CRTC Says Cord Cutting Pace in Canada Has Slowed Down Year-Over-Year
According to a new report from CBC News, the CRTC has revealed that the pace of cord-cutting in Canada has been slowing since 2015.
After an accelerated growth for about three years, the pace at which Canadians are switching to IPTV services appears to be slowing. In 2016, 300,000 Canadians subscribed to IPTV services, which brought a 13.8 percent increase from 2015. However, in 2015 year-over-year growth was at an astonishing 21.3 percent.
Cable and Satellite providers saw a 2.1 percent drop in revenue in 2016, which is a lot higher than the 0.1 revenue decline in 2015.
The CRTC also noted that conventional TV stations have also started loosing revenue as advertising sales drop. TV stations reported a 4.5 percent decline in advertising revenue in 2016.