Russia’s Orion Group ended the second quarter with a total of 3,038,166 pay-TV subscribers.
During the quarter, it added 15 TV channels, nine of which were in HD, to its Telekarta DTH offer, bringing the total to over 300. In its latest set of results, the company notes that it had revenues of R700.1million (€7.96 million) in Q2, or 7% more than in Q1 this year.
The main contributors to the growth were income from existing subscribers and the development of complex services the group offers to TV broadcasters.
Commenting on the results, Orion’s CEO Kirill Makhnovsky said: “The second quarter for us was marked by the growing demand for customised technical solutions from broadcasters. Thus, in June, Orion became a key partner of ViacomCBS, having presented, for the first time in the Russian market, a full-fledged helpdesk for an international media holding. Among the broadcasters who switched to spacecraft of the Orion satellite constellation during the reporting period there is the TV channel Multilandia (Soyuzmultfilm). The project of launching .red, .black and .sci-fi TV channels in the Russian Federation and the CIS countries in partnership with NMG and Media Telecom has become no less significant both for us and for the market as a whole. Expansion of partnership with TV channels has a positive effect on satellite TV subscribers, who could not help responding to the improvement of the package offer at the height of the summer season”.
