	27.3		$	(1.9	)	$	349.5
Home video net sales	5.9			—			45.1			(1.2		)	49.8
Total revenue	330.0			—			72.4			(3.1		)	399.3
Costs and expenses:
Programming (including amortization)	146.3			—			—			(0.3		)	146.0
Production and acquisition (including amortization)	6.4			—			33.4			—			39.8
Home video cost of sales	3.8			—			12.5			(1.2		)	15.1
Operating	5.8			—			8.5			(1.6		)	12.7
Selling, general and administrative	52.8			1.3			15.1			—			69.2
Stock compensation	6.3			0.6			0.4			—			7.3
Depreciation and amortization	3.3			0.3			0.8			—			4.4
Total costs and expenses	224.7			2.2			70.7			(3.1		)	294.5
Operating income (loss)	105.3			(2.2		)	1.7			—			104.8
Other income (expense):
Interest expense, net of amounts capitalized	(9.6		)	(10.9		)	—			10.3			(10.2		)
Interest income (expense), related party	0.5			—			(0.5		)	—			—
Other income (expense), net	(1.7		)	—			(1.3		)	1.5			(1.5		)
Income (loss) before income taxes and share of earnings of consolidated subsidiaries	94.5			(13.1		)	(0.1		)	11.8			93.1
Income tax benefit (expense)	(34.4		)	4.4			(0.5		)	(4.4		)	(34.9		)
Share of earnings of consolidated subsidiaries, net of taxes	—			66.9			—			(66.9		)	—
Net income (loss)	60.1			58.2			(0.6		)	(59.5		)	58.2
Net income attributable to noncontrolling interests	—			(0.3		)	—			—			(0.3		)
Net income (loss) attributable to member	$	60.1		$	57.9		$	(0.6	)	$	(59.5	)	$	57.9

Consolidating Statement of Comprehensive Income (Loss) Information – For the Three Months Ended March 31, 2013
(in millions)
	Starz Entertainment, LLC (Guarantor)					Starz Media and Other Businesses (Non-Guarantors)
			Starz, LLC Parent Only (Co-Issuer)						Eliminations			Consolidated Starz, LLC
Net income (loss)	$	60.1	$	58.2		$	(0.6	)	$	(59.5	)	$	58.2
Other comprehensive income, net of taxes -
Foreign currency translation adjustments	—		0.1			—			—			0.1
Comprehensive income (loss)	60.1		58.3			(0.6		)	(59.5		)	58.3
Comprehensive income attributable to noncontrolling interests	—		(0.3		)	—			—			(0.3		)
Comprehensive income (loss) attributable to member	$	60.1	$	58.0		$	(0.6	)	$	(59.5	)	$	58.0

Consolidating Statement of Cash Flows’ Information – For the Three Months Ended March 31, 2014
(in millions)
	Starz Entertainment, LLC (Guarantor)						Starz Media and Other Businesses (Non-Guarantors)
				Starz, LLC Parent Only (Co-Issuer)						Eliminations			Consolidated Starz, LLC
Operating activities:
Net income	$	63.1		$	66.8		$	7.0		$	(70.1	)	$	66.8
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Depreciation and amortization	3.8			0.3			0.8			—			4.9
Amortization of program rights	146.7			—			—			(0.4		)	146.3
Program rights payments	(113.5		)	—			—			0.9			(112.6		)
Amortization of investment in films and television programs	5.8			—			30.4			—			36.2
Investment in films and television programs	(57.0		)	—			(22.5		)	—			(79.5		)
Stock compensation	6.8			0.4			0.6			—			7.8
Share of earnings of consolidated subsidiaries	—			(77.5		)	—			77.5			—
Deferred income taxes	(4.9		)	3.3			—			(0.5		)	(2.1		)
Other non-cash items	0.7			0.6			0.2			(0.6		)	0.9
Changes in assets and liabilities:
Current and other assets	(13.9		)	23.0			(9.9		)	(0.7		)	(1.5		)
Due to / from affiliates	8.4			(9.1		)	0.7			—			—
Payables and other liabilities	1.6			(7.7		)	(13.7		)	(6.1		)	(25.9		)
Net cash provided by (used in) operating activities	47.6			0.1			(6.4		)	—			41.3
Investing activities – purchases of property and equipment	(1.3		)	—			—			—			(1.3		)
Financing activities:
Borrowings of debt	—			84.0			—			—			84.0
Payments of debt	(1.1		)	(64.1		)	—			—			(65.2		)
Borrowings under notes payable to affiliate	(25.2		)	—			25.2			—			—
Repayments under notes payable to affiliate	17.6			—			(17.6		)	—			—
Net advances to / from affiliate	(45.3		)	45.3			—			—			—
Contribution from parent related to exercise of stock options	—			0.7			—			—			0.7
Minimum withholding of taxes related to stock compensation	(5.3		)	—			(0.4		)	—			(5.7		)
Excess tax benefit from stock compensation	4.4			—			—			—			4.4
Distributions to parent for repurchase of common stock	—			(66.0		)	—			—			(66.0		)
Net cash provided by (used in) financing activities	(54.9		)	(0.1		)	7.2			—			(47.8		)
Net increase (decrease) in cash and cash equivalents	(8.6		)	—			0.8			—			(7.8		)
Cash and cash equivalents:
Beginning of period	20.8			0.4			4.5			—			25.7
End of period	$	12.2		$	0.4		$	5.3		$	—		$	17.9
Supplemental disclosure of cash flow information:
Cash paid for interest, net of amounts capitalized	$	(0.6	)	$	19.8		$	0.2		$	—		$	19.4
Cash paid for income taxes	$	2.3		$	—		$	0.3		$	—		$	2.6

Consolidating Statement of Cash Flows’ Information – For the Three Months Ended March 31, 2013
(in millions)
	Starz Entertainment, LLC (Guarantor)						Starz Media and Other Businesses (Non-Guarantors)
				Starz, LLC Parent Only (Co-Issuer)						Eliminations			Consolidated Starz, LLC
Operating activities:
Net income (loss)	$	60.1		$	58.2		$	(0.6	)	$	(59.5	)	$	58.2
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
Depreciation and amortization	3.3			0.3			0.8			—			4.4
Amortization of program rights	135.9			—			—			(0.4		)	135.5
Program rights payments	(109.4		)	—			—			0.2			(109.2		)
Amortization of investment in films and television programs	5.8			—			21.6			—			27.4
Investment in films and television programs	(29.2		)	—			(24.4		)	—			(53.6		)
Stock compensation	6.3			0.6			0.4			—			7.3
Payments of long term incentive plan	(2.4		)	—			—			—			(2.4		)
Share of earnings of consolidated subsidiaries	—			(66.9		)	—			66.9			—
Deferred income taxes	17.9			(0.1		)	—			0.1			17.9
Other non-cash items	1.3			0.6			(3.9		)	(0.6		)	(2.6		)
Changes in assets and liabilities:
Current and other assets	(6.2		)	(0.6		)	(11.4		)	—			(18.2		)
Due to / from affiliates	(55.6		)	22.6			(6.5		)	—			(39.5		)
Payables and other liabilities	43.8			(10.5		)	14.9			(6.7		)	41.5
Net cash provided by (used in) operating activities	71.6			4.2			(9.1		)	—			66.7
Investing activities – purchases of property and equipment	(0.6		)	—			(0.1		)	—			(0.7		)
Financing activities:
Borrowings of debt	—			923.5			—			—			923.5
Payments of debt	(1.0		)	(515.1		)	—			—			(516.1		)
Debt issuance costs	—			(2.1		)	—			—			(2.1		)
Borrowings under notes payable to affiliate	(10.4		)	—			10.4			—			—
Repayments under notes payable to affiliate	8.8			—			(8.8		)	—			—
Net advances to / from affiliate	(191.9		)	191.9			—			—			—
Minimum withholding of taxes related to stock compensation	(0.7		)	—			—			—			(0.7		)
Excess tax benefit from stock compensation	0.4			—			—			—			0.4
Distributions to parent for repurchase of common stock	—			(2.9		)	—			—			(2.9		)
Distributions to parent	(600.0		)	600.0			—			—			—
Distributions to Old LMC	—			(1,200.0		)	—			—			(1,200.0		)
Net cash provided by (used in) financing activities	(794.8		)	(4.7		)	1.6			—			(797.9		)
Net decrease in cash and cash equivalents	(723.8		)	(0.5		)	(7.6		)	—			(731.9		)
Cash and cash equivalents:
Beginning of period	735.5			0.9			13.4			—			749.8
End of period	$	11.7		$	0.4		$	5.8		$	—		$	17.9
Supplemental disclosure of cash flow information:
Cash paid for interest, net of amounts capitalized	$	(1.3	)	$	19.8		$	0.6		$	—		$	19.1
Cash paid for income taxes	$	15.8		$	0.9		$	(0.2	)	$	—		$	16.5
Distribution of corporate office building to Old LMC	$	45.7		$	—		$	—		$	—		$	45.7
Capital lease related to commercial lease with a subsidiary of Liberty Media	$	—		$	44.8		$	—		$	—		$	44.8
Tax attributes related to LMC Spin-Off	$	—		$	11.6		$	—		$	—		$	11.6

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Supplemental Guarantor Condensed Consolidating Financial Information - Balance Sheets (Details) (USD $) In Millions, unless otherwise specified	Mar. 31, 2014	Dec. 31, 2013	Mar. 31, 2013	Dec. 31, 2012
Current assets:
Cash and cash equivalents	$ 17.9	$ 25.7	$ 17.9	$ 749.8
Restricted cash	32.7	30.1
Trade accounts receivable, net	259.9	247.1
Program rights, net	369.3	271.8
Deferred income taxes	0.5	0.5
Notes receivable from affiliates	0	0
Other current assets	45.2	63.8
Total current assets	725.5	639.0
Noncurrent assets:
Program rights	361.9	333.2
Investment in films and television programs, net	187.3	194.6
Property and equipment, net	92.7	95.7
Deferred income taxes	20.6	18.5
Goodwill	131.8	131.8
Other assets, net	40.1	37.2
Investment in consolidated subsidiaries	0	0
Total assets	1,559.9	1,450.0
Current liabilities:
Current portion of debt	5.0	4.9
Trade accounts payable	7.8	7.3
Accrued liabilities	375.8	297.8
Notes payable due to affiliate	0	0
Due to (from) affiliates	0	0
Deferred revenue	22.1	16.6
Total current liabilities	410.7	326.6
Noncurrent liabilities:
Debt	1,073.1	1,054.5
Deferred income taxes	0	0
Other liabilities	12.8	14.2
Total liabilities	1,496.6	1,395.3
Member's Equity [Abstract]
Member’s interest (deficit)	68.6	61.9
Noncontrolling interests in subsidiaries	(5.3)	(7.2)
Total member’s interest and noncontrolling interests	63.3	54.7
Total liabilities and member’s interest and noncontrolling interests	1,559.9	1,450.0
Guarantor Subsidiaries
Current assets:
Cash and cash equivalents	12.2	20.8	11.7	735.5
Restricted cash	0	0
Trade accounts receivable, net	211.3	208.1
Program rights, net	370.6	273.3
Deferred income taxes	0.2	0.2
Notes receivable from affiliates	25.3	17.7
Other current assets	29.8	24.0
Total current assets	649.4	544.1
Noncurrent assets:
Program rights	367.7	338.9
Investment in films and television programs, net	116.1	114.3
Property and equipment, net	49.1	51.6
Deferred income taxes	0	0
Goodwill	131.8	131.8
Other assets, net	20.9	17.0
Investment in consolidated subsidiaries	0	0
Total assets	1,335.0	1,197.7
Current liabilities:
Current portion of debt	4.5	4.4
Trade accounts payable	5.5	6.1
Accrued liabilities	207.7	113.6
Notes payable due to affiliate	0	0
Due to (from) affiliates	(528.2)	(491.3)
Deferred revenue	0.6	0.6
Total current liabilities	(309.9)	(366.6)
Noncurrent liabilities:
Debt	1,029.5	1,010.8
Deferred income taxes	10.0	14.9
Other liabilities	9.7	11.0
Total liabilities	739.3	670.1
Member's Equity [Abstract]
Member’s interest (deficit)	595.7	527.6
Noncontrolling interests in subsidiaries	0	0
Total member’s interest and noncontrolling interests	595.7	527.6
Total liabilities and member’s interest and noncontrolling interests	1,335.0	1,197.7
Subsidiary Issuer
Current assets:
Cash and cash equivalents	0.4	0.4	0.4	0.9
Restricted cash	0	0
Trade accounts receivable, net	0	0
Program rights, net	0	0
Deferred income taxes	0.3	0.3
Notes receivable from affiliates	0	0
Other current assets	0.9	23.8
Total current assets	1.6	24.5
Noncurrent assets:
Program rights	0	0
Investment in films and television programs, net	0	0
Property and equipment, net	43.0	43.3
Deferred income taxes	20.6	18.5
Goodwill	0	0
Other assets, net	12.1	12.9
Investment in consolidated subsidiaries	1,559.3	1,471.6
Total assets	1,636.6	1,570.8
Current liabilities:
Current portion of debt	0.5	0.5
Trade accounts payable	0	0
Accrued liabilities	15.1	19.2
Notes payable due to affiliate	0	0
Due to (from) affiliates	526.3	490.1
Deferred revenue	0	0
Total current liabilities	541.9	509.8
Noncurrent liabilities:
Debt	1,048.0	1,028.3
Deferred income taxes	(16.6)	(22.0)
Other liabilities	0	0
Total liabilities	1,573.3	1,516.1
Member's Equity [Abstract]
Member’s interest (deficit)	68.6	61.9
Noncontrolling interests in subsidiaries	(5.3)	(7.2)
Total member’s interest and noncontrolling interests	63.3	54.7
Total liabilities and member’s interest and noncontrolling interests	1,636.6	1,570.8
Non-Guarantor Subsidiaries
Current assets:
Cash and cash equivalents	5.3	4.5	5.8	13.4
Restricted cash	32.7	30.1
Trade accounts receivable, net	48.7	39.8
Program rights, net	0	0
Deferred income taxes	0	0
Notes receivable from affiliates	0	0
Other current assets	14.5	16.0
Total current assets	101.2	90.4
Noncurrent assets:
Program rights	0	0
Investment in films and television programs, net	71.2	80.3
Property and equipment, net	0.6	0.8
Deferred income taxes	0	0
Goodwill	0	0
Other assets, net	19.2	20.2
Investment in consolidated subsidiaries	0	0
Total assets	192.2	191.7
Current liabilities:
Current portion of debt	0	0
Trade accounts payable	2.3	1.2
Accrued liabilities	155.4	176.5
Notes payable due to affiliate	25.3	17.7
Due to (from) affiliates	1.9	1.2
Deferred revenue	21.5	16.0
Total current liabilities	206.4	212.6
Noncurrent liabilities:
Debt	0	0
Deferred income taxes	0	0
Other liabilities	8.4	8.6
Total liabilities	214.8	221.2
Member's Equity [Abstract]
Member’s interest (deficit)	(22.5)	(29.4)
Noncontrolling interests in subsidiaries	(0.1)	(0.1)
Total member’s interest and noncontrolling interests	(22.6)	(29.5)
Total liabilities and member’s interest and noncontrolling interests	192.2	191.7
Consolidation, Eliminations
Current assets:
Cash and cash equivalents	0	0	0	0
Restricted cash	0	0
Trade accounts receivable, net	(0.1)	(0.8)
Program rights, net	(1.3)	(1.5)
Deferred income taxes	0	0
Notes receivable from affiliates	(25.3)	(17.7)
Other current assets	0	0
Total current assets	(26.7)	(20.0)
Noncurrent assets:
Program rights	(5.8)	(5.7)
Investment in films and television programs, net	0	0
Property and equipment, net	0	0
Deferred income taxes	0	0
Goodwill	0	0
Other assets, net	(12.1)	(12.9)
Investment in consolidated subsidiaries	(1,559.3)	(1,471.6)
Total assets	(1,603.9)	(1,510.2)
Current liabilities:
Current portion of debt	0	0
Trade accounts payable	0	0
Accrued liabilities	(2.4)	(11.5)
Notes payable due to affiliate	(25.3)	(17.7)
Due to (from) affiliates	0	0
Deferred revenue	0	0
Total current liabilities	(27.7)	(29.2)
Noncurrent liabilities:
Debt	(1,004.4)	(984.6)
Deferred income taxes	6.6	7.1
Other liabilities	(5.3)	(5.4)
Total liabilities	(1,030.8)	(1,012.1)
Member's Equity [Abstract]
Member’s interest (deficit)	(573.2)	(498.2)
Noncontrolling interests in subsidiaries	0.1	0.1
Total member’s interest and noncontrolling interests	(573.1)	(498.1)
Total liabilities and member’s interest and noncontrolling interests	$ (1,603.9)	$ (1,510.2)

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Information about Operating Segments (Tables)

3 Months Ended

Mar. 31, 2014

Segment Reporting [Abstract]

Reconciliation of Other Significant Reconciling Items from Segments to Consolidated

The following table provides a reconciliation of Adjusted OIBDA to income before income taxes (in millions):

	Three Months Ended March 31,
	2014			2013
Consolidated Adjusted OIBDA	$	126.2		$	116.5
Stock compensation	(7.8		)	(7.3		)
Depreciation and amortization	(4.9		)	(4.4		)
Interest expense, net of amounts capitalized	(11.5		)	(10.2		)
Other income (expense), net	0.5			(1.5		)
Income before income taxes	$	102.5		$	93.1

Schedule of Segment Reporting Information, by Segment

Performance Measures (in millions):

	Three Months Ended March 31,
	2014			2013
Revenue:
Starz Networks	$	324.0		$	315.8
Starz Distribution	87.3			76.2
Starz Animation	8.9			7.5
Inter-segment eliminations	(0.2		)	(0.2		)
Total Revenue	$	420.0		$	399.3
Adjusted OIBDA:
Starz Networks	$	114.0		$	114.4
Starz Distribution	12.7			2.6
Starz Animation	(0.6		)	(0.6		)
Inter-segment eliminations	0.1			0.1
Total Adjusted OIBDA	$	126.2		$	116.5

Other Information (in millions):

	Three Months Ended March 31,
	2014			2013
Cash paid for investment in films and television programs:
Starz Networks	$	55.5		$	29.2
Starz Distribution	24.0			24.4
Starz Animation	—			—
Inter-segment eliminations	—			—
Total cash paid for investment in films and television programs	$	79.5		$	53.6
	March 31, 2014			December 31, 2013
Total assets:
Starz Networks	$	1,335.0		$	1,197.7
Starz Distribution	188.5			188.8
Starz Animation	3.4			2.8
Other unallocated assets (primarily cash, deferred taxes and other assets, including a commercial lease with subsidiary of Liberty Media)	77.6			99.2
Inter-segment eliminations	(44.6		)	(38.5		)
Total assets	$	1,559.9		$	1,450.0

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Stock Options and Restricted Stock - Number and Weighted Average Exercise Price - Options (Details) (Award Type [Domain], USD $)	3 Months Ended
	Mar. 31, 2014
Award Type [Domain]
Options (in shares)
Outstanding at December 31, 2013	15,479,560
Granted	0
Exercised	(854,520)
Forfeited	(91,492)
Expired/canceled	0
Outstanding at March 31, 2014	14,533,548
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable, Number	4,341,661
WAEP (in dollars per share)
Outstanding at December 31, 2013	$ 15.94
Granted	$ 0.00
Exercised	$ 12.13
Forfeited	$ 16.46
Expired/canceled	$ 0.00
Outstanding at March 31, 2014	$ 16.16
Exercisable at March 31, 2014	$ 13.25

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Consolidated Statements of Comprehensive Income (USD $) In Millions, unless otherwise specified	3 Months Ended
	Mar. 31, 2014	Mar. 31, 2013
Statement of Comprehensive Income [Abstract]
Net income	$ 66.8	$ 58.2
Other comprehensive income (loss), net of taxes -
Foreign currency translation adjustments from operations	(0.2)	0.1
Comprehensive income	66.6	58.3
Comprehensive income attributable to noncontrolling interests	(1.9)	(0.3)
Comprehensive income attributable to member	$ 64.7	$ 58.0

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Stock Options and Long Term Incentive Plan

3 Months Ended

Mar. 31, 2014

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Stock Options and Restricted Stock

Stock Options and Restricted Stock

Starz has granted to certain of its directors and employees, stock options to purchase Series A common stock and restricted shares of Series A common stock pursuant to the Starz incentive plans. As of March 31, 2014, the total unrecognized compensation cost related to the unvested stock options and restricted stock was approximately $73.1 million. Such amount will be recognized in Starz, LLC’s condensed consolidated statements of operations over a weighted average period of approximately 2.72 years.

The following table presents the number and weighted average exercise price (“WAEP”) of stock options to purchase Starz common stock:

	Options		WAEP
Outstanding at December 31, 2013	15,479,560		$	15.94
Granted	—		$	—
Exercised	(854,520	)	$	12.13
Forfeited	(91,492	)	$	16.46
Expired/canceled	—		$	—
Outstanding at March 31, 2014	14,533,548		$	16.16
Exercisable at March 31, 2014	4,341,661		$	13.25

At March 31, 2014, the weighted-average remaining contractual terms of the outstanding options is 6.2 years and the exercisable options is 5.2 years. At March 31, 2014, the aggregate intrinsic value of the outstanding options is $234.3 million and the exercisable options is $82.6 million.

The following table presents the number and weighted-average grant date fair value of restricted stock grants:

	Restricted Stock		Weighted Average Grant-Date Fair Value
Outstanding at December 31, 2013	579,135		$	22.86
Granted	2,730		$	32.66
Vested	(115,971	)	$	18.74
Forfeited	—		$	—
Outstanding at March 31, 2014	465,894		$	23.91

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Stock Options and Restricted Stock - Number and Weighted Average Exercise Price - Restricted Stock (Details) (Restricted Stock [Member], USD $)	3 Months Ended
	Mar. 31, 2014
Restricted Stock [Member]
Restricted Stock (in shares)
Outstanding at December 31, 2013	579,135
Granted	2,730
Vested	(115,971)
Forfeited	0
Outstanding at March 31, 2014	465,894
Weighted Average Grant-Date Fair Value (in dollars per share)
Outstanding at December 31, 2013	$ 22.86
Granted	$ 32.66
Vested	$ 18.74
Forfeited	$ 0.00
Outstanding at March 31, 2014	$ 23.91

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Other Information (Tables)

3 Months Ended

Mar. 31, 2014

Other Information [Abstract]

Schedule of Accrued Liabilities [Table Text Block]

Accrued liabilities consist of the following (in millions):

	March 31, 2014		December 31, 2013
Royalties, residuals and participations	$	70.0	$	81.4
Participations payable to Weinstein	74.8		75.9
Program rights payable	141.0		32.2
Advertising and marketing	39.6		41.6
Payroll and related costs	16.0		28.7
Other	34.4		38.0
	$	375.8	$	297.8

Schedule of Cash Flow, Supplemental Disclosures

The following table presents the supplemental disclosure of cash flow information (in millions):

	Three Months Ended March 31,
	2014		2013
Cash paid for interest, net of amounts capitalized	$	19.4	$	19.1
Cash paid for income taxes	$	2.6	$	16.5
Distribution of corporate office building to Old LMC	$	—	$	45.7
Capital lease related to commercial lease with subsidiary of Liberty Media	$	—	$	44.8
Tax attributes related to LMC Spin-Off	$	—	$	11.6