Muvi Blogs

Beyond The Buzz- Latest Insights From Muvi

CRTC releases 2014 financial results for specialty, pay, pay-per-view and video-on-demand television services

The-CRTC-Communications-Monitoring-Report-2014-tv-financing-model

The Canadian Radio-television and Telecommunications Commission (CRTC) today released statistical and financial information on Canadian specialty, pay,  pay-per-view and video on demand services for the broadcast year ending August 31, 2014.

In 2014, revenues from these services increased by 3.1% compared to the previous year, rising from 4.1 to 4.2 billion dollars. This increase is largely attributable to an increase in subscription revenues of $160.3 million (or 5.9%) compared to 2013, which more than compensated for the drop of $53.6 million (or -4.2%) in national advertising revenues.

A major driving force for growth in specialty service revenues was sports services (such as TSN, Sportsnet and RDS), which saw their revenues increase by $124.2 million (or 13.6%) in 2014.

Specialty, pay, pay-per-view and video-on-demand television services invested $1.5 billion in the creation of new television programs produced by Canadians, an increase of over 12% compared to the $1.3 billion invested the previous year. Again, this increase is largely attributable to sports services, whose Canadian programming expenditures increased by $132 million (or 32%) compared to 2013.

Read the entire story here.

Tags

Latest Tweets

Join Us On Facebook

Subscribe to our Newsletter


We use cookies for best experience on website. By using our site you agree to

Cookies Policy