OWN: The Oprah Winfrey Network (formerly OWN; formerly VIVA)

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

Table of Contents

Undertaking # Service Name Licensee Licensee Ultimate Owner Type Year
305417257 OWN: The Oprah Winfrey Network (formerly OWN; formerly VIVA) OWN Inc. Corus Entertainment Inc.                                    Specialty (category A service) 2016
Revenue ($)
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Residential/bulk/smatv subscriber revenue 14,184,122 14,449,890 1.87 14,611,236 1.12 16,823,415 15.14 15,122,190 -10.11 1.6
DTH subscriber revenue 6,011,729 5,892,083 -1.99 5,540,076 -5.97 5,258,447 -5.08 3,265,490 -37.90 -14.2
Local advertising revenue 0 0 n/a 0 n/a 0 n/a 0 n/a n/a
National advertising revenue 7,904,731 9,065,868 14.69 8,147,606 -10.13 6,180,705 -24.14 5,953,185 -3.68 -6.8
Other revenue 95,114 96,063 1.00 203,023 111.34 338,105 66.54 0 -100.00 -100.0
Total Revenue 28,195,696 29,503,904 4.64 28,501,941 -3.40 28,600,672 0.35 24,340,865 -14.89 -3.6
Expenses ($)
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Programming and Production 13,721,076 18,593,690 35.51 20,562,282 10.59 21,342,152 3.79 14,763,418 -30.83 1.9
Technical 484,888 448,958 -7.41 413,858 -7.82 457,080 10.44 412,339 -9.79 -4.0
Sales and Promotion 2,196,914 644,463 -70.67 167,205 -74.06 205,850 23.11 255,400 24.07 -41.6
Administration and General 3,251,485 3,033,430 -6.71 2,631,514 -13.25 1,698,505 -35.46 1,881,881 10.80 -12.8
Total Expenses 19,654,363 22,720,541 15.60 23,774,859 4.64 23,703,587 -0.30 17,313,038 -26.96 -3.1
Performance ($)
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Operating Income 8,541,333 6,783,363 - 4,727,082 - 4,897,085 - 7,027,827 - -
Depreciation 1,066,773 1,171,257 9.79 897,215 -23.40 809,775 -9.75 503,226 -37.86 -17.1
P.B.I.T. 7,474,560 5,612,106 - 3,829,867 - 4,087,310 - 6,524,601 - -
Interest Expense 1,396,650 1,022,576 -26.78 1,233,990 20.67 1,126,024 -8.75 1,168,624 3.78 -
Adjustments - Gain (Loss) 1,146,331 231,856 -79.77 1,511,952 552.11 1,574,724 4.15 1,608,617 2.15 -
Pre-tax Profit 7,224,241 4,821,386 - 4,107,829 - 4,536,010 - 6,964,594 - -
Canadian Programming Expenses ($)
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Acquisition of rights 5,199,645 6,247,421 20.15 5,730,767 -8.27 4,354,026 -24.02 3,220,705 -26.03 -11.3
Script & concept 285,898 414,826 45.10 415,957 0.27 224,489 -46.03 182,509 -18.70 -10.6
Filler Programming + Program Production 884,924 893,038 0.92 735,081 -17.69 857,743 16.69 653,165 -23.85 -7.3
Investment in Programming 451,996 103,600 -77.08 0 -100.00 1,225,283 n/a 0 -100.00 -100.0
Total Canadian Programming 6,822,463 7,658,885 12.26 6,881,805 -10.15 6,661,541 -3.20 4,056,379 -39.11 -12.2
Canadian Programming/Revenue (%) 24.20 25.96 - 24.15 - 23.29 - 16.66 - -
Staff
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Total Remuneration ($) 1,323,255 1,167,216 -11.79 744,411 -36.22 480,050 -35.51 433,877 -9.62 -24.3
Total Staff Count 28 24 -14.29 23 -4.17 25 8.70 18 -28.00 -
Average Remuneration ($) 47,259 48,634 2.91 32,366 -33.45 19,202 -40.67 24,104 25.53 -15.5
Subscribers
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
6,219,356 6,157,269 -1.00 6,058,998 -1.60 6,066,765 0.13 4,820,821 -20.54 -6.2
Profitability (%)
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Operating Margin 30.3 23.0 - 16.6 - 17.1 - 28.9 - -
P.B.I.T. Margin 26.5 19.0 - 13.4 - 14.3 - 26.8 - -
Pre-tax Margin 25.6 16.3 - 14.4 - 15.9 - 28.6 - -

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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