ITV

Tag: James Murdoch

  • BSkyB’s revenues up eight per cen

    BSkyB’s revenues up eight per cen

    MUMBAI: UK pay TV service provider BSkyB has annnounced results for the year ended 30 June 2006.

    Revenue increased by eight per cent to £4.1 billion. Operating profit increased by seven per cent to £877 million, an operating margin of 21 per cent.

    DTH subscribers increased to 8.176 million, registering a growth of 77,000 in the final quarter and 389,000 in the year. Sky+ households increased by 75 per cent to 1.553 million. Multiroom households increased by 62 per cent to 1.047 million. This represents a 13 per cent penetration of total DTH subscribers.

    Preparations were made for the launch of Sky Broadband following the acquisition of Easynet Group. During the year, the company launched Sky HD, new customer management systems were implemented for all DTH customers and key rights to the FA Premier League secured for the 07/08 to 09/10 seasons.

    In addition were major contracts agreed with movie studio and third party channel partners. BSkyB also announced the creation of over 2,000 new jobs for customer advisors and home installation engineers.

    BsSkyB CEO James Murdoch said, “Our industry is changing faster than ever before and for Sky, 2006 has been an important and exciting year. The business and the team have performed well delivering good levels of customer growth, in line with our plans, and strong growth in both revenues and profitability.

    “We have a clear vision for the future growth and direction of our business and we feel encouraged by the strong demand our customers show for new entertainment and communications services. With a continued focus on providing more choice, flexibility and control, we feel confident as we look ahead to the substantial opportunity this market holds for us.”

  • Sky launches a free broadband service for customers

    Sky launches a free broadband service for customers

    MUMBAI: UK pay TV service provider BSkyB has launched free broadband for Sky customers. The company says that the launch sets new standards in quality, ease and savings.

    Unveiling its new broadband internet access service, Sky Broadband, at an event for analysts and investors the Company disclosed some information:

    Operating and Financial outlook
    • Pay-TV business on track to achieve 2010 targets
    • Clear strategy to build a scale broadband customer base, targeting revenues from high growth opportunities in online advertising, search and content and increasing penetration of additional products
    • Anticipated investment of £400 million of EBIT to be invested over the next three years
    • Broadband expected to be earnings enhancing in the year to 30 June 2010 independent of any Pay-TV benefits
    • Capital expenditure of approximately £250 million in first two years
    • Targetting broadband ROCE of 15 per cent for the year ended 2011 including initial cost of Easynet acquisition
    • Progressive dividend policy to be maintained across investment phase.

    BSkyB CEO James Murdoch said, “Sky Broadband is a compelling product which rewards our 8 million customers with a quality service offering flexibility and great value. Sky is ideally equipped to enter the large and growing markets of broadband and telephony and by pushing the boundaries of the home entertainment market, we will help our customers realise the full potential from technological convergence.

    “The business case is clear; we believe our investment will enhance top-line growth, be earnings enhancing from 2010 and with the benefits of scale, deliver increasingly attractive returns thereafter whilst offering substantial savings and compelling value to customers. This is a transformational new initiative for Sky.”

  • BSkyB 3Q net up by 8 per cent to $277.5 million

    BSkyB 3Q net up by 8 per cent to $277.5 million

    MUMBAI: British Sky Broadcasting Group (BSkyB) has reported an 8 per cent increase in the third quarter net profit. The company said net profit for the three months ended 31 March rose to 151 million pounds ($277.5 million), from 140 million pounds a year ago.

    BSkyB revenue went up by 11 per cent to 1.06 billion pounds ($1.9 billion). The company also revealed a steep drop in subscriber growth ahead of the launch of new products later this year.

    The company said it recorded net subscriber growth of 40,000 in the quarter, significantly less that the 95,000 increase in “direct-to-home” customers in the first quarter of 2005. Analysts had predicted growth of 30,000 to 50,000 new subscribers.

    The broadcaster now has 8.1 million subscribers, it has a target of 10 million by 2010, and forecasts adding 600,000 in the final quarter of this year following the rollout of new products.

    BSkyB chief executive James Murdoch said, “The business is performing well and is delivering on the plan we laid out for 2006. Our focus during the quarter was to successfully implement our new customer management systems, complete the final preparations for the launch of Sky HD, and continue to ready the business for the launch of residential broadband services in the summer. Operational achievements in the quarter were outstanding. We achieved our goals, continued to grow our customer base and increased the number of products they choose to take from us.”