But conventional TV is still bleeding money.
GATINEAU, Que. — The pace at which Canadians are switching from conventional television services to internet-based TV appears to be slowing after three years of accelerated growth, according to the country’s broadcast regulator.
Newly released figures show about 300,000 more Canadians subscribed to internet protocol television, or IPTV, services last year compared with 2015, an increase of 13.8 per cent year over year.
But the Canadian Radio-television and Telecommunications Commission says that’s a much slower growth rate than in 2015, when subscriptions to IPTV services such as Netflix and CraveTV rose by 21.3 per cent.
AnthonyRosenberg via Getty Images
The conventional service providers said their combined revenue losses added up to $185 million in 2016 as more people opted to watch TV and listen to music online.
Their revenues fell to $8.7 billion last year compared with approximately $8.9 billion in 2015, according to the CRTC.
The regulator also reported Thursday that conventional TV stations and radio stations continued to bleed revenue as advertising sales dropped.
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It took about 20 years for the automobile to replace the horse and buggy in the early part of the 20th Century. What we’re witnessing today is pretty much the same thing with conventional radio, television and newspapers. Even with the development of the automobile over the last century horses are still around but not to the extent they once were.
Today, the Internet is replacing conventional media which are dying a slow. painful death as their loss of revenue continues to slide. It won’t turn around because it’s not offering anything new or interesting. Radio and TV aren’t bold. They’re old and tired.
If you look at some of the restrictions put on devices like Apple TV, Chromecast and Roku in Canada it is inferior to what their customers can do in the US so that is probably part of the reason why.
We will NEVER buy rip off cable service again.
My internet provider just started throttling my account because I use Crave too much.