Record Profits Of $1.9B For News Corp?s BSkyB As PayTV Co. Launches Triple Play In Ireland

BSkyB, the UK-based, News Corp-controlled pay-TV provider, today posted record profits for the year, rising 14 percent to ?1.2 billion ($1.9 billion) in the 12 months that ended June 30. Full-year revenues were ?6.8 billion ($10.4 billion), a rise of three percent on 2011. Earnings per share were also up: they are now at 50.8 pence ($0.79), a rise of 22 percent. While BSkyB has built its business on a satellite-based pay-TV service hooked on exclusive sports broadcasting rights, it's laying groundwork for how it will ensure it remains a dominant company even as people move to new platforms: BSkyB also revealed the value of its investment in streaming-box provider Roku, announced yesterday -- it's $10 million -- and gave a bit more detail on a ?30-million plan for rolling out its service to Roku and other OTT services via its new non-sub Sky NOW TV product; as well as an update and expansion of its Sky Go service, its OTT play for existing subscribers, which now has 2.7 million monthly unique users. And BSkyB also announced today some international expansion: it will begin to offer its triple-play service of broadband, phone and pay-TV in Ireland.

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