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2008 Financial Results for Canadian Pay and Specialty

2008 Financial Results for Canadian Pay & Specialty Services

According to the CRTC, Canadian specialty, pay, pay-per-view television and video-on-demand (VOD) services had revenues of $2.9 billion in 2008, up 7.6% from $2.7 billion the previous year.  Profits before interest and taxes (PBIT) rose 5.9% to reach $686.1 million, while the PBIT margin went from 23.7% to 23.4% between 2007 and 2008. 

 

The revenues were generated from the following sources:

  • $1.3 billion from cable television subscribers
     
  • $596.5 million from direct-to-home satellite subscribers
     
  • $1 billion from national advertising
     
  • $20.6 million from local advertising
     
  • $54.8 million from other sources

English-language channels generated $2.4 billion of the total revenues, while French-language channels earned $481.3 million.

 

The largest share of total revenues ($2.3 billion) was garnered by specialty television services, including:

  • $2 billion from 49 analog services
     
  • $88.9 million from 18 Category 1 digital services
     
  • $189.7 million from 78 Category 2 digital

Pay, pay-per-view and VOD services accounted for the other $612 million in revenues. 

 

Programming

The amount spent on Canadian programming surpassed $1 billion for the first time in 2008.  These services invested $1.1 billion in Canadian programming, up 11.3% from $954.5 million in 2007.  Of the overall programming spending, $362.4 million was paid to independent producers to acquire Canadian programs.

 

Here is a breakdown of the spending on Canadian programming:

  • $146.6 million for news programs
     
  • $235.4 million for other information programs
     
  • $270.3 million for sports programs
     
  • $202.1 million for drama
     
  • $55 million for musical and variety shows
     
  • $72 million for general interest programming

These services also spent $361.1 million of foreign programming in 2008, up 9.1% from $331.1 million the previous year.  


Source: C
RTC, 03/26/2009

      


 

Originally Posted: 3/27/2009 8:25:46 AM
Last Updated: 4/3/2009 2:46:32 PM