Byron Allen Exits Starz, Selling His Entire Stake for a Profit
WHO:
Variety - Byron Allen, a media entrepreneur and investor, sold his Starz shares.
Variety - Allen acquired the shares from Steve Mnuchin, described by Variety as a former Hollywood producer who served as Treasury Secretary during President Trump’s first term.
Deadline - Allen Family Capital, based in Beverly Hills, sold its entire stake in Starz Entertainment.
Deadline - Byron Allen disclosed in March that he had acquired a 10.7% stake in Starz.
AllHipHop - Byron Allen sold his entire stake in Starz.
WHAT:
Variety - Allen sold all 1.8 million Starz shares he had owned.
Deadline - Allen Family Capital sold its entire Starz stake in stock tranches priced at approximately $21 to $27 per share.
AllHipHop - Allen received about $44.9 million for the stake after paying $25 million for the shares, a gain of nearly $20 million.
Variety - The sale generated a profit for Allen.
WHERE:
Deadline - Allen Family Capital is based in Beverly Hills.
WHEN:
Deadline - The stock was sold in tranches between August 9 and Sept. 29.
Deadline - Allen’s sale was reported in an SEC filing described as filed Thursday.
HOW:
Deadline - Allen Family Capital sold the stock in multiple tranches, at prices of approximately $21 to $27 per share.
AllHipHop - The articles report that Allen paid $25 million for the shares and sold them for about $44.9 million.
(UPDATED October 30, 2026 11:59 UTC)
Media entrepreneur Byron Allen sold his entire Starz stake, cashing out 1.8 million shares. He received about $44.9 million, after paying $25 million for the shares. The sale, made through Allen Family Capital, yielded him nearly $20 million in profit.