Cable TV

Viacom's Q1 revenues up 12 per cent to $2.37 bn

http://www.indiantelevision.com/sites/default/files/styles/smartcrop_800x800/public/images/tv-images/2016/07/20/Untitled-1_22.jpg?itok=TDAYbGlN

MUMBAI: US media conglomerate Viacom has reported a 12 per cent rise in revenues at $2.37 billion for the first quarter ended 31 March 2006.
Eight per cent of the revenue increase was attributable to the acquisition of DreamWorks on 31 January 2006. The growth in revenues reflects a seven per cent increase in the cable networks segment, and a 25 per cent rise in the entertainment segment, including DreamWorks.

Ad revenues, which accounted for 36 per cent of total revenues in the quarter, increased three per cent versus first quarter last year, while affiliate fees, representing 21 per cent of total revenues, increased by nine per cent.

Feature film exploitation accounted for 34 per cent of total revenues, an increase of 26 per cent. Ancillary revenues, which accounted for nine per cent of total revenues for the quarter ended 31 March 2006, increased 14 per cent versus 2005 first quarter results.

In the cable networks segment, US channels revenues were up six per cent. This was partially offset by a decline in international ad revenues of 13 per cent due principally to lower ad spending and change in channel format in the first quarter of this year in Germany.

Affiliate fees were up nine per cent in the first quarter of 2006 with subscriber increases and rate increases both contributing to the growth. Subscriber increases were led by distribution growth at domestic channels including Digital Suite, MTV2, Tempo and Noggin, which added an aggregate of over 40 million subscribers.

In addition Logo, which launched on 30 June 2005, now has 20 million subscribers. Rate increases were strongest among MTV Networks core channels, led by Nickelodeon and MTV. Ancillary revenues were up 15 per cent in the first quarter of 2006, driven primarily by a 36 per cent increase in home video/DVD sales, higher syndication fees resulting from the availability of South Park as well as other licensing and merchandising revenues contributing to the improved performance versus 2005.

Operating income in the cable networks segment rose by eight per cent to $621.1 million in the first quarter of 2006 from $577.5 million in the first quarter of 200. Higher revenues were partially offset by a seven per cent increase in operating expenses.

The increase in operating expenses primarily reflected higher programming costs across domestic channels for shows including The Daily Show and The Colbert Report which air on Comedy Central; acquired movies and Fresh Baked Video Games at Spike; Next, Making the Band and Laguna Beach at MTV; Miss America Pageant on CMT and Lil? Kim, Countdown to Lockdown and CollegeHill at BET.
Increases for these shows were partially offset by the non-renewal of the WWE package at Spike and the ending of Osbournes and Newlyweds ? Nick and Jessica on MTV.

Home entertainment revenues increased by $48.5 million, or 13 per cent to $421.8 million, inclusive of DreamWorks library titles contribution of $74.4 million. Other home video releases for the first quarter 2006, such as Hustle & Flow, Yours, Mine & Ours and Elizabethtown underperformed 2005 releases including Collateral, SpongeBob SquarePants and Without A Paddle.

Television license fees increased by 30 per cent to $220.4 million, including $55.6 million of DreamWorks related revenues which accounted for all of the increase. Worldwide theatrical revenues in 2006 increased by 50 per cent or $39.5 million to $118.9 million. DreamWorks titles She?s the Man, Munich and Match Point added $42.6 million in the quarter, partially offset by declines as Failure to Launch and Last Holiday, in theaters in the first quarter of 2006, underperformed 2005 titles including SpongeBob SquarePants, Lemony Snicket and Coach Carter.

Ancillary revenues increased by 78 per cent to $63.8 million driven primarily by increased revenues related to the rental of studio space.

Commenting on the result, Viacom executive chairman Sumner M. Redstone said, ?The exceptional businesses and strong brands of Viacom are very well-positioned as we move into an increasingly multi-platform environment. Looking ahead, we believe we can create long-term value for our shareholders and outperform the industry as we deliver our content in more ways than ever before to even larger audiences.?

Added Viacom president, CEO Tom Freston, ?There?s great excitement and momentum at Viacom. First off, we completed our first quarter as a new, focused and more nimble company. We closed the acquisition of DreamWorks and sold the library, continued to make strong progress in the execution of our digital strategy and hit many all-time viewership highs at MTV Networks and Bet Networks. We did face some challenges in the overseas ad market, but we have already taken steps that we believe will put that business back on track to deliver on its growth potential.

?Overall we?re pleased with the way our company performed, and are continually working to ensure that investors fully realize the success of our strong brands, film, cable and digital content and multiplatform opportunities. I?m very comfortable with our progress and our outlook, and am confident that we?ll meet our 2006 goals.?

Latest Reads

http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2018/10/11/act.jpg?itok=jNeP51zC
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
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2018/10/05/hathway.jpg?itok=3H7_WXyA
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
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2018/10/01/pankraj_1.jpg?itok=YCyiTCA0
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
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2018/09/11/siti.jpg?itok=jXHpwkyJ
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
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2018/09/04/siti.jpg?itok=JOG8pkn3
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
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2018/09/01/Digital.jpg?itok=v-WMvuRl
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
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2018/08/29/hathway.jpg?itok=iFsVkbju
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
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2018/08/28/zee_1.jpg?itok=pRptDAIa
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
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2018/08/28/gtpl.jpg?itok=WHQxgPNL
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