Starz Entertainment Corp 2024年度报告

xANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year endedMarch 31, 2025OR oTRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ___________ to ___________Commission File No.1-14880 Starz Entertainment Corp. (Exact name of registrant as specified in its charter) British Columbia, CanadaN/A(State or other jurisdiction of incorporation ororganization)(I.R.S. Employer Identification No.)250 Howe Street, 20th FloorVancouver,British ColumbiaV6C 3R81647 Stewart St.Santa Monica,California90404(877) 848-3866(604) 648-6559(Address of Principal Executive Offices)Registrant's telephone number, including area code:1(604)648-6559 Securities registered pursuant to Section 12(b) of the Act: Name of each exchange on which registered The Nasdaq Stock Market LLC(Nasdaq Global Select Market) Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. YesoNox Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act. YesoNox 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 ExchangeAct of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has beensubject to such filing requirements for the past 90 days.YesxNoo Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant toRule 405 of Regulation S-T (§ 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant wasrequired to submit such files).YesxNoo Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reportingcompany, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company, ”and "emerging growth company" in Rule 12b-2 of the Exchange Act. If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complyingwith any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.o Indicate by check mark whether the registrant has filed a report on and attestation to its management’s assessment of the effectiveness of itsinternal control over financial reporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) by the registered publicaccounting firm that prepared or issued its audit report.o If securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether the financial statements of the registrantincluded in the filing reflect the correction of an error to previously issued financial statements.o Indicate by check mark whether any of those error corrections are restatements that required a recovery analysis of incentive-basedcompensation received by any of the registrant’s executive officers during the relevant recovery period pursuant to §240.10D-1(b).o Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Act). YesoNox As of September 30, 2024, the last business day of the registrant’s most recently completed second fiscal quarter, there wasnoestablished public market for the registrant’s common stock. As of June 16, 2025,16,721,810shares of the registrant’s common shares wereoutstanding. DOCUMENTS INCORPORATED BY REFERENCE Information required in Part III of this Annual Report on Form 10-K is incorporated by reference to an amendment to thisForm 10-K to be filed with the Securities and Exchange Commission within 120 days of the registrant’s fiscal year ended March 31,2025. SUMMARY OF RISK FACTORS An investment in Starz involves a high degree of risk because our business is subject to numerous risks and uncertainties, as more fullydescribed in “Part I, Item 1A.Risk Factors” of this Annual Report on Form 10-K. Below are some of these risks, any one of which couldmaterial adverse effect on our business, financial condition, results of operations, and prospects: Risks Related to Starz and the Starz Business •Starz is a smaller, less diversified company than its predecessor Old Lionsgate was, with a different financial profile.•Starz could experience temporary interruptions in business operations and incur additional costs as it builds its informationtechnology infrastructure and transitions its data to its own systems.•The accounting and other management systems and resources of Starz may not be adequately prepared to meet the financialreporting and other requirements to which Starz is subject as a public company.•Starz faces risks related to the restructuring of its business, which hav