Cottage Life (formerly Bold)

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

Table of Contents

Undertaking # Service Name Licensee Licensee Ultimate Owner Type Year
405423948 Cottage Life (formerly Bold) Blue Ant Television General Partnership Blue Ant Media Inc.                                         Specialty (category A service) 2016
Revenue ($)
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Residential/bulk/smatv subscriber revenue 1,672,534 1,640,141 -1.94 1,587,616 -3.20 1,587,366 -0.02 1,616,473 1.83 -0.9
DTH subscriber revenue 2,356,900 2,342,618 -0.61 2,325,501 -0.73 2,253,251 -3.11 2,121,787 -5.83 -2.6
Local advertising revenue 0 0 n/a 0 n/a 0 n/a 0 n/a n/a
National advertising revenue 61,115 18,108 -70.37 780,806 >999± 1,004,362 28.63 1,333,731 32.79 116.1
Other revenue 0 0 n/a 0 n/a 0 n/a 25,749 n/a n/a
Total Revenue 4,090,549 4,000,867 -2.19 4,693,923 17.32 4,844,979 3.22 5,097,740 5.22 5.7
Expenses ($)
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Programming and Production 1,527,962 1,418,722 -7.15 1,082,256 -23.72 2,515,885 132.47 3,972,883 57.91 27.0
Technical 724,538 621,187 -14.26 810,250 30.44 783,000 -3.36 375,814 -52.00 -15.1
Sales and Promotion 486,262 325,648 -33.03 785,394 141.18 441,751 -43.75 282,872 -35.97 -12.7
Administration and General 34,157 700,136 >999± 1,322,590 88.90 1,320,000 -0.20 774,559 -41.32 118.2
Total Expenses 2,772,919 3,065,693 10.56 4,000,490 30.49 5,060,636 26.50 5,406,128 6.83 18.2
Performance ($)
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Operating Income 1,317,630 935,174 - 693,433 - -215,657 - -308,388 - -
Depreciation 0 0 n/a 0 n/a 0 n/a 0 n/a n/a
P.B.I.T. 1,317,630 935,174 - 693,433 - -215,657 - -308,388 - -
Interest Expense 0 0 n/a 0 n/a 0 n/a 108,211 n/a -
Adjustments - Gain (Loss) 0 0 n/a 0 n/a 0 n/a -7,900,000 n/a -
Pre-tax Profit 1,317,630 935,174 - 693,433 - -215,657 - -8,316,599 - -
Canadian Programming Expenses ($)
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Acquisition of rights 685,448 345,859 -49.54 520,868 50.60 1,504,508 188.85 2,341,410 55.63 36.0
Script & concept 0 0 n/a 0 n/a 0 n/a 0 n/a n/a
Filler Programming + Program Production 391,338 93,253 -76.17 455,229 388.17 747,750 64.26 791,648 5.87 19.3
Investment in Programming 8,775 414,273 >999± 0 -100.00 0 n/a 130,314 n/a 96.3
Total Canadian Programming 1,085,561 853,385 -21.39 976,097 14.38 2,252,258 130.74 3,263,372 44.89 31.7
Canadian Programming/Revenue (%) 26.54 21.33 - 20.79 - 46.49 - 64.02 - -
Staff
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Total Remuneration ($) 671,322 323,949 -51.74 0 -100.00 0 n/a 0 n/a -100.0
Total Staff Count 7.5 4.38 -41.60 0 -100.00 0 n/a 0 n/a -
Average Remuneration ($) 89,510 73,961 -17.37 n/a n/a n/a n/a n/a n/a n/a
Subscribers
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
2,635,696 2,565,383 -2.67 2,509,466 -2.18 2,389,188 -4.79 2,277,216 -4.69 -3.6
Profitability (%)
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Operating Margin 32.2 23.4 - 14.8 - -4.5 - -6.0 - -
P.B.I.T. Margin 32.2 23.4 - 14.8 - -4.5 - -6.0 - -
Pre-tax Margin 32.2 23.4 - 14.8 - -4.5 - -163.1 - -

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

Date modified: