Starz Media Assets Approved for Reattribution to Liberty Starz Tracking Group by Liberty Media Board

Starz Media Assets Approved for Reattribution to Liberty Starz Tracking Group by Liberty Media Board

ENGLEWOOD, Colo., Sept. 20 /PRNewswire-FirstCall/ -- As disclosed today by Liberty Media Corporation ("Liberty Media") in a Form 8-K filed with the U.S. Securities and Exchange Commission (SEC), on September 16, 2010 the Liberty Media Board of Directors approved a change in attribution of the Starz Media business along with $15 million in cash from the Liberty Capital tracking stock group to the Liberty Starz tracking stock group.

(Logo: http://photos.prnewswire.com/prnh/20080522/LATH063LOGO-b)

(Logo: http://www.newscom.com/cgi-bin/prnh/20080522/LATH063LOGO-b)

The change in attribution is effective September 30, 2010.

The Starz Media business consists of the following assets:

-- Overture Films (including its library of 16 released films and 3 films
to be released in the 3rd and 4th quarters of 2010)
-- Anchor Bay Entertainment
-- Proprietary Productions (library of 42 films and television series)
-- Film Roman
-- Toronto Animation Studio

"We are pleased with the approval received late last week by the Liberty Board of Directors," said Chris Albrecht, president and CEO, Starz, LLC. "Subsequent to the July 2010 Overture-Relativity transaction, we proposed that the remaining Starz Media assets be reclassified under the Liberty Starz tracking group in order to bring a cleaner financial and operating structure for the combined businesses of Starz Entertainment and Starz Media. We continue to make progress in evaluating strategic alternatives for certain remaining Starz Media assets, all with the goal of aligning the company's strengths to fulfill our vision for Starz as a vibrant premium brand and destination for consumers."

Additional Information

Nothing in the foregoing shall constitute a solicitation to buy or an offer to sell shares in the previously announced split-off or of any of Liberty Media's tracking stocks described in the foregoing. The offer and sale of such shares in the previously announced split-off will only be made pursuant to an effective registration statement. Liberty Media's stockholders and other investors are urged to read the registration statement to be filed with the SEC, including the proxy statement/prospectus to be contained therein, because it will contain important information about the transaction. A copy of the registration statement and the proxy statement/prospectus, once filed, will be available free of charge at the SEC's website (http://www.sec.gov). Copies of the proxy statement/prospectus and the filings with the SEC that will be incorporated by reference in the proxy statement/prospectus can also be obtained, without charge, by directing a request to Liberty Media Corporation, 12300 Liberty Boulevard, Englewood, Colorado 80112, Attention: Investor Relations, Telephone: (720) 875-5408.

Participants in a Solicitation

The directors and executive officers of Liberty Media and other persons may be deemed to be participants in the solicitation of proxies in respect of proposals to approve the split-off. Information regarding Liberty Media's (and, if formed, the new company's) directors and executive officers and other participants in the proxy solicitation and a description of their direct and indirect interests, by security holdings or otherwise, will be available in the proxy materials to be filed with the SEC.

About Starz, LLC

Starz, LLC, is a controlled subsidiary that operates Starz Media and Starz Entertainment (www.starz.com). Starz Media and Starz Entertainment are attributed respectively to Liberty Capital Group (Nasdaq: LCAPA) and Liberty Starz (Nasdaq: LSTZA), tracking stock groups of Liberty Media Corporation. Effective September 30, 2010, Starz Media will be attributed to Liberty Starz.

About Starz Media

Starz Media, LLC, is a programming production and distribution company operating worldwide. It includes the Film Roman, Anchor Bay Entertainment, and Manga Entertainment brands. Its units create animated and live-action programming and programming created under contract for other media companies. It distributes that programming, and programming acquired from outside producers, through home video retailers, broadcasters, ad supported and premium television channels, and Internet and wireless video distributors in the US and internationally. Starz Media (www.starzmedia.com) is a controlled subsidiary of Liberty Media Corporation attributed to the Liberty Capital tracking stock group. Effective September 30, 2010, Starz Media will be attributed to the Liberty Starz tracking stock group.

About Starz Entertainment

Starz Entertainment, LLC, is a premium movie and original programming entertainment service provider operating in the United States. The company offers 16 premium channels including the flagship Starz® and Encore® brands with approximately 17.3 million and 31.9 million subscribers respectively. Starz Entertainment airs in total more than 1,000 movies and original series every month across its pay TV channels. Starz Entertainment is recognized as a pay TV leader in providing HD, On Demand, HD On Demand and online advanced services for its Starz, Encore and MoviePlex brands. Starz Entertainment (www.starz.com) is an operating unit of Starz, LLC, which is a controlled subsidiary of Liberty Media Corporation and is attributed to the Liberty Starz tracking stock group.

Contacts:
Eric Becker Courtnee Ulrich
Starz Entertainment Liberty Media Corporation
(720) 852-4065 (720) 875-5420
eric.becker@starz.com courtnee@libertymedia.com

SOURCE Starz, LLC

Photo:http://photos.prnewswire.com/prnh/20080522/LATH063LOGO-b
http://photoarchive.ap.org/
Photo:http://www.newscom.com/cgi-bin/prnh/20080522/LATH063LOGO-b
http://photoarchive.ap.org/
Starz, LLC

CONTACT: Eric Becker of Starz Entertainment, +1-720-852-4065, eric.becker@starz.com; or Courtnee Ulrich of Liberty Media Corporation, +1-720-875-5420, courtnee@libertymedia.com

-------
Profile: intent