MTG, international entertainment broadcasting group, has published its Q4 results with sales up 14 per cent like for like.
The group saw pay-TV net subscriber growth in Nordic and emerging markets on a sequential basis and operating income of SEK 457 million (€54m) excluding associated company income of SEK 108 million and non-cash asset impairment charge related to Raduga joint venture of SEK 147 million.
The company said 2013 was a year of investment in our three key strategic growth areas – content, digital and geographical expansion – and these investments are paying off in accelerated growth as our products become more relevant and more broadly available than ever before. We are totally focused on our customers and the creation of engaging and exciting entertainment experiences, which is why we have acquired even more premium sports and movie rights, further expanded our agreements with leading content producers and distributors, and launched so many more channels and services on so many different networks and platforms. It is also why we have moved further up the value chain by ourselves becoming the number one content production house in the Nordic region and one of the world’s leading content distribution companies.
We have grown our audience shares and subscriber bases across almost all of our markets, and captured substantial market share gains during the year. Our digital expansion is also further accelerating as MTGx develops ahead of plan to drive on demand video consumption across our markets and rapidly grow our online advertising and subscription revenues. And we ended the year by entering two entirely new markets for us – Tanzania and Turkey, both of which offer significant growth potential for the future. All of these investments are being made precisely to shape the future of entertainment by creating the entertainment group of the future.