POLITICS

CRTC says revenues for specialty, pay TV, video-on-demand reached nearly $4B

04/11/2013 04:16 EDT | Updated 06/11/2013 05:12 EDT
GATINEAU, Que. - Revenues for specialty, pay, pay-per-view and video-on-demand TV services have climbed more than 35 per cent over the last five years to reach nearly $4 billion in 2012, according to Canada's broadcast regulator.

In 2012, those services created 226 new jobs, directly employed 6,176 people and paid $487 million in salaries, the Canadian Radio-television and Telecommunications Commission said Thursday.

Specialty television services continued to capture the largest share of total revenues at $3.1 billion, the CRTC said in a news release.

Expenses increased to $2.9 billion in 2012 from $2.7 billion in 2011. As a result, profits before interest and taxes dipped slightly from $934.2 million in 2011 to $916.6 million in 2012.

In 2012, these television services spent $1.39 billion on Canadian programming, representing a 9.6 per cent increase over the previous year.

Investments in non-Canadian programming increased to $293 million in 2012 from $278 million in 2011.