BSkyB net profit up 12% to ?1.5 bn

MUMBAI: UK pay TV operator BSkyB‘s net profit rose 12 per cent to ?1.5 billion in the year ended 30 June 2012 on the back of a successful football season coupled with increase in subscriber numbers.

The satellite broadcasting, broadband and telephony services company partly owned by media baron Rupert Murdoch has seen its revenue go up by 3 per cent to ?6.7 billion. Operating profit before exceptional items rose 14 per cent to ?1.22 billion.

The company said it added 312,000 customers during the financial year taking the total number of subscribers to 10.6 million. Sky Broadband, the company‘s internet service provider, has a customer base of 4 million.

The company reported a 12 percent increase in the number of subscriptions to individual products, including line rental and high-definition television.

BSkyB revealed that it will return another ?500 million to shareholders via a share buyback.

The broadcaster said it had renewed several important media rights agreements during the year including Premier League, Spanish football, British and Irish Lions Club rights.

It had also launched an internet streaming service, Now TV, its second service to complement Sky Go and protect its turf from Netflix.

"I think it has been a quarter and a year again where we‘ve been strong across the board, so our operational performance has once again been very strong. We‘ve seen good growth right across our range of products and services, but I think we‘ve combined that well with further improvements in our customers‘ experience," said BSkyB Chief Executive Jeremy Darroch.

He also reflects on the impact that BSkyB has on the UK economy, "As a company, we‘re contributing something like ?5.5bn to UK GDP. We work directly with over 4,000 suppliers. We probably account for something of the order of 120,000 jobs in the UK and contribute over ?2bn of tax revenue. So I think our contribution is very, very strong."

Latest Reads
Livestreaming App SWOO sees momentum in India; Launches Trivia Format in India

SWOO, a leading global livestreaming platform established in Middle East, today announced the launch of its SWOO TRIVIA SHOW – a celebrity hosted live video streaming game show for Indians. SWOO is a user friendly, engaging and feature-rich live broadcasting app available across Android/ iOS/ Web...

Technology Software Applications
TiVo exits STB business

MUMBAI: TiVo is exiting the manufacturing, sales and distribution of set-top boxes to a yet-undisclosed third party, the company has said.

Technology Hardware Set-top Boxes
IET India IoT Panel joins hands with exhibitions india group for the 3rd edition of IoT india congress

IoT India Congress is India’s Platform of Platforms for the Internet of Things conceptualized by IET India IoT Panel, a think tank constituted by the Institution of Engineering and Technology (IET) India. The 3rd edition of IoT India Congress will be hosted in collaboration with India’s leading...

Technology Software Firmware
Tata Elxsi's Automation suite adopted by pan-European Media and Telecommunications Company

Tata Elxsi, a global design and technology services company, announced the licensing of its integrated test automation and monitoring suite ‘FalconEye’ to a pan-European media and telecommunications company for OTT automation and improving streaming performance.

Technology Software Firmware
Verimatrix recognized for contributions to latin american Pay-TV market with PRODU award win at NAB Show

LAS VEGAS: Verimatrix, a specialist in securing and enhancing revenue for network-connected devices and services, has received the PRODU Award for Best Pay-TV Technology Contribution on behalf of its MultiRights™ OTT solution. MultiRights helps service providers effectively navigate the modern OTT...

Technology Software Firmware
Amagi debuts machine-learning powered content-preparation suite

Amagi, a cloud-based technology provider for media processing, has launched Tornado, a machine learning-based content preparation service that enables TV networks and content owners to scale their operations and accelerate broadcast workflows.

Technology Hardware Components
Sharp and TiVo extend interactive program guide deal to power content Discovery across entertainment devices

MUMBAI: TiVo Corporation (NASDAQ: TIVO), a global leader in entertainment technology and audience insights, today announced that Sharp Corporation will further utilize TiVo’s G-Guide HTML across Sharp 4K smart TVs and Ultra HD Blu-ray recorders in Japan, TiVo’s G-Guide xD app and remote schedule...

Technology Hardware Components
HARMAN announces Priyanka Chopra as global brand ambassador

HARMAN International, a wholly-owned subsidiary of Samsung Electronics Co., Ltd. focused on connected technologies for automotive, consumer and enterprise markets, today announced that actress, singer, producer and philanthropist Priyanka Chopra has been named a global brand ambassador for the...

Technology Hardware Components
Etere HSM expands interoperability with Grass Valley

Etere HSM features an integration with Grass Valley that improves interoperability, streamlines connectivity, enables faster content processing and includes deep archive capabilities. Etere introduces a new integration layer between Etere Hierarchical Storage Management (HSM) and Grass Valley...

Technology Hardware Components

Latest News

Load More

Sign up for our Newsletter

subscribe for latest stories