Television Broadcasts Limited

Overview

Date Founded

1965

Headquarters

77 Chun Choi Street Tseung Kwan O Industrial Estate Tseung Kwan O Kowloon City, Kowloon, Hong Kong

Type of Company

Public

Employees (Worldwide)

3,785

Industries

Cable, Satellite, and Radio Telecommunications
IT Consulting & Services
Entertainment

Company Description

Television Broadcasts Ltd. engages in the provision of terrestrial television broadcasting, program production, and television-related activities. It operates through the following segments: Hong Kong TV Broadcasting, myTV SUPER, Big Big Channel Business, Programme Licensing and Distribution, Overseas Pay TV Operations and TVB Anywhere, Other Activities and Corporate Support. The Hong Kong Television Broadcasting segment offers broadcasting of television programmes on terrestrial television platform, broadcasting of commercials on terrestrial, and pay television platforms and production of programmes. The myTV SUPER segment engages in operation of myTV SUPER OTT service and website portals. The Big Big Channel Business segment offers social media platform and music entertainment. The Programme Licensing and Distribution segment includes distribution of television programmes and channels to telecast, video, and new media operators. The Overseas Pay TV and TVB Anywhere segment provides pay television and OTT services to subscribers in most part of the world targeting Chinese and other Asian audiences. The Other Activities segment offers magazine publications, music entertainment, and property investment. The corporate Support segment provides financing services for the group. The company was founded by Hsiao Wo Lee and Run Run Shaw on November 19, 1967 and is headquartered in Hong Kong.

Website

http://www.tvb.com

In The News

News Bites Canadian Markets

March 1, 2021

Monday March 01, 2021 Calian Group gains 20% in past quarter

South China Morning Post

January 31, 2021

Comedians to lead TVB's push to turn around its fortunes; Broadcaster has been losing money and viewers in face of competition from networks and online

The Straits Times (Singapore)

January 5, 2021

Veteran actress Lee Heung Kam dies at age 88

The Straits Times (Singapore)

December 15, 2020

Carol Cheng says she does not look down on Stephen Chow

RelSci

December 9, 2020

Kin Hsu is now serving in a new board position at Television Broadcasts Limited

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Executives & Employees

Po On Lee

Group Chief Executive Officer

Yau Kee Mak

Chief Financial Officer & Company Secretary

Felix To Chi Hak

Deputy General Manager (Program & Production)

To Hui

Executive Director

Yee Ling Lok

General Manager-Talent Management & Development

Shu Hung Chan

Deputy General Manager-Law & International Operations

Brad Seitter

Executive Vice President-Business Development

David Buonfiglio

Vice President-Digital

Icarus So

Data Scientist

Board of Directors

To Hui

Executive Director at Television Broadcasts Limited

Li Ruigang

Chairman & Chief Executive Officer at CMC Holdings

Allan Zeman

Founder at Lan Kwai Fong Group

Wo Fong

Director & Founding Member at Canadian International School of Hong Kong Ltd.

Po On Lee

Group Chief Executive Officer at Television Broadcasts Limited

William Lo Wing Yan

Governor at Independent Schools Foundation Academy

Belinda Wong Ching Ying

Chief Executive Officer, Starbucks China at Starbucks Corp.

Allan Yap

Former Executive Chairman & Chief Executive Officer at MRI Holdings Ltd.

Tao Sun

Managing Director at Providence Equity Partners LLC

Anthony Lee Hsien Pin

Trustee at Princeton University

Trending Organizations

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Television Broadcasts Limited

Recent Transactions

Details Hidden

TVB Satellite TV Holdings Ltd., Television Broadcasts Limited purchase Big Big Channel Holdings Ltd. from Emperor Culture Group Ltd.

Details Hidden

Liann Yee Production Co., Ltd. /Private Group purchases Liann Yee Production Co. Ltd. from Television Broadcasts Limited

Details Hidden

TVB Satellite TV Holdings Ltd., Television Broadcasts Limited purchase Big Big Channel Holdings Ltd. from Emperor Culture Group Ltd.

Transaction Advisors

Accountant

PricewaterhouseCoopers LLP

Advised onTelevision Broadcasts Limited purchases Liann Yee Production Co. Ltd. from Primasia Development Co. Ltd.

Investment Advisor

JPMorgan Chase & Co.

Advised onLiann Yee Production Co., Ltd. /Private Group purchases Liann Yee Production Co. Ltd. from Television Broadcasts Limited

Clients

Netflix, Inc.

Netflix, Inc. operates as a streaming entertainment service company. The firm provides subscription service streaming movies and television episodes over the Internet and sending DVDs by mail. It operates through the following segments: Domestic Streaming, International Streaming and Domestic DVD. The Domestic Streaming segment derives revenues from monthly membership fees for services consisting of streaming content to its members in the United States. The International Streaming segment includes fees from members outside the United States. The Domestic DVD segment covers revenues from services consisting of DVD-by-mail. The company was founded by Marc Randolph and Wilmot Reed Hastings Jr. on August 29, 1997 and is headquartered in Los Gatos, CA.

CK Hutchison Holdings Ltd.

CK Hutchison Holdings Ltd. is an investment holding company, which engages in the development, innovation, operation and investment in different business sectors. It operates through the following segments: Ports and Related Services; Retail; Infrastructure; Husky Energy and Telecommunications. The company was founded on December 12, 2014 and is headquartered in Hong Kong.

Alibaba Group Holding Ltd.

Alibaba Group Holding Ltd. engages in providing online and mobile marketplaces in retail and wholesale trade. It operates through the following business segments: Core Commerce; Cloud Computing; Digital Media and Entertainment; and Innovation Initiatives and Others. The Core Commerce segment comprises of platforms operating in retail and wholesale. The Cloud Computing segment consists of Alibaba Cloud, which offers elastic computing, database, storage and content delivery network, large scale computing, security, management and application, big data analytics, a machine learning platform, and other services provide for enterprises of different sizes across various industries. The Digital Media and Entertainment segment relates to the Youko Tudou and UC Browser business. The Innovation Initiatives and Others segment includes businesses such as AutoNavi, DingTalk, Tmall Genie, and others. The company was founded by Chung Tsai and Yun Ma on June 28, 1999 and is headquartered in Hangzhou, China.

Key Stats and Financials As of 2019

Market Capitalization

$514M

Total Enterprise Value

$818M

Earnings Per Share

$-0.09

EBITDAMargin

12.26%

Enterprise Value / Sales

1.75x

Enterprise Value EBITDAOperating

14.32x

TEVNet Income

-21.71x

Debt TEV

0.36x

Three Year Compounded Annual Growth Rate Of Revenue

-4.66%

Revenue

$466M

Total Equity

$714M

Total Debt

$291M

EBITDA

$57.1M

Net Profit

$-37.7M

Investors

Details Hidden

Ananda Krishnan

Founder at Exoil Trading

Details Hidden

Chien Lee

Chairman & Chief Executive Officer at NewCity Capital

Details Hidden

Alex X. Chen

Former Director at Providence Equity Partners LLC

Suppliers

Cloud Investment Holdings Ltd. Holding Companies | Hong Kong

Cloud Investment Holdings Ltd. is an investment company. It operates through the following segments: Software Business, Financial Business, and Financial Public Relations Business. The Software Business segment include sales and licensing of software and embedded systems and provisions of information technology services. The Financial Business segment provides financing services. The Financial Public Relations Business segment gives financial public relations services. The company was founded by Lap Yan Leung and Man Kin Lau in 1995 and is headquartered in Hong Kong.

Edgeware AB Computer Software | Stockholm, Sweden

Edgeware AB provides next generation cloud television and video services. It engages in the provision of distributed video delivery network platforms. The firm specializes in the distribution of video and television across the Internet and different devices. The company was founded by Joachim Roos, Kalle Henriksson and Lukas Holm in 2004 and is headquartered in Stockholm, Sweden.

Hutchison Telecommunications Hong Kong Holdings Ltd. Wireless Telecommunications | Hong Kong

Hutchison Telecommunications Hong Kong Holdings Ltd. engages in the provision of mobile and fixed-line telecommunications services. It operates through the following business segments: Mobile, Fixed-line, and Others. The Others segment represents corporate support functions. The company was founded on August 3, 2007 and is headquartered in Hong Kong.

Competitors

PCCW Ltd. IT Consulting & Services - Hong Kong

PCCW Limited (PCCW) is a Hong Kong-based company which holds interests in telecommunications, media, IT solutions, property development and investment, and other businesses. The Company holds a majority interest in HKT, Hong Kong's premier telecommunications service provider. HKT meets the needs of the Hong Kong public and local and international businesses with a wide range of services including local telephony, local data and broadband, international telecommunications, mobile, and other telecommunications businesses such as customer premises equipment sale, outsourcing, consulting, and contact centers. PCCW also owns a fully integrated multimedia and entertainment group in Hong Kong, which includes a highly successful IPTV operation, now TV. As the provider of Hong Kong's first quadruple-play experience, PCCW offers a range of innovative media content and services across four delivery platforms – fixed-line, broadband Internet access, TV and mobile. Also wholly-owned by the Group, PCCW Solutions is a leading information technology outsourcing and business process outsourcing provider in Hong Kong and mainland China. In addition, PCCW holds a majority interest in Pacific Century Premium Developments Limited, and overseas investments including the wholly-owned UK Broadband Limited

Xiaomi Corp. Other Manufacturing - Beijing, China

Xiaomi Corp. engages in the design, manufacture and sale of smartphone, hardware and software products. Its business covers power bank, audio, camera and lifestyle. Xiaomi doing business through three business segments-Hardware, E-commerce & New Retail and Internet services. Its products include power bank pro, headphones, in-ear headphones pro, bluetooth headset basic with dock, bluetooth speaker, sphere camera, home security camera, action camera, robot builder, electric scooter, bedside lamp, and body composition scale. The company was founded by Jun Lei, Bin Lin, Wan Qiang Li, Feng Hong, De Liu, Chuan Wang, and Jiang Ji Huang on March 3, 2010 and is headquartered in Beijing, China.

Alphabet, Inc. Internet Software & Services - Mountain View, CA

Alphabet, Inc. is a holding company, which engages in the business of acquisition and operation of different companies. It operates through the Google and Other Bets segments. The Google segment includes its main Internet products such as ads, Android, Chrome, hardware, Google Cloud, Google Maps, Google Play, Search, and YouTube. The Other Bets segment consists of businesses such as Access, Calico, CapitalG, GV, Verily, Waymo, and X. The company was founded by Lawrence E. Page and Sergey Mikhaylovich Brin on October 2, 2015 and is headquartered in Mountain View, CA.

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