Séries+

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

Table of Contents

Undertaking # Service Name Licensee Licensee Ultimate Owner Type Year
205421564 Séries+ 8504652 Canada Inc. Corus Entertainment Inc.                                    Specialty (category A service) 2016
Revenue ($)
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Residential/bulk/smatv subscriber revenue 9,147,987 9,629,343 5.26 10,419,953 8.21 9,468,386 -9.13 9,303,504 -1.74 0.4
DTH subscriber revenue 3,022,197 3,434,738 13.65 3,509,951 2.19 4,416,509 25.83 4,270,285 -3.31 9.0
Local advertising revenue 0 0 n/a 0 n/a 0 n/a 0 n/a n/a
National advertising revenue 18,405,372 19,612,951 6.56 19,475,134 -0.70 15,814,539 -18.80 15,453,024 -2.29 -4.3
Other revenue 0 0 n/a 842 n/a 138,670 >999± 0 -100.00 n/a
Total Revenue 30,575,556 32,677,032 6.87 33,405,880 2.23 29,838,104 -10.68 29,026,813 -2.72 -1.3
Expenses ($)
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Programming and Production 9,246,058 9,389,530 1.55 7,747,589 -17.49 8,028,887 3.63 13,878,550 72.86 10.7
Technical 763,077 774,382 1.48 1,553,250 100.58 445,035 -71.35 520,615 16.98 -9.1
Sales and Promotion 1,836,926 1,379,436 -24.91 1,819,210 31.88 1,818,386 -0.05 1,163,507 -36.01 -10.8
Administration and General 2,104,733 2,107,047 0.11 2,893,064 37.30 1,497,664 -48.23 2,006,480 33.97 -1.2
Total Expenses 13,950,794 13,650,395 -2.15 14,013,113 2.66 11,789,972 -15.86 17,569,152 49.02 5.9
Performance ($)
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Operating Income 16,624,762 19,026,637 - 19,392,767 - 18,048,132 - 11,457,661 - -
Depreciation 0 0 n/a 98,289 n/a 89,731 -8.71 551,780 514.93 n/a
P.B.I.T. 16,624,762 19,026,637 - 19,294,478 - 17,958,401 - 10,905,881 - -
Interest Expense 0 0 n/a -1,631 n/a 9,555,675 >999± 10,517,507 10.07 -
Adjustments - Gain (Loss) 0 0 n/a -115,609 n/a 501,775 -534.03 549,874 9.59 -
Pre-tax Profit 16,624,762 19,026,637 - 19,180,500 - 8,904,501 - 938,248 - -
Canadian Programming Expenses ($)
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Acquisition of rights 3,049,110 2,675,927 -12.24 2,058,080 -23.09 2,846,341 38.30 6,629,164 132.90 21.4
Script & concept 28,333 47,996 69.40 246,901 414.42 297,495 20.49 313,844 5.50 82.4
Filler Programming + Program Production 1,537,321 1,457,214 -5.21 795,404 -45.42 674,742 -15.17 780,222 15.63 -15.6
Investment in Programming 0 0 n/a 1,083,135 n/a 0 -100.00 0 n/a n/a
Total Canadian Programming 4,614,764 4,181,137 -9.40 4,183,520 0.06 3,818,578 -8.72 7,723,230 102.25 13.7
Canadian Programming/Revenue (%) 15.09 12.80 - 12.52 - 12.80 - 26.61 - -
Staff
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Total Remuneration ($) 2,817,135 2,839,792 0.80 1,227,540 -56.77 2,390,114 94.71 1,829,969 -23.44 -10.2
Total Staff Count 28 28 0.00 17.39 -37.89 74 325.53 57 -22.97 -
Average Remuneration ($) 100,612 101,421 0.80 70,589 -30.40 32,299 -54.24 32,105 -0.60 -24.8
Subscribers
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
2,088,135 2,079,697 -0.40 1,478,608 -28.90 1,435,247 -2.93 1,881,143 31.07 -2.6
Profitability (%)
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Operating Margin 54.4 58.2 - 58.1 - 60.5 - 39.5 - -
P.B.I.T. Margin 54.4 58.2 - 57.8 - 60.2 - 37.6 - -
Pre-tax Margin 54.4 58.2 - 57.4 - 29.8 - 3.2 - -

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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