Annual report pursuant to Section 13 and 15(d)

Discontinued Operations

v2.4.0.8
Discontinued Operations
 12 Months Ended
Dec. 31, 2013
Discontinued Operations and Disposal Groups [Abstract]  
Discontinued Operations
Discontinued Operations

On March 3, 2011, Starz completed the sale of 92.5% of Starz Media Canada Co. (“Canada Co.”), located in Toronto, Ontario, to a Canadian investor group and recognized a loss on the sale of $12.1 million, before a tax benefit of $3.9 million. Subsequent to the sale, Starz maintains a 7.5% ownership interest, but does not have significant involvement with the ongoing operations of Canada Co. Canada Co. develops and produces three-dimensional animated content on a for-hire basis.

The summarized statements of operations of Canada Co. for the years ended December 31, 2013, 2012 and 2011 included in discontinued operations in the consolidated statements of operations are as follows:

 
For the Years Ended December 31,
 
2013
 
2012
 
2011
Revenue
$
—

 
$
—

 
$
1,354

Operating expenses
—

 
—

 
(1,513
)
Selling, general and administrative
—

 
—

 
(116
)
Depreciation
—

 
—

 
(447
)
Operating loss
—

 
—

 
(722
)
Other expense
—

 
—

 
(61
)
Loss before income taxes
—

 
—

 
(783
)
Income tax benefit
—

 
—

 
1,500

Net income
$
—

 
$
—

 
$
717