E! (formerly Star! TV)

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

Table of Contents

Undertaking # Service Name Licensee Licensee Ultimate Owner Type Year
305417330 E! (formerly Star! TV) Bell Media Inc. BCE Inc.                                                    Specialty (category A service) 2016
Revenue ($)
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Residential/bulk/smatv subscriber revenue 13,624,182 13,388,515 -1.73 11,801,861 -11.85 12,281,339 4.06 11,298,791 -8.00 -4.6
DTH subscriber revenue 3,723,306 3,402,754 -8.61 3,153,245 -7.33 2,839,354 -9.95 3,200,692 12.73 -3.7
Local advertising revenue 0 0 n/a 0 n/a 0 n/a 0 n/a n/a
National advertising revenue 11,223,517 13,979,104 24.55 14,217,359 1.70 14,430,077 1.50 16,873,855 16.94 10.7
Other revenue 18,662 17,877 -4.21 176,290 886.13 45,445 -74.22 30,000 -33.99 12.6
Total Revenue 28,589,667 30,788,250 7.69 29,348,755 -4.68 29,596,215 0.84 31,403,338 6.11 2.4
Expenses ($)
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Programming and Production 13,850,838 13,772,555 -0.57 17,955,291 30.37 15,101,565 -15.89 14,949,306 -1.01 1.9
Technical 1,209,998 1,223,936 1.15 1,165,296 -4.79 1,038,630 -10.87 970,114 -6.60 -5.4
Sales and Promotion 1,077,348 1,901,553 76.50 1,567,831 -17.55 1,324,734 -15.51 1,412,450 6.62 7.0
Administration and General 2,512,399 1,994,248 -20.62 2,085,017 4.55 2,243,225 7.59 1,381,329 -38.42 -13.9
Total Expenses 18,650,583 18,892,292 1.30 22,773,435 20.54 19,708,154 -13.46 18,713,199 -5.05 0.1
Performance ($)
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Operating Income 9,939,084 11,895,958 - 6,575,320 - 9,888,061 - 12,690,139 - -
Depreciation 728,215 540,507 -25.78 546,183 1.05 606,083 10.97 686,528 13.27 -1.5
P.B.I.T. 9,210,869 11,355,451 - 6,029,137 - 9,281,978 - 12,003,611 - -
Interest Expense 283,463 308,266 8.75 518,134 68.08 970,472 87.30 929,209 -4.25 -
Adjustments - Gain (Loss) -1,943,457 -2,128,382 9.52 -1,919,099 -9.83 -2,254,876 17.50 -2,055,132 -8.86 -
Pre-tax Profit 6,983,949 8,918,803 - 3,591,904 - 6,056,630 - 9,019,270 - -
Canadian Programming Expenses ($)
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Acquisition of rights 158,177 823,472 420.60 3,988,277 384.32 3,314,818 -16.89 3,586,143 8.19 118.2
Script & concept 0 222,836 n/a 34,977 -84.30 0 -100.00 0 n/a n/a
Filler Programming + Program Production 7,561,341 5,199,825 -31.23 5,349,172 2.87 4,099,726 -23.36 3,939,308 -3.91 -15.0
Investment in Programming 0 0 n/a 0 n/a 0 n/a 0 n/a n/a
Total Canadian Programming 7,719,518 6,246,133 -19.09 9,372,426 50.05 7,414,544 -20.89 7,525,451 1.50 -0.6
Canadian Programming/Revenue (%) 27.00 20.29 - 31.93 - 25.05 - 23.96 - -
Staff
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Total Remuneration ($) 7,596,381 7,412,125 -2.43 7,352,618 -0.80 5,799,488 -21.12 5,168,921 -10.87 -9.2
Total Staff Count 71 65 -8.45 69.11 6.32 55 -20.42 52 -5.45 -
Average Remuneration ($) 106,991 114,033 6.58 106,390 -6.70 105,445 -0.89 99,402 -5.73 -1.8
Subscribers
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
6,880,039 7,114,520 3.41 7,136,382 0.31 7,068,626 -0.95 6,876,750 -2.71 0.0
Profitability (%)
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Operating Margin 34.8 38.6 - 22.4 - 33.4 - 40.4 - -
P.B.I.T. Margin 32.2 36.9 - 20.5 - 31.4 - 38.2 - -
Pre-tax Margin 24.4 29.0 - 12.2 - 20.5 - 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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