France’s giant pay TV operator Canal Plus Thursday reported provisional consolidated revenue of 6.264 billion French francs ($1.01 billion) for the first six months of 1997, a gain of 15.2% from the year before.
Consolidated revenue is composed solely of revenues from fully consolidated companies. It does not include revenues from the theme channels and foreign subsidiaries, with the exception of Canal Plus Horizons and NetHold (excluding Italy’s Telepiu).
Subscription revenue rose 9.8% thanks, in part, to Canalsatellite’s excellent marketing performance in France. Canalsatellite, a recently launched digital pay TV platform, reported a 41% increase in subscription revenue to FF407 million ($65.6 million), while Canal Plus boasted subscription revenue totaling FF4,179 million ($674 million).
The NetHold channels in Scandinavia and Benelux — which are now part of the Canal Plus Group —contributed 216 million French francs ($34.8 million) to subscription revenue in the second quarter. These channels were fully consolidated in Canal Plus’ buyout of NetHold on April 1.
Revenue from other goods and services mainly includes the contributions of Le Studio Canal Plus (FF136 million/$21.9 million), which is involved in film production, and Ellipse Programme (FF279 million/$45 million), which produces TV shows.
The Canal Plus Group recorded aggregate revenue of FF231 million ($37.3 million) from TV rights management via subsidiaries Canal Plus DA and UGC DA.