Starz, owned by Lions Gate Entertainment Corp. , said on Tuesday that it agreed to a new multi-year carriage deal with Altice USA Inc. . Lions Gate shares were up more than 5% during intraday trade on Tuesday. The deal gives Altice’s Optimum and Suddenlink cable systems access to Starz and Starz Encore full suite of linear channels, as well as on-demand and online services. Lions Gate shares have declined more than 5% in the last 12 months, while the S&P 500 index is up more than 14% and the Dow Jones Industrial Average is up nearly 21%. Altice USA shares began trading in June and are down more than 9% in the last three months.
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