Revenue drop slows for top Euro broadcasters
U.K. satcaster BSkyB bucks trend with growth of 20%LONDON -- Europe's leading commercial broadcasters -- which together operate over five hundred channels -- saw an overall revenue drop of 1.9% in 2009 compared to a loss of 3% the previous year, according to new figures from the European Audiovisual Observatory.
The report found that U.K. satcaster BSkyB came out top of the pile, showing year-on-year revenue growth of 20% to €6.3 billion ($8.4 billion), compared to RTL Group, where revenues fell 6.3% to €5.4 billion ($7.2 billion).
French operator Canal+ showed no change, holding steady at €4.5 billion ($6 billion), while Italy's Mediaset fell 7.5% to €3.9 billion ($5.2 billion) and Germany's ProSieben was down 10% to €2.8 billion ($3.7 billion).
Central European Media Enterprises proved the biggest loser, with revenues falling 31% to €498 million ($662 million), followed by Spanish broadcast group Prisa down by 18% to €1.8 billion ($2.4 billion)
Overall, Europe's top players recorded a total net loss of €1.2 billion ($1.6 billion), although only three companies actually recorded a net loss.