More Canadians cutting the cord; TV subscriptions to drop by 247,000, report says
THE CANADIAN PRESS
First posted: Wednesday, April 19, 2017 10:48 AM EDT | Updated: Wednesday, April 19, 2017 11:09 AM EDT
TORONTO — A new report says the number of Canadians cutting the cord on their TV services is expected to increase this year.
The Convergence Research Group estimates in a report released Wednesday that TV subscriptions in Canada will drop by 247,000 this year, up from 220,000 subscriber losses last year.
That would represent an annual drop of 2%, and the consulting firm says that decline is expected to grow by 3% in 2019.
The report estimates 3.8 million households or 26% did not have traditional TV services at home last year and projects that will rise to 4.18 million or 28.4% this year.
Canada’s major telecommunications providers have been racing to add next-generation TV services such as streaming to their offerings in a bid to retain and add new TV customers.
More Canadians cutting the cord; TV subscriptions to drop by 247,000, report say
THE CANADIAN PRESS
First posted: Wednesday, April 19, 2017 10:48 AM EDT | Updated: Wednesday, April 19, 2017 11:09 AM EDT
TORONTO — A new report says the number of Canadians cutting the cord on their TV services is expected to increase this year.
The Convergence Research Group estimates in a report released Wednesday that TV subscriptions in Canada will drop by 247,000 this year, up from 220,000 subscriber losses last year.
That would represent an annual drop of 2%, and the consulting firm says that decline is expected to grow by 3% in 2019.
The report estimates 3.8 million households or 26% did not have traditional TV services at home last year and projects that will rise to 4.18 million or 28.4% this year.
Canada’s major telecommunications providers have been racing to add next-generation TV services such as streaming to their offerings in a bid to retain and add new TV customers.
More Canadians cutting the cord; TV subscriptions to drop by 247,000, report say