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Global Pay TV Operator Forecasts

Table of Contents

Published in October 2015, this 184-page electronically-delivered report comes in two parts:

 A 58-page PDF giving a global executive summary, international pay TV operator analysis, rankings and forecasts.  An excel workbook giving comparison tables, full rankings and country-by- country forecasts in detail for 338 operators (subscribers and subscription & VOD revenues) across 89 territories for every year from 2010 to 2020.

Forecasts (2010-2020) contain the following detail for each country:

By country: TV households subs Analog cable subs Pay IPTV subscribers Pay digital satellite TV subs Pay DTT homes Total pay TV subscribers Pay TV revenues

By operator (and by platform [digital cable, analog cable, IPTV, satellite and pay DTT] by operator): Pay TV subscribers Share of pay TV subscribers by operator Subscription & VOD revenues Share of pay TV revenues by operator ARPU

Forecasts for the following pay TV operators: Operator Country Operator Country Digitalb (satellite & DTT) Albania Axtel (IPTV) Tring (cable, satellite, IPTV) Albania Cablecom (cable) Mexico Canal Plus (satellite) Angola Cablemas (cable) Mexico DStv (satellite) Angola Dish (satellite) Mexico Zap (satellite) Angola Izzi (cable) Mexico (cable) (cable) Mexico DirecTV (satellite) Argentina (satellite) Mexico Supercanal (cable) Argentina TVI (cable) Mexico (cable, satellite, IPTV) Australia Ddish (satellite) Mongolia Sky (satellite only) Canal Plus (satellite) Mozambique Telekom Austria (IPTV) Austria DStv (satellite) Mozambique UPC (cable) Austria Gotv (DTT) Mozambique MTIS (cable) Belarus StarTimes (DTT) Mozambique Zala (IPTV & DTT) Belarus Zap (satellite) Mozambique Belgacom (IPTV) Belgium MRTV4 (DTT) Myanmar (cable) Belgium Skynet (satellite) Myanmar (cable) Belgium Dish Media (satellite) Nepal Telesat/TV Vlaanderen (satellite) Belgium (satellite) Voo (cable) Belgium KPN (IPTV & DTT) Netherlands DirecTV (satellite) Bolivia Tele 2 (IPTV) Netherlands Tigo (cable & satellite) Bolivia UPC (cable) Netherlands M:Tel (IPTV) Bosnia (cable) Netherlands (cable) Bosnia Sky (satellite) New Zealand Total TV (satellite) Bosnia Vodafone (IPTV/cable) New Zealand (cable & satellite) Brazil Claro (cable & satellite) Nicaragua GVT (satellite) Brazil Sky (satellite) Nicaragua (satellite) Brazil Tigo (cable & satellite) Nicaragua Sky (satellite) Brazil DStv (satellite) Nigeria Vivo (satellite, cable, IPTV) Brazil Gotv (DTT) Nigeria (cable) Bulgaria StarSat (satellite) Nigeria (satellite & IPTV) Bulgaria StarTimes (DTT) Nigeria M-Tel (IPTV & satellite) Bulgaria (satellite) Norway (IPTV & satellite) Bulgaria Get (cable) Norway CDN (satellite) Cambodia Riks TV (DTT) Norway ONE TV (DTT) Cambodia (IPTV & cable) Norway Bell TV (IPTV) Viasat (satellite) Norway Bell TV (satellite) Canada PTCL (IPTV) Pakistan (cable) Canada Claro (satellite) Panama Max TV (IPTV) Canada Sky (satellite) Panama MTS (IPTV) Canada Claro (cable & satellite) Paraguay Rogers (cable) Canada DirecTV (satellite) Paraguay Shaw Comms (cable) Canada Tigo (cable & satellite) Paraguay (satellite) Canada Claro (cable & satellite) TV (IPTV & satellite) Canada DirecTV (satellite) Peru Videotron (cable) Canada Telefonica (cable & satellite) Peru

Forecasts for the following pay TV operators (cont.): Operator Country Operator Country Claro (satellite) (satellite) Philippines DirecTV (satellite) Chile (cable) Philippines Telefonica (satellite & IPTV) Chile Cyfra Polsat (satellite) Poland VTR (cable) Chile Inea (cable) Poland Multimedia Polska (cable & BesTV (IPTV) IPTV) Poland China Radio & TV (cable) China NC+ (satellite) Poland China Telecom (IPTV) China Netia (IPTV) Poland China Unicom (IPTV) China Toya (cable) Poland Claro (cable & satellite) TP/Orange (IPTV & satellite) Poland DirecTV (satellite) Colombia UPC (cable) Poland Movistar (satellite) Colombia Vectra (cable) Poland UNE (cable & IPTV) Colombia Cabovisao (cable) Portugal Cabletica (cable) Costa Rica Meo/PT (IPTV & satellite) Portugal Claro (satellite) Costa Rica Vodafone (IPTV) Portugal Sky (satellite) Costa Rica Zon (cable & satellite) Portugal Tigo (cable & satellite) Costa Rica Claro (IPTV & satellite) Puerto Rico Canal Plus (satellite) Cote d'Ivoire DirecTV (satellite) Puerto Rico DStv (satellite) Cote d'Ivoire Dish (satellite) Puerto Rico StarTimes (DTT) Cote d'Ivoire Liberty (cable) Puerto Rico Max TV/T-HT (IPTV, satellite, cable) Croatia Orange TV (satellite) Romania RCS-RDS/Digi TV (cable, IPTV, Vip (satellite & cable) Croatia satellite) Romania Romtelecom (cable, IPTV, CS Link/SkyLink (satellite) Czech satellite) Romania Digi TV (satellite) Czech UPC (cable & satellite) Romania O2 (IPTV) Czech Akado (cable) Russia UPC (cable & satellite) Czech /Vimpelcom (IPTV) Russia Boxer (DTT) Denmark ER Telecom (cable) Russia Canal Digital (satellite) Denmark MTS (cable) Russia Stofa (cable) Denmark NTV Plus (satellite) Russia TDC (IPTV) Denmark Orion (satellite) Russia Viasat (satellite) Denmark (cable & IPTV) Russia You See (cable) Denmark Tricolor (satellite) Russia Claro (satellite & IPTV) Dom Rep ART (satellite) Saudi Arabia Sky (satellite) Dom Rep beIN (satellite) Saudi Arabia Tricom (cable) Dom Rep OSN (satellite) Saudi Arabia Claro (cable & satellite) SBB (cable & satellite) Serbia CNT (satellite & IPTV) Ecuador (IPTV) Serbia DirecTV (satellite) Ecuador Mio (IPTV) Singapore ART (satellite) Egypt StarHub (digital cable) Singapore beIN (satellite) Egypt Skylink/CS Link (satellite) (IPTV & OSN (satellite) Egypt satellite) Slovakia Claro (cable & satellite) ST/Digi TV (cable & satellite) Slovakia Sky (satellite) El Salvador UPC (cable & satellite) Slovakia Tigo (cable & satellite) El Salvador Siol TV (IPTV) Slovenia

Forecasts for the following pay TV operators (cont.): Operator Country Operator Country Elion (IPTV) Estonia Telemach (cable) Slovenia Starman (cable) Estonia Total TV (satellite) Slovenia Viasat (satellite) Estonia DStv (satellite) South Zuum (DTT) Estonia Gotv (DTT) South Africa Canal Digital (satellite) Finland StarSat (satellite) South Africa DNA (cable) Finland B TV (IPTV) South Korea Elisa (cable & IPTV) Finland CJ Hellovision (cable) South Korea Plus TV (DTT) Finland KT Olleh (IPTV) South Korea Teliasonera (cable & IPTV) Finland LG U+ (IPTV) South Korea Viasat (satellite) Finland Skylife (satellite) South Korea Bouygues (IPTV) France Canal Plus (satellite) Spain CanalSat (satellite) France Ono (cable) Spain Free (IPTV) France Telefonica (IPTV) Spain Numericable (cable) France Dialog (satellite) Sri Lanka Orange (IPTV & satellite) France Peo (IPTV) Sri Lanka SFR (IPTV) France Boxer (DTT) Sweden TNT (DTT) France Canal Digital (satellite) Sweden Kabel Deutschland (cable) (cable) Sweden Sky (satellite only) Germany Telenor (IPTV & cable) Sweden T-Home (IPTV & satellite) Germany Telia (IPTV) Sweden Unitymedia KBW (cable) Germany Viasat (satellite) Sweden Vodafone (IPTV) Germany Sunrise (IPTV) Switzerland (satellite) Greece (IPTV) Switzerland OTE (satellite & IPTV) Greece UPC/Cablecom (cable) Switzerland Claro (cable & satellite) CHT (IPTV) Taiwan Sky (satellite) Guatemala CNS (cable) Taiwan Tigo (cable & satellite) Guatemala Kbro (cable) Taiwan Claro (cable & satellite) Honduras Taiwan Broadband (cable) Taiwan Sky (satellite) Honduras DStv (satellite) Tigo (cable & satellite) Honduras Gotv (DTT) Tanzania i-cable (digital cable) Hong Kong StarTimes (DTT) Tanzania Now TV (IPTV) Hong Kong Zuku (satellite) Tanzania Digi TV (satellite & cable) Hungary CTH (cable, satellite, IPTV) Invitel (IPTV, cable, DTT) Hungary Truevisions (satellite) Thailand MinDig (pay DTT) Hungary (satellite) Turkey T-Home (cable, IPTV, satellite) Hungary D-Smart (satellite) Turkey UPC (cable & satellite) Hungary TTNet (IPTV) Turkey Airtel (satellite) India Turksat (cable) Turkey Den Networks (cable) India ART (satellite) UAE Dish TV (satellite) India beIN (satellite) UAE (cable) India Du (IPTV) UAE In Digital (cable) India eLife (cable & satellite) UAE MTNL (IPTV) India OSN (satellite) UAE

Forecasts for the following pay TV operators (cont.): Operator Country Operator Country Reliance (satellite) India DStv (satellite) Uganda Siti (cable) India GOtv (DTT) Uganda (satellite) India StarTimes (DTT) Uganda (satellite) India Zuku (satellite) Uganda Videocon (satellite) India BSkyB (satellite) UK (satellite) Indonesia BT Vision (IPTV) UK Big TV (satellite) Indonesia TalkTalk (IPTV) UK Indovision (satellite) Indonesia Virgin (cable) UK K Vision (satellite) Indonesia Viasat (satellite) Ukraine Linknet (digital cable) Indonesia Volia (cable) Ukraine NexMedia (DTT) Indonesia Cablevision (cable) Okevision (satellite) Indonesia DirecTV (satellite) Uruguay Orange TV (satellite) Indonesia AT&T U-Verse (IPTV) USA Top TV (satellite) Indonesia Brighthouse (cable) USA (cable & satellite) Indonesia CableOne (cable) USA Viva+ (satellite) Indonesia Cablevision (cable) USA Sky (satellite) Ireland Charter (cable) USA UPC (cable) Ireland Comcast (cable) USA (cable) Israel Cox (cable) USA (satellite) Israel DirecTV (satellite) USA Mediaset (DTT) Italy (satellite) USA (satellite) Italy (cable) USA Telecom Italia (IPTV) Italy Suddenlink (cable) USA J:Com (digital cable) Japan Time Warner (cable) USA NTT (IPTV) Japan Verizon Fios (IPTV) USA SkyPerfecTV (satellite) Japan (cable) USA DStv (satellite) Kenya DirecTV (satellite) Gotv (DTT) Kenya Intercable (cable & satellite) Venezuela StarTimes (DTT) Kenya Movistar (satellite) Venezuela Zuku (satellite & cable) Kenya AVG (satellite) Vietnam Baltcom (cable) Latvia FPT (IPTV) Vietnam Izzi (cable) Latvia HTV TMS (cable) Vietnam Lattelecom (IPTV & DTT) Latvia K+ (satellite) Vietnam Viasat (satellite) Latvia SCTV (cable) Vietnam Cgates (cable) Lithuania Viettel (IPTV) Vietnam TEO (IPTV & DTT) Lithuania VNPT (IPTV) Vietnam Viasat (satellite) Lithuania VTVCab (cable) Vietnam (satellite & IPTV) Malaysia TM (IPTV) Malaysia

Top pay TV operators to increase subs by 28%

Pay TV subscriptions for 338 operators across 89 countries will increase by 200 million from a collective 704 million in 2014 to 904 million by 2020, according to a new report from Digital TV Research. The Global Pay TV Operator Forecasts report estimates that 29 operators had more than 5 million paying subs by end- 2014.

Top five pay TV operators by subscribers (000) 2014 2020 China Radio & TV China 197,905 China Radio & TV China 251,654 Multiple 24,337 China Telecom China 27,991 Comcast USA 22,386 BesTV China 25,120 DirecTV USA 20,352 Liberty Global Multiple 23,900 DirecTV/Sky Lat Am 19,109 DirecTV/Sky Lat Am 23,156 Source: Digital TV Research. Note: paying subscribers only

China Radio & TV is the world’s largest pay TV operator by a long, long way. Government policy to consolidate cable TV means that China Radio & TV quickly became the world’s largest pay TV operator, with 198 million subs by end-2014. The operator will soon represent every cable TV home in China, with 252 million subscribers expected by 2020 – up by nearly 54 million on 2014.

Following China Radio & TV, IPTV operators China Telecom and BesTV will add 14.7 million and 13.2 million subs respectively. In fact, 12 operators from China and India will collectively add 130 million subscribers between 2014 and 2020.

Global subscriber growth is all the more impressive as 79 (23%) of the 338 operators will lose subscribers between 2014 and 2020. Korea’s CJ Hellovision will lose the most (827,000 subs), followed by Germany’s Unitymedia (down by 592,000) and Romania’s RCS-RDS (down 477,000). Very broadly, pay TV operators in Asia Pacific’s emerging markets will see strong growth, with North America and Western suffering.

Despite adding 200 million subscribers between 2014 and 2020, subscription and VOD revenues for the 338 operators will remain flat at $183 billion. From the total, 34 pay TV operators earned more than $1 billion in subscription and VOD revenues in 2014.

The dominance of China and India is diminished when the operators are ranked in subscriptions and VOD revenue terms. Led by DirecTV (now owned by AT&T, which owned three of the top 10 operators by revenues in 2014), the US will take six of the top 10 positions in both 2014 and 2020.

China Radio & TV will add a massive $2.16 billion between 2014 and 2020. In fact, five operators will add more than $500 million in revenues. However, 97 operators (29%) will lose revenues, with Comcast (down by $4.6 billion) declining by the most – followed by Time Warner (down $2.3 billion) and DirecTV (down $1.8 billion).

For more information on the Global Pay TV Operator Forecasts report, please contact: Simon Murray, [email protected], Tel: +44 20 8248 5051