Jul 27, 2017
By Michael Kramer
The switch Canadians are making from conventional television services to internet-based TV appears to be slowing – after three years of accelerated growth.
New figures from The Canadian Radio-television and Telecommunications Commission show about 300,000 more Canadians subscribed to internet protocol television, or IPTV, services last year compared with 2015.
That’s up 13.8 per cent year-over-year.
But the CRTC says that’s a much slower growth rate than 2015 when subscriptions to IPTV services shot up by 21.3 per cent.
Cable, satellite and other direct-to-home TV service providers saw a drop of 2.1 per cent in revenue for 2016 – a much bigger decline than in the previous year – when they reported an overall 0.1 per cent revenue decline.
Conventional service providers said their combined revenue losses added up to $185 million in 2016 – with more people watching TV and listening to music online – leading to a revenue slide to $8.7 billion last year – compared with approximately $8.9 billion in 2015.