TFC SUBSCRIBERS AND REVENUES DOWN IN 2011!

The Filipino Channel, ABS-CBN's international cable channel, saw signs of waning after recent global crisis hits OFW presence worldwide. In H1 2011, ABS-CBN's bottom line was partly affected by the weak earnings  of its consumer sales, attributed by a significant drop in its subscriber base.  

Consumer sales for the first half of 2011 amounted to P5.1 billion, posting a 4% decrease or P219 million less from a year ago, mainly from ABS-CBN Global. ABS-CBN Global revenues declined by 14% year on year in peso terms due to the decline in subscribers and the appreciation of the Philippine peso against the US dollar. Meanwhile, Sky Cable continues to contribute positively with revenues increasing by 8% to P2.1 billion. This is mostly driven by the increased take up of its broadband service subscriptions which increased by 23% year-on-year

ABS-CBN Film Productions, Inc. released eight films in the first six months of this year. Four of them–Ang Tanging Ina Mo Last Na To, Dalaw, Catch Me I’m in Love and In The Name of Love–topped P100 million in box office recSky Cable’s consolidated revenues from cable TV and broadband services grew 8% year-on-year, driven by strong growth in broadband subscriptions.ABS-CBN Global’s overall viewer count decreased by 1% year-on-year, driven by the decline in subscriber growth in the Middle East, Europe and Japan. Double digit subscriber growth continued to be experienced in Canada, and mid-to-high single digit subscriber growth in Asia-Pacific and Australia.

View the original article here