Rogers to launch IPTV by year-end
TORONTO — Rogers Communications Inc., a leading diversified Canadian communications and media company, today announced its unaudited financial and operating results for the first quarter ended March 31, 2016.
Television offerings
We believe consumer interest in 4K TV will continue to grow. By the end of 2016, we expect to deliver over 500 hours of 4K content, including over 100 live sporting events. We also continued to deliver upgrades on our legacy TV user interface this quarter, launched two new Sportsnet 4K companion channels, delivered the inaugural 4K broadcast of a Major League Baseball game with the Toronto Blue Jays home opener, and expect to launch an Internet Protocol Television (IPTV) product by the end of the year.
Television revenue
The 7% decrease in Television revenue this quarter was a result of:
the decline in Television subscribers over the past year primarily associated with the changing television consumption environment; and
more promotional pricing provided to subscribers; partially offset by
the impact of Television service pricing changes implemented over the past year.
Television Subscribers (thousands)
2016                               2015
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Q1'16  Total  Q4'15  Q3'15  Q2'15  Q1'15
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Net losses     (26)  (128)   (24)   (31)   (32)   (41)
Total         1,870  1,896  1,896  1,920  1,951  1,983
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