Pay and Specialty - Makeful TV (formerly BITE Television)

Individual Pay, Pay-per-view, Video-on-demand and Specialty Services - Financial Summary 2011-2015

Table of Contents

Undertaking # Service Name Licensee Licensee Ultimate Owner Type Year
305428600 Makeful TV (formerly BITE Television) Blue Ant Media Partnership Blue Ant Media Inc. Specialty (category B service) 2015

Revenue ($)
2011 2012 Var % 2013 Var % 2014 Var % 2015 Var % CAGR (%)
Residential/bulk/SMATV subscriber revenue
DTH revenue
Local advertising revenue
National advertising revenue
Other revenue
Total Revenue 1,110,285 1,617,232 45.66 1,780,576 10.10 1,899,675 6.69 2,328,969 22.60 20.4

Expenses ($)
2011 2012 Var % 2013 Var % 2014 Var % 2015 Var % CAGR (%)
Programming and Production 890,757 1,041,669 16.94 695,401 -33.24 1,005,361 44.57 1,539,904 53.17 14.7
Technical
Sales and Promotion
Administration and General
Total Expenses

Performance ($)
2011 2012 Var % 2013 Var % 2014 Var % 2015 Var % CAGR (%)
Operating Income
Depreciation
P.B.I.T.
Interest Expense
Adjustments - Gain (Loss)
Pre-tax Profit

Canadian Programming Expenses ($)
2011 2012 Var % 2013 Var % 2014 Var % 2015 Var % CAGR (%)
Acquisition of rights 592,983 153,959 -74.04 99,626 -35.29 277,949 178.99 469,740 69.00 -5.7
Script & concept 0 0 0 0 0
Filler Programming + Program Production 22,412 410,453 >999± 120,774 -70.58 60,821 -49.64 29,567 -51.39 7.2
Investment in Programming 0 0 7,736 0 -100.00 285,250
Total Canadian Programming 615,395 564,412 -8.28 228,136 -59.58 338,770 48.49 784,557 131.59 6.3
Canadian Programming/Revenue (%) 55.43 34.90 12.81 17.83 33.69

Staff
2011 2012 Var % 2013 Var % 2014 Var % 2015 Var % CAGR (%)
Total Remuneration ($)
Average Staff Count
Avg Remuneration ($)

Subscribers
2011 2012 Var % 2013 Var % 2014 Var % 2015 Var % CAGR (%)
Subscribers

Profitability (%)
2011 2012 Var % 2013 Var % 2014 Var % 2015 Var % CAGR (%)
Operating Margin
P.B.I.T. Margin
Pre-tax Margin

CAGR = Compound Annual Growth Rate

DTH = Direct-to-Home

SMATV = Satellite Master Atenna Television

P.B.I.T. = Profit Before Interest and Tax

Var = Variation

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