European subscriber revenue increases – including a 10% growth in affiliate income –helped contribute towards a $34 million (€25.72m) increase in first quarter profits at Discovery Communications.
Currency fluctuations that lead to an overall decline in International Network revenues of $32 million will have been made more bearable by a fall in Discovery Communications’ overall tax bill of 36% to $70 million. The company reported a $119 million profit.
An increase of 7% in local advertising revenues from EMEA and Latin America was held back by lower advertising revenues in the UK.
Discovery Communications was formed last year by the combination of Discovery Holding Co and Advance/Newhouse Programming Partnership to create the new NASDAQ-quoted company.
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Connected TV Forecasts NEW REPORT. The number of TV sets connected to the Internet will reach 551 million by 2016 for the 40 countries covered in this report from Digital TV Research, up from 124 million at end-2010. The report states that this translates to 20% of global TV sets by 2016, up from only 6% at end-2010. Published in November 2011, this 83-page PDF report is the most geographically comprehensive to ever be published.