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Tag: CEEMEA

  • Lower Ad revenue curtails Discovery Communications Q3-16 numbers

    Lower Ad revenue curtails Discovery Communications Q3-16 numbers

    BENGALURU: An overall 4.1 per cent decline in advertising revenue for the quarter ended 30 September 2016 (Q3-16, current quarter) vis-à-vis the corresponding year ago quarter resulted in flat revenue for Discovery Communications Inc., (Discovery). The company reported overall revenue of $1,556 million for the current quarter versus $1,557 million in Q2-15. Overall Advertising revenue declined in Q3-16 to $670 million as compared to $699 million in Q2-15.

    Discovery’s other major revenue stream – Distribution, reported 3.9 per cent year-over-year (y-o-y) increase in the current quarter at $806 million as compared to $770 million. Discovery’s ‘Other’ revenue declined 2.4 per cent y-o-y to $80 million from $82 million.

    Operating income declined 9.3 per cent y-o-y in Q3-16 to $458 million from $505 million. The company’s adjusted Operating Income before Depreciation and Amortisation (OIBDA) declined 2.4 per cent in the current quarter to $562 million from $576 million.

    Geographical breakup:

    US Networks

    Discovery’s US Network’s revenue increased 1.5 per cent y-o-y in Q3-16 to $793 million from $781 million.  US Networks adjusted OIBDA improved 3.4 per cent y-o-y in Q3-16 to $458 million from $443 million.

    US Networks distribution revenue in the current quarter increased 6.7 per cent y-o-y to $458 million versus $443 million. US Networks advertising revenue declined 3.4 per cent y-o-y to $396 million in the current quarter from $410 million. US Networks ‘Other’ revenues in Q3-16 increased 14.3 per cent y-o-y to $16 million from $14 million.

    Discovery says that Distribution revenue growth was primarily driven by higher rates, partially offset by a slight decline in subscribers. Advertising revenues decreased primarily due to expected ratings declines, partially offset by higher pricing and inventory management.

    US Networks Operating expenses decreased 1 per cent mainly due to lower content amortization, partially offset by higher marketing costs. Adjusted OIBDA increased due to higher revenues and lower operating expenses.

    International Networks

    Discovery’s International Revenue in Q3-16 declined 2.7 per cent to $720 million from $740 million.  International Networks OIBDA declined 16.1 y-o-y per cent in the current quarter to $183 million from $218 million.

    International Networks Distribution revenue increased 1.4 per cent y-o-y in Q3-16 to $425 million from $419 million. International Networks Advertising revenue in the current quarter declined 5.5 per cent y-o-y in the current quarter to $273 million from $289 million. International Networks ‘Other’ revenue in Q3-16 declined 31.25 per cent y-o-y to $22 million from $32 million.

    The company says that changes in foreign currency exchange rates reduced third quarter International revenues and adjusted OIBDA growth by 5 per cent and 7 per cent, respectively. Distribution revenues, excluding the impact of currency effects, grew 8 per cent mostly due to higher affiliate rates in Latin America, Northern Europe and CEEMEA as well as higher volume in Latin America.

    Advertising revenues, excluding the impact of currency effects, declined, primarily due to lower ratings and pricing in Northern Europe, partially offset by higher volume in Southern Europe. Other revenues declined primarily due to lower Eurosport sub-licensing revenues.

    Education and Other

    ‘Education and Other’ revenues increased 19.4 per cent y-o-y to $43 million in the current quarter from $36 million. ‘Education and Other OIBDA improved by 80 per cent to a loss of $1 million from a loss of $5 million.

    The company says that Education and Other revenues for the third quarter increased by $7 million primarily due to higher production deliveries at the Studios production business and increased international revenues at the Education business. Adjusted OIBDA improved primarily due to higher revenues, partially offset by additional investments in the Education business.

    Other Developments

    On October 13, 2016, Discovery announced a plan to contribute $100 million and its digital network Seeker and production studio SourceFed in exchange for a 39 per cent minority interest in a new holding company, Group Nine Media. Group Nine Media includes digital companies Thrillist Media Group, Now This Media, and The Dodo. Discovery has the option to buy a controlling stake in Group Nine Media in the future. The transaction is expected to close in the fourth quarter of 2016, subject to customary closing conditions.

    Company speak

    “While we faced challenging but expected headwinds this quarter, Discovery is well positioned for long-term growth driven by our well-defined global brands, differentiated content and favourable distribution agreements,” said Discovery president and CEO David Zaslav, “We have continued to strengthen and maximize our traditional pay-TV offering with robust new programming while aggressively exploiting new opportunities to leverage our content across numerous digital platforms around the world. Amid an ever shifting global media ecosystem, Discovery is evolving to reach more consumers on more screens and platforms than ever before.”

  • Lower Ad revenue curtails Discovery Communications Q3-16 numbers

    Lower Ad revenue curtails Discovery Communications Q3-16 numbers

    BENGALURU: An overall 4.1 per cent decline in advertising revenue for the quarter ended 30 September 2016 (Q3-16, current quarter) vis-à-vis the corresponding year ago quarter resulted in flat revenue for Discovery Communications Inc., (Discovery). The company reported overall revenue of $1,556 million for the current quarter versus $1,557 million in Q2-15. Overall Advertising revenue declined in Q3-16 to $670 million as compared to $699 million in Q2-15.

    Discovery’s other major revenue stream – Distribution, reported 3.9 per cent year-over-year (y-o-y) increase in the current quarter at $806 million as compared to $770 million. Discovery’s ‘Other’ revenue declined 2.4 per cent y-o-y to $80 million from $82 million.

    Operating income declined 9.3 per cent y-o-y in Q3-16 to $458 million from $505 million. The company’s adjusted Operating Income before Depreciation and Amortisation (OIBDA) declined 2.4 per cent in the current quarter to $562 million from $576 million.

    Geographical breakup:

    US Networks

    Discovery’s US Network’s revenue increased 1.5 per cent y-o-y in Q3-16 to $793 million from $781 million.  US Networks adjusted OIBDA improved 3.4 per cent y-o-y in Q3-16 to $458 million from $443 million.

    US Networks distribution revenue in the current quarter increased 6.7 per cent y-o-y to $458 million versus $443 million. US Networks advertising revenue declined 3.4 per cent y-o-y to $396 million in the current quarter from $410 million. US Networks ‘Other’ revenues in Q3-16 increased 14.3 per cent y-o-y to $16 million from $14 million.

    Discovery says that Distribution revenue growth was primarily driven by higher rates, partially offset by a slight decline in subscribers. Advertising revenues decreased primarily due to expected ratings declines, partially offset by higher pricing and inventory management.

    US Networks Operating expenses decreased 1 per cent mainly due to lower content amortization, partially offset by higher marketing costs. Adjusted OIBDA increased due to higher revenues and lower operating expenses.

    International Networks

    Discovery’s International Revenue in Q3-16 declined 2.7 per cent to $720 million from $740 million.  International Networks OIBDA declined 16.1 y-o-y per cent in the current quarter to $183 million from $218 million.

    International Networks Distribution revenue increased 1.4 per cent y-o-y in Q3-16 to $425 million from $419 million. International Networks Advertising revenue in the current quarter declined 5.5 per cent y-o-y in the current quarter to $273 million from $289 million. International Networks ‘Other’ revenue in Q3-16 declined 31.25 per cent y-o-y to $22 million from $32 million.

    The company says that changes in foreign currency exchange rates reduced third quarter International revenues and adjusted OIBDA growth by 5 per cent and 7 per cent, respectively. Distribution revenues, excluding the impact of currency effects, grew 8 per cent mostly due to higher affiliate rates in Latin America, Northern Europe and CEEMEA as well as higher volume in Latin America.

    Advertising revenues, excluding the impact of currency effects, declined, primarily due to lower ratings and pricing in Northern Europe, partially offset by higher volume in Southern Europe. Other revenues declined primarily due to lower Eurosport sub-licensing revenues.

    Education and Other

    ‘Education and Other’ revenues increased 19.4 per cent y-o-y to $43 million in the current quarter from $36 million. ‘Education and Other OIBDA improved by 80 per cent to a loss of $1 million from a loss of $5 million.

    The company says that Education and Other revenues for the third quarter increased by $7 million primarily due to higher production deliveries at the Studios production business and increased international revenues at the Education business. Adjusted OIBDA improved primarily due to higher revenues, partially offset by additional investments in the Education business.

    Other Developments

    On October 13, 2016, Discovery announced a plan to contribute $100 million and its digital network Seeker and production studio SourceFed in exchange for a 39 per cent minority interest in a new holding company, Group Nine Media. Group Nine Media includes digital companies Thrillist Media Group, Now This Media, and The Dodo. Discovery has the option to buy a controlling stake in Group Nine Media in the future. The transaction is expected to close in the fourth quarter of 2016, subject to customary closing conditions.

    Company speak

    “While we faced challenging but expected headwinds this quarter, Discovery is well positioned for long-term growth driven by our well-defined global brands, differentiated content and favourable distribution agreements,” said Discovery president and CEO David Zaslav, “We have continued to strengthen and maximize our traditional pay-TV offering with robust new programming while aggressively exploiting new opportunities to leverage our content across numerous digital platforms around the world. Amid an ever shifting global media ecosystem, Discovery is evolving to reach more consumers on more screens and platforms than ever before.”

  • Q2-16: Distribution, other revenue push Discovery Communications revenue up 3.3 percent

    Q2-16: Distribution, other revenue push Discovery Communications revenue up 3.3 percent

    BENGALURU: An increase of $39 million (4.9 percent increase) in Distribution and an increase of $17 million (26.2 percent increase) of ‘Other’ revenue boosted Discovery Communications Inc., (Discovery) revenue by 3.3 percent for the quarter ended 30 June 2016 (Q2-16, current quarter) vis-à-vis the corresponding year ago quarter. Discovery reported total revenue of $1,708 million in Q2-16 as compared to $1,654 million in Q2-15.

    Discovery reported Distribution revenue of $813 million in the current quarter as compared to $775 million in the corresponding year ago quarter. Advertising revenue in Q2-16 was flat y-o-y (declined by $1 million or 0.1 percent) at $813 million as compared to $814 million in Q2-15. ‘Other’ revenue in Q2-16 was $82 million as compared to $65 million in the corresponding year ago quarter.

    “Discovery posted a solid quarter of growth and financial results by investing in premium and diversified content that fuels the passion of superfans on pay-TV, free-to-air, direct-to-consumer and digital platforms. Our differentiated portfolio of nonfiction, sports and children’s content in more than 220 markets positions Discovery for continued growth and shareholder value creation in the months and years to come,” said Discovery president and CEO David Zaslav.

    Segment results

    Discovery reports numbers from three segments – US Networks, International Networks, and Education and ‘Other’

    US Networks

    US Networks revenue in Q2-16 increased 7.2 percent to $873 million as compared to $812 million in Q2-15. Adjusted OIBDA in the current quarter from this segment increased 9.7 percent to $544 million (62 percent margin) from $496 million (61 percent margin) in Q2-15.

    Distribution revenue from US Networks increased 8.1 percent in Q2-16 to $386 million from $357 million in Q2-15. US Networks Advertising revenue increased 5.4 percent in the current quarter to $471 million from $447 million in Q2-15. US Networks ‘Other’ revenue in Q2-16 increased 60 percent y-o-y to $16 million from $10 million.

    Discovery says that US Networks Distribution revenue growth was primarily driven by higher rates, partially offset by slight declines in subscribers. Advertising revenues increased primarily due to higher pricing and inventory management, partially offset by lower delivery.

    International Networks

    Revenue from International Networks segment in Q2-16 declined 1.4 percent to $790 million from $819 million in the corresponding year ago quarter. Adjusted OIBDA from the segment in the current quarter declined 6.4 percent to $249 million from $266 million in Q2-15.

    International Networks Distribution revenue increased 2.2 percent to $427 million in Q2-16 as compared to $418 million in Q2-15. International Networks Advertising revenue in Q2-16 declined 6.8 percent to $342 million from $367 million in Q2-15. International Networks ‘Other’ revenue in the current quarter increased 31.3 percent to $21 million from $16 million.

    Discovery says changes in foreign currency exchange rates reduced second quarter international revenues and Adjusted OIBDA growth by 4 percent and 10 percent, respectively. Excluding currency effects and the impact of SBS Radio, total revenues were up 8 percent. Distribution revenues, excluding the impact of currency effects, grew 10 percent mostly due to higher affiliate rates in Northern Europe and CEEMEA as well as increased affiliate rates and subscribers in Latin America. Advertising revenues, excluding the impact of SBS Radio and currency effects, were up 5 percent, primarily due to higher volume and ratings in Southern Europe as well as higher pricing, ratings and volume in CEEMEA, partially offset by a decline in Northern Europe due to the impact of Brexit and lower ratings.

    Education and other

    Education and other revenue in Q2-16 increased 15 percent to $46 million from $40 million in Q2-15. The segment reported slightly higher negative adjusted OIBDA (reported a higher operating loss) at $3 million in the current quarter as compared to negative adjusted OIBDA of $2million in Q2-15.

    Discovery says Education and Other revenues for the second quarter increased by $6 million primarily due to higher external production deliveries at the Studios production business. Adjusted OIBDA remained relatively consistent primarily due to higher external Studios production deliveries, offset by additional investments in Education Techbooks.

     

  • Q2-16: Distribution, other revenue push Discovery Communications revenue up 3.3 percent

    Q2-16: Distribution, other revenue push Discovery Communications revenue up 3.3 percent

    BENGALURU: An increase of $39 million (4.9 percent increase) in Distribution and an increase of $17 million (26.2 percent increase) of ‘Other’ revenue boosted Discovery Communications Inc., (Discovery) revenue by 3.3 percent for the quarter ended 30 June 2016 (Q2-16, current quarter) vis-à-vis the corresponding year ago quarter. Discovery reported total revenue of $1,708 million in Q2-16 as compared to $1,654 million in Q2-15.

    Discovery reported Distribution revenue of $813 million in the current quarter as compared to $775 million in the corresponding year ago quarter. Advertising revenue in Q2-16 was flat y-o-y (declined by $1 million or 0.1 percent) at $813 million as compared to $814 million in Q2-15. ‘Other’ revenue in Q2-16 was $82 million as compared to $65 million in the corresponding year ago quarter.

    “Discovery posted a solid quarter of growth and financial results by investing in premium and diversified content that fuels the passion of superfans on pay-TV, free-to-air, direct-to-consumer and digital platforms. Our differentiated portfolio of nonfiction, sports and children’s content in more than 220 markets positions Discovery for continued growth and shareholder value creation in the months and years to come,” said Discovery president and CEO David Zaslav.

    Segment results

    Discovery reports numbers from three segments – US Networks, International Networks, and Education and ‘Other’

    US Networks

    US Networks revenue in Q2-16 increased 7.2 percent to $873 million as compared to $812 million in Q2-15. Adjusted OIBDA in the current quarter from this segment increased 9.7 percent to $544 million (62 percent margin) from $496 million (61 percent margin) in Q2-15.

    Distribution revenue from US Networks increased 8.1 percent in Q2-16 to $386 million from $357 million in Q2-15. US Networks Advertising revenue increased 5.4 percent in the current quarter to $471 million from $447 million in Q2-15. US Networks ‘Other’ revenue in Q2-16 increased 60 percent y-o-y to $16 million from $10 million.

    Discovery says that US Networks Distribution revenue growth was primarily driven by higher rates, partially offset by slight declines in subscribers. Advertising revenues increased primarily due to higher pricing and inventory management, partially offset by lower delivery.

    International Networks

    Revenue from International Networks segment in Q2-16 declined 1.4 percent to $790 million from $819 million in the corresponding year ago quarter. Adjusted OIBDA from the segment in the current quarter declined 6.4 percent to $249 million from $266 million in Q2-15.

    International Networks Distribution revenue increased 2.2 percent to $427 million in Q2-16 as compared to $418 million in Q2-15. International Networks Advertising revenue in Q2-16 declined 6.8 percent to $342 million from $367 million in Q2-15. International Networks ‘Other’ revenue in the current quarter increased 31.3 percent to $21 million from $16 million.

    Discovery says changes in foreign currency exchange rates reduced second quarter international revenues and Adjusted OIBDA growth by 4 percent and 10 percent, respectively. Excluding currency effects and the impact of SBS Radio, total revenues were up 8 percent. Distribution revenues, excluding the impact of currency effects, grew 10 percent mostly due to higher affiliate rates in Northern Europe and CEEMEA as well as increased affiliate rates and subscribers in Latin America. Advertising revenues, excluding the impact of SBS Radio and currency effects, were up 5 percent, primarily due to higher volume and ratings in Southern Europe as well as higher pricing, ratings and volume in CEEMEA, partially offset by a decline in Northern Europe due to the impact of Brexit and lower ratings.

    Education and other

    Education and other revenue in Q2-16 increased 15 percent to $46 million from $40 million in Q2-15. The segment reported slightly higher negative adjusted OIBDA (reported a higher operating loss) at $3 million in the current quarter as compared to negative adjusted OIBDA of $2million in Q2-15.

    Discovery says Education and Other revenues for the second quarter increased by $6 million primarily due to higher external production deliveries at the Studios production business. Adjusted OIBDA remained relatively consistent primarily due to higher external Studios production deliveries, offset by additional investments in Education Techbooks.

     

  • Videocon d2h named best ‘Pay TV Service’ at Content Innovation Award in Cannes

    Videocon d2h named best ‘Pay TV Service’ at Content Innovation Award in Cannes

    MUMBAI: Indian direct to home (DTH) company Videocon d2h bagged the ‘Pay TV Service of the Year’ award at Digital TV Europe’s inaugural Content Innovation Awards held in Cannes.

     

    Videocon d2h is India’s fastest growing pay TV operator. For the quarter ended 30 June, 2015, Videocon d2h’s subscription revenue grew 32.2 per cent year on year to Rs 599 crore. On the other hand, the company’s revenue from operations grew 23.3 per cent year on year to Rs 663 crore. Videocon d2h’s gross subscriber base stands at 13.70 million, whereas its net subscriber base is at 10.64 million.

     

    Videocon d2h executive chairman Saurabh Dhoot said, “As the fastest growing Pay TV operator in India and the DTH market leader for the fourth consecutive year in terms of incremental market share, Videocon d2h has worked hard for its success in what can only be described as a strongly competitive marketplace. Our focus of providing superior customer service for each and every single one of our 14 million gross subscribers has served as the foundation for several milestone accomplishments for Videocon d2h, including adding 2.64 million subscribers, growing subscription revenues by 38.3 per cent during this past fiscal year.”

     

    Videocon d2h CEO Anil Khera added, “2015 has certainly been a banner year for Videocon d2h. We started the year with the launch of India’s first 4K Ultra HD channel in January, became the most valued Indian company to be listed on NASDAQ with our successful IPO with a market cap of $1.24 billion as of 30 June, 2015. Being honoured with Pay TV Service of the Year award is a celebration of our customer delight approach.”

     

    Accepting the award, Videocon d2h deputy CEO Rohit Jain said, “Being named Pay TV Service of the Year, especially from a global field of innovative businesses, is truly the icing on the cake.”

     

    On the other hand, Discovery Networks International was named as the Best International TV Networks Group. Discovery Networks CEEMEA also won the Best Series Launch of the Year for Dynamo: Magician Impossible (season 4).

     

    Endemol Beyond was crowned MCN of the Year, whereas the Channel of the Year award went to Eurosport. The award for the Best New Channel launch went to AMC Global. 

     

    Some of the other major winners at the awards were Entertainment One, which won International Production Company of the Year, ITV Studios Global Entertainment was awarded as the Best Content Distributor.

     

    BT took home the award for 4K Initiative of the Year for its Ultra HD Service, whereas the Cloud TV Innovation of the Year award went to Easel TV for Curzon Home Cinema. Orange for Watch with Twitter bagged the Social TV Innovation of the Year award.

     

    The Industry Innovation of the Year went to VOO for the .évasion box and Videowall. Rovi bagged the TV Technology Award (content discovery) award for Personalized Discovery Solution 

     

    The awards were attended by more than 100 programming and technology industry executives in Cannes.