Spanishmultimedia conglomerate Sogecable posted year-end financial results for 2000which reflect an 18.2% decrease in net consolidated losses to Euros11.4m(pts1,900m).
The losses arelargely due to content expenses - particularly rights deals for cinema andfootball - for the group's pay TV platforms Canal Satelite Digital (CSD),launched in 1997, and Canal Plus.
Sogecableposted Euros11.2m (pts1,860m) in revenues, thanks to the Euros17.8m (pts2,962m)sale to Warner Bros. of 10% each of digital satellite platform CSD and thematicchannel Cinemania. Sogecable also pointed to pay-per-view contracts forfootball matches as a hefty source of income for the group.
As of February9, Canal Plus and CSD boasted more than 2 million subscribers between them,marking a rise of 75,000 since December 31, 2000.
Sogecable ishome to producer Sogecine, distributor Warner Sogefilms, exhibitor WarnerLusomundo, rights house Sogepaq and pay TV platforms CSD and Canal Plus, amongother interests.
No comments yet