Canal Plus revenue up

Canal Plus, Europe’s largest pay TV network, reported consolidated revenue for the first nine months of the year is up 9.4% over 1992 at 6.3 billion francs ($ 1.1 billion).

A company statement released Thursday said subscription revenue rose 10.4% to 5.2 billion francs ($ 912 million).

Meanwhile, advertising and sponsorship deals were worth 326 million francs ($ 57 million).

Revenue from the network’s film production arm, Studio Canal Plus, dipped slightly to 170 million francs ($ 29.8 million). After a year-end net loss of around $ 21 million, Studio Canal Plus is expected to show a profit this year.

Of the foreign affiliates, Canal Plus Belgium and Canal Plus Spain are past the break-even point, while the German subsid, Premiere, is due to start making money in early 1994.

Company insiders continue to predict that 1993 profits will be 1.2 billion francs ($ 210 million).

Want to read more articles like this one? SUBSCRIBE TO VARIETY TODAY.
Post A Comment 0

Leave a Reply

No Comments

Comments are moderated. They may be edited for clarity and reprinting in whole or in part in Variety publications.

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

More Biz News from Variety

Loading