Vivendi (Canal+, GVT, nc+) releases 2012 resultsTuesday, February 26th, 2013
PARIS — Vivendi has released its 2012 results.
- Successful pay-TV launch with minimal EBITA loss: 406k triple-play subscribers at end 2012, representing 19% of broadband customer base, and 28% net adds market share in 2012, in cities where GVT operates*
- Expansion into 20 new cities in 2012: 139 cities are covered by GVT
Launched commercially in January 2012, the number of subscribers to its new pay-TV service totaled about 406,000 as of December 31, 2012, representing an 18.8% penetration rate among the broadband customer base. During 2012, GVT’s share of the net adds of the entire Brazilian pay-TV market reached 11.4%, and when considering only the cities where it operates, GVT’s share of net adds reached 27.7%.
Pay TV (000s):
Dec. 31, ---------- 2011 2012 ---- ---- Subscribers 32 406 Net Adds 32 374
- Mainland France pay-TV activity slightly impacted by economic slow-down and VAT increase
- Growth mainly driven by international developments in Africa, Vietnam and at StudioCanal
- Creation of a DTH platform serving 2.5m customers in Poland
At the end of December 2012, Canal+ France, which includes Canal+ Group’s pay-TV activities in France and French-speaking countries, had 11.363 million subscriptions, representing a net growth of 147,000 year-on-year. This growth was driven by strong performances at Canal+ Overseas (in French overseas territories and primarily in Africa), which had 1.683 million subscriptions at year-end, a net growth of 227,000 subscriptions, compared to 2011. In mainland France, the subscription portfolio reached 9.680 million, a slight decrease compared to 2011 due to a difficult economic and competitive environment. Average revenue per subscriber increased slightly to €48, particularly reflecting improved cross-selling between Canal+ and CanalSat offerings.
In 2012, Canal+ Group completed two major projects:
- In October 2012, the creation of a free-to-air television business unit in France including the D8 and D17 channels, which were successfully re-launched; and
- In November 2012, the creation and control of ‘nc+’, a major satellite TV platform in Poland. This entity had 2.5 million customers following the merger of Canal+ Group’s operations in Poland and the ‘n’ business unit of TVN, a leading media group in Poland. In addition to this merger, Canal+ Group took a minority interest in TVN.
Dec. 31, -------------- 2011 2012 Change ------ ------ ------ Portfolio Canal+ Group 12,946 14,254 +1,308 ow Canal+ France** 11,216 11,363 +147 ow Poland & Vietnam 1,730 2,891 +1,161***
* Source: Anatel and GVT
** Individual and collective subscriptions at Canal+, CanalSat, CanalPlay Infinity (156k subscribers at end December 2012, corresponding to 116k on a 12 month equivalent basis) in Mainland France, Overseas territories and Africa.
*** o.w. 1,009k subscribers to ‘n’ platform.