Dream Wired
No Result
View All Result
  • Home
  • Celebrity
  • DramaAlert
  • Gossip
  • Movie
  • TV
  • Music
  • Comics
  • Shop
  • Home
  • Celebrity
  • DramaAlert
  • Gossip
  • Movie
  • TV
  • Music
  • Comics
  • Shop
No Result
View All Result
Dream Wired
No Result
View All Result
Home DramaAlert

More Canadians turning to streaming services despite price hikes: report – National

rmtsa by rmtsa
March 26, 2024
in DramaAlert
0
More Canadians turning to streaming services despite price hikes: report – National
74
SHARES
1.2k
VIEWS
Share on FacebookShare on Twitter


You might also like

‘Elsbeth’ Season 3 Adds Andy Richter, Amy Sedaris & Lindsay Mendez

Poilievre says of B.C. premier that ‘one man can’t block’ pipeline proposal

Brandon Blackstock, Kelly Clarkson’s ex-husband, dies at 48 after battle with cancer: What we know

A new report suggests Canadians’ television viewing habits continue to shift toward streaming platforms at the expense of traditional cable and satellite subscriptions, at a time when the federal regulator is considering new rules to help level the playing field across the sector.

The annual Couch Potato Report released Monday by Convergence Research says 42 per cent of Canadian households did not have a TV subscription with a traditional provider by the end of last year. It forecasts that by the end of 2026, half of all households won’t be traditional TV watchers.

Meanwhile, the report says more than 80 per cent of Canadian households subscribe to a streaming service, while 70 per cent subscribe to both TV and one or more streaming services.

Last year saw 2.6 per cent of Canadian TV subscribers cut the cord, as the revenue brought in by traditional TV providers declined three per cent to $7.2 billion — a pace the report predicts will continue through 2026.

Story continues below advertisement

Meanwhile, streamers’ Canadian subscription revenue rose 14 per cent in 2023 to $3.73 billion and is forecast to reach $4.25 billion this year.

“It’s kind of a no-brainer that the alternative is going to be, and continues to be, the Netflixes and the Amazons and the Apples of the world. This is where your content lives,” said Convergence Research president Brahm Eiley.

“This is where the big spending is happening for programming. These guys are obviously kind of winning the battle at the end of the day.”


Click to play video: 'Tech Talk: AI extinction warning & streaming service reset'

3:08
Tech Talk: AI extinction warning & streaming service reset


The continued growth of streaming in Canada came despite the average price of those services rising 12 per cent last year across the 10 largest providers.

Breaking news from Canada and around the world
sent to your email, as it happens.

Breaking news from Canada and around the world
sent to your email, as it happens.

The report noted Canadians found “significant” savings associated with streaming packages that require the viewer to watch advertisements. Customers with these packages paid an average of 42 per cent less than those subscribed to ad-free alternatives.

Story continues below advertisement

Streaming customers pay for an average of 2.5 platforms per household.

The report estimates just four in ten Canadian households had a subscription to a traditional provider at the end of 2023 — a figure it forecasts will decline to one-quarter by 2026.

Eiley said the shift from TV to streaming platforms is happening less rapidly in Canada than in the U.S.

He added one of the reasons that decline has been less severe in Canada is due to the high number of new people moving to the country each year, which is fuelling Canada’s population growth.

“On the TV side, it’s kept things from really falling off the cliff,” he said.

But the struggles felt by Canada’s broadcasting sector have been significant enough to prompt calls for reform — and help — from the CRTC.

Trending Now

N.B. woman finds Apple AirTag in purse after night out: ‘I was so shocked’

Toronto woman arrested in violent dog attack, child seriously injured

The federal regulator held a 15-day hearing late last year that focused on modernizing the regulatory framework for broadcasters.


Click to play video: 'Bill C-11: The future of broadcasting and streaming in Canada'

6:47
Bill C-11: The future of broadcasting and streaming in Canada


It was part of a public consultation in response to the Online Streaming Act, which received royal assent last April and is meant to update federal legislation to require digital platforms to contribute to and promote Canadian content.

Story continues below advertisement

The commission is exploring whether foreign streamers should be asked to make an initial contribution to the Canadian content system. It has said that could help balance the scales for local television and radio companies that are already required to support Canadian content.

Major Canadian broadcasters and telecom giants, such as Rogers Communications Inc., BCE Inc., Telus Corp. and Quebecor Inc., had urged the CRTC to amend the regulatory framework to account for subscribers and revenues shifting from the traditional system to foreign streaming services.

Meanwhile, streamers largely encouraged the regulator to hold off on imposing such contributions. Netflix argued the CRTC should recognize the role it already plays in helping fund Canada’s broadcasting industry and reject calls to mandate an additional payment from the company.

The CRTC is aiming to develop and implement its new regulatory framework by the end of this year.

Eiley said it’s unsurprising that the popularity of streaming continues to grow, noting there are dozens of options available to Canadians, when accounting for the many smaller services that offer niche programming.

“It’s not just the big players, Eiley said. “There’s specific movie offerings, there’s sports offerings, there’s horror offerings, there’s everything. There’s quite a diversity on the streaming side.”

&copy 2024 The Canadian Press



Source link

Tags: CanadianshikesNationalPriceReportServicesStreamingTurning
Share30Tweet19
rmtsa

rmtsa

Recommended For You

‘Elsbeth’ Season 3 Adds Andy Richter, Amy Sedaris & Lindsay Mendez

by rmtsa
August 8, 2025
0
‘Elsbeth’ Season 3 Adds Andy Richter, Amy Sedaris & Lindsay Mendez

Elsbeth is setting up the star power for its upcoming third season, starting with Amy Sedaris (At Home With Amy Sedaris), Andy Richter (Late Night with Conan O’Brien),...

Read more

Poilievre says of B.C. premier that ‘one man can’t block’ pipeline proposal

by rmtsa
August 8, 2025
0
Poilievre says of B.C. premier that ‘one man can’t block’ pipeline proposal

Descrease article font size Increase article font size Conservative Leader Pierre Poilievre says Canadians, including British Columbians, want a new oil pipeline and Premier David Eby can’t be...

Read more

Brandon Blackstock, Kelly Clarkson’s ex-husband, dies at 48 after battle with cancer: What we know

by rmtsa
August 8, 2025
0
Brandon Blackstock, Kelly Clarkson’s ex-husband, dies at 48 after battle with cancer: What we know

Brandon Blackstock, Kelly Clarkson's ex-husband, talent agent and her former manager, has died after a battle with cancer, his family announced on Thursday. He was 48."It is with...

Read more

Hottest Thirst Traps Of The Week, Vol. 107

by rmtsa
August 8, 2025
0
Hottest Thirst Traps Of The Week, Vol. 107

You know what it is! Source: Ro.lexx Back at it again with the hottest thirst traps that dropped during an eventful week dominated by Trick Daddy getting DRAGGED...

Read more

Fat Speaks Out About The Hip Hop Awards • Hollywood Unlocked

by rmtsa
August 7, 2025
0
Fat Speaks Out About The Hip Hop Awards • Hollywood Unlocked

BET is officially putting the brakes on both the Soul Train Awards and the BET Hip Hop Awards — and Fat Joe is calling it like he sees...

Read more
Next Post
Australia’s Recorded Music Industry Posts 10.9% Growth For 2023: ARIA

Australia’s Recorded Music Industry Posts 10.9% Growth For 2023: ARIA

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Browse by Category

  • Celebrity
  • Comics
  • DramaAlert
  • Gossip
  • Movie
  • Music
  • TV
  • Uncategorized

CATEGORIES

  • Celebrity
  • Comics
  • DramaAlert
  • Gossip
  • Movie
  • Music
  • TV
  • Uncategorized
No Result
View All Result

Recent News

  • Ninajirachi Rewires Electronic Music With Stunning Debut Album, “I Love My Computer”
  • Salt-N-Pepa Battle UMG For Their Masters — And Their Legacy
  • ‘Elsbeth’ Season 3 Adds Andy Richter, Amy Sedaris & Lindsay Mendez

Copyright © 2023 DramaWired.
DramaWired is a content aggregator and not responsible for the content of external sites.

No Result
View All Result
  • Home
  • Celebrity
  • DramaAlert
  • Gossip
  • Movie
  • TV
  • Music
  • Comics
  • Shop

Copyright © 2023 DramaWired.
DramaWired is a content aggregator and not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In