×
You will be redirected back to your article in seconds

Japanese cablers log profitable year

Expenses down, subs up

TOKYO — Over half of the cable TV companies in Japan moved into the black in the last fiscal year, marking the first time since the government began tallying CATV data in fiscal 1992 that the majority of companies in the sector were profitable, the Ministry of Posts and Telecommunications said on Thursday.

The operating income on average for 310 CATV companies in the survey showed double digit growth for the fiscal year that ended March 31, 1999, it said.

An increase in subscribers and decreases in operating expenses helped cablers post strong earnings in the fiscal year.

Of the 310 CATV companies surveyed, 178 posted profits, which was 39 more cablers than in the previous year.

Preparing for digital

There are about 14 million CATV subscribers among Japan’s 45 million households.

Cable companies are expected to go through a wave of consolidation over the next few years as the ministry pushes for them to convert to a digital format by 2010 in order to complete the conversion of all TV broadcasts to a digital format.

The ministry said that all CATV trunk lines should be replaced with fiber optic lines by 2005 and the change would facilitate high-speed Internet service.

In order to help finance the CATV digital conversion, it recommended that the government should subsidize the conversion and give tax breaks to cablers. It also urged consolidation in the CATV sector.

More Biz

  • Jennifer Lawrence Harvey Weinstein

    Harvey Weinstein Bragged of Sex With Jennifer Lawrence, Lawsuit Claims

    Harvey Weinstein was hit with a lawsuit Friday from an actress who claims he forcibly performed oral sex on her, repeatedly masturbated in front of her, and threatened to harm her career if she objected. According to the suit, Weinstein pushed her to the ground during a meeting in his office in 2013. He then [...]

  • Times Up Hollywood

    Time's Up Entertainment Announces New Industry Mentoring Initiative

    Time’s Up Entertainment, an affiliate of the Time’s Up coalition of women across industries working to improve workplace safety, has announced the “Who’s in the Room” industry mentoring initiative. The program’s goal is to increase the presence of people of color from diverse backgrounds in the entertainment industry’s executive ranks. Funded by a $500,000 grant from [...]

  • Tom Cruise as Ethan Hunt in

    Paramount Inks Deal for Theme Park in South Korea

    Paramount Pictures has announced a deal to install a studio-branded theme park in an entertainment resort being developed in South Korea. The agreement was struck between Paramount and Mohegan Gaming & Entertainment, which owns the Inspire Integrated Entertainment Resort in the South Korean city of Incheon. Mohegan has invested KRW 2.8 trillion ($2.4 billion) in [...]

  • Davan Maharaj Mel Gibson

    L.A. Times Publisher's Lawyer Was Accused of Extorting Mel Gibson

    The attorney who negotiated a $2.5 million exit package for L.A. Times publisher Davan Maharaj was previously accused of using secret recordings to extort actor Mel Gibson. Surreptitious recordings also figure in the Maharaj case. NPR reported on Wednesday that Maharaj taped Tronc chairman Michael Ferro. According to the report, Ferro was heard on the [...]

  • 'Blurred Lines' Suit Ends With $5

    'Blurred Lines' Suit Ends With $5 Million Judgement Against Robin Thicke, Pharrell Williams

    After five years, the legal battle over the copyright of the Robin Thicke’s 2013 hit “Blurred Lines” has ended, with Marvin Gaye’s family being awarded a final judgment of nearly $5 million against the song’s primary writers, Robin Thicke and Pharrell Williams, according to CNN and other reports. The pair were accused of copyright infringement [...]

  • WME Veteran Ari Greenburg Promoted to

    WME Veteran Ari Greenburg Promoted to President of Talent Agency

    WME veteran Ari Greenburg, one of the original Endeavor staffers who helped build the talent agency that became an industry powerhouse, has been promoted to president. Greenburg will oversee all daily operations across WME and its offices in Beverly Hills, New York, Nashville, London and Sydney. The promotion recognizes the role that Greenburg has played [...]

More From Our Brands

Access exclusive content