Cable TV

Canada's cable industry touches 7.6 mn subscribers in 2004

MUMBAI: After four consecutive years of decline and steady erosion, Canada's cable industry saw a modest increase in subscribers in 2004.

Market research firm Statistics Canada states that this was due to the growing popularity of the digital cable market.

The number of subscribers to cable television in Canada reached 7.6 million at the end of August 2004, up 0.4 per cent from a year earlier. This modest increase followed four consecutive years of decline during which the industry lost a total of 442,000 multi-channel video services customers. Despite the turnaround, the market share of cable operators continued to decline last year.

Meanwhile, wireless competitors, principally direct-to-home satellite television providers, increased their market share to 23.4 per cent in 2004 from 22.5 per cent in 2003. This was the smallest year-over-year gain since the introduction of competition late in 1997.

As of 31 August, 2004, there were 2.3 million subscribers to satellite and wireless cable television, a 5.4 per cent increase compared to the previous year.

The total number of subscribers to multi-channel video services increased by 1.5 per cent to 9.9 million. This overall increase was about the same as the gain in the number of households. The increasing popularity of digital cable was certainly a factor behind the improved customer loyalty for the cable industry.

Digital cable was the fastest growing market segment for the industry last year. There were 1.8 million subscribers to this service on 31 August, 2004, a 33.5 per cent increase from a year earlier. Just over 24 per cent of subscribers to cable television had adopted digital cable at that date compared to 18 per cent in 2003.

High speed Internet continued to be a high growth market for cable operators. The number of subscribers to Internet by cable increased 20.1 per cent to 2.8 million between 31 August , 2003 and 31 August, 2004. This compares with gains of 26.1 per cent in 2003 and 35.4 per cent in 2002.

Last year's increase in subscriptions was robust in both large communities, where the gain was 19 per cent, and small- and medium-sized communities, where it was 25.3 per cent.

The financial performance of the cable industry improved significantly last year. Revenues rose by 7.4 per cent to $4.8 billion, while operating profits surged 39.2 per cent to $1.1 billion. Cable operators earned 23.2 cents of operating profits for every dollar of revenues in 2004, well above the 17.9 cents earned the previous year.

The financial performance of the wireless segment of the industry also improved, but the ink at the bottom of the income statement remained red.

Wireless competitors have incurred losses before interest and taxes every year since joining the industry, but are now approaching the break-even point. In 2004, wireless segment losses amounted to $92.9 million, down from $110.1 million in 2003 and $245.9 in 2002.

From 1998 to 2004, the segment's loss before interest and taxes totalled $1.5 billion, or 32.5 cents per dollar of revenue earned during that period.

Statiscs Canada goes on to note that in a few short years, the multi-channel video services market has changed drastically. In 2004, 42 per cent of the 11.2 million subscribers to multi-channel video services had chosen digital over analogue services. In 2000, that proportion was barely above 15 per cent.

Latest Reads
ACT Fibernet seeks funding; discloses financials

In its prospectus with SEBI, ACT Fibernet submitted the financial details and is looking for fund-raising to expand the business across India. ACT Fibernet reported revenue of Rs 1,217 crore and EBITDA of Rs 211.67 crore in fiscal 2017.

Cable TV Local Cable Operators
Hathway to target existing users for new OTT, cable hybrid STBs

Indian consumers are not losing interest in linear TV anytime soon but one can’t be too wary given the OTT burst. To stay ahead of the game, Hathway has unveiled two new products – an OTT set-top box and a cable hybrid box. Both of the boxes have been priced at Rs 2999.

Cable TV Local Cable Operators
Carriage fees have dropped in 2018 : Chrome DM Carriage Optimizer Report

Carriage fees have dropped by approximately 5 per cent for existing deals and by about 7 per cent for new channel launches is one of the highlights of the seventh edition (R7) of the Chrome Carriage Optimizer Annual Report (CCO) by Chrome Data Analytics & Media (Chrome DM).

Cable TV Local Cable Operators
SITI Networks Limited announces “SITI PlayTop”, its first Hybrid Set Top Box

SITI Networks Limited, has announced that it will be introducing a range of Set Top Boxes for delighting its customers. To begin with, the company has announced, “SITI PlayTop”, its first Hybrid Set Top Box.

Cable TV Multi System Operators
Siti relooks at broadband as cable subscription drove revenues in FY18

In FY 2017 (fiscal or year ended 31 March 2017, previous year), the Essel Group’s Siti Networks Ltd (Siti) was all gung-ho about broadband. In its annual report for fiscal 2017, the company said that it had become the largest multi-system operator (MSO) and a leading wired broadband services...

Cable TV Multi System Operators
Pay TV execs feel need to innovate to remain relevant, finds study

With the advent of digital content platforms, pay TV industry across the world is facing stiff competition. The pay TV Innovation Forum report produced by Nagra in association with research firm MTM, found that 90 per cent of executives believe that pay TV providers will have to innovate strongly...

Cable TV Multi System Operators
Hathway Cable gets approval to raise funds worth Rs 99.63 crore

MUMBAI: Leading cable and broadband player Hathway received an approval to raise funds worth Rs 99.63 crore at a board meeting held on 29 August. Following the approval the company’s shares rallied as much as 15 per cent.

Cable TV Multi System Operators
ZEEL announces new TV channel prices ahead of deadline

Ahead of 31 August 2018 deadline for publishing TV channel prices in a new format and a day before the Supreme Court hears a case relating to TRAI’s new tariff regime, Zee Entertainment Enterprises Ltd  (ZEEL) has made public its channel prices as suggested by the regulator in 2016, setting an...

Cable TV Local Cable Operators
GTPL Hathway to promote 40 Mbps broadband speed to masses

As wireline broadband business is emerging as a sector full of growth opportunities, several cable operators, as well as MSOs, are increasing their investment in the segment. GTPL Hathway, the Gujarat based cable and broadband player, is ready to lower its ARPU in the broadband segment to get more...

Cable TV Local Cable Operators

Latest News

Load More

Sign up for our Newsletter

subscribe for latest stories