DTH

Worldspace subscription revenues up 160 % in Q4

http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/smartcrop_800x800/public/images/tv-images/2016/07/26/Untitled-1_12.jpg?itok=6-i-b-qa

MUMBAI: Radio satellite service provider Worldspace has reported its financial and operating results for the fourth quarter and year ended 31 December, 2005.

It finished the year with 115,306 subscribers. The company added 40,235 subscribers in the fourth quarter of 2005, an increase of approximately 160 per cent over the 15,545 subscribers added in fourth quarter of 2004.

In India, the company had 74,574 subscribers at the end of the fourth quarter of 2005, up over 100 per cent from 35,670 at the end of the third quarter of 2005 and up nearly 800 per cent from 8,335 at the start of the year.

At the end of the fourth quarter of 2005, WorldSpace had rolled out its satellite radio services in nine cities in India -- Mumbai, Delhi, Bangalore, Chennai, Hyderabad, Kochi, Pune, Ahmedabad and Chandigarh.

Service in Kolkata, India's second largest city, was launched in February 2006. Worldspace's market distribution is now available to a population of nearly 63 million, including nearly 35 million people in the top three economic segments targeted by the company.

Worldspace chairman and CEO Noah Samara says, "Worldspace made important progress against all of our key operational metrics during the fourth quarter of 2005, especially in delivering strong subscriber growth. We believe we have gained significant traction in our efforts to acquire new subscribers, and will continue to do so as our visibility and brand awareness grow with the roll-out of our service to additional metropolitan areas, supported by targeted marketing campaigns. We also have made great strides in building our senior management teams, internationally and at the corporate level, by adding quality people with key areas of expertise that will be critical to our forward momentum."

The firm introduced 19 new programming channels, including the first India sports talk radio channel and many regional language channels in India, as well as the world's first global hip hop channel, bringing the total number of channels broadcast on WorldSpace's global system to 220 by the end of the year.

It also completed an initial public offering (IPO) in August 2005, raising net proceeds of approximately $221 million; It raised strategic capital from and formed a technology sharing partnership with XM Satellite Radio in July 2005, including an investment of $25 million by XM Satellite Radio.

Also, three-year warrants valued at $37.5 million were issued to XM Satellite Radio exercisable at the IPO price provided XM has made substantial technological contributions to WorldSpace, including in the areas of products, chipsets and terrestrial repeater development and deployment;

The firm continued the expansion of the distribution and geographic presence in India, with over 650 retail points of presence in nine cities at the end of the year covering approximately 30 million people in Worldspace's target market segment of the India population; It managed to obtain terrestrial repeater licenses in United Arab Emirates and Bahrain, the first L-band terrestrial repeater licenses for satellite radio.

Samara adds, "2006 is a pivotal year for WorldSpace.
We are working hard to gain key regulatory approvals for the delivery of mobile services in certain of our markets, and to increase the variety of our receivers.

We are moving into more cities in India and we are gaining strength in other countries where subscribers can be added at little incremental cost. We started the year well with the FCC's approval of our license application for our Afristar-2 satellite, which when launched, will enable us to broaden our offerings in Europe and the Middle East."

For the fourth quarter of 2005, WorldSpace reported quarterly revenues of approximately $4.4 million, representing a 95 per cent increase compared with revenues of approximately $2.3 million for the fourth quarter of 2004. Subscription revenue increased approximately 160 per cent to approximately $1.1 million for the fourth quarter of 2005 compared with subscription revenue of approximately $0.4 million for the fourth quarter of 2004. On an annual basis, total revenues for 2005 were $11.7 million in 2005, a 36 per cent increase over 2004 total revenues of $8.6 million. Subscription revenue in 2005 was $3.7 million, a 255 per cent increase over $1.0 million in 2004.

Worldspace recorded a net loss for the fourth quarter 2005 of $33.2 million compared with a net loss of $418.2 million for the fourth quarter of 2004, a period that included stock compensation expenses and other costs associated with an inter-company consolidation and subsequent debt restructuring.

For the year, the company's net loss was $79.9 million compared to a net loss of $577.4 million in 2004. In the fourth quarter of 2005, WorldSpace spent approximately $9.6 million on sales, marketing and subscriber acquisition expenses globally, including $8 million in India compared with $4.9 million and $4.1 million respectively in the third quarter of 2005.

Latest Reads

http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/06/20/simon%20murray.jpg?itok=d9A5V-AQ
Pay-TV: India among four countries which contributed $16 bn rev between '10 & '16

MUMBAI: In 138 countries, pay-TV revenues increased by $32 billion (Rs 2063 billion) between 2010 and 2016, to reach $202 billion. However, according to the Global Pay TV Revenue Databook from Digital TV Research, only $1.23 billion was added last year (in 2016).

DTH DTH Operator
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/06/15/mala.jpg?itok=eCErUINF
Malaysia's Astro 'doesn't know' about talks with Reliance Digital TV

Malaysian and ASEAN content and consumer company Astro Malaysia Holdings Bhd has scotched rumours about due diligence being done to buy financially-beleaguered Indian DTH operator Reliance Digital TV saying it "does not know anything" about the talks.

DTH DTH Operator
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/06/12/Brian%20Jakins%20Intelsat.jpg?itok=ts4bS4-h
Intelsat & Dalkom partner to expand broadband & DTH in Africa & Middle East

MUMBAI: Intelsat S.A., an operator of the world’s first Globalized Network and leader in integrated satellite communications, recently announced that Dalkom Somalia signed an agreement for satellite services that will expand its broadband enterprise and direct-to-home (DTH) services in East and...

DTH DTH Operator
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/06/12/DISH%20media_0.jpg?itok=6X-KCooI
Dish Media Network upgrades DTH with Spacecom deal

MUMBAI: Spacecom, an operator of the AMOS satellite fleet, recently announced that Nepal’s Dish Media Network has furthered its long-term association with AMOS-4. Located at the 65°E prime orbital position, AMOS-4 provides Dishhome with substantial satellite capacity enabling the DTH provider to...

DTH DTH Operator
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/06/12/Untitled-1_0.jpg?itok=7nnKYTmO
Transponder charges: Plan afoot to retain DTH services on Indian sats

NEW DELHI: The Department of Space (DoS) has said that a technical strategy is under formulation to retain direct-to-home services in the indigenous INSAT/GSAT system as well as to migrate DTH services from foreign satellite systems to indigenous system. This has been stated by the DoS to the...

DTH DTH Services
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/06/09/anil_khera-anil_ambani.jpg?itok=S4_amKrn
Videocon d2h & Reliance Digital finding ways to wriggle out of tough situations

DTH companies in India are facing a tough time. While Videocon is making several significant moves to reduce its heavy debt, Reliance Digital TV is reportedly in talks with a Malaysian company to sell the business.

DTH DTH Operator
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/06/08/DISH.jpg?itok=OC1cocWR
DishTV launches Disney active service

They woke up a little late. Even though summer vacation is coming to a close, DishTV, Asia’s largest DTH service provider, and Disney India have announced the launch of Disney Active. Disney Active is available on Channel No. 966 on Dish TV.

DTH DTH Operator
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/06/05/anil.jpg?itok=iAGXV5gB
DishTV adds two channels, takes total count to 620

While continuing the legacy to provide the best entertainment platform to its subscribers, Dish TV, Asia’s largest DTH brand has extended its collection by adding 2 new channels to its portfolio. With accumulation of “Mirror Now and Multiplex”. DishTV takes the total count of its channels and...

DTH DTH Operator
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/06/05/DISHTV%20AND%20AIRTEL_0.jpg?itok=gUAPhEbg
DTH subscriber growth slows down even further

BENGALURU: Despite the information and broadcasting (I&B) ministry extending the deadline for phase IV of cable television digitisation by three months to 31 March 2017, owing to the “unsatisfactory progress of installation of set top boxes (STBs) in phase IV areas”, reports submitted by the...

DTH DTH Operator

Latest News

Load More

Sign up for our Newsletter

subscribe for latest stories