OUTtv (formerly PrideVision)

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

Table of Contents

Undertaking # Service Name Licensee Licensee Ultimate Owner Type Year
305423973 OUTtv (formerly PrideVision) OUTtv Network Inc. Shavick, James                                              Specialty (category A service) 2016
Revenue ($)
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Residential/bulk/smatv subscriber revenue 1,997,254 3,119,560 56.19 3,090,991 -0.92 3,052,894 -1.23 2,841,247 -6.93 9.2
DTH subscriber revenue 1,866,709 1,867,411 0.04 1,848,171 -1.03 1,739,296 -5.89 1,548,791 -10.95 -4.6
Local advertising revenue 0 0 n/a 0 n/a 0 n/a 0 n/a n/a
National advertising revenue 81,228 102,712 26.45 184,743 79.87 247,191 33.80 182,886 -26.01 22.5
Other revenue 28,412 143,327 404.46 747,886 421.80 121,200 -83.79 161,969 33.64 54.5
Total Revenue 3,973,603 5,233,010 31.69 5,871,791 12.21 5,160,581 -12.11 4,734,893 -8.25 4.5
Expenses ($)
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Programming and Production 2,209,186 2,804,268 26.94 2,797,191 -0.25 2,248,045 -19.63 2,720,956 21.04 5.4
Technical 890,651 943,201 5.90 1,082,044 14.72 790,893 -26.91 951,031 20.25 1.7
Sales and Promotion 356,169 575,945 61.71 564,295 -2.02 448,502 -20.52 396,252 -11.65 2.7
Administration and General 337,473 622,779 84.54 880,412 41.37 1,115,029 26.65 952,609 -14.57 29.6
Total Expenses 3,793,479 4,946,193 30.39 5,323,942 7.64 4,602,469 -13.55 5,020,848 9.09 7.3
Performance ($)
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Operating Income 180,124 286,817 - 547,849 - 558,112 - -285,955 - -
Depreciation 24,581 23,441 -4.64 32,311 37.84 27,112 -16.09 26,749 -1.34 2.1
P.B.I.T. 155,543 263,376 - 515,538 - 531,000 - -312,704 - -
Interest Expense 40,840 46,476 13.80 56,228 20.98 51,344 -8.69 0 -100.00 -
Adjustments - Gain (Loss) 0 -29,207 n/a 0 -100.00 0 n/a 0 n/a -
Pre-tax Profit 114,703 187,693 - 459,310 - 479,656 - -312,704 - -
Canadian Programming Expenses ($)
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Acquisition of rights 760,095 692,394 -8.91 1,891,515 173.18 1,575,956 -16.68 1,096,954 -30.39 9.6
Script & concept 0 0 n/a 155,200 n/a 0 -100.00 0 n/a n/a
Filler Programming + Program Production 838,965 1,209,535 44.17 396,566 -67.21 513,929 29.59 791,018 53.92 -1.5
Investment in Programming 0 0 n/a 0 n/a 0 n/a 0 n/a n/a
Total Canadian Programming 1,599,060 1,901,929 18.94 2,443,281 28.46 2,089,885 -14.46 1,887,972 -9.66 4.2
Canadian Programming/Revenue (%) 40.24 36.34 - 41.61 - 40.50 - 39.87 - -
Staff
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Total Remuneration ($) 509,419 710,466 39.47 848,561 19.44 1,249,382 47.24 952,508 -23.76 16.9
Total Staff Count 8 10 25.00 11 10.00 13 18.18 11 -15.38 -
Average Remuneration ($) 63,677 71,047 11.57 77,142 8.58 96,106 24.58 86,592 -9.90 8.0
Subscribers
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
939,200 1,026,169 9.26 990,300 -3.50 914,962 -7.61 860,681 -5.93 -2.2
Profitability (%)
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Operating Margin 4.5 5.5 - 9.3 - 10.8 - -6.0 - -
P.B.I.T. Margin 3.9 5.0 - 8.8 - 10.3 - -6.6 - -
Pre-tax Margin 2.9 3.6 - 7.8 - 9.3 - -6.6 - -

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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