What is TVB (Television Broadcasts Limited)'s Revenue?
TVB (Television Broadcasts Limited)'s estimated revenue for 2024 is $25.56M.
What does TVB (Television Broadcasts Limited) do?
Television Broadcasts Limited (TVB) is listed on the main board of The Stock Exchange of Hong Kong Limited (stock code: 00511). Major activities of TVB include free-to-air television broadcasting, programme production, programme licensing and distribution, digital media business and publications. TVB is one of the few broadcasters in the world that operates a vertically integrated business model encompassing production, broadcasting and distribution, supplemented by a strong artiste pool.
TVB, which commenced broadcasting on 19 November 1967, has over 4,200 staff and artistes worldwide. It operates five digital HD channels and annually produces about 700 hours of dramas and over 23,000 hours of news, variety, travelogue, and information/entertainment programmes. Well recognised for its high quality productions, TVB has won over 540 internationally acclaimed awards.
Riding the wave of technological change, TVB has strived to expand its digital media business which is backed by its strong production capability and huge archive of TV programmes. In 2016, the company launched the OTT services, myTV SUPER and TVB Anywhere, in Hong Kong and overseas respectively. myTV SUPER offers more than 40 channels and 32,000 hours of video-on-demand programmes. Viewers are able to select and watch a wide range of programmes anywhere and anytime via set-top box, computer or mobile phone. In just one year, the service has succeeded in garnering over three million users and the number is still on the rise, making it the largest and leading Cantonese OTT platform in Hong Kong. TVB Anywhere is also well received by overseas viewers since making its debut in Canada, UK, Europe and Australia. In addition, TVB programmes are licensed and distributed worldwide.
In 2017, TVB further rolled out big big channel, a mobile app providing a live platform for TVB artistes to interact with viewers. It brings a brand new experience to users and provides a new channel for advertisements.
2017 is not only TVB's 50th anniversary, it also marks the successful transformation of TVB from a traditional television station to a company amalgamating three different platforms - broadcast TV, online TV and social media. Businesses now cover Hong Kong, Mainland China, North America, Europe, Asia and Taiwan.
Other business development includes closer cooperation with online video platforms in Mainland China to produce TV dramas with Hong Kong characteristics; and a joint venture with Hollywood TV and film production company, Imagine Entertainment, to develop and produce TV serials for distribution in US and international markets.
