The Movie Network Encore (formerly Mpix)

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

Table of Contents

Undertaking # Service Name Licensee Licensee Ultimate Owner Type Year
315413716 The Movie Network Encore (formerly Mpix) Bell Media Inc. BCE Inc.                                                    Pay-TV (category A service) 2016
Revenue ($)
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Residential/bulk/smatv subscriber revenue 15,070,928 14,491,607 -3.84 12,973,790 -10.47 11,280,019 -13.06 16,057,379 42.35 1.6
DTH subscriber revenue 8,749,254 8,627,296 -1.39 8,850,341 2.59 9,094,357 2.76 11,882,599 30.66 8.0
Local advertising revenue 0 0 n/a 0 n/a 0 n/a 0 n/a n/a
National advertising revenue 0 0 n/a 0 n/a 0 n/a 0 n/a n/a
Other revenue 0 0 n/a 0 n/a 0 n/a 0 n/a n/a
Total Revenue 23,820,182 23,118,903 -2.94 21,824,131 -5.60 20,374,376 -6.64 27,939,978 37.13 4.1
Expenses ($)
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Programming and Production 8,269,750 7,494,895 -9.37 7,129,602 -4.87 5,586,643 -21.64 8,861,979 58.63 1.7
Technical 1,436,330 1,433,219 -0.22 1,329,648 -7.23 1,643,547 23.61 1,653,228 0.59 3.6
Sales and Promotion 895,025 730,304 -18.40 248,121 -66.02 164,214 -33.82 78,361 -52.28 -45.6
Administration and General 1,431,644 1,377,471 -3.78 762,907 -44.62 662,547 -13.15 274,251 -58.61 -33.8
Total Expenses 12,032,749 11,035,889 -8.28 9,470,278 -14.19 8,056,951 -14.92 10,867,819 34.89 -2.5
Performance ($)
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Operating Income 11,787,433 12,083,014 - 12,353,853 - 12,317,425 - 17,072,159 - -
Depreciation 0 0 n/a 220,162 n/a 575,337 161.32 599,912 4.27 n/a
P.B.I.T. 11,787,433 12,083,014 - 12,133,691 - 11,742,088 - 16,472,247 - -
Interest Expense 350,219 331,007 -5.49 0 -100.00 0 n/a 0 n/a -
Adjustments - Gain (Loss) 0 0 n/a 0 n/a 0 n/a 0 n/a -
Pre-tax Profit 11,437,214 11,752,007 - 12,133,691 - 11,742,088 - 16,472,247 - -
Canadian Programming Expenses ($)
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Acquisition of rights 1,472,822 1,649,139 11.97 2,178,935 32.13 1,767,460 -18.88 2,028,794 14.79 8.3
Script & concept 0 0 n/a 0 n/a 0 n/a 0 n/a n/a
Filler Programming + Program Production 1,208,984 966,093 -20.09 0 -100.00 0 n/a 0 n/a -100.0
Investment in Programming 1,791,210 1,059,417 -40.85 528,000 -50.16 0 -100.00 0 n/a -100.0
Total Canadian Programming 4,473,016 3,674,649 -17.85 2,706,935 -26.33 1,767,460 -34.71 2,028,794 14.79 -17.9
Canadian Programming/Revenue (%) 18.78 15.89 - 12.40 - 8.67 - 7.26 - -
Staff
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Total Remuneration ($) 919,556 946,390 2.92 194,060 -79.49 69,157 -64.36 122,567 77.23 -39.6
Total Staff Count 15 15 0.00 2.9 -80.67 1 -65.52 1.67 67.00 -
Average Remuneration ($) 61,304 63,093 2.92 66,917 6.06 69,157 3.35 73,393 6.13 4.6
Subscribers
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
1,480,266 1,401,247 -5.34 1,316,313 -6.06 1,225,426 -6.90 2,506,398 104.53 14.1
Profitability (%)
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Operating Margin 49.5 52.3 - 56.6 - 60.5 - 61.1 - -
P.B.I.T. Margin 49.5 52.3 - 55.6 - 57.6 - 59.0 - -
Pre-tax Margin 48.0 50.8 - 55.6 - 57.6 - 59.0 - -

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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