CMT (formerly Country Music Television)

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

Table of Contents

Undertaking # Service Name Licensee Licensee Ultimate Owner Type Year
435413778 CMT (formerly Country Music Television) Country Music Television Ltd. Corus Entertainment Inc.                                    Specialty (category A service) 2016
Revenue ($)
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Residential/bulk/smatv subscriber revenue 3,471,732 3,282,503 -5.45 2,959,197 -9.85 2,821,423 -4.66 2,782,363 -1.38 -5.4
DTH subscriber revenue 1,263,100 1,249,811 -1.05 1,275,875 2.09 1,196,691 -6.21 1,279,709 6.94 0.3
Local advertising revenue 0 0 n/a 0 n/a 0 n/a 0 n/a n/a
National advertising revenue 24,539,232 20,190,088 -17.72 15,388,515 -23.78 15,816,972 2.78 17,434,602 10.23 -8.2
Other revenue 0 0 n/a 0 n/a 60,671 n/a 0 -100.00 n/a
Total Revenue 29,274,064 24,722,402 -15.55 19,623,587 -20.62 19,895,757 1.39 21,496,674 8.05 -7.4
Expenses ($)
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Programming and Production 11,988,205 12,371,403 3.20 12,090,952 -2.27 13,231,576 9.43 10,716,038 -19.01 -2.8
Technical 661,814 593,260 -10.36 518,852 -12.54 539,802 4.04 490,828 -9.07 -7.2
Sales and Promotion 3,333,580 2,823,545 -15.30 944,161 -66.56 227,864 -75.87 917,111 302.48 -27.6
Administration and General 4,530,905 3,750,292 -17.23 2,628,576 -29.91 1,720,038 -34.56 2,309,860 34.29 -15.5
Total Expenses 20,514,504 19,538,500 -4.76 16,182,541 -17.18 15,719,280 -2.86 14,433,837 -8.18 -8.4
Performance ($)
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Operating Income 8,759,560 5,183,902 - 3,441,046 - 4,176,477 - 7,062,837 - -
Depreciation 1,026,209 1,128,969 10.01 786,933 -30.30 718,444 -8.70 786,932 9.53 -6.4
P.B.I.T. 7,733,351 4,054,933 - 2,654,113 - 3,458,033 - 6,275,905 - -
Interest Expense 299,375 387,582 29.46 478,459 23.45 185,185 -61.30 -57,867 -131.25 -
Adjustments - Gain (Loss) 689,060 -142,037 -120.61 7,941 -105.59 -158,787 >999± -159,741 0.60 -
Pre-tax Profit 8,123,036 3,525,314 - 2,183,595 - 3,114,061 - 6,174,031 - -
Canadian Programming Expenses ($)
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Acquisition of rights 7,961,724 8,519,366 7.00 7,859,376 -7.75 8,347,558 6.21 6,544,523 -21.60 -4.8
Script & concept 247,093 279,642 13.17 349,086 24.83 402,544 15.31 316,323 -21.42 6.4
Filler Programming + Program Production 872,363 766,980 -12.08 638,023 -16.81 710,875 11.42 783,848 10.27 -2.6
Investment in Programming 47,500 60,000 26.32 140,443 134.07 336,405 139.53 0 -100.00 -100.0
Total Canadian Programming 9,128,680 9,625,988 5.45 8,986,928 -6.64 9,797,382 9.02 7,644,694 -21.97 -4.3
Canadian Programming/Revenue (%) 31.18 38.94 - 45.80 - 49.24 - 35.56 - -
Staff
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Total Remuneration ($) 3,624,419 2,429,796 -32.96 741,969 -69.46 572,565 -22.83 624,691 9.10 -35.6
Total Staff Count 70 56 -20.00 26 -53.57 30 15.38 29 -3.33 -
Average Remuneration ($) 51,777 43,389 -16.20 28,537 -34.23 19,086 -33.12 21,541 12.87 -19.7
Subscribers
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
10,654,934 10,577,182 -0.73 10,220,615 -3.37 9,948,757 -2.66 6,215,760 -37.52 -12.6
Profitability (%)
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Operating Margin 29.9 21.0 - 17.5 - 21.0 - 32.9 - -
P.B.I.T. Margin 26.4 16.4 - 13.5 - 17.4 - 29.2 - -
Pre-tax Margin 27.7 14.3 - 11.1 - 15.7 - 28.7 - -

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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