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Headline, Industry News
Business booming for Canada’s TV operators
Thursday June 19th 2008OTTAWA — Canada’s cable and satellite TV operators experienced robust revenue and profit growth in 2007, Canada’s TV watchdog said Wednesday.
The Canadian Radio-television and Telecommunications Commission reported that cable revenue rose 16.1% between 2006 and ’07 to a record CAN$7.1 billion ($6.96 billion), while revenue for wireless cable and satellite TV distributors jumped 11.4% year-to-year to CAN$1.85 billion ($1.81 billion).
Canadian cable pretax profits for 2007 rose 10% to CAN$1.5 billion ($1.47 billion), while the pretax profits for satellite TV and wireless cable operators grew 153.6% to CAN$17 million ($16.6 million) last year, compared with a loss of CAN$32 million in 2006.
The CRTC reported 7.65 million Canadians were subscribers of basic cable in 2007, while another 2.6 million Canadians subscribed to satellite TV services during the same period.
Source: Hollywood Reporter
Headline, Industry News
Business booming for Canada’s TV operators
Thursday June 19th 2008OTTAWA — Canada’s cable and satellite TV operators experienced robust revenue and profit growth in 2007, Canada’s TV watchdog said Wednesday.
The Canadian Radio-television and Telecommunications Commission reported that cable revenue rose 16.1% between 2006 and ’07 to a record CAN$7.1 billion ($6.96 billion), while revenue for wireless cable and satellite TV distributors jumped 11.4% year-to-year to CAN$1.85 billion ($1.81 billion).
Canadian cable pretax profits for 2007 rose 10% to CAN$1.5 billion ($1.47 billion), while the pretax profits for satellite TV and wireless cable operators grew 153.6% to CAN$17 million ($16.6 million) last year, compared with a loss of CAN$32 million in 2006.
The CRTC reported 7.65 million Canadians were subscribers of basic cable in 2007, while another 2.6 million Canadians subscribed to satellite TV services during the same period.
Source: Hollywood Reporter
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Headline, Industry News
Business booming for Canada’s TV operators
Thursday June 19th 2008OTTAWA — Canada’s cable and satellite TV operators experienced robust revenue and profit growth in 2007, Canada’s TV watchdog said Wednesday.
The Canadian Radio-television and Telecommunications Commission reported that cable revenue rose 16.1% between 2006 and ’07 to a record CAN$7.1 billion ($6.96 billion), while revenue for wireless cable and satellite TV distributors jumped 11.4% year-to-year to CAN$1.85 billion ($1.81 billion).
Canadian cable pretax profits for 2007 rose 10% to CAN$1.5 billion ($1.47 billion), while the pretax profits for satellite TV and wireless cable operators grew 153.6% to CAN$17 million ($16.6 million) last year, compared with a loss of CAN$32 million in 2006.
The CRTC reported 7.65 million Canadians were subscribers of basic cable in 2007, while another 2.6 million Canadians subscribed to satellite TV services during the same period.
Source: Hollywood Reporter
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