The Spanish pay-TV business is growing with a gain of 1.4 million subscribers in the last year – significantly boosted by Movistar Plus, the result of the merger between Movistar and Canal Plus,
A report from watchdog CNMC reveals that at the end of the first quarter there were 5.4 million pay-TV subscribers, with a rise of 36 per cent in comparison with the same period last year with 4 million subs.
The strength of Movistar Plus, together with the popular convergent offers from other platforms (Vodafone and Orange), have driven the growth. Pay-TV revenue reached €400 million, up 22 per cent from the same period last year. Overall, the Spanish TV sector had a total turnover of €14 million in the first quarter of the year, out of which €484.03 million corresponded to advertising, €400 million to pay-TV fees, €7.6 million to PPV and VoD, €409.74 to state subsidies and €115.3 million to others.
By distribution, TV revenues amounted to €922.98 million out of which €428.77 million corresponded to DTT, €303.73 million to satellite TV, €129.14 million to IPTV, €56.44 million to cable and €4.90 million to other technologies.