×
You will be redirected back to your article in seconds

Canal Plus’ revs up 20% for 1st half

Tobis consolidation, new distrib growth and strong catalog to thank

PARIS — French pay TV group Canal Plus on Monday posted consolidated revenue of $1.69 billion for the first half of 2000, up 20.1% on the same period last year.

Subscription revenue rose 13.7%, while income from advertising and sponsorship climbed 45%.

Overall, other revenues were up 52.1% as StudioCanal itself posted first half 2000 revenues of $130 million, up 11.2% on last year, including a 67% leap in revenues from cinema activities.

Consolidated figures for Canal Plus did not include revenues from theme channels and foreign subsidiaries in Spain, Poland and French-speaking Belgium.

By geography

In a geographical breakdown of the Canal Plus group’s TV interests, revenues from the parent French TV company stood at $706 million, compared with $677 million for the same period last year; revenues from CanalSatellite were $248 million, up 18.6%; and revs from cable operator NC Numericable were up 7.4% to $60 million.

In Italy, revenues from Telepiu stood at $288 million, up 25% on the same period last year, while revs from Canal Plus’ Benelux and Nordic activities stood at $119 million. Revenues from Canal Plus Horizons were $12 million.

As for Studio Canal, the fledgling Euro major recorded two big changes in its revenue picture: a 67% drop in its TV biz and an almost equivalent hike in film. The former figure was due to the merger earlier this year of Canal Plus’ TV production arm Ellipse with Expand Images.

On the film side, StudioCanal attributed its sharp sales growth to three factors: the consolidation of its German subsid Tobis, the strong performance of its 5,000-plus film catalog and a 95% growth in new film distribution.

More Biz

  • Hong Kong Disneyland Reduces Losses

    Hong Kong Disneyland Reduces Losses

    The Hong Kong Disneyland Resort theme park remained in loss for the fourth year. But signs of improvement continued. For the financial year to end of September 2018, HKDL reported $769 million (HK$6 billion) of revenue, from 6.7 million visitors, an increase of 8%. Net losses fell from $32 million (HK$291 million) to $6.92 million [...]

  • Lisa Borders Time's Up

    Time's Up President Lisa Borders Resigns

    Lisa Borders has resigned as president of Time’s Up, she and the organization announced on Monday. Borders is resigning due to family issues, she said in a statement. Time’s Up COO Rebecca Goldman will now serve as interim CEO. “As Time’s Up continues to grow, I am proud of the work I have done to [...]

  • Jussie Smollett Good Morning America

    Jussie Smollett Angrily Denies Complicity in Attack

    Attorneys for “Empire” actor Jussie Smollett issued a statement Saturday denying that he orchestrated his Jan. 29 assault, and saying he is “angered” and “devastated” by recent developments in the case. Chicago police want to interview Smollett, after learning new evidence from two Nigerian brothers who were released on Friday night. Local media outlets have [...]

  • Walt Disney Archives Founder Dave Smith

    Walt Disney Archives Founder Dave Smith Dies at 78

    Walt Disney Archives founder Dave Smith, the historian who spent 40 years cataloging and preserving the company’s legacy of entertainment and innovation, died Friday in Burbank, Calif. He was 78. Smith served as Disney’s chief archivist from 1970 to 2010. He was named a Disney Legend in 2007 and served as a consultant to the [...]

  • Colin Kaepernick Kneel

    Colin Kaepernick, Eric Reid Reach Settlement With NFL

    Colin Kaepernick and Eric Reid, two football players who alleged the National Football League colluded to oust them from the game after they started kneeling in protest of racial inequality during the playing of the national anthem, have reached a settlement in the matter, according to a statement from the sports organization and lawyers representing [...]

  • R. Kelly

    R. Kelly Could Be in ‘Big Trouble’ Over Alleged New Sex Tape, Attorney Says

    Strong allegations of sexual misconduct have followed R. Kelly for 25 years, but the singer has always managed to slip free. Yet reports that a videotape of him sexually assaulting an underage girl, combined with the outcry surrounding the Lifetime documentary “Surviving R. Kelly,” means that public sentiment, at the very least, is definitely not [...]

  • Christian Bale as Dick Cheney in

    New Media Residuals and Feature Films Contribute to Spike in Writers' Pay

    The outlook for members of the Writers Guild of America has brightened — even amid pervasive uncertainty in the entertainment industry. According to the most recent report to WGA West members, earnings surged 2.8% to $1.41 billion in 2017, thanks mostly to gains in feature films and new-media residuals. Total covered earnings for WGA West [...]

More From Our Brands

Access exclusive content