Canal Plus posts big gain in revs

French pay-TV giant Canal Plus reported an 11.9% gain in consolidated revenue for the first nine months of the year versus the same period last year.

A Canal Plus statement put revenue to Sept. 30 at 5.7 billion francs ($ 1.1 billion).

The vast majority of the web’s coin continues to come from its 3.4 million French subscribers, who collectively ponied up 4.7 billion francs ($ 940 million).

That represents a 9.7% increase on the same period in 1991, due to the fact that the number of people hooked up to the pay-TV network has risen by 128,000 this year.

Company figures show that income from advertising and sponsoring has also increased 41% so far this year and has brought in 286 million francs ($ 57 million). Canal Plus only carries ads during the three hours per day which it broadcasts “uncoded.”

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