French pay TV giant Canal Plus predicted upbeat results for 1993, with estimated revenues of 8.6 billion francs ($ 1.4 billion), a 9.3% increase from 1992, according to a company statement Tuesday.
The pay TV web did not give profit figures, but a spokeswoman confirmed they are expected to be about $ 200 million.
Subscription revenue, which provides much of the web’s coin, rose 10% to $ 1. 1 billion, with $ 13 million from Canal Satellite.
Revenues from other goods — which include film production arm Le Studio Canal Plus, TV production company Ellipse and satellite dish manufacturer Antennes Tonna — were up 8.1% at $ 199 million.
With 3.7 million subscribers in France, Canal Plus management now says the network is nearing its maximum capacity in its home territory and the emphasis is turning to foreign expansion.
Canal Plus already has subsidiaries in Belgium, Germany, Spain and parts of Africa and is set to launch a Turkish service this year with HBO as a partner. In addition, Poland’s licensing authority has given the greenlight for the Paris-based company to launch a pay service in Poland.