'CSI' drives Alliance Atlantis' 3Q results

MUMBAI: Canadian television firm Alliance Atlantis Communications has reported revenue and earnings growth for the third quarter ended 30 September, 2006.

The company benefitted from strong sales for the CSI franchise. In India CSI airs on AXN.

Alliance Atlantis CEO Phyllis Yaffe says, "We are exceptionally pleased with the performance of the CSI franchise and the previously announced licensing of certain international second window rights which demonstrate the strong interest of CSI around the world .

"In our broadcasting business, we were pleased with continued strong subscriber revenue gains as well as strong audience growth. While ad revenue was down slightly year over year, we are pacing well in the fourth quarter and in 2007 we believe advertising revenue will increase in line with the Canadian specialty television market expectations. Over the past 12 months, our advertising revenue is up seven per cent."

Broadcasting revenue of $66.7 million represented an increase of four per cent over the prior year's quarter. Subscriber revenue grew by 10 per cent to $33 million in the quarter compared to $30.1 million in the prior year reflecting steady growth in paid subscribers. Advertising revenue decreased slightly to $32.1 million for the quarter compared to $33.0 million in the prior year due to slightly lower demand for ad inventory.

In the entertainment segment, CSI revenue of $140.2 million was up $89.9 million from $50.3 million in the prior year's quarter. The increase was primarily due to second window license fees recognized in the current quarter offset by a stronger Canadian dollar. The company recognises second window license fees from licensing arrangements with existing broadcasters of the CSI franchise when the company has fulfilled its obligations, which typically occurs ahead of the actual second window availability and payment of the license fees.

During the current quarter, the company entered into several second window licensing arrangements with existing CSI broadcasters and recognised $91.3 million in revenue from these arrangements.

Latest Reads
Maha Cartoon targets 65 per cent rural HSM via DD FreeDish, 2000 LCOs

Who can forget the Charlie Chaplin show which entertained the world audience of all ages. Maha Cartoon, the first free-to-air (FTA) Hindi cartoon channel targeted at the Hindi-speaking markets (HSM), will be launched on India's largest DTH platform DD FreeDish on 1 November. The new Maha Cartoon...

Television TV Channels Kids
Vikram Chandra steps down; KVL Narayan Rao is new NDTV group CEO

The rumours that were making rounds of Vikram Chandra quitting NDTV have now been put to rest.

Television TV Channels People
Naagin helps Colors capture top position this week: BARC

Backed by Naagin Season 2, Colors was almost close to Star Plus to get the number one position, but, this week, Colors went few steps ahead and grabbed the leadership position and replaced Star Plus in week 42. Even in Urban GECs market, Colors toppled Star and took over the number one position.

Television TV Channels Viewership
SPN India to broadcast Barclays ATP World Tour finals

Sony Pictures Networks India (SPN) will exclusively broadcast the upcoming ATP events in the month of November. The ATP 1000 Paris Masters will be aired live on Sony ESPN channels and will be streamed live on SonyLIV app and website. The ATP 1000 Paris Masters in Paris will begin on 31 October.

Television TV Channels Sports
Hunt for Zee Business head continues

MUMBAI: Zee Business, an arm of Zee Media Corporation, has seen several transitions in its management this year. The channel was initially headed by Amish Devgan, who decided to move away after serving for 14 years. It was then led by Zee Media Corporation’s then CEO for content Samir Ahluwalia,who...

Television TV Channels People
'King' content will take over monopolistic media entities, says Arnab Goswami

NEW DELHI: The future of news lies in breaking away from the interdependence of politicians and the media on each other.

Television TV Channels News Broadcasting
Animated 'Ramayana' a global Diwali gift on web, mobile

NEW DELHI: Thirty episodes of the animated series Ramayana will be available around the world on the nexGTv web and mobile platforms during Diwali.

Television TV Shows Animation
Sports Minister lauds b'casters, other stakeholders in promoting sports

NEW DELHI: India’s Sports Minister Vijay Goel said on Wednesday that digital media broadcasting will play a critical role in bringing about change in sports broadcasting in India but broadcasters must also focus on how sports as a product is delivered to audiences in rural areas so as to popularise...

Television TV Channels Sports
Know your karma on IBN7 with 'Karm Path'

In an attempt to give its viewers a refreshing start of the day, IBN7 is launching a new show titled Karm Path. Starting 27 October, the show will predict what the day holds. The show is a differentiator in its own genre as it connotes the supremacy of deeds over destiny.

Television TV Channels News Broadcasting

Latest News

Load More

Sign up for our Newsletter

subscribe for latest stories