Space (formerly Space: The Imagination Station)

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

Table of Contents

Undertaking # Service Name Licensee Licensee Ultimate Owner Type Year
305417306 Space (formerly Space: The Imagination Station) Bell Media Inc. BCE Inc.                                                    Specialty (category A service) 2016
Revenue ($)
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Residential/bulk/smatv subscriber revenue 16,796,893 16,714,085 -0.49 18,640,373 11.52 17,390,266 -6.71 17,267,464 -0.71 0.7
DTH subscriber revenue 5,674,387 5,906,835 4.10 5,865,694 -0.70 5,724,826 -2.40 5,408,373 -5.53 -1.2
Local advertising revenue 0 0 n/a 0 n/a 0 n/a 0 n/a n/a
National advertising revenue 27,582,371 27,638,399 0.20 26,527,579 -4.02 31,765,179 19.74 33,900,262 6.72 5.3
Other revenue 92,206 14,670 -84.09 52,588 258.47 60,000 14.09 74,472 24.12 -5.2
Total Revenue 50,145,857 50,273,989 0.26 51,086,234 1.62 54,940,271 7.54 56,650,571 3.11 3.1
Expenses ($)
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Programming and Production 18,367,094 24,728,320 34.63 25,498,668 3.12 17,903,801 -29.79 20,171,214 12.66 2.4
Technical 1,426,726 1,374,150 -3.69 1,344,777 -2.14 1,183,783 -11.97 1,038,588 -12.27 -7.6
Sales and Promotion 2,492,057 2,996,612 20.25 2,291,021 -23.55 2,351,927 2.66 2,766,303 17.62 2.6
Administration and General 3,306,103 3,184,090 -3.69 3,782,557 18.80 4,115,939 8.81 2,540,180 -38.28 -6.4
Total Expenses 25,591,980 32,283,172 26.15 32,917,023 1.96 25,555,450 -22.36 26,516,285 3.76 0.9
Performance ($)
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Operating Income 24,553,877 17,990,817 - 18,169,211 - 29,384,821 - 30,134,286 - -
Depreciation 1,123,127 741,071 -34.02 771,387 4.09 912,774 18.33 1,036,291 13.53 -2.0
P.B.I.T. 23,430,750 17,249,746 - 17,397,824 - 28,472,047 - 29,097,995 - -
Interest Expense 0 0 n/a 8 n/a 866 >999± 0 -100.00 -
Adjustments - Gain (Loss) -3,404,749 -3,454,291 1.46 -5,235,231 51.56 -5,104,058 -2.51 -5,949,099 16.56 -
Pre-tax Profit 20,026,001 13,795,455 - 12,162,585 - 23,367,123 - 23,148,896 - -
Canadian Programming Expenses ($)
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Acquisition of rights 7,965,257 14,115,325 77.21 12,971,014 -8.11 3,339,810 -74.25 5,981,183 79.09 -6.9
Script & concept 86,667 100,000 15.38 34,945 -65.06 0 -100.00 0 n/a -100.0
Filler Programming + Program Production 4,867,235 3,423,025 -29.67 3,654,848 6.77 3,220,182 -11.89 3,002,530 -6.76 -11.4
Investment in Programming 0 0 n/a 0 n/a 0 n/a 0 n/a n/a
Total Canadian Programming 12,919,159 17,638,350 36.53 16,660,807 -5.54 6,559,992 -60.63 8,983,713 36.95 -8.7
Canadian Programming/Revenue (%) 25.76 35.08 - 32.61 - 11.94 - 15.86 - -
Staff
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Total Remuneration ($) 1,724,502 1,820,195 5.55 2,320,504 27.49 1,803,838 -22.27 1,769,043 -1.93 0.6
Total Staff Count 18 18.08 0.44 29.92 65.49 25 -16.44 17.3 -30.80 -
Average Remuneration ($) 95,806 100,675 5.08 77,557 -22.96 72,154 -6.97 102,257 41.72 1.6
Subscribers
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
6,678,905 6,562,605 -1.74 6,355,043 -3.16 6,096,674 -4.07 5,858,328 -3.91 -3.2
Profitability (%)
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Operating Margin 49.0 35.8 - 35.6 - 53.5 - 53.2 - -
P.B.I.T. Margin 46.7 34.3 - 34.1 - 51.8 - 51.4 - -
Pre-tax Margin 39.9 27.4 - 23.8 - 42.5 - 40.9 - -

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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