Eurocardsharing

Go Back   Eurocardsharing > General Discussions > General Satellite News > Latest Satellite News

Latest Satellite News Discussion, New Piracy leads Premiere to third quarter loss at General Satellite News forum; Piracy leads Premiere to third quarter loss November 13, 2008 Costs that can be directly attributed to the hacking of ...

Reply
 
LinkBack Thread Tools Display Modes
New Piracy leads Premiere to third quarter loss
Old
  (#1)
Bacteria
Administrator
 
Bacteria's Avatar
 
Offline
Posts: 96,015

Level: 124 [♥ Bé-Yêu ♥♥ Bé-Yêu ♥♥ Bé-Yêu ♥♥ Bé-Yêu ♥♥ Bé-Yêu ♥]
Life: 4638 / 4638
Magic: 32005 / 104164
Experience: 68%

Thanks: 1,107
Thanked 5,578 Times in 1,419 Posts
Join Date: Oct 2006
Age: 37
New Piracy leads Premiere to third quarter loss - 13-November-2008, 20:50

Piracy leads Premiere to third quarter loss

November 13, 2008





Costs that can be directly attributed to the hacking of its encryption system took Premiere to its fourth consecutive quarterly loss in the third quarter. A negative EBITDA (earnings before interest, taxes, depreciation and amortization) of 27.2 million in Q3 2008 compared to the positive 22m in Q3 2007.

Higher expenses on transmission, hardware and sales pushed operating costs up to 271.8m, from 225.5m 12 months earlier, as the German pay-TV platform switched encryption to a combination of Nagra and NDS systems. Earlier this week Premiere announced that its encryption system was again fully secure.

Premiere has agreed a waiver of an upcoming debt covenant breach with its bank syndicate and is continuing to discuss changes in its debt facilities.

Under Premieres revised subscriber accounting method, which has reduced overall subscriber levels to the benefit of average subscriber revenues, Premiere had 2.411 million subs at the end of Q3. ARPU (Average Revenue Per Unit) stood at 23.92.

Ahead Premieres Christmas line-up sees the return of special agent Jack Bauer in the new series of 24, which will be screened directly after its US transmission. Movies include German TV Premieres of Shrek the Third and Harry Potter and the Order of the Phoenix.
   
Reply With Quote
Reply

Bookmarks


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off

Forum Jump



ECS on RSS ECS on Twitter ECS on Facebook ECS on Youtube
Follow us on:

Powered by vBulletin
Copyright 2002 - 2010, Jelsoft Enterprises Ltd.
SEO by vBSEO ©2011, Crawlability, Inc.
Dreambox