LONDON — Pan-European kids entertainment company Jetix Europe has announced a 12% increase in revenue to Euros 162.4 million ($213 million) in the year to Sept. 30, its second full year of operations.
Company, based in London and Amsterdam and formerly known as Fox Kids Europe, said gross earnings grew 27% to Euros 62.4 million, mainly on the back of subscription and advertising revenue growth.
“This year we have continued to pursue our long term strategic objectives, and we have made significant progress,” said CEO Paul Taylor.
The Jetix subscriber base grew by 5 million to 46.8 million households in 58 countries across Europe and the Middle East in the 12 months to Sep. 30.
Jetix attributed the increase in households to expansion of existing distributors as well as the addition of new platforms.
It said the markets of Spain and Central and Eastern Europe had seen strong growth, expanding by 20% over the year, most notably in CEE where an additional 1 million households signed up for Jetix.
The U.K. and German markets had remained relatively flat following the restructuring of the basic package on U.K. distributor BSkyB and the continued modest penetration of pay TV into Germany.
Aside from continuing to secure distribution deals, Taylor said Jetix had increased its focus on developing new means of delivering content to audiences.
Part of the strategy, he explained, was the development of an advertiser supported broadband video service allowing content to be viewed from its Websites.
The service was rolled out in the Netherlands in June, where 4 million pieces of content have streamed since the launch.
On the content front, Taylor noted the Jetix alliance with Disney had continued to develop over the year.
The Disney ABC Cable Networks Group, for example, had acquired Jetix productions and co-productions “Oban-Star Racers,” “Pucca” and “A.T.O.M. Alpha Teens on Machines” and was currently airing them on the Toon Disney Channel.
He added that Jetix and Disney had also jointly commissioned and produced the hit show “Yin Yang Yo!.”