|
|
|
2017 |
|
2016 |
|
2015 |
|
|||
|
Revenues, other income and interest income: |
|
|
|
|
|
|
|
|||
|
Royalties (Univision) (a) |
|
Ps. |
5,930,238 |
|
Ps. |
6,124,679 |
|
Ps. |
4,986,562 |
|
|
Programming production and transmission rights (b) |
|
1,102,470 |
|
745,717 |
|
462,410 |
|
|||
|
Telecom services (c) |
|
— |
|
5,593 |
|
5,288 |
|
|||
|
Administrative services (d) |
|
86,649 |
|
24,753 |
|
43,117 |
|
|||
|
Advertising (e) |
|
58,637 |
|
78,675 |
|
100,024 |
|
|||
|
Other income (f) |
|
— |
|
— |
|
1,038,314 |
|
|||
|
Interest income (g) |
|
80,397 |
|
49,511 |
|
178,810 |
|
|||
|
Other finance income (h) |
|
— |
|
— |
|
2,194,981 |
|
|||
|
|
|
|
|
|
|
|
|
|||
|
|
|
Ps. |
7,258,391 |
|
Ps. |
7,028,928 |
|
Ps. |
9,009,506 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Costs and expenses |
|
|
|
|
|
|
|
|||
|
Donations |
|
Ps. |
143,470 |
|
Ps. |
197,122 |
|
Ps. |
127,641 |
|
|
Administrative services (d) |
|
15,816 |
|
31,335 |
|
31,142 |
|
|||
|
Technical services (i) |
|
67,752 |
|
104,030 |
|
156,704 |
|
|||
|
Programming production, transmission rights and telecom (j) |
|
490,698 |
|
479,251 |
|
403,500 |
|
|||
|
|
|
|
|
|
|
|
|
|||
|
|
|
Ps. |
717,736 |
|
Ps. |
811,738 |
|
Ps. |
718,987 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(a) |
The Group receives royalties from Univision for programming provided pursuant to an amended PLA, pursuant to which Univision has the right to broadcast certain Televisa content in the United States for a term that commenced on January 1, 2011 and ends on the later of 2025 (or 2030 upon consummation of a qualified public equity offering of UHI by July 1, 2019) or 7.5 after the Group has sold two-thirds of its initial investment in UHI made in December 2010. The amended PLA includes a provision for certain yearly minimum guaranteed advertising, with a value of U.S.$44.8 million (Ps.849,557), U.S.$43.9 million (Ps.817,249)and U.S.$69.2 million (Ps.1,104,875) for the fiscal years 2017, 2016 and 2015, respectively, to be provided by Univision, at no cost, for the promotion of the Group’s businesses (see Notes 3, 9 and 10). |
|
(b) |
Services rendered to Univision and Televisa CJ Grand in 2017, 2016 and 2015. |
|
(c) |
Services rendered to Univision and GTAC in 2016 and 2015. |
|
(d) |
The Group receives revenue from and is charged by affiliates for various services, such as equipment rental, security and other services, at rates which are negotiated. The Group provides management services to affiliates, which reimburse the Group for the incurred payroll and related expenses. |
|
(e) |
Advertising services rendered to OCEN, Univision and Editorial Clío, Libros y Videos, S.A. de C.V. (“Editorial Clío”) in 2017, 2016 and 2015, and Televisa CJ Grand in 2017 and 2016. |
|
(f) |
Includes in 2015 an exceptional income from Univision in the amount of U.S.$67.6 million (Ps.1,038,314), as a result of the early termination of a technical assistance agreement with Univision, which cash proceeds were received by the Group in April 2015. |
|
(g) |
In 2015 includes interest income from the Group’s investment in convertible debentures issued by UHI in the aggregate amount of Ps.142,010 (see Note 9). |
|
(h) |
In July 2015, the Group recognized in consolidated other finance income, net, a cash amount of U.S.$135.1 million (Ps.2,194,981) paid by UHI as a payment for the exchange of the Group’s former investment in Convertible Debentures issued by UHI for Warrants that are exercisable for UHI’s common stock (see Notes 3 and 9). |
|
(i) |
In 2017, 2016 and 2015, Sky received services from a subsidiary of DirecTV Latin America for play-out, uplink and downlink of signals. |
|
(j) |
Paid mainly to Univision in 2017, 2016 and 2015. The Group pays royalties to Univision for programming provided pursuant to a Mexico License Agreement, under which the Group has the right to broadcast certain Univision’s content in Mexico for the same term as that of the PLA. It also includes payments to GTAC in 2017, 2016 and 2015 (see Notes 3, 9 and 10). |