Tuesday, April 14, 2015

Canadians scrapping cable packages in larger numbers: report

The Star's Michael Lewis writes that a new report says the U.S-based on demand video streaming service Netflix, Inc., added 900,000 Canadian subscribers last year amid an accelerating shift away from traditional cable and satellite TV packages.
The Convergence Consulting Group on Monday said about 95,000 fewer households were paying for TV from cable, satellite and telecom providers at the end of 2014, while Canadians ditched 13,000 linear TV subscriptions in 2013.
The report forecast a further decline of 97,000 in 2015, contrasting the number with annual growth in 2011, when TV subscriber additions averaged 220,000. As of the end of 2014, the group estimates that 3.09 million Canadian households, or 21.6 per cent, did not have a traditional linear TV subscription, up from 2.85 million in 2013. MORE

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