The Canadian Radio-television and Telecommunications Commission (CRTC) today released statistical and financial summaries for the Canadian specialty, pay, pay-per-view television and video-on-demand (VOD) services industry in 2009.

Despite lousy economic conditions last year, the federal broadcast regulator reported that total revenues for this part of the Canadian television industry still managed to grow a very healthy 6% to $3.1 billion while profits climbed to a record $728.7 million in 2008.

Revenues in the Canadian specialty TV, pay, pay-per-view television and video-on-demand (VOD) services industry have now increased by over 50% in the last five years from $2.07 billion in 2004. The industry now records a lucrative 23 cents of profits on every dollar of revenue.

Revenues and profits in 2009 for Canadian Specialty channels were $2.4 billion and $643 million respectively versus just under $700 million and $85 million respectively for pay, pay-per-view television and video-on-demand (VOD) services.

Interestingly, the two companies reaping the bulk of profits in specialty television are CTVglobemedia, owners of over 30 specialty channels including Canada’s number one specialty network TSN, and CanWest, owners of over 20 specialty channels. The same two companies whose cries of poverty last year resulted in the firms being given hundreds of millions of dollars annually in additional subsidies from new fee-for-carriage (FFC) and Local Improvement Programming Funds.

Total spending by the Specialty channels on Canadian programming fell from $982 million in 2008 to $962 million in 2009.

Read the entire report here

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