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How Canada fared in TV revenues in 2014
MUMBAI: The Canadian Radio-television and Telecommunications Commission (CRTC) has released statistical and financial information on Canadian specialty, pay, pay-per-view and video-on-demand television services for the broadcast year ending 31 August 2014.
In 2014, revenues from these services increased by 3.1% compared to the previous year, rising from $4.1 to $4.2 billion. This increase is largely attributable to an increase in subscription revenue of 5.9% to $160.3 million compared to 2013, which more than compensated for the drop of $53.6 million (or -4.2%) in national advertising revenue.
A major driving force for growth in specialty service revenues was sports services (such as TSN, Sportsnet and RDS), which saw their revenues increase by $124.2 million (or 13.6%) in 2014.
Specialty, pay, pay-per-view and video-on-demand television services invested $1.5 billion in the creation of new television programmes produced by Canadians, an increase of over 12% compared to the $1.3 billion invested the previous year. Again, this increase is largely attributable to sports services, whose Canadian programming expenditures increased by $132 million (or 32%) compared to 2013.
- Though revenues continued increasing in 2014, expenditures increased faster, rising from $2.9 billion in 2013 to $3.1 billion in 2014. As a result, profits before interest and taxes (PBIT) dropped from $1.1 billion to approximately $1 billion, and the PBIT margin from 26.5% to 23.7%.
- Bilingual and English-language services yielded a total of $3.5 billion, and French-language services produced revenues of $678.4 million.
- On an individual basis, sports services (such as TSN, Sportsnet and RDS) were among the specialty services with the highest increase in revenues, which increased by $124 million (13.6%).
- Pay and video-on-demand services reported revenue decreases of 2.1% (or 9.4 million) and 1.3 % (or $3.2 million) respectively in 2014.
- Canadian programming expenditures reached $1.5 billion in 2014, an increase of 12.6% compared to 2013. Expenditures in the “sports” programming category showed the largest increase: $132 million.
- Of those investments, $432 million went to independent Canadian producers, $376 million of which came from specialty television services.
- Expenditures related to foreign programming increased from $528 million in 2013 to $574 million in 2014, $389 million of which came from specialty services.
Each year, the CRTC compiles financial data on the Canadian broadcasting and telecommunications sectors. The data compiled in the reports were drawn from the annual returns of specialty, pay, pay-per-view and video-on-demand television services.
In recent weeks, the CRTC has published the financial results for conventional television stations and cable and satellite companies. Financial results for AM and FM radio stations will follow shortly. Following the publication of these reports, the CRTC will issue its annual Communications Monitoring Report.