Intelsat Wins Contract Extension

Intelsat, a satellite operator, said on Friday that Lionsgate’s (LGF.A) media and entertainment company Starz has extended its commitment for distribution services on the Intelsat Galaxy satellites. Starz currently distributes 49 channels/feeds on the Intelsat fleet, the company said. This includes content distribution via the Intelsat Galaxy 13, Galaxy 14 and Galaxy 15 satellites.

Intelsat will also provide disaster recovery services through a secondary uplink chain from Intelsat’s teleport in Castle Rock, Colorado as part of the deal. The shares fell 1.5% to the lowest since early March.

By Bryan Smith