Cable TV

Comcast Q1-2015 revenue up 2.6%, operating income up 9%

http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/smartcrop_800x800/public/images/cable_tv_images/2015/05/05/comcast%20logo.jpg?itok=o9Vd1tEc

BENGALURU: Comcast Corporation reported 2.6 per cent growth in consolidated revenue in Q1-2015 (quarter ended 31 March, 2015, current quarter) to $17853 million as compared to the $17408 million in the corresponding year ago quarter. Comcast consolidated operating income increased nine per cent in Q1-2015 to $3890 million from $3568 million in Q1-2014.

The company’s Cable Communications, Filmed Entertainment and Theme Parks segments reported growth in revenue, while Cable Networks Broadcast Television and NBU Universal segments reported a y-o-y fall in revenue.

Comcast chairman and CEO Brian L Roberts said, “We are off to a great start in 2015, with 7.6 per cent operating cash flow growth and record quarterly free cash flow. Cable had a terrific quarter, once again reflecting strong results in high-speed Internet and business services. We have made progress in transforming the customer experience while delivering improved products and innovations faster than ever before. At NBC Universal, we had another excellent quarter, led by Super Bowl XLIX, which was the most-watched television program of all time, along with the tremendous box office success of Fifty Shades of Grey, and the exceptional performance of The Wizarding World of Harry Potter - Diagon Alley in Orlando. We begin 2015 with great momentum and remain confident that we are well positioned with an impressive portfolio of complementary businesses to continue our strong performance and drive shareholder value.”

Segment Results

Cable Communications

The company’s largest segment by revenue, Cable Communications reported 6.3 per cent revenue growth in Q1-2015 to $11430 million as compared to the $10757 million in Q1-2014, led by 21.5 per cent growth by its Business Services segment. Within the Cable Communications segment, revenue from Video grew three per cent to $5331 million in Q1-2015 from $5178 million in Q1-2015; High-speed Internet grew 10.7 per cent to $3044 million from $2750 million in Q1-2014; Revenue from Voice declined 1.5 per cent to $906 million from $920 million in Q1-2014; Business services revenue increased 21.5 per cent to $1114 million in Q1-2015 from $917 million in Q1-2014; Advertising Revenue fell 0.6 per cent to $504 million from $507 million in Q1-2014; Revenue from ‘Other’ grew 9.5 per cent to $531 million from $485 million in the corresponding year ago quarter.

NBC Universal

Revenue for NBC Universal decreased four per cent to $6604 million in the first quarter of 2015 compared to $6876 million in the first quarter of 2014. Excluding $376 million of revenue generated by the broadcast of the NFL’s Super Bowl in the first quarter of 2015 and $1100 million of revenue generated by the Sochi Olympics in the first quarter of 2014, revenue increased 7.9 per cent. Operating Cash Flow increased 14.0 per cent to $1494 million compared to $1311 million in Q1-2014, driven by strong results at Theme Parks and Broadcast Television. 

Cable Networks

For the first quarter of 2015, revenue from the Cable Networks segment decreased 5.9 per cent to $2359 million as compared to $2505 million in Q1-2015. Excluding $257 million of revenue generated by the Sochi Olympics in Q1-2014, revenue increased 4.9 per cent, reflecting a 4.8 per cent increase in distribution revenue and a 4.3 per cent increase in advertising revenue. Excluding a benefit from a reduction in deferred advertising revenue, advertising growth would have been stable as audience ratings declines were offset by higher prices and volume. Operating cash flow increased 0.3 per cent to $898 million compared to $895 million in Q1-2014, reflecting lower  programming and production costs due to the broadcast of the Sochi Olympics in the first quarter of 2014, partially offset by lower revenue.

Broadcast Television

For the first quarter of 2015, revenue from the Broadcast Television segment decreased 14.2 per cent to $2248 million compared to $2621 million in Q1-2014. Excluding $376 million of revenue generated by the NFL’s Super Bowl in Q1-2015, as well as $846 million of revenue generated by the Sochi Olympics in Q1-2014, revenue increased 5.5 per cent, driven by a 5.5 per cent increase in advertising revenue, as well as higher retransmission consent fees.  Operating cash flow increased 48.9 per cent to $182 million compared to $122 million in Q1-2014, reflecting lower programming and production costs due to the broadcast of the Sochi Olympics in Q1-2014 and a profitable Super Bowl, partially offset by lower revenue.

Filmed Entertainment

For Q1-2015, revenue from the Filmed Entertainment segment increased seven per cent to $1446 million compared to the $1351 million in Q1-2014, reflecting higher content licensing and home entertainment revenue, partially offset by lower theatrical revenue. Operating cash flow increased 1.7 per cent to $293 million compared to $288 million in Q1-2014, reflecting higher revenue, partially offset by increased marketing expenses ahead of the release of Furious 7 early in the second quarter.

Theme Parks

For Q1-2015, revenue from the Theme Parks segment increased 33.7 per cent to $651 million compared to $487 million in the first quarter of 2014, reflecting higher guest attendance and per capita spending, driven by the continued success of Orlando’s The Wizarding World of Harry Potter – Diagon Alley. First quarter operating cash flow increased 54.6 per cent to $263 million compared to $170 million in the same period last year, reflecting higher revenue, partially offset by an increase in operating costs to support the new attractions.

Latest Reads

http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2018/01/16/Den-Networks_SN-Sharma.jpg?itok=M92gmI7l
Subscription revenue drives up Den’s PAT

Multi-system operator (MSO) Den Networks’ financial results for Q3 2018 show consolidated revenue of Rs 330 crore as against Rs 293 crores in the corresponding quarter a year ago, up by 12 per cent. In Q2 2018, consolidated revenue stood at Rs 328 crore.

Cable TV Multi System Operators
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2018/01/11/hinduja.jpg?itok=tgpOkCe2
Hinduja Ventures board okays amalgamation with Grant Investrade

Hinduja Ventures Ltd's (HVL) the board of directors has approved the amalgamation of Grant Investrade Ltd (GIL), a wholly owned subsidiary, into the company.

Cable TV Multi System Operators
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2018/01/11/gst.jpg?itok=UmnytSo2
Kolkata cable operators want cable TV GST at 5%

MUMBAI: The plea of cable TV operators in Kolkata to reduce the goods and services tax (GST) from the current 18 per cent to 5 per cent has been heard.

Cable TV Local Cable Operators
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2018/01/08/den.jpg?itok=zjH4237M
Den Networks buys 51% in VBS Digital

MUMBAI: Multi-system operator Den Networks Ltd (Den) has acquired 51 per cent stake in cable televison distributor VBS Digital Distribution Network Pvt Ltd (VBS Digital) for Rs 2.64 crore in cash. According to Den's release to the Bombay Stock Exchange, the deal will strengthen the company’s cable...

Cable TV Multi System Operators
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2018/01/05/TiVo1_0.jpg?itok=3IoghzFq
TiVo's next-gen solution to help cable operators retain customers

MUMBAI: TiVo Corporation has launched Next-Gen Platform, a range of cloud-based products with a unified backend to help operators stay ahead of the game. The platform can be deployed for QAM, hybrid and IPTV to anticipate and quickly address customer needs.

Cable TV Local Cable Operators
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/12/26/bibu.jpg?itok=CZlRRdhm
Ortel to move broadband business to new entity

Multi-system operator Ortel Communications Ltd plans to incorporate a new wholly owned subsidiary, Ortel Broadband Ltd, in order to operate the broadband business separately.

Cable TV Multi System Operators
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/12/23/sharma.jpg?itok=G-WgLWQi
DEN Networks tops as most attractive Cable TV brand: TRA Research

DEN Networks Ltd, one of the largest cable MSOs in India, is the top cable brand according to the "Most Attractive Brands 2017" report by Trust Research Advisory (TRA)

Cable TV Multi System Operators
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/12/17/caletvheaend12.jpg?itok=i9dREprN
Government to once again make MHA clearance compulsory for MSOs?

Every multisystem operator (MSO) which is licensed with the ministry of information & broadcasting (MIB), will now have to also seek the ministry of home affairs' s (MHA's) ecurity clearance. A notification to this effect is being planned and passed by the Narendra Modi government.

Cable TV Multi System Operators
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/12/07/court.jpg?itok=VGZT1e9Z
MSOs move Madras HC seeking relief on inter-connect pacts

MUMBAI: The All India Digital Cable Federation (AIDCF) had filed a petition in the Madras High Court few days back pleading a directive to broadcasters to maintain a status quo on renegotiating agreements between TV channels and MSOs till a final judicial call was taken on TRAI’s new tariff regime...

Cable TV Multi System Operators

Latest News

Load More

Sign up for our Newsletter

subscribe for latest stories