Discovery Channel

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

Table of Contents

Undertaking # Service Name Licensee Licensee Ultimate Owner Type Year
315413765 Discovery Channel 2953285 Canada Inc. BCE Inc.                                                    Specialty (category A service) 2016
Revenue ($)
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Residential/bulk/smatv subscriber revenue 37,561,048 36,916,596 -1.72 39,298,440 6.45 36,525,988 -7.05 36,677,680 0.42 -0.6
DTH subscriber revenue 12,813,795 12,759,759 -0.42 12,561,789 -1.55 12,043,683 -4.12 11,220,673 -6.83 -3.3
Local advertising revenue 0 0 n/a 0 n/a 0 n/a 0 n/a n/a
National advertising revenue 48,762,172 51,649,777 5.92 47,768,274 -7.52 47,735,419 -0.07 46,108,558 -3.41 -1.4
Other revenue 58,050 45,946 -20.85 193,999 322.23 1,067,848 450.44 681,695 -36.16 85.1
Total Revenue 99,195,065 101,372,078 2.19 99,822,502 -1.53 97,372,938 -2.45 94,688,606 -2.76 -1.2
Expenses ($)
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Programming and Production 55,167,950 60,635,604 9.91 59,228,062 -2.32 59,666,785 0.74 44,772,864 -24.96 -5.1
Technical 1,038,482 1,081,021 4.10 1,102,134 1.95 1,117,731 1.42 1,065,846 -4.64 0.7
Sales and Promotion 5,479,653 7,315,624 33.51 6,473,779 -11.51 6,805,641 5.13 6,998,249 2.83 6.3
Administration and General 3,826,290 4,519,959 18.13 4,145,161 -8.29 4,373,745 5.51 4,426,942 1.22 3.7
Total Expenses 65,512,375 73,552,208 12.27 70,949,136 -3.54 71,963,902 1.43 57,263,901 -20.43 -3.3
Performance ($)
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Operating Income 33,682,690 27,819,870 - 28,873,366 - 25,409,036 - 37,424,705 - -
Depreciation 2,014,491 1,596,609 -20.74 1,666,863 4.40 2,007,156 20.42 2,094,250 4.34 1.0
P.B.I.T. 31,668,199 26,223,261 - 27,206,503 - 23,401,880 - 35,330,455 - -
Interest Expense 122,225 2,428,788 >999± 2,685,969 10.59 5,919,267 120.38 782,843 -86.77 -
Adjustments - Gain (Loss) -2,498,854 0 -100.00 0 n/a 0 n/a 0 n/a -
Pre-tax Profit 29,047,120 23,794,473 - 24,520,534 - 17,482,613 - 34,547,612 - -
Canadian Programming Expenses ($)
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Acquisition of rights 23,117,073 30,324,090 31.18 31,788,851 4.83 27,636,839 -13.06 14,800,568 -46.45 -10.6
Script & concept 293,400 716,682 144.27 317,375 -55.72 305,822 -3.64 124,634 -59.25 -19.3
Filler Programming + Program Production 19,984,708 18,315,418 -8.35 15,333,669 -16.28 19,877,572 29.63 17,935,466 -9.77 -2.7
Investment in Programming 0 0 n/a 0 n/a 0 n/a 0 n/a n/a
Total Canadian Programming 43,395,181 49,356,190 13.74 47,439,895 -3.88 47,820,233 0.80 32,860,668 -31.28 -6.7
Canadian Programming/Revenue (%) 43.75 48.69 - 47.52 - 49.11 - 34.70 - -
Staff
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Total Remuneration ($) 4,967,867 5,019,206 1.03 4,724,466 -5.87 4,945,582 4.68 2,706,837 -45.27 -14.1
Total Staff Count 48 42 -12.50 40 -4.76 44 10.00 19.55 -55.57 -
Average Remuneration ($) 103,497 119,505 15.47 118,112 -1.17 112,400 -4.84 138,457 23.18 7.6
Subscribers
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
7,899,862 7,733,150 -2.11 7,560,436 -2.23 7,202,041 -4.74 6,899,477 -4.20 -3.3
Profitability (%)
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Operating Margin 34.0 27.4 - 28.9 - 26.1 - 39.5 - -
P.B.I.T. Margin 31.9 25.9 - 27.3 - 24.0 - 37.3 - -
Pre-tax Margin 29.3 23.5 - 24.6 - 18.0 - 36.5 - -

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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