MTV (Canada) (formerly known as Talk TV)

Individual Discretionary and On-Demand Services - Statistical and Financial Summaries 2012-2016

Table of Contents

Undertaking # Service Name Licensee Licensee Ultimate Owner Type Year
305417372 MTV (Canada) (formerly known as Talk TV) Bell Media Inc. BCE Inc.                                                    Specialty (category A service) 2016
Revenue ($)
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Residential/bulk/smatv subscriber revenue 8,310,653 9,124,244 9.79 9,487,422 3.98 8,333,838 -12.16 7,560,291 -9.28 -2.3
DTH subscriber revenue 1,901,432 1,857,369 -2.32 1,761,810 -5.14 1,649,250 -6.39 1,439,647 -12.71 -6.7
Local advertising revenue 0 0 n/a 0 n/a 0 n/a 0 n/a n/a
National advertising revenue 13,653,578 12,192,391 -10.70 8,903,176 -26.98 8,401,166 -5.64 7,450,572 -11.32 -14.1
Other revenue 289,653 1,053,215 263.61 615,863 -41.53 319,340 -48.15 277,000 -13.26 -1.1
Total Revenue 24,155,316 24,227,219 0.30 20,768,271 -14.28 18,703,594 -9.94 16,727,510 -10.57 -8.8
Expenses ($)
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Programming and Production 20,963,978 18,751,536 -10.55 19,571,100 4.37 14,228,556 -27.30 13,474,897 -5.30 -10.5
Technical 600,601 841,691 40.14 921,168 9.44 812,726 -11.77 713,446 -12.22 4.4
Sales and Promotion 1,906,031 2,582,562 35.49 1,836,930 -28.87 1,361,360 -25.89 1,060,840 -22.07 -13.6
Administration and General 1,545,467 1,668,454 7.96 1,568,609 -5.98 1,740,119 10.93 894,968 -48.57 -12.8
Total Expenses 25,016,077 23,844,243 -4.68 23,897,807 0.22 18,142,761 -24.08 16,144,151 -11.02 -10.4
Performance ($)
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Operating Income -860,761 382,976 - -3,129,536 - 560,833 - 583,359 - -
Depreciation 1,696,937 1,741,095 2.60 1,591,357 -8.60 1,220,686 -23.29 1,094,892 -10.31 -10.4
P.B.I.T. -2,557,698 -1,358,119 - -4,720,893 - -659,853 - -511,533 - -
Interest Expense 1,946,113 1,811,697 -6.91 1,550,836 -14.40 1,252,118 -19.26 887,809 -29.10 -
Adjustments - Gain (Loss) 0 -9,542 n/a -164,572 >999± -896,946 445.02 -1,832,014 104.25 -
Pre-tax Profit -4,503,811 -3,179,358 - -6,436,301 - -2,808,917 - -3,231,356 - -
Canadian Programming Expenses ($)
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Acquisition of rights 101,147 157,268 55.48 1,410,014 796.57 2,476,930 75.67 3,202,130 29.28 137.2
Script & concept 50,000 0 -100.00 0 n/a 0 n/a 0 n/a -100.0
Filler Programming + Program Production 13,393,213 10,625,577 -20.66 8,897,941 -16.26 2,488,611 -72.03 871,645 -64.97 -49.5
Investment in Programming 0 0 n/a 0 n/a 0 n/a 0 n/a n/a
Total Canadian Programming 13,544,360 10,782,845 -20.39 10,307,955 -4.40 4,965,541 -51.83 4,073,775 -17.96 -25.9
Canadian Programming/Revenue (%) 56.07 44.51 - 49.63 - 26.55 - 24.35 - -
Staff
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Total Remuneration ($) 4,426,300 5,254,518 18.71 3,705,127 -29.49 664,662 -82.06 0 -100.00 -100.0
Total Staff Count 60 61 1.67 42.76 -29.90 15 -64.92 0 -100.00 -
Average Remuneration ($) 73,772 86,140 16.77 86,649 0.59 44,311 -48.86 n/a n/a n/a
Subscribers
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
6,501,481 6,361,023 -2.16 6,073,352 -4.52 5,799,647 -4.51 5,258,005 -9.34 -5.2
Profitability (%)
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Operating Margin -3.6 1.6 - -15.1 - 3.0 - 3.5 - -
P.B.I.T. Margin -10.6 -5.6 - -22.7 - -3.5 - -3.1 - -
Pre-tax Margin -18.6 -13.1 - -31.0 - -15.0 - -19.3 - -

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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