Israel’s regulatory framework needs to urgently catch up with the dynamic nature and technology in the market, says Yes CEO Ron Elion.
His comments came as the satcaster ramped up its commitment to Ultra HD television.
“We continue to lead the television market in Israel, and were recently the first to announce that we would broadcast in state-of-the-art 4K Ultra HD quality, the largest show season in the world, with 600 new series and seasons. These are coupled by the outstanding success enjoyed by rousing Israeli series such as Taagad, which is shattering all previous viewership records in Israel,” Elion said in a statement accompanying the Bezeq-owned company’s third quarter financials.
Revenues in the third quarter of 2016 were NIS 434 million, compared to NIS 446 million in the same quarter of 2015, a decrease of 2.7%. The decrease was due to a 5,000 decline in subscriber numbers, a trend that has continued through the year.
ARPU in the third quarter of 2016 was NIS 233, level with the same quarter of 2015.