CRTC Releases 2010 Financial Results For Canadian Television Services
The Canadian Radio-television and Telecommunications Commission (CRTC) has released statistical and financial information on Canadian television showing increased profits for all services for the broadcast year ending August 31, 2010. The data includes information from conventional television stations and specialty, pay and pay-per-view television services, as well as video-on-demand services (pay and specialty services).
Conventional Television – Statistical and Financial Summaries 2006-2010
Pay Television, Pay-Per-View, Video-On-Demand and Specialty Services – Statistical and Financial Summaries 2006-2010
Revenues for private conventional television grew by 9% from $1.97 billion in 2009 to approximately $2.15 billion in 2010. Expenses during the same period increased by 1.7% from $2.01 billion in 2009 to $2.05 billion in 2010. As a result, profits before interest and taxes (PBIT) improved significantly from a deficit of $116.6 million in 2009 to a profit of $11.5 million in 2010 for a PBIT margin of 0.5%.
Revenues for pay and specialty services grew by 11.1 % from $3.11 billion in 2009 to approximately $3.46 billion in 2010. Expenses during the same period were 8.1% higher, going from $2.31 billion to $2.49 billion. Therefore, PBIT for pay and specialty services improved from $728.6 million in 2009 to $877.3 million in 2010 for a PBIT margin of 25.4%.
The total revenues of $2.15 billion for private conventional television were generated from the following sources:
- $350 million in local advertising,
- $1.6 billion from national advertising,
- $65.9 million from the Local Programming Improvement Fund, and
- $117.9 million from other sources.
The total revenues of $3.5 billion for pay and specialty services were generated from the following sources:
- $1.58 billion from cable television subscribers
- $668 million from direct-to-home satellite subscribers
- $1.09 billion from national advertising
- $19.6 million from local advertising, and
- $99.9 million from other sources.
After stagnating in 2009, investment in Canadian programming increased by 12.6% for private conventional television and 8.8% for pay and specialty services.
Private conventional television spending on Canadian programming totalled $696.3 million, including $304.6 million on news programs, $50.9 million on documentaries and other information programs, $141 million on sports programming, $85.5 million on drama and $21.7 million on musical and variety shows.
Pay and specialty services spending on Canadian programming totalled $1.12 billion, including $179.6 million on news programs, $258.4 million on documentaries and other information programs, $353.2 million on sports programming, $143.6 million on drama, and $42.4 million on musical and variety shows.
In 2010, these sectors of the broadcasting industry employed 11,761 people and paid a total of $925.3 million in salaries. Private conventional television experienced a workforce decrease of 6.3% in 2010, while the pay and specialty services workforce remained relatively stable. Read the rest of this entry »
posted in Business News, Government, National News, Research Studies By: Tami | Print This Post