CRTC releases non-conventional television finance report
The Canadian Radio-television and Telecommunications Commission has released its annual financial report for Canadian specialty, pay, pay-per-view and video-on-demand television services. According to the report, in 2011 these services generated revenues of $3.7 billion, representing an increase of 7.9% from the $3.5 billion of the previous year. This is due to a 10.9% growth in advertising revenues, which came in at $1.2 billion, and a 7% increase in subscriber revenues, totaling $2.4 billion. Expenses increased from $2.5 billion to $2.7 billion. This resulted in profits for the sector of $930.5 million, compared to $873.9 million the previous year. Of the total revenues, $1.7 billion came from terrestrial subscribers, $698.9 million came from direct-to-home satellite subscribers, $1.2 billion was from national advertising, $30.2 million was from local advertising and $94.4 million came from other sources. Specialty television generated $2.9 billion in revenues in 2011, $2.4 billion of which came from 49 analog services, while $479.8 million came from 113 digital services. Revenues for pay, pay-per-view and VOD services increased from $798.6 million to $855.6 million. In 2011, these sectors employed 5,900 people and paid $461 million in salaries, compared to the 5,495 people employed and $415 million paid in salaries the previous year.