Orion, the Russian DTH platform operator, has ended the first quarter of this year with 2,978,500 subscribers, which is a 1% rise compared to the previous quarter. Revenues were $13.5 million, which is up 23% compared to the same quarter last year.
Orion sign a new agreement in the quarter, to lease capacity on Intelsat-15 and launch a new OTT service with ivi, one of Russia’s OTT platforms. The company has also extended its cooperation with Viacom, becoming its technical partner for the launch of Spike in the Russian market.
Kirill Makhnovsky, general director of Orion, made the point that while the rate of new subscriptions is slowing, it has still managed to make its existing customer base more profitable.