Kids' channel adds 3.7 million
LONDON — Net profits at Jetix, the Disney-backed pan-European kids’ web, surged by 60% to Euros 37.8 million ($55 million) for the year ending Sept. 30.
Despite setbacks in the U.K. and Germany, where fewer households signed up for the channel, overall Jetix added 3.7 million subscribers.
This resulted in a total of 50.5 million households in 58 countries receiving the net as subscription sales grew by 4%.
There were strong perfs in France and Spain, while the combo’s activities in Central and Eastern Europe, driven by Russia, led to a million new subscribers.
While ad coin grew in Italy and Poland, Jetix said this was more than offset by declines elsewhere, especially in the U.K., the world’s most crowded kids’ market.