Unlevered free cash flow was negative $15 million in the quarter but positive $66 million year to date. Cash content spending was $182 million in the quarter, and Starz expects full-year cash content spending to be below $600 million following its exit from the Universal Pay-2 agreement. He also said 2029 could represent a significant inflection point for free cash flow growth after final cash payments to Universal are completed in 2028. Macdonald said the refinancing is expected to improve annual free cash flow by about $4 million through lower cash interest expense. About Starz Entertainment (NASDAQ:STRZ)Starz Entertainment (NASDAQ: STRZ) is a global media and entertainment company that operates premium subscription video services across linear television and digital streaming platforms.