section_path: Content/Funding
section_name: Funding
paragraph_text: Funding
  
  Around the world, broadcast television is financed by government, advertising, licensing (a form of tax), subscription, or any combination of these. To protect revenues, subscription television channels are usually encrypted to ensure that only subscribers receive the decryption codes to see the signal. Unencrypted channels are known as free-to-air or FTA. In 2009, the global TV market represented 1,217.2 million TV households with at least one TV and total revenues of 268.9 billion EUR (declining 1.2% compared to 2008). North America had the biggest TV revenue market share with 39% followed by Europe (31%), Asia-Pacific (21%), Latin America (8%), and Africa and the Middle East (2%). Globally, the different TV revenue sources are divided into 45–50% TV advertising revenues, 40–45% subscription fees, and 10% public funding.