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| CRTC releases financial results for Canadian specialty, pay, pay-per-view television and video-on-demand services |
| Posted
on Saturday, April 26, 2008 - 06:46 AM |
The Canadian Radio-television and Telecommunications Commission (CRTC) today released statistical and financial summaries for the Canadian specialty, pay, pay-per-view television and video-on-demand (VOD) services industry.
Growth
This industry continued to experience strong growth in 2007, and its total revenues increased by an average of 9.7% each year between 2003 and 2007.
In 2007, total revenues climbed to $2.7 billion, an increase of 9.1% when compared to the $2.5 billion in total revenues reported the previous year. Profits before interest and taxes (PBIT) rose by 13%, coming in at $647.1 million, and the PBIT margin went from 22.92% in 2006 to 23.75% in 2007.
Sources of revenue
The total revenues of $2.7 billion were generated from the following sources:
$1.2 billion from subscribers of cable distribution services
$574.8 million from subscribers of direct-to-home satellite services
$928.8 million from national advertising
$19.8 million from local advertising, and
$44.3 million from other revenues.
Revenue by sector
Of the total revenues, pay television services accounted for $349.7 million, pay-per-view television services for $119 million and VOD services for $78.8 million. The remaining $2.2 billion was earned by the 142 specialty television services in operation in 2007, including:
$1.9 billion from 49 analog services
$78.9 million from 18 Category 1 digital services, and
$154.3 million from 75 Category 2 digital services.
Spending on programming
From 2006 to 2007, the amount spent by specialty and pay television services on Canadian programming increased by 3.3%, going from $888.4 million to $917.9 million. Of this amount, $319.1 million was paid to independent producers to acquire Canadian programming.
Spending on Canadian programming included $148 million for news programs, $210.2 million for other information programs, $230.6 million for sports programs, $168.3 million for drama, $45.6 million for musical and variety shows, and $67 million for general interest programming.
These services also spent $323.2 million on foreign programming, which represented a 10% increase from the $293.8 million invested in 2006.
Employment
In 2007, the Canadian specialty, pay, pay-per-view television and VOD services industry employed 5,490 people, and paid a total of $407.8 million in salaries. In comparison, in 2006 this industry employed 5,264 people and paid a total of $374.6 million in salaries.
CRTC reports
The data compiled in this report were drawn from the annual reports of specialty, pay, pay-per-view television and VOD services. Today, the Commission also released a report that presents the individual data for these services.
The Commission recently released the financial results for conventional television and will soon publish those for the radio and broadcast distribution industries. These annual reports allow interested parties to stay informed about the state of the Canadian broadcasting industry.
For the detailed analysis, please check out the CRTC website:
http://www.crtc.gc.ca/eng/NEWS/RELEASES/2008/r080425.htm
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