The Movie Network

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

Table of Contents

Undertaking # Service Name Licensee Licensee Ultimate Owner Type Year
314600354 The Movie Network Bell Media Inc. BCE Inc.                                                    Pay-TV (category A service) 2016
Revenue ($)
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Residential/bulk/smatv subscriber revenue 75,387,579 73,589,577 -2.39 68,801,498 -6.51 63,731,171 -7.37 94,966,318 49.01 5.9
DTH subscriber revenue 55,239,473 54,177,318 -1.92 55,678,788 2.77 56,828,375 2.06 72,484,821 27.55 7.0
Local advertising revenue 0 0 n/a 0 n/a 0 n/a 0 n/a n/a
National advertising revenue 0 0 n/a 0 n/a 0 n/a 0 n/a n/a
Other revenue 6,079,650 0 -100.00 0 n/a 4,307 n/a 17,139 297.93 -77.0
Total Revenue 136,706,702 127,766,895 -6.54 124,480,286 -2.57 120,563,853 -3.15 167,468,278 38.90 5.2
Expenses ($)
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Programming and Production 95,632,984 89,563,224 -6.35 87,680,702 -2.10 99,814,552 13.84 139,487,539 39.75 9.9
Technical 1,413,527 1,010,318 -28.53 1,087,043 7.59 2,529,218 132.67 4,886,263 93.19 36.4
Sales and Promotion 5,877,476 4,989,104 -15.11 2,377,908 -52.34 5,174,135 117.59 2,060,208 -60.18 -23.1
Administration and General 5,097,931 14,065,793 175.91 2,682,632 -80.93 3,448,144 28.54 3,488,243 1.16 -9.1
Total Expenses 108,021,918 109,628,439 1.49 93,828,285 -14.41 110,966,049 18.27 149,922,253 35.11 8.5
Performance ($)
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Operating Income 28,684,784 18,138,456 - 30,652,001 - 9,597,804 - 17,546,025 - -
Depreciation 1,114,071 1,509,862 35.53 3,981,350 163.69 5,493,163 37.97 4,508,818 -17.92 41.8
P.B.I.T. 27,570,713 16,628,594 - 26,670,651 - 4,104,641 - 13,037,207 - -
Interest Expense 858,920 642,843 -25.16 0 -100.00 89,747 n/a 425,513 374.13 -
Adjustments - Gain (Loss) -200,000 -200,000 0.00 -91,244 -54.38 0 -100.00 4,167 n/a -
Pre-tax Profit 26,511,793 15,785,751 - 26,579,407 - 4,014,894 - 12,615,861 - -
Canadian Programming Expenses ($)
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Acquisition of rights 17,609,411 16,587,714 -5.80 15,426,886 -7.00 21,464,612 39.14 36,136,378 68.35 19.7
Script & concept 1,300,000 1,300,000 0.00 1,809,751 39.21 2,389,120 32.01 1,781,712 -25.42 8.2
Filler Programming + Program Production 3,985,558 2,273,962 -42.94 474,893 -79.12 611,166 28.70 485,164 -20.62 -40.9
Investment in Programming 5,665,588 3,117,821 -44.97 664,000 -78.70 3,298,955 396.83 1,827,373 -44.61 -24.6
Total Canadian Programming 28,560,557 23,279,497 -18.49 18,375,530 -21.07 27,763,853 51.09 40,230,627 44.90 8.9
Canadian Programming/Revenue (%) 20.89 18.22 - 14.76 - 23.03 - 24.02 - -
Staff
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Total Remuneration ($) 14,135,158 12,633,096 -10.63 2,798,663 -77.85 610,362 -78.19 652,388 6.89 -53.7
Total Staff Count 157 148 -5.73 44.66 -69.82 9 -79.85 5.02 -44.22 -
Average Remuneration ($) 90,033 85,359 -5.19 62,666 -26.59 67,818 8.22 129,958 91.63 9.6
Subscribers
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
1,187,520 1,181,772 -0.48 1,152,851 -2.45 1,132,667 -1.75 1,937,428 71.05 13.0
Profitability (%)
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Operating Margin 21.0 14.2 - 24.6 - 8.0 - 10.5 - -
P.B.I.T. Margin 20.2 13.0 - 21.4 - 3.4 - 7.8 - -
Pre-tax Margin 19.4 12.4 - 21.4 - 3.3 - 7.5 - -

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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